Saudi Arabia, through its Public Investment Fund, has injected $590 million into virtual reality (VR) headsets, putting pressure on Apple’s Vision Pro. The investment was made into Magic Leap, a US company that makes headgear “that overlays virtual images into
The International Monetary Fund (IMF) has released a new analysis indicating that artificial intelligence (AI) could impact nearly 40% of all jobs, potentially exacerbating global inequality. The International Monetary Fund warns that nearly 40% of jobs across the world could
BlockShow, Cointelegraph’s flagship event brand is teaming up with BlockDown Festival, announcing a groundbreaking web3 event at Cyberport, Hong Kong. The event, co-organized by Cointelegraph and EAK Digital, will spotlight various web3 innovations and integrate art and culture. BlockShow X
In a year in which AI dominated virtually every economic sector, related cryptocurrency tokens soared in value as investors took positions in a technology that’s being viewed as the next big thing. The broader crypto market bounced back in November,
As we approach the end of 2023, the web3 ecosystem continues to evolve, marked by significant developments and emerging trends. One of the most prominent trends of 2023 has been the significant shift in the web3 gaming sector. Moving beyond
Immutable, the Ethereum-based gaming company, launched “Passport,” a type of digital identity that allows players in decentralized Web3 games to use a single profile across multiple platforms. The idea is to simplify the “sign-up process for players by providing them
The emergence of metaverse casinos is ushering in immersive gaming experiences. Powered by blockchain technology and enhanced by Augmented Reality (AR) and Virtual Reality (VR), metaverse casinos are changing how people engage with casino games, blending the virtual and real
Web3 is driven by the need for privacy, security, and transparency in transactions. Automata Network’s 1RPC now supports Telos EVM, a Layer 0 chain fully compatible with the Ethereum Virtual Machine (EVM). This integration introduces a fixed gas fee structure
Legendary rap artist Notorious B.I.G., real name Christopher Wallace, has come back to life in a new gaming experience for hip-hop fans in The Sandbox metaverse, according to an announcement on Dec. 4. Dubbed “Breakin B.I.G.”, the Brooklyn, New York-inspired
With the rise of virtual reality (VR), the metaverse has become a hot topic, offering a new frontier for various aspects of life, including shopping, entertainment, learning, and gaming. Facebook’s rebranding as Meta Platforms in recent times has further solidified
The price of ORDI, the native token of the Bitcoin Ordinals protocol, soared 620% over the last three months as sales of non-fungible tokens (NFTs) minted on the Bitcoin blockchain surged. ORDI prices reached $20.70 on Tuesday, jumping from an
Japanese firm Square Enix is set to initiate an NFT auction for its latest offering, Symbiogenesis, marking its first expedition into the Web3 gaming system. Built on the Ethereum and Polygon blockchain networks, the auction is scheduled to unfold in
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