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
Worldcoin, the cryptocurrency startup co-founded by OpenAI CEO Sam Altman, has ceased its Orb-verification services in India, Brazil, and France. This decision comes after the company’s rapid global expansion, raising questions about regulatory compliance and public safety issues associated with
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
Megadeth ventures into the digital realm by introducing a nonfungible token (NFT) collection. This initiative, led by the band’s mascot, Vic Rattlehead, mixed music and digital technology into the metaverse. In a recent announcement, Dave Mustaine of Megadeth emphasized that
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
According to a recent report, OpenAI, the company behind ChatGPT, is experiencing a significant leadership shakeup. The board’s decision to fire CEO Sam Altman, followed by co-founder and president Greg Brockman’s resignation, sent shockwaves across the tech community. These revelations
Moody’s Analytics has stepped into the forefront of financial innovation with a new service that utilizes artificial intelligence to predict the likelihood of stablecoin depeggings within a day’s notice. This pioneering approach, nestled within Moody’s Digital Asset Monitor (DAM), delivers
Abu Dhabi has legalized decentralized autonomous organizations (DAOs), rolling out a comprehensive distributed ledger technology (DLT) framework. This progressive step not only lays the groundwork for Web3 entities to flourish with legal clarity but also empowers them with the authority
Neom, the ambitious urban development initiative in Saudi Arabia, is deepening its foray into the digital world. Through a strategic investment and alliance with Animoca Brands, a recognized leader in blockchain gaming and the metaverse, Neom aims to leverage blockchain
Amidst the rising tide of digital innovation, China Daily, backed by the Publicity Department of the Chinese Communist Party, has unveiled its initiative in the NFT domain. However, a closer look suggests that merging ancient civilizations with modern digital technology
Spearheaded by acclaimed author Neal Stephenson, Lamina1 will host the Open Metaverse Discovery Month in October. The event is intended to immerse participants in interactive workshops designed specifically for Unity and Unreal Engine developers. Moreover, Creator Competitions will allow individuals
Improbable, the London-based outfit that develops infrastructure for virtual worlds in gaming, academia, and business, said it reduced losses by £131 million [~$160 million] last year following its decision to focus on building technology for the metaverse. According to the
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