According to Technavio, the size of the global metaverse market is expected to increase by USD 1152.35 billion between 2023 and 2027. During the forecast period, the market is anticipated to grow at a CAGR of 40.06%. It is anticipated
With the support of Improbable, the Virtual Society Foundation seeks to accelerate the mass adoption of the metaverse. The Virtual Society Foundation (VSF) has announced its official launch today, signaling a significant turning point in the development of the digital
The Saudi Ministry of Culture unveiled a national “metaverse” platform featuring cultural attractions and live events, accessible via Mobile XR on various devices, merging cultural heritage with digital developments. The Metaverse program was launched by the Saudi Ministry of Culture
The Supreme People’s Procuratorate’s prosecutors stated that because cybercrimes have been more common in recent years, prosecutorial authorities have stepped up their efforts to combat them, particularly those that violate children’s rights. In a press conference hosted by China’s Supreme
Raising its assets to $425 million, Hack VC successfully closes $150 million for its Venture Fund 1, focusing on web3 and AI firms in their early stages. The fund intends to invest in web3-AI integration, security, and DeFi. According to
According to a recent JPMorgan poll, institutional investors are increasingly leaning towards artificial intelligence to shape the future of trading, with 61% of respondents anticipating AI and machine learning to become the key technologies in the next three years. This
Hedera Protocol recently announced the establishment of a $250 million fund dedicated to DeepTech. The objective is to promote web3 education and encourage its adoption in Saudi Arabia. An X announcement disclosed that the partnership will span five years. Between
Vitalik Buterin has examined the mechanics of artificial intelligence’s incorporation into cryptocurrency and outlined its opportunities and challenges. Vitalik Buterin, the co-founder of Ethereum, spelled out four ways that cryptocurrency and artificial intelligence (AI) may overlap, finding some potential use
In a landmark decision, the United Arab Emirates President, Sheikh Mohamed bin Zayed Al Nahyan, announced the formation of the Artificial Intelligence and Advanced Technology Council (AIATC). In his capacity as Ruler of Abu Dhabi, the UAE President has issued
The Chinese Ministry of Industry and Information (MIIT) has assembled a team from universities and leading tech firms in that country to set up standards to support the development of the metaverse industry. The team has been mandated to build,
Cartesi’s Jathin Jagannath highlights regulatory challenges hindering web3 growth in Africa, stressing the need for clarity to spur adoption and innovation in the continent’s digital landscape. Jathin Jagnnath, Cartesi’s developer advocate, expressed the need for improved digital literacy. He stressed
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
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