Forbes expands its reach into the Sandbox metaverse by introducing a virtual area with a gallery, bar, and swimming pool. There are games and even a scavenger hunt for visitors to participate in. Founded in 1917, Forbes is a business
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
The Ministry of Science and Technology in China has introduced a web3 strategy that embraces the development of new business models, focusing on non-fungible tokens (NFTs). Despite China’s ban on cryptocurrencies, this strategy underscores the government’s responsibility to the web3
Several U.S. states, including California and Texas, have taken decisive legal action against GS Partners. The company is accused of engaging in fraudulent investment schemes involving crypto assets. This case highlights the growing scrutiny of cryptocurrency operations and the steps
At the forefront of the tech revolution in legal resolution, Dubai is pioneering a path that could reshape how rental disputes are settled globally. The Dubai Land Department’s Rental Dispute Centre (RDC) has rolled out its “Metaverse Litigation” platform. Per
Data centers are reportedly under pressure from a surge in demand for generative AI, forcing them to pile some costs on customers, according to a recent report. Although it has been gaining traction following the launch of ChatGPT to immediate
In a time of economic flux and changing financial landscapes, the recent Shanghai Second Intermediate People’s Court report stands out as a significant moment for the crypto world. Daring to challenge China’s traditionally restrictive views on digital currencies, the court’s
A federal court in New York has frozen the assets of Alexander Mashinsky, the former CEO of the now-bankrupt crypto lending company Celsius Network. Unsealed documents disclosed on Sept. 5 reveal that the court has targeted Mashinsky’s bank accounts and
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
Companies in Africa are establishing their presence in the metaverse’s real estate market through a platform that Africarare is developing. The platform is now expected to have over a billion users. The metaverse platform named Ubuntuland houses what has been
The United States Securities and Exchange Commission (SEC) recently moved significantly in the crypto space, announcing an agreement with crypto trading platform Bittrex and its co-founder and former CEO, William Shihara. The SEC accused Bittrex and Shihara of operating an
Stability AI has released a new AI image generator called Stable Doodle which converts sketches into images using their new Stable Diffusion model “SDXL 0.9” which provides “limitless imaging possibilities.” Stability AI, an open source generative artificial intelligence company announced
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