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Metaverse June 27, 2022

Samsung releases metaverse ETF

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Samsung Asset Management announced the opening of Samsung Asia Pacific ex NZ Metaverse Theme ETF, the first active APAC metaverse theme ETF.

The Hong Kong Stock Exchange is scheduled to open the listing on July 7, 2022. The listing price for the ETF is HKD15, with a board lot size of 50 units, at a cost of HK$750 per lot. The ETF, whose annual management costs will be 0.85 percent, is anticipated to be the first global APACblockchain ETF in Asia.

“A simple instrument that can help investors investing in Metaverse related industries in APAC ex NZ,” according to Samsung, describes the new ETF. The categories that will be taken into consideration, according to the business, may include but not be limited to augmented reality/virtual reality, artificial intelligence, social media, online gaming, digital transactions, devices, platforms, and content.

The corporation has not yet made a formal declaration regarding the specifics of its top 10 holdings

The metaverse is a virtual world developed with the use of the modern internet and 3D technology to replicate, recreate, or improve physical reality Blockchain, augmented reality, and virtual reality are the technologies used in the metaverse.

The metaverse market may reach US$783.3 billion in 2024, with a CAGR of 13.1 percent after 2020, according to Gartner. As the Metaverse industry is in a stage of rapid expansion, 3172.HK, an actively managed portfolio, may seize the investment opportunity quickly.

Additionally, Samsung has announced that it is thinking of listing some of Amplify’s other flagship ETFs in the Korean and international markets. The Korean investment firm disclosed that it is considering listing the Amplify CWP Enhanced Dividend Income ETF in either Hong Kong or Korea.

A blockchain technology ETF was previously introduced by the organization last Friday in Hong Kong. It is the first active global technology ETF that tracks different cryptocurrency companies. Among its top 10 holdings are IBM, the cryptocurrency banking organization Silvergate, and CME Group, a US-listed exchange that provides bitcoin futures contracts.

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Michelle D. Madsen graduated from the University of Westminster and has been deeply involved in the world of finance ever since. She has worked as a Broadcast Journalist hosting various news shows and informative webcasts about the financial markets. Since 2004 she has also been writing for MetaNews daily, her attention to detail, and her in-depth knowledge of the financial markets have led her to cover Foreign Exchange and commodities. The world of finance has changed in the last few years with the introduction and rising popularity of cryptocurrencies and the Metaverse. She has in no means been left behind, adding this to her bank of intellect and is now also an expert in cryptocurrencies. For the last ten years, Ms. Madsen has been engaged in the financial market. She has notedly written a great number of incredibly informative reviews for the crypto, NFT and the Metaverse. Her wealth of knowledge has enabled her to become a leading expert in the field. She continues to inform the public writing up-to-date, thorough reviews for the readers of MetaNews as she has for the last decade.

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Metaverse

Xoomojis is an upcoming NFT collection

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On the Ethereum network, Xoomojis is a collection of 12,500 different non-fungible tokens (NFTs). They are based on nine different animal characters, each with about two hundred and fifty characteristics. The goal is to launch a brand known as Xoomojis and produce books and other goods for children that are entertaining and interesting to them, all of which will be written by younger scientists.

The company is dedicated to the long-term utility of its products, as well as the friendly community in which it operates, and education

There will be a prize awarded for every 250 new NFTs that are produced (once a week). One ether will be contributed to a deserving charity for every one of the next 250 NFTs that is created (once a week).

The final character designs and significant brand decisions will be selected by a vote held by the community on the soon-to-be-released NFT-gated discord channel of the company.

Those who have their NFT account verified will receive personalized shirts (and other items), while those who do not have an NFT account will receive more basic tees. In addition to this, users will have access to free 3D avatars, and the metaverse will be home to a brand new virtual science center.

The long-term ambitions of the project, which may include future charitable donations and giveaways, have led to the decision to set the royalty rate for sales on the secondary market at 4.5% as a means of financial support.

Twitter: twitter.com/xoomojis

Discord: discord.com/invite/9CPWDceJe7

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Durex is considering a metaverse launch

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The well-known condom manufacturer Durex has submitted an application for a trademark, which indicates that the corporation may soon enter the metaverse and the NFT industry.

