There is a bipartisan push amongst lawmakers to ban TikTok in the US, and TikTok's CEO Shou Zi Chew flew to Washington DC to provide assurances to their concerns.
The only problem is that members of the Congress weren't convinced.
Marc Veasey (D-Texas) called Chew's assurances "worthless."
TikTok, who paid for Influencers to attend the Pro-TikTok Rally in DC – is in serious danger of being banned in the United States.
The only problem is that members of the Congress weren't convinced.
Marc Veasey (D-Texas) called Chew's assurances "worthless."
TikTok, who paid for Influencers to attend the Pro-TikTok Rally in DC – is in serious danger of being banned in the United States.
📣 Metaverse NFT Trading Volume Hit New All-Time High, DappRadar Says
Non-fungible token (NFT) trading increased across virtual worlds in the first quarter of 2023, according to a DappRadar report published Thursday, totaling $311 million so far this year. According to the report, virtual land trading reached an all-time high this past quarter with 147,000 trades, thanks to platforms such as Yuga Labs'. Otherdeed NFTs, which are linked to land in the Otherside metaverse, registered $222 million in trading volume in the first quarter – a 237% increase from the previous quarter. According to the report, one Otherdeed NFT sold for 186 ETH (about $2.85 million at the time) – the highest recorded sale for virtual land last quarter. Earlier this month, Yuga Labs announced the official date of its "Second Trip" for holders of Otherdeed NFTs, which likely contributed to its uptick. "The NFT whales decided to farm [virtual] land, especially the MG Land project, which is an NFT collection."
Non-fungible token (NFT) trading increased across virtual worlds in the first quarter of 2023, according to a DappRadar report published Thursday, totaling $311 million so far this year. According to the report, virtual land trading reached an all-time high this past quarter with 147,000 trades, thanks to platforms such as Yuga Labs'. Otherdeed NFTs, which are linked to land in the Otherside metaverse, registered $222 million in trading volume in the first quarter – a 237% increase from the previous quarter. According to the report, one Otherdeed NFT sold for 186 ETH (about $2.85 million at the time) – the highest recorded sale for virtual land last quarter. Earlier this month, Yuga Labs announced the official date of its "Second Trip" for holders of Otherdeed NFTs, which likely contributed to its uptick. "The NFT whales decided to farm [virtual] land, especially the MG Land project, which is an NFT collection."
🔫 Animoca Brands Denies Reports Of $200M Metaverse Fund Cut, Valuation Unaffected
Animoca Brands, the venture capital firm and Web3 game developer, has recently refuted claims made by anonymous sources that it scaled back its Metaverse fund target by $200 million, or 20% to $800 million, due to volatility in the crypto market and instability in the banking sector. Animoca also downplayed suggestions that its valuation has plummeted from $6 billion. The Metaverse fund was announced in November 2022, with the goal of allocating capital to mid to late-stage startups with a Metaverse focus. At the time, Animoca co-founder and chairman Yat Siu outlined that the fund target was between $1 billion to $2 billion, depending on how much capital was raised.Animoca Brands has stated that “the claim that the Animoca Capital fund target was ‘cut’ from $2 billion to $1 billion is not correct, because $1 billion has always been within the range declared.”.
Animoca Brands, the venture capital firm and Web3 game developer, has recently refuted claims made by anonymous sources that it scaled back its Metaverse fund target by $200 million, or 20% to $800 million, due to volatility in the crypto market and instability in the banking sector. Animoca also downplayed suggestions that its valuation has plummeted from $6 billion. The Metaverse fund was announced in November 2022, with the goal of allocating capital to mid to late-stage startups with a Metaverse focus. At the time, Animoca co-founder and chairman Yat Siu outlined that the fund target was between $1 billion to $2 billion, depending on how much capital was raised.Animoca Brands has stated that “the claim that the Animoca Capital fund target was ‘cut’ from $2 billion to $1 billion is not correct, because $1 billion has always been within the range declared.”.
