Tagged: metaverse

Flybits Launches OpenDome, Enabling Banks to Create Engaging Metaverse Experiences

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Flybits, an international player focused on Enterprise-grade Experience Design solutions for the financial industry, recently announced the launch of its new Metaverse authoring platform called OpenDome. Built as an algorithmic, template-driven render engine, OpenDome claims to be “the first-ever platform enabling banks to create multi-dimensional… Read More

Metaverse UGC Platform BUD Secures $36.8M via Series B led by Sequoia Capital India

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BUD, a Metaverse user-generated platform, recently announced its $36.8M Series B round led by Sequoia Capital India “with participation from ClearVue Partners, NetEase and Northern Light Venture Capital.” Existing investors GGV Capital, Qiming Venture Partners and Source Code Capital also participated in the investment round…. Read More

Digital Asset Firm Gemini Introduces Superlunar to Explore Future of Web 3.0

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Decentralized technologies have changed the way we “interact online,” with tools that have redefined ownership, security, finance, and a lot more, according to an update from Gemini. At Gemini, they claim to be on a mission “to unlock the next era of financial, creative, and… Read More

NFT Transaction Activity “Stabilizing” Following “Explosive” Growth Last Year: Report

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Non-fungible tokens (NFTs) have been one of the “most dynamic” and “prominent” parts of Web3 over the last two years, according to an update from Chainalysis. NFTs are blockchain-powered digital items whose units are “designed to be unique, unlike traditional cryptocurrencies whose units are meant… Read More

Sensorium Teams Up with Humanity 2.0 Foundation for Metaverse, NFT, Digital Art Gallery Initiatives

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Humanity 2.0 is a non-profit organization “tackling obstacles to humanity’s socio-economic and cultural development through leadership, media, and technology.” This global project is chaired by Father Philip Larrey, Dean of Philosophy “at the Pope’s University (Pontifical Lateran University) in Vatican City.” Sensorium is “a global… Read More

DAOs: Treasure DAO’s MAGIC Crypto Token Is Now Available via Okcoin

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Digital asset firm Okcoin is now offering MAGIC, which is the native crypto token of Treasure DAO. According to Okcoin, here’s what MAGIC and Treasure are all about, in simple terms: You can now deposit MAGIC on Okcoin. This offer is for all Okcoin clients… Read More

Epic Games Announces $2B Round from Sony, KIRKBI to Build the Metaverse

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Epic Games has announced a $2 billion round of funding to advance the firm’s vision “to build the Metaverse and support its continued growth.” This massive investment round includes contributions from existing investor Sony Group Corporation and KIRKBI, the family-owned holding and investment firm behind… Read More

Web3 Firm Tokens.com’s Subsidiary Metaverse Group Buys Decentraland’s Music District

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Tokens.com, a publicly-traded company that invests in Web3 crypto assets and businesses linked to the Metaverse and NFTs, announced this week that its subsidiary, Metaverse Group, has purchased the Music District in Decentraland, as a joint venture with 13th Floor Ventures, an institutionally-backed investment fund focused on virtual… Read More

Embed Raises $4.5 Million for New Decentralized Protocol, Targeting the Metaverse

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Incubated by Node.Capital, ​​Embed has raised $4.5 million in a seed investment co-led by North Island Ventures and Aleph, with participation from DCG, Distributed Global and Morningstar Ventures, according to the company. Embed is an aspiring decentralized marketing solution that connects brands, creators, collections, and… Read More

Improbable Secures $150M to Launch M² (MSquared), a Metaverse Network, Ecosystem Supported by Its Morpheus Tech

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Improbable, the UK-headquartered Metaverse tech firm, recently announced that it raised $150 million in capital “to establish and develop M² (MSquared), a network of interoperable Web3 metaverses powered by its Morpheus technology.” The global Metaverse revenue opportunity “is expected to be worth $800bn by 2024,… Read More

imagin to Enter Metaverse, Becoming One of the First European Fintechs in the Virtual World

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imagin, the digital services and lifestyle platform backed by CaixaBank, will be entering the Metaverse in the coming days “by way of imaginLAND.” The project will “enable the platform to launch and run initiatives in the virtual reality universe and will be available to its… Read More

$250M Metaverse Fund Announced by HBAR Foundation to Onboard Consumer Brands to Hedera

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The HBAR Foundation, an organization that supports the development of the Hedera ecosystem by offering grants and various other resources, recently announced the launch of a $250 million Metaverse Fund “to onboard both consumer brands and their users to Hedera Hashgraph’s Metaverse ecosystem.” The Metaverse… Read More

Securing the Metaverse: The Sandbox and Ledger to Enhance Security, Ease-of-Use for Clients

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The Sandbox, a “decentralized” gaming metaverse and a subsidiary of Animoca Brands, and Ledger, the hardware and software security company in crypto and Web3, have partnered “to bring Ledger’s best-in-class security technology to The Sandbox’s global user base.” The partnership will “empower The Sandbox’s 2.2… Read More

Entain Introduces Syntropy Global Routing Protocol to Support Metaverse Expansion

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Syntropy, a Web3 connectivity firm, and Entain, which claims to be one of the largest sports betting and gaming companies, announced the successful implementation of Syntropy’s relay network with its “decentralized autonomous routing protocol (DARP), connecting the data centers across the globe.” Syntropy’s DARP technology… Read More

Decentralized Metaverse vEmpire Introduces Staking Pool for ApeCoin

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  vEmpire DDAO, which claims to be the largest decentralized Metaverse, GameFi and NFT investment organization, has announced the launch of a staking pool for ApeCoin. ApeCoin is an ERC-20 governance and utility token used “within the wider Ape ecosystem, which has itself experienced [steady]… Read More

Markus Levin: Co-founder at XYO Reveals their Plans for the Metaverse

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We recently caught up with Markus Levin, Co-founder at XYO, a platform focused on developing a trustless system of Oracles that may enhance the existing location data systems. Levin talked about how the XYO platform is leveraging distributed ledger tech (DLT), smart contracts, and decentralized… Read More

Caduceus, a Blockchain for Metaverse Development, Raises $4 Million, Valued at $80 Million

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Caduceus, a blockchain for metaverse infrastructure development, has raised $4 million, at an $80 million valuation, in an oversubscribed Series A round, according to the company. The funding was led by Susquehanna International Group, founded by Jeff Yass. Other investors include Bin Zayed Group, BlockFills,… Read More

360 Web3 Tween Brand Lumiii and Crypto Reward Company Cultos to Introduce Loyalty Program

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Crypto rewards platform Cultos recently announced that it has teamed up with gaming company Secret Pirates in order to launch “an exclusive loyalty program for Lumiii, the decentralized edutainment ecosystem.” Lumiii’s animated series, The Secret Order of Lumiiis™, and its blockchain games empower players and… Read More

Gemini CTO Pravjit Tiwana Comments on Building the Future of Web 3.0

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At the beginning of 2022, Gemini had welcomed their CTO, Pravjit Tiwana, who joined them from Amazon Web Services (AWS). Pravjit is responsible for leading Gemini’s Engineering, Product, and Information Security teams, with “a vision of building customer-centric innovative products that harness the opportunities of… Read More

NFTs, Metaverse: Bored Ape Yacht Club NFT Collection has Been Successful due to Unique Incentives, Report Reveals

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Huobi Research Institute, the blockchain research organization, has released its latest report, titled “Unveiling the Mysterious Bored Ape Yacht Club”. The report from Huobi analyzes the rise of the “infamous” Bored Ape Yacht Club NFT collection, and explains Yuga Labs’ ambitions “to branch into Gamefi… Read More

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