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📣 Meta CEO Mark Zuckerberg Still 'Long-Term Optimistic' on Metaverse

Meta
Platforms (META) CEO Mark Zuckerberg said he was still optimistic about the metaverse on a longer, “five-to-ten-year horizon” during the New York Times DealBook Summit in New York City on Wednesday. Zuckerberg said Meta spends 80% of its time focused. "The way we communicate gets richer and more immersive,” Zuckerberg said via a virtual interview, doubling down on his company’s bet on a virtual and augmented reality-dominated future. The company has come under criticism for generating billions of dollars of losses as it builds out its version of the metaverse. The rest of the time is spent on developing hardware and software related to the metaverse.

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📣 Source Digital Partners with Blacknut to Power Global Metaverse Experience

Source
Digital, Inc. and Sansar announce a partnership with Blacknut - the world's leading pure player cloud gaming service dedicated to the general public - to power the streaming of the Sansar Metaverse and Source Activated Moments (SAMs) within the Sansar metaverse. Beginning in 2023, Smart TV users can access the Sansar activated by Source APP on their devices to watch live events and concerts while exploring live events that will be mixed reality intersecting between physical world viewing and metaverse viewing of concerts, live sports, and more.Blacknut recognized early on the importance of democratizing interactive entertainment.

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⛵️ OpenSea says NFT creators earned $1 billion in royalties this year

Creators
selling NFTs on OpenSea collectively earned $1.1 billion this year, with 80% of that amount allocated to collections outside the top 10. Royalties have become an increasingly fractious issue in the NFT space, as businesses fight for market share. Once championed as a prime use case for artists in the NFT space, and a golden egg in the creator economy, what OpenSea dubs "creator fees" are generated through taking a cut on the resale of NFTs on the company's platform. Also known as royalties, they have been hailed as a way for artists to reap recurring benefits as their creations are sold on.

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🖼 Tezos draws Art Basel Miami collectors with 'generative' NFT minting

Serious
art collectors known to frequent the opening day of the Art Basel Miami Beach fair had the ability to take something home completely for free on Tuesday — a "generative" NFT minted on the Tezos blockchain. Only 2,500 of the NFTs will be minted during the week. The Tezos exhibit at the exclusive fair featured an interactive, live-minting experience that lets visitors scan a QR code to start production of an algorithmic NFT designed by either Tyler Boswell, DistCollective or Ivona Tau. The whole process takes about two minutes, and the work is quickly delivered to the visitor's wallet and then displayed on a large screen with information.

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📣 Sony brings metaverse to smartphones with wearable motion trackers

Sony
has launched a set of wearable motion trackers that will bring users into the metaverse with their smartphones. The Mocopi system comprises six pucks worn around the user’s wrist, ankles, hands and hips. The Mocopi system allows users to capture full-body motion capture without needing expensive equipment. YouTubers and people working in content development are the key target audiences for the Mocopi motion trackers. With the Mocopi system, Sony is essentially expanding the market for metaverse which is in its early stages.

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📣 Metaverse Education Alliance Announced During MetaExpo Singapore

MetaExpo
Singapore, the Web3 and Metaverse Education, Danielius Stasiulis, CEO of Learnoverse and BitDegree, inaugurated the Metaverse Education Alliance (MEA), a global initiative aimed at promoting cooperation among leading Web3 and Metaverse EdTech operators and related stakeholders. The Forum included panels and addresses by prominent Web3 and Metaverse ecosystem developers, investors and educators. Danielius Stasiulis shared a panel discussion with Taizo Son, CEO of Mistletoe Inc., one of the most prolific investors in Asia. Their talk focused on repositioning the Asian market as the next global hotspot for Web3 and Metaverse education.

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📣 Samsung, Huawei, LG lead metaverse patent race

South
Korean and Chinese companies are securing metaverse hardware patents, with LG and Huawei rising in the ranks with the most Metaverse patents as the electronics industry looks beyond smartphones, the media reported. The size reached a value of $22.79 billion in 2021, according to GlobalData, a leading data and analytics company. The global metaverse market is expected to reach $996 billion in 2030, registering a compound annual growth rate (CAGR) of 39.8 per cent. Display colour schemes and semiconductors are among the strengths of South Korean companies, which have quickly established a presence in core components rather than headsets and other finished products.

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📣 The Ferrari Vision Gran Turismo Is A 1356PS hypercar For The Metaverse

Yet
another Ferrari? Yes. But this time it’s a fully blown-out 1356PS hypercar that sadly only exists in the virtual world. The Ferrari Vision Gran Turismo takes its name too seriously and is an all-digital hypercar you can drive in the Gran Turismo racing simulation. 3.0-litre, twin-turbo V6 from the recently unveiled 499P racecar. 1356PS and 1100Nm of twist to all four wheels. 1250kg of dry weight. 0-100kmph in under two seconds. 0-200kmph in under five seconds. A top speed of over 350kmph. Well, the lunacy is right up there and even extends further as Ferrari has claimed the Vision Gran Turismo.

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💰 108,900 XRP Is New Record for XRPL NFT Sales

According to the collection's official Twitter account, the sale was the result of an open auction of Xpunk #8811. Without revealing the name of the buyer, it was stated that this person is known to the community."XRPL Punks" collection's items sold for 108,900 XRP, the equivalent of $44,000. The XRPL Punks collection, or Xpunks, homage to the already legendary non-fungible CryptoPunks collectibles, is one of the hottest on XRPL. Since the long-awaited XLS-20 amendment was applied to XRPL this fall, Xpunks alone have traded 1.78 million XRPs to date.The Bored Apes XRP Club has two times less, but still a turnover of 866,533 XRP.

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📣 Next Earth launches the world's first Metaverse Land Gift Card

Next Earth, one of the biggest Metaverses in the world and the first one in web3 being on the exact copy of planet Earth has launched the world's first Metaverse Land Gift Card. The new product enables any person or business to easily enter the metaverse. Earth-based web3 Metaverse's unique structure and technical solutions is to make it possible for anybody to enter