📣 Nvidia to offer metaverse services under partnership deal with Microsoft
Nvidia (NASDAQ: NVDA) has announced that it will be teaming up with Microsoft (NASDAQ: MSFT) to offer firms building in the metaverse a range of services that will assist in building realistic virtual worlds. Nvidia CEO Jensen Huang broke the news to attendees of the firm’s GTC developer conference, saying the collaboration would open the door to endless possibilities. The alliance will also see the integration between Nvidia’s Omniverse and Microsoft 365 programs like Teams and OneDrive, which Huang says will allow deeper cooperation between developers. In his speech, Huang hinted that the services provided by Microsoft and Nvidia to developers would be paid for, but details of its pricing were not revealed. The announcement was greeted with enthusiasm among attendees, resulting in BMW (NASDAQ: BMWYY) board member Milan Nedeljković stating that the automobile manufacturer will be using the service in its upcoming virtual factory.
Nvidia (NASDAQ: NVDA) has announced that it will be teaming up with Microsoft (NASDAQ: MSFT) to offer firms building in the metaverse a range of services that will assist in building realistic virtual worlds. Nvidia CEO Jensen Huang broke the news to attendees of the firm’s GTC developer conference, saying the collaboration would open the door to endless possibilities. The alliance will also see the integration between Nvidia’s Omniverse and Microsoft 365 programs like Teams and OneDrive, which Huang says will allow deeper cooperation between developers. In his speech, Huang hinted that the services provided by Microsoft and Nvidia to developers would be paid for, but details of its pricing were not revealed. The announcement was greeted with enthusiasm among attendees, resulting in BMW (NASDAQ: BMWYY) board member Milan Nedeljković stating that the automobile manufacturer will be using the service in its upcoming virtual factory.
NFT Sales Drop 5.4% to $193M, Ethereum Dominates with $107M in Sales
Over the past week, statistics show non-fungible token (NFT) sales totaled $193.08 million, down 5.44% from the previous week. Ethereum dominated NFT sales with more than $107 million or 55% of all sales, while Solana-centric NFT sales recorded $26.3 million or 13% of sales in the same period. Non-fungible token sales, or NFT sales, fell 5.44% this week compared to last week, with $193.08 million in sales recorded across 19 different blockchains.
Solana’s NFT sales increased by 37.16% this week, while Cardano’s NFT sales jumped 44.27% higher than the previous week. However, Ethereum, Polygon, and Immutable X NFT sales all saw losses compared to last week’s sales. Ethereum dominates NFT sales with 55%.
Over the past week, statistics show non-fungible token (NFT) sales totaled $193.08 million, down 5.44% from the previous week. Ethereum dominated NFT sales with more than $107 million or 55% of all sales, while Solana-centric NFT sales recorded $26.3 million or 13% of sales in the same period. Non-fungible token sales, or NFT sales, fell 5.44% this week compared to last week, with $193.08 million in sales recorded across 19 different blockchains.
Solana’s NFT sales increased by 37.16% this week, while Cardano’s NFT sales jumped 44.27% higher than the previous week. However, Ethereum, Polygon, and Immutable X NFT sales all saw losses compared to last week’s sales. Ethereum dominates NFT sales with 55%.
📣 Wassies NFT Prices Surge as Crypto Twitter Lore-Themed Hotel Opens in Singapore
A boutique hotel themed after a beloved Crypto Twitter character opened doors in Singapore today, sending floor prices of the By Wassies non-fungible token (NFT) collection up by over 20% compared to the weekend. Hotel by Wassies, themed after the popular ‘Wassie by Wassies’ NFT collection, is located at 5 Hongkong Street in Singapore. The 6-floor hotel features 55 rooms, with 49 rooms furnished in shades of Wassie-themed purple and six "Wassies & Friends"-themed rooms that will feature art made in collaboration with other projects. Creators say the hotel is a way to popularize the Wassie brand among the general populace. “Hotel byWassies is a smol Wassie step in bringing crypto culture into the real world, as we continue to look for ways to deploy the byWassies brand IP in all shapes and forms,” a regional Twitter account of the Wassie collection said. A room at the Wassie hotel is listed for $129 as of Monday, the Wassie site shows.
A boutique hotel themed after a beloved Crypto Twitter character opened doors in Singapore today, sending floor prices of the By Wassies non-fungible token (NFT) collection up by over 20% compared to the weekend. Hotel by Wassies, themed after the popular ‘Wassie by Wassies’ NFT collection, is located at 5 Hongkong Street in Singapore. The 6-floor hotel features 55 rooms, with 49 rooms furnished in shades of Wassie-themed purple and six "Wassies & Friends"-themed rooms that will feature art made in collaboration with other projects. Creators say the hotel is a way to popularize the Wassie brand among the general populace. “Hotel byWassies is a smol Wassie step in bringing crypto culture into the real world, as we continue to look for ways to deploy the byWassies brand IP in all shapes and forms,” a regional Twitter account of the Wassie collection said. A room at the Wassie hotel is listed for $129 as of Monday, the Wassie site shows.
