Metaverse already needs competition scrutiny, says EU antitrust chief
The Metaverse could be next in EU competition regulators' crosshairs, said antitrust chief Margrethe Vestager on Thursday — with concerns about Meta's dominance at the top of the docket. It's already time for us to start asking what healthy competition would look like in the metaverse.
Vestager noted that there is already a political debate about the attention paid to digital markets, with all jurisdictions moving forward at different speeds. "We will not get the same legal framework," she said, adding: "And maybe that is not a bad thing. Because that will allow us to hone our toolkits in the process of mutual learning.". Meta, formerly Facebook, has made an audacious play to grab market share in this emerging tech area, putting billions on the line to develop hardware and software.
The Metaverse could be next in EU competition regulators' crosshairs, said antitrust chief Margrethe Vestager on Thursday — with concerns about Meta's dominance at the top of the docket. It's already time for us to start asking what healthy competition would look like in the metaverse.
Vestager noted that there is already a political debate about the attention paid to digital markets, with all jurisdictions moving forward at different speeds. "We will not get the same legal framework," she said, adding: "And maybe that is not a bad thing. Because that will allow us to hone our toolkits in the process of mutual learning.". Meta, formerly Facebook, has made an audacious play to grab market share in this emerging tech area, putting billions on the line to develop hardware and software.
🔫 ‘Digital twin’ tech is twice as great as the metaverse
Facebook went all in on the “metaverse” a year and a half ago. The company changed its name to Meta and started pumping a billion dollars a month into a Hail Maryboondoggle to achieve relevance in the post-social world to come. Now Meta finds itself entering a “metaverse winter”. The metaverse isn’t a set of technologies; it’s a vision about future human culture. It’s about what product companies and the public might do with a set of technologies — mainly live and work in virtual spaces and play in virtual worlds. Apple has been developing what it calls “extended reality” hardware for two decades, and is now expected to roll out its first goggles later this year. The glasses will be virtual reality (VR) capable, but Apple will emphasize augmented reality (AR).
Facebook went all in on the “metaverse” a year and a half ago. The company changed its name to Meta and started pumping a billion dollars a month into a Hail Maryboondoggle to achieve relevance in the post-social world to come. Now Meta finds itself entering a “metaverse winter”. The metaverse isn’t a set of technologies; it’s a vision about future human culture. It’s about what product companies and the public might do with a set of technologies — mainly live and work in virtual spaces and play in virtual worlds. Apple has been developing what it calls “extended reality” hardware for two decades, and is now expected to roll out its first goggles later this year. The glasses will be virtual reality (VR) capable, but Apple will emphasize augmented reality (AR).
Community Cries Fraud Following Closure of WazirX NFT Marketplace
The crypto community has lashed out at the WazirX’s unannounced closure of its non-fungible token (NFT) marketplace. WazirX faced the wrath of the artist community after it decided to sunset the NFT marketplace without consulting stakeholders.
The frustrated community members lashed out, saying they would boycott future products from the co-founders Nischal Shetty and Sandesh Suvarna. WazirX announced the closing down of the marketplace due to low volume and traction. The platform further claimed that in the past month, there were only 71 unique active wallets, 354 transactions, and a volume of some $112. When the community discovered the sunset message on the website, they criticized the team for not maintaining proper communication.
The crypto community has lashed out at the WazirX’s unannounced closure of its non-fungible token (NFT) marketplace. WazirX faced the wrath of the artist community after it decided to sunset the NFT marketplace without consulting stakeholders.
The frustrated community members lashed out, saying they would boycott future products from the co-founders Nischal Shetty and Sandesh Suvarna. WazirX announced the closing down of the marketplace due to low volume and traction. The platform further claimed that in the past month, there were only 71 unique active wallets, 354 transactions, and a volume of some $112. When the community discovered the sunset message on the website, they criticized the team for not maintaining proper communication.