Mike Kondoudis, a licensed trademark attorney at the United States Patent and Trademark Office (USPTO), tweeted on July 29, 2022, that the proprietor of Durex has filed a trademark application combining NFTs and cryptocurrencies.

When or how exactly Durex will make its initial entrance into the metaverse and the NFT sector is something that the company has not yet disclosed in any specific detail. The company’s patent application, on the other hand, detailed parts of cryptocurrency mining, virtual condoms, cryptocurrencies, non-fungible tokens (NFTs), downloadable media files, and financial services using cryptocurrencies.

In recent weeks and months, there has been a rise in the level of interest shown in the metaverse by businesses of a medium and big scale. More than 3,300 patents associated with the metaverse have been registered with the USPTO by brands from around the world as of this point in 2022.

NIKE, Stella Artois, Gucci, and Louis Vuitton are some of the most well-known firms in the world, and all of them have taken active measures toward expanding their presence in the metaverse

The XFL, a minor professional football league in the United States, has submitted a trademark application for the word “XFL,” signaling that it has aspirations to enter the metaverse and the realm of non-fungible tokens. This news comes after the XFL filed the application for the name “XFL” (NFTs).

The company wants to include an NFT marketplace, virtual goods, and experiences in its future plans, according to its trademark application. The company will offer these.

The Professional Golfers Association of America (PGA), which is completing agreements with Sorare and Autograph to launch golf NFTs, submitted a Web 3.0 trademark application for its logo. This comes after the PGA said it’s finalizing these deals.

The metaverse is still in the planning and imagining stage at this point. Skeptics caution that there is no obvious method to discern in which direction the metaverse will evolve, despite the fact that many major actors in the technology industry are currently attempting to define and establish a foundation for the metaverse.

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Ledger partners with BRICK for NFT drop

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Ledger, the largest crypto and Web3 platform, launched Market x BRICK NFT. [ L ] Market is the first safe mint and distribution platform for handpicked NFT drops from cultural companies and artists. Following Ledger’s Genesis Pass NFT drop last month, BRICK will mint 10,000 unique assets in early September.

Lee Spielman and Garrett Stevenson of Babylon LA and Trash Talk will open BRICK in Los Angeles. BRICK will offer live concerts, music sessions with prominent performers, screen printing workshops, and crypto security courses by Ledger.

BRICK will play monthly with an artist-designed “tour t-shirt” and poster

Ledger and BRICK released two trailers detailing the film’s origin. The BRICK origin trailer has cameos by Ty Dolla $ign, Bobby Hundreds, and Ishod Wair. Blake Anderson, Danny Brown, and Lionel Boyce voice characters in the BRICK animation. Remio, Petty Crimes, and Keenan Shurr designed BRICK NFT.

Lee Spielman remarked, “BRICK is excited to join with Ledger Marketplace. Ledger is a Web3 leader in style, taste, and curation. Ledger’s attitude aligns with BRICK’s in establishing community-driven venues that equip youngsters. We’re excited to see what this new cooperation brings.”

[ L ] Market debuted last month with the maiden drop of the Genesis Pass NFT, which lets owners redeem a limited edition Ledger Black-on-Black Nano X and access future drops. 150,000 people joined [ L] Market.

BRICK NFT holders can vote on programming and get free admission to events and seminars with a guest. Non-Los Angeles residents can watch concerts and classes on BRICK’s metaverse territory. Each event will airdrop digital merch and tour posters. Ledger Enterprise Create secures Brick’s minting, distribution, and storage of NFTs.

(L) Market adds Ledger’s world-class security to the NFT marketplace, which has suffered hacks and scams. Since 2021, non-secure NFT ownership has cost 46,000 customers $1 billion, according to the FTC. Ledger has the largest and most secure crypto wallet market share, safeguarding 20% of the world’s crypto and digital assets in 5 million wallets.

Ledger’s VP of Metaverse commented, “We couldn’t be prouder to work with Brick for our inaugural drop on L Market.” “Lee and Garrett are creative visionaries who built Brick. Market lets innovators like Lee and Garrett and brands like Brick mint, distribute, and store NFTs safely. We’re excited to see Brick’s safe mint establish a community in LA.”

Ledger protects 45 of 100 top OpenSea transactions and 40% of Bored Apes. Ledger’s purpose is more vital than ever, delivering users and creatives the most secure Web3 tools in an environment where users confront issues using Web2 technology to preserve Web3 value.

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