Vault Hill City Metaverse launches it’s first PC build
Vault Hill's goal is to bring the first-ever human-centric metaverse, and now, they are bringing this experience to everyone. With this year dedicated to Vault Hill's devoted community, they are offering the necessary tools to build, expand, and flourish in the metaverse, following their successful community-exclusive Virtual land (VLAND) sale.
For the first time, Vault Hill City (VHC) is now available as a downloadable application, which can launch on a PC/Laptop. Install the application and start exploring, building, interacting, and playing in the first human-centric metaverse. Not only this, but the new product release also includes a NO CODE building tool! If someone has purchased a virtual land in the VHC metaverse, go ahead and customize the installation inside out and add selected assets and decorations without writing a single code line.
Vault Hill's goal is to bring the first-ever human-centric metaverse, and now, they are bringing this experience to everyone. With this year dedicated to Vault Hill's devoted community, they are offering the necessary tools to build, expand, and flourish in the metaverse, following their successful community-exclusive Virtual land (VLAND) sale.
For the first time, Vault Hill City (VHC) is now available as a downloadable application, which can launch on a PC/Laptop. Install the application and start exploring, building, interacting, and playing in the first human-centric metaverse. Not only this, but the new product release also includes a NO CODE building tool! If someone has purchased a virtual land in the VHC metaverse, go ahead and customize the installation inside out and add selected assets and decorations without writing a single code line.
🆘 Disney Laid Off 50 Metaverse Division Employees In A Large Job Cut
Walt Disney has slashed its metaverse division in light of the company’s lack of growth trends. According to a note to staff from Chief Executive Robert Iger obtained by The Wall Street Journal, the entertainment firm will tell employees whose roles would be impacted in the first wave of job layoffs this week. Disney has disbanded its team for next-generation storytelling and consumer experiences. According to sources close to the issue, this tiny division was researching metaverse tactics as part of a larger restructuring that is planned to slash employment by roughly 7,000 throughout the corporation over the next two months. The metaverse division, led by Mike White, a former Disney consumer-products executive, was entrusted with figuring out how to convey interactive tales in new technology forms utilizing the company’s vast intellectual property portfolio. According to the sources, all 50 members of the team had lost their employment. White is still employed by the corporation, albeit his new job is unknown.
Walt Disney has slashed its metaverse division in light of the company’s lack of growth trends. According to a note to staff from Chief Executive Robert Iger obtained by The Wall Street Journal, the entertainment firm will tell employees whose roles would be impacted in the first wave of job layoffs this week. Disney has disbanded its team for next-generation storytelling and consumer experiences. According to sources close to the issue, this tiny division was researching metaverse tactics as part of a larger restructuring that is planned to slash employment by roughly 7,000 throughout the corporation over the next two months. The metaverse division, led by Mike White, a former Disney consumer-products executive, was entrusted with figuring out how to convey interactive tales in new technology forms utilizing the company’s vast intellectual property portfolio. According to the sources, all 50 members of the team had lost their employment. White is still employed by the corporation, albeit his new job is unknown.
📣 Square Enix is releasing a set of Final Fantasy 7 NFT trading cards
Square Enix has announced that it will be releasing a set of Final Fantasy VII trading cards that will include NFTs. The collection, which is called Final Fantasy VII Anniversary Art Museum: Digital Card Plus, consists of 207 cards. Each pack, which costs ¥440 ($3.30), contains six physical trading cards as well as one ‘digital exchange card’. This can then be redeemed for an NFT version of a card. NFTs are unique non-interchangeable units of data stored on a blockchain (a form of digital ledger), which effectively allow users to buy and sell digital products like in-game items or artwork. Much like the previously announced Digital Plus Edition action figure of Cloud Strife, which will also come with an NFT version of the figure, those who buy the cards and want to redeem their digital one will have to create an account with NFT platform Enjin and download their Enjin Wallet app. Square Enix notes that “there is no upper limit” to the number of NFT cards that can be redeemed.