🥰1
📣 Emmy-Winning, Disney-Backed Baobab Studios Launches ‘Momoguro’ Ethereum NFTs
Hollywood’s Baobab Studios has won nine Emmy Awards for its short films and virtual reality (VR) experiences. Now, they’re branching out into the world of Web3 with a family-friendly project called “Momoguro” and an accompanying Ethereum NFT collection. Created by multimedia director and animator Martin Allais and writer-director Nico Cassavecchia, Momoguro is a colorful fantasy world where creatures called “Momos” can fuse together to form hybrid characters. Momoguro is releasing NFTs as well as a NFT roleplay game (RPG) where players can go on “quests” across a world called the Uno Plane to combine Momos. The franchise is minting its genesis NFTs for 0.22 ETH apiece (about $365) Thursday, which are “Holoselves” players can adopt.
Hollywood’s Baobab Studios has won nine Emmy Awards for its short films and virtual reality (VR) experiences. Now, they’re branching out into the world of Web3 with a family-friendly project called “Momoguro” and an accompanying Ethereum NFT collection. Created by multimedia director and animator Martin Allais and writer-director Nico Cassavecchia, Momoguro is a colorful fantasy world where creatures called “Momos” can fuse together to form hybrid characters. Momoguro is releasing NFTs as well as a NFT roleplay game (RPG) where players can go on “quests” across a world called the Uno Plane to combine Momos. The franchise is minting its genesis NFTs for 0.22 ETH apiece (about $365) Thursday, which are “Holoselves” players can adopt.
🖼 Coinbase ‘Iterating Quickly’ on NFT Marketplace Despite Lackluster Rollout: Protocols Head
oinbase, the decade-old publicly traded crypto company, product innovation may not be the first thing that comes to mind. At ETH Denver, however, Coinbase head of protocols Jesse Pollak says the company aims to change that. Coinbase—the largest cryptocurrency exchange in the United States—launched Base. In January, Coinbase added new features to its Coinbase Wallet, including transaction previews, token approval alerts, a blocklist of flagged dApps, and a spam token manager that automatically hides malicious airdrops. In April 2022, Coinbase launched an NFT marketplace that did not catch on as strongly as the company had hoped. The first version of the product didn’t work as well as well as we’d like to,” Pollak said. “But we’ve been iterating quickly on that over the last year, and I think we’re seeing a lot more signs of life and a lot more growth there.
oinbase, the decade-old publicly traded crypto company, product innovation may not be the first thing that comes to mind. At ETH Denver, however, Coinbase head of protocols Jesse Pollak says the company aims to change that. Coinbase—the largest cryptocurrency exchange in the United States—launched Base. In January, Coinbase added new features to its Coinbase Wallet, including transaction previews, token approval alerts, a blocklist of flagged dApps, and a spam token manager that automatically hides malicious airdrops. In April 2022, Coinbase launched an NFT marketplace that did not catch on as strongly as the company had hoped. The first version of the product didn’t work as well as well as we’d like to,” Pollak said. “But we’ve been iterating quickly on that over the last year, and I think we’re seeing a lot more signs of life and a lot more growth there.
🟠 Bicasso Launched By Binance Initiated A Competitive Race On AI
Binance announced the beta release of the AI-driven NFT generator “Bicasso” on March 1. Users may submit images and provide keywords to produce NFTs using AI computations. The 10,000 NFT casting cap was destroyed seconds after the news was announced. Indeed, generative artificial intelligence has become a popular trend since the phenomenon-level application ChatGPT opened up the AI application market sector. Binance, the world’s largest cryptocurrency exchange, created Bicasso, an AI art creator. The seamless NFT minting capability of Bicasso sets it apart from other AI art producers. Thus, once you’ve finished your masterpiece, you can mint it as an NFT and commercialize it. Formerly, creating art and minting it as an NFT were two separate operations that required two different platforms and a lot of time.
Binance announced the beta release of the AI-driven NFT generator “Bicasso” on March 1. Users may submit images and provide keywords to produce NFTs using AI computations. The 10,000 NFT casting cap was destroyed seconds after the news was announced. Indeed, generative artificial intelligence has become a popular trend since the phenomenon-level application ChatGPT opened up the AI application market sector. Binance, the world’s largest cryptocurrency exchange, created Bicasso, an AI art creator. The seamless NFT minting capability of Bicasso sets it apart from other AI art producers. Thus, once you’ve finished your masterpiece, you can mint it as an NFT and commercialize it. Formerly, creating art and minting it as an NFT were two separate operations that required two different platforms and a lot of time.
