The number of active users in the Decentraland and The Sandbox metaverses has dropped massively, according to DappRadar statistics. The two platforms had less than 4,000 unique active wallets in the past 30 days, while the floor prices of non-fungible
In a new ad campaign, Meta, the company previously known as Facebook, emphasizes the real and pragmatic socio-economic benefits of virtual reality, diverging from its erstwhile futuristic portrayal of the metaverse experience. The core theme behind the ad series is
The Kenyan government cancelled the operating license for Tools for Humanity, the software company behind the identity crypto protocol Worldcoin, after revelations that the project’s iris scans made some people sick, according to local media reports. Worldcoin was already under
As the race for metaverse development continues, Shandong Province in China has released draft guidelines to develop an ambitious 150 billion yuan, or $20.5 billion, metaverse market by 2025. As part of its plan, the province seeks to develop metaverse-related
Harvard legal scholar Christine Kim called on governments to immediately tax all income and wealth made in the metaverse, even unrealized gains. In a new research paper, Kim argues that failure to do so would turn the metaverse into a
The U.S. Securities and Exchange Commission (SEC) on Monday charged Los Angeles-based entertainment company Impact Theory with conducting an “unregistered offering of crypto asset securities” through non-fungible tokens, or NFTs. The enforcement action, considered the first by the capital markets
WikiLeaks founder Julian Assange will address a political rally in the metaverse, as part of a virtual protest against the guerrilla publisher’s extradition to the U.S., where he is wanted on charges of espionage. Organized by the ‘Don’t Extradite Assange
Bitcoin Ordinals non-fungible tokens (NFTs) may be losing style as trading and sales volume crashed over 99% since May, according to a new report from DappRadar. The crypto tracking platform described the decline as “alarming.” Published Aug. 17, the report
Tech giants – Apple, Pixar, Nvidia and others have come together to create the Alliance for OpenUSD to develop AR & VR standards. The newly formed alliance will push and standardize Pixar’s Universal Scene Description (USD) technology, a file format
The XRP community, which recently rejoiced over a decision in the ongoing Ripple versus SEC case, may need to prepare for a fresh round of legal battles. Judge Jed Rakoff of the Southern District of New York issued an order
and then