Square Enix has announced that it will be releasing a set of Final Fantasy VII trading cards that will include NFTs. The collection, which is called Final Fantasy VII Anniversary Art Museum: Digital Card Plus, consists of 207 cards. Each pack, which costs ¥440 ($3.30), contains six physical trading cards as well as one ‘digital exchange card’. This can then be redeemed for an NFT version of a card. NFTs are unique non-interchangeable units of data stored on a blockchain (a form of digital ledger), which effectively allow users to buy and sell digital products like in-game items or artwork. Much like the previously announced Digital Plus Edition action figure of Cloud Strife, which will also come with an NFT version of the figure, those who buy the cards and want to redeem their digital one will have to create an account with NFT platform Enjin and download their Enjin Wallet app. Square Enix notes that “there is no upper limit” to the number of NFT cards that can be redeemed.
Elon Musk, Emad Mostaque, Andrew Yang and several other leaders have called for a temporary pause on training systems exceeding the power GPT-4.
The petition states that the pause should be public and verifiable, and include all key actors. If such a pause cannot be enacted quickly, governments should step in and institute a moratorium.
According to the letter:
Humanity can enjoy a flourishing future with AI. Having succeeded in creating powerful AI systems, we can now enjoy an "AI summer" in which we reap the rewards, engineer these systems for the clear benefit of all, and give society a chance to adapt. Society has hit pause on other technologies with potentially catastrophic effects on society.
The petition states that the pause should be public and verifiable, and include all key actors. If such a pause cannot be enacted quickly, governments should step in and institute a moratorium.
According to the letter:
Humanity can enjoy a flourishing future with AI. Having succeeded in creating powerful AI systems, we can now enjoy an "AI summer" in which we reap the rewards, engineer these systems for the clear benefit of all, and give society a chance to adapt. Society has hit pause on other technologies with potentially catastrophic effects on society.
📣 Sony PSVR2 Headset Off to Slow Start as Metaverse Push Sputters
Sony Group Corp. is projected to sell fewer than 300,000 PlayStation VR2 headsets in its first weeks on the market, a slow start to the company’s efforts to take a leading role in the development of the metaverse. The Tokyo-based console maker is likely to sell around 270,000 units of the PSVR 2 between February 22nd and the end of March, according to estimates by research firm IDC. The headset is a fundamental part of Sony’s strategy to create a metaverse where people can do more than just play video games. But the conceptual 3D virtual environment that inspired Mark Zuckerberg to launch his company Meta Platforms Inc. has yet to pay off the industry’s heavy investment in hardware and software. Sony President and CEO Kenichiro Yoshida made the Metaverse a growth tentpole for Sony, as has Meta, and the company’s in-house game studio to help rapidly introduce new headsets that are VR-compliant. Developing games. has not come true. “VR headsets are not top of mind for most consumers under the current economic climate.”
Sony Group Corp. is projected to sell fewer than 300,000 PlayStation VR2 headsets in its first weeks on the market, a slow start to the company’s efforts to take a leading role in the development of the metaverse. The Tokyo-based console maker is likely to sell around 270,000 units of the PSVR 2 between February 22nd and the end of March, according to estimates by research firm IDC. The headset is a fundamental part of Sony’s strategy to create a metaverse where people can do more than just play video games. But the conceptual 3D virtual environment that inspired Mark Zuckerberg to launch his company Meta Platforms Inc. has yet to pay off the industry’s heavy investment in hardware and software. Sony President and CEO Kenichiro Yoshida made the Metaverse a growth tentpole for Sony, as has Meta, and the company’s in-house game studio to help rapidly introduce new headsets that are VR-compliant. Developing games. has not come true. “VR headsets are not top of mind for most consumers under the current economic climate.”
🖼 Argentine Airlines Has Announced To Released The Very First NFT Flight Ticket “Ticket 3.0”
According to Flybondi, non-flexible ticketing options provide travelers with a more adaptable travel experience and even enable travellers to purchase tickets in advance without first having to determine their itinerary. Flybondi, a low-cost airline based in Argentina, is now in the process of integrating Web3 into its ticketing system by issuing electronic tickets in the form of a non-fungible token. Ticket 3.0 is the name given to the recently disclosed integration. Passengers are able to modify their names, transfer, or sell their “NFTickets” independently thanks to the NFT ticketing platform, which was created on the Algorand blockchain. According to the Argentine Airlines, non-flexible ticketing options “offer a more flexible travel experience, allowing passengers to even purchase in advance without being required to specify their travel plans.” In result, the airline is able to lower the expenses associated with providing customer service and boost income from transaction fees.