📣 Deloitte helps brands deliver metaverse experiences
Global audit and advisory firm Deloitte has launched an immersive experience platform in partnership with technology provider Vatom. The two companies have created a tangible experience to enable brands (and other businesses) to build virtual spaces for their customers, partners and employees. In essence, they have made the Metaverse accessible. The first instance of this solution is Deloitte's "Mirror World," an immersive experience created for Mobile World Congress 2023. With "Mirror World," Deloitte booth visitors, as well as those not attending the event, will be able to speak with Deloitte subject matter specialists and learn more about AI-meets-metaverse use cases including a holistic, exclusive experience for luxury watch connoisseurs, containing digital collectables. a demonstration of how data digital twins of machines can be fed real time data to analyse the current state of a manufacturing operation and immersive soft skills learning for managers.
Global audit and advisory firm Deloitte has launched an immersive experience platform in partnership with technology provider Vatom. The two companies have created a tangible experience to enable brands (and other businesses) to build virtual spaces for their customers, partners and employees. In essence, they have made the Metaverse accessible. The first instance of this solution is Deloitte's "Mirror World," an immersive experience created for Mobile World Congress 2023. With "Mirror World," Deloitte booth visitors, as well as those not attending the event, will be able to speak with Deloitte subject matter specialists and learn more about AI-meets-metaverse use cases including a holistic, exclusive experience for luxury watch connoisseurs, containing digital collectables. a demonstration of how data digital twins of machines can be fed real time data to analyse the current state of a manufacturing operation and immersive soft skills learning for managers.
Amazon is building the architecture to allow customers the ability to purchase NFTs tied to real-world assets that are delivered to their doorsteps.
And according to Blockworks, the company is planning to notify every Amazon Prime customer — at least in the US — of its digital collectibles initiative once it goes live.
And according to Blockworks, the company is planning to notify every Amazon Prime customer — at least in the US — of its digital collectibles initiative once it goes live.
⚪️ Huobi Commits To Dominica Metaverse’s Digital Identity Project With Full Force
Huobi, a virtual asset exchange platform, recently announced its partnership with TRON and DMC Labs to support implementing the Dominica Digital Identity (DDID) project. Huobi will act as a virtual asset exchange partner as part of this collaboration, fully supporting the project’s development. Justin Sun, a Huobi’s Global Advisory Committee member, previously mentioned that digital identification (DID) is the next trend in the development of the crypto industry. He believes that more countries and regions will establish identification systems in the future digital form. With this partnership, starting with Dominica, Huobi aims to promote future cooperation with other countries and regions.TRON also announced its partnership with Dominica, leading the development of the Dominica metaverse digital identity project.
Huobi, a virtual asset exchange platform, recently announced its partnership with TRON and DMC Labs to support implementing the Dominica Digital Identity (DDID) project. Huobi will act as a virtual asset exchange partner as part of this collaboration, fully supporting the project’s development. Justin Sun, a Huobi’s Global Advisory Committee member, previously mentioned that digital identification (DID) is the next trend in the development of the crypto industry. He believes that more countries and regions will establish identification systems in the future digital form. With this partnership, starting with Dominica, Huobi aims to promote future cooperation with other countries and regions.TRON also announced its partnership with Dominica, leading the development of the Dominica metaverse digital identity project.
🖼 NFT TwelveFold Auction Opened, Over 200 Wallets Ready
Up to now, 223 wallets have participated in the TwelveFold auction – the first Bitcoin NFT collection of the Yuga Labs house. Out of 300 NFTs launched, 288 were sold as a 24-hour auction; the rest went to project and charity contributors. Users need 2 Bitcoin wallet addresses to participate, one to send BTC to the auction and one to receive NFT after the event. According to a recent tweet by Yuga Labs, the auction for its first Bitcoin NFT collection, TwelveFold, began on March 5 at 3:00 pm. The auction will last for 24 hours until March 6 at 3 pm. Up to now, 223 wallets have participated in the TwelveFold auction. Results will be based on the last Bitcoin block before 3:00 pm on March 6. If the previous block occurs at 2:57 pm that day, any bids after that will be ignored even if they were submitted beforehand. There are currently no guidelines and starting prices for the sale. Out of 300 NFTs launched, 288 were sold as a 24-hour auction, and the rest went to project and charity contributors.
