Adidas is not shying away from deep diving into Web3 exploration as a way to connect and engage with its younger and more tech-savvy customers. The shoes and apparel brand has announced the launch of its ALTS Dynamic NFT collection, as part of expanding its ‘Into The Metaverse’ initiative that…
The Sandbox, a popular metaverse firm, has warned community members of a security breach. As per its most recent blog post, the platform has revealed that an unauthorised third part has managed to bypass its security measures and may have gathered details of its users. The Sandbox community has been…
The metaverse, shared virtual worlds accessible via the Internet, is the next digital market to attract regulatory scrutiny, EU antitrust chief Margrethe Vestager said on Thursday. The metaverse has come into sharper focus since Facebook changed its name to Meta Platforms two years ago to reflect its bet on the new…
Microsoft drew the curtains on its industrial metaverse division as part of the recent layoffs it announced to strategise spendings during the ongoing global recession climate. The hundred staff members who were part of this team have reportedly been fired, putting future plans for this unit on an indefinite hold….
Industry experts from the World Economic Forum (WEF) have bet big on the metaverse sector. An important element of the Web3, metaverse tech is expected to see a widescale industrial adoption before individual consumers begin to come onboard the virtual universe ecosystem. More companies and industrial players are expected to…
The market for non-fungible tokens (NFTs), which went through a rocky momentum this year, is projected to explode in popularity in the upcoming year. More brands across industries will adopt NFTs as a way to entice, reward, and retain next-gen buyers to give them immersive experiences enveloped in metaverse experiences….
Shinhan Bank, named among the top four lenders in South Korea, has taken a massive step towards rattling up the metaverse industry. The lender has launched a metaverse site named ‘Cinnamon’, where people will be able to access an array of services from financial, as well as non-financial sectors. Before…
Tuvalu said on Tuesday it plans to build a digital version of itself, replicating islands and landmarks and preserving its history and culture as rising sea levels threaten to submerge the tiny Pacific island nation. Tuvalu’s Foreign Minister Simon Kofe told the COP27 climate summit it was time to look…
Meta is gearing to deploy its signature Bitmoji-like avatars to its instant messaging app, WhatsApp. The feature will first reach a bunch of randomly selected beta testers on Android as part of its upcoming 2.22.23.9 app upgrade, as per a report. A new category called ‘Avatar’ is said to appear…
India, where rules and regulations around the crypto sector are still under drafting, is witnessing a big boom. Around 11 percent of the world’s total Web3 talent resides in India, the nation’s primary non-government tech trade body Nasscom said in a recent report. Titled ‘The India Web3 Startup Landscape, An…
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