According to Flybondi, non-flexible ticketing options provide travelers with a more adaptable travel experience and even enable travellers to purchase tickets in advance without first having to determine their itinerary. Flybondi, a low-cost airline based in Argentina, is now in the process of integrating Web3 into its ticketing system by issuing electronic tickets in the form of a non-fungible token. Ticket 3.0 is the name given to the recently disclosed integration. Passengers are able to modify their names, transfer, or sell their “NFTickets” independently thanks to the NFT ticketing platform, which was created on the Algorand blockchain. According to the Argentine Airlines, non-flexible ticketing options “offer a more flexible travel experience, allowing passengers to even purchase in advance without being required to specify their travel plans.” In result, the airline is able to lower the expenses associated with providing customer service and boost income from transaction fees.
Ticketmaster Introduces NFT Pre-Sale for Avenged Sevenfold Tour
Ticketmaster, the world’s leading ticketing company, is again exploring the potential of non-fungible tokens (NFTs). NFTs are digital assets that represent ownership of unique items, such as digital art or collectibles. This time, Ticketmaster has integrated cryptocurrency wallets to offer exclusive access and discounts to certain token holders for the upcoming Avenged Sevenfold tour. This significant move enables Ticketmaster to offer exclusive benefits to certain customers and create a sense of exclusivity.
Ticketmaster, the world’s leading ticketing company, is again exploring the potential of non-fungible tokens (NFTs). NFTs are digital assets that represent ownership of unique items, such as digital art or collectibles. This time, Ticketmaster has integrated cryptocurrency wallets to offer exclusive access and discounts to certain token holders for the upcoming Avenged Sevenfold tour. This significant move enables Ticketmaster to offer exclusive benefits to certain customers and create a sense of exclusivity.
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Perhaps you have thought about placing ads on it?
To do this, follow three simple steps:
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2) Top up the balance in a convenient way
3) Create an advertising post
If the topic of your post fits our channel, we will publish it with pleasure.
🔫 Disney Reportedly Axing Metaverse Division Amidst Company Restructuring
The metaverse division of Disney has apparently fallen victim to the latest round of layoffs announced by the company. Per reports from the Wall Street Journal citing people “familiar with the situation,” the whole next-generation storytelling and consumer-experience unit, comprised of 50 people, has been axed — this being part of the 7,000 layoffs. Disney, the well-known entertainment behemoth, seems to have lost interest in the metaverse. According to reports coming from the Wall Street Journal (WSJ), the metaverse unit of the company was wholly disintegrated in the latest round of layoffs that CEO Bob Iger announced on March 27. Disney’s headcount by 7,000, aiming to cut costs by $5.5 billion. In a memo sent to employees, Iger justified this move stating that it was “part of a strategic realignment of the company, including important cost-saving measures necessary for creating a more effective.
The metaverse division of Disney has apparently fallen victim to the latest round of layoffs announced by the company. Per reports from the Wall Street Journal citing people “familiar with the situation,” the whole next-generation storytelling and consumer-experience unit, comprised of 50 people, has been axed — this being part of the 7,000 layoffs. Disney, the well-known entertainment behemoth, seems to have lost interest in the metaverse. According to reports coming from the Wall Street Journal (WSJ), the metaverse unit of the company was wholly disintegrated in the latest round of layoffs that CEO Bob Iger announced on March 27. Disney’s headcount by 7,000, aiming to cut costs by $5.5 billion. In a memo sent to employees, Iger justified this move stating that it was “part of a strategic realignment of the company, including important cost-saving measures necessary for creating a more effective.
Bored Ape metaverse land sales dominance threatened by (what appears to be) wash trading
Sales for Bored Ape’s Otherdeed metaverse land NFTs — easily the hottest virtual property brand around — have been booming during the first quarter of this year, closing in on $120 million in volume. The rise in the collection's trading volume means Otherdeed tokens rank as the second-best-selling NFT collection during the first quarter of this year.