Up to now, 223 wallets have participated in the TwelveFold auction – the first Bitcoin NFT collection of the Yuga Labs house. Out of 300 NFTs launched, 288 were sold as a 24-hour auction; the rest went to project and charity contributors. Users need 2 Bitcoin wallet addresses to participate, one to send BTC to the auction and one to receive NFT after the event. According to a recent tweet by Yuga Labs, the auction for its first Bitcoin NFT collection, TwelveFold, began on March 5 at 3:00 pm. The auction will last for 24 hours until March 6 at 3 pm. Up to now, 223 wallets have participated in the TwelveFold auction. Results will be based on the last Bitcoin block before 3:00 pm on March 6. If the previous block occurs at 2:57 pm that day, any bids after that will be ignored even if they were submitted beforehand. There are currently no guidelines and starting prices for the sale. Out of 300 NFTs launched, 288 were sold as a 24-hour auction, and the rest went to project and charity contributors.
🖼 AI Artist Claire Silver to Show NFT Collection at Louvre
Claire Silver, an artist who utilizes artificial intelligence across her non-fungible token (NFT) projects, is set to debut her new collection at the Louvre Museum in Paris later this month. Her new collection, titled "can i tell you a secret," is an "autobiographical series of 100 post-photography pieces created with AI," Variety first reported. The Louvre exhibition begins on March 21 and will be facilitated by Superchief Gallery, a physical gallery space in New York and Los Angeles that exhibits NFTs. In addition to her new collection debut, a one-of-one NFT artwork titled “Love in the 4th Turning” will exhibit at the Louvre. According to the piece's description, its concept was based on the Strauss-Howe generational theory, which posits that "there is a recurring generational cycle of archetypes throughout history." The piece is available on OpenSea, and at the time of writing, the top bid stands at 44.44 wrapped ether, or $68,677.
Claire Silver, an artist who utilizes artificial intelligence across her non-fungible token (NFT) projects, is set to debut her new collection at the Louvre Museum in Paris later this month. Her new collection, titled "can i tell you a secret," is an "autobiographical series of 100 post-photography pieces created with AI," Variety first reported. The Louvre exhibition begins on March 21 and will be facilitated by Superchief Gallery, a physical gallery space in New York and Los Angeles that exhibits NFTs. In addition to her new collection debut, a one-of-one NFT artwork titled “Love in the 4th Turning” will exhibit at the Louvre. According to the piece's description, its concept was based on the Strauss-Howe generational theory, which posits that "there is a recurring generational cycle of archetypes throughout history." The piece is available on OpenSea, and at the time of writing, the top bid stands at 44.44 wrapped ether, or $68,677.
OKXNFT Maketplace Has Released The Bitcoin Ordinal NFT Collection With Over 3500 Items
The initial byte-perfect uploads of the original Ethereum CryptoPunks into the Bitcoin Blockchain are referred to as Bitcoin Punks. Ordinals are used in this process. The NFT Collection has a starting price of 1.09 ETH and a total of 3,500 pieces. At this point, the collection has over 1,500 owners, and the trading volume recorded has reached 5,430 ETH.
The first Bitcoin Ordinal NFT collection has been released, as was recently announced by OKXNFT maketplace. For placing orders or trading BTCNFT, you can use ETH or any other ERC20 coin. OKX has said that the BTCNFT that is listed is a genuine NFT that has been validated by OKX. OKX has also stated that an item may be withdrawn to the BTC wallet by using EmblemVault. The Collection has a floor price of 1.09 ETH and comprises 3,500 items.
The initial byte-perfect uploads of the original Ethereum CryptoPunks into the Bitcoin Blockchain are referred to as Bitcoin Punks. Ordinals are used in this process. The NFT Collection has a starting price of 1.09 ETH and a total of 3,500 pieces. At this point, the collection has over 1,500 owners, and the trading volume recorded has reached 5,430 ETH.
The first Bitcoin Ordinal NFT collection has been released, as was recently announced by OKXNFT maketplace. For placing orders or trading BTCNFT, you can use ETH or any other ERC20 coin. OKX has said that the BTCNFT that is listed is a genuine NFT that has been validated by OKX. OKX has also stated that an item may be withdrawn to the BTC wallet by using EmblemVault. The Collection has a floor price of 1.09 ETH and comprises 3,500 items.