Wash trading is when assets are traded between wallets owned by the same individual or company.This month, however, sales volumes for a lesser-known collection, also tied to a nascent metaverse platform called MG Lands, have been holding their own; even outpacing Otherdeeds’ sales at one point. However, it appears MG Lands’ rapid ascendance from relative obscurity might be, instead of a feel-good business story, another case of artificial “wash” trading.
Sales for Bored Ape’s Otherdeed metaverse land NFTs — easily the hottest virtual property brand around — have been booming during the first quarter of this year, closing in on $120 million in volume. The rise in the collection's trading volume means Otherdeed tokens rank as the second-best-selling NFT collection during the first quarter of this year.
Wash trading is when assets are traded between wallets owned by the same individual or company.This month, however, sales volumes for a lesser-known collection, also tied to a nascent metaverse platform called MG Lands, have been holding their own; even outpacing Otherdeeds’ sales at one point. However, it appears MG Lands’ rapid ascendance from relative obscurity might be, instead of a feel-good business story, another case of artificial “wash” trading.
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📣 Ethereum Staking Provider Lido to Incorporate NFTs Into Unstaking Process
Lido, the largest decentralized finance (DeFi) protocol by total value locked, unveiled plans during its Node Operator Community Call #5 to release a non-fungible token (NFT) representing a user’s withdrawal request amount as part of the process of unstaking their ether (ETH). These withdrawals will be enabled after the Ethereum blockchain undergoes its next major upgrade. Ether withdrawals on Lido, where users can unstake their stETH and receive ETH at a 1:1 ratio, will have two steps: request and claim, according to Mariya Muzyko, product manager at Lido, during the call Tuesday afternoon. Once a user requests a withdrawal, they will receive a Lido-issued NFT representing their withdrawal request. The user can then use the NFT to claim their ETH rewards. The NFT is burned after the user redeems and claims their ETH. Lido was the first to provide access to liquidity to ETH holders who wanted to stake their tokens by issuing a derivative token, stETH.
Lido, the largest decentralized finance (DeFi) protocol by total value locked, unveiled plans during its Node Operator Community Call #5 to release a non-fungible token (NFT) representing a user’s withdrawal request amount as part of the process of unstaking their ether (ETH). These withdrawals will be enabled after the Ethereum blockchain undergoes its next major upgrade. Ether withdrawals on Lido, where users can unstake their stETH and receive ETH at a 1:1 ratio, will have two steps: request and claim, according to Mariya Muzyko, product manager at Lido, during the call Tuesday afternoon. Once a user requests a withdrawal, they will receive a Lido-issued NFT representing their withdrawal request. The user can then use the NFT to claim their ETH rewards. The NFT is burned after the user redeems and claims their ETH. Lido was the first to provide access to liquidity to ETH holders who wanted to stake their tokens by issuing a derivative token, stETH.
Disney Reportedly Axing Metaverse Division Amidst Company Restructuring
The metaverse division of Disney has apparently fallen victim to the latest round of layoffs announced by the company. Per reports from the Wall Street Journal citing people “familiar with the situation,” the whole next-generation storytelling and consumer-experience unit, comprised of 50 people, has been axed — this being part of the 7,000 layoffs.
According to reports coming from the Wall Street Journal (WSJ), the metaverse unit of the company was wholly disintegrated in the latest round of layoffs that CEO Bob Iger announced on March 27. Disney’s headcount by 7,000, aiming to cut costs by $5.5 billion. In a memo sent to employees, Iger justified this move stating that it was “part of a strategic realignment of the company, including important cost-saving measures necessary for creating a more effective.
The metaverse division of Disney has apparently fallen victim to the latest round of layoffs announced by the company. Per reports from the Wall Street Journal citing people “familiar with the situation,” the whole next-generation storytelling and consumer-experience unit, comprised of 50 people, has been axed — this being part of the 7,000 layoffs.
According to reports coming from the Wall Street Journal (WSJ), the metaverse unit of the company was wholly disintegrated in the latest round of layoffs that CEO Bob Iger announced on March 27. Disney’s headcount by 7,000, aiming to cut costs by $5.5 billion. In a memo sent to employees, Iger justified this move stating that it was “part of a strategic realignment of the company, including important cost-saving measures necessary for creating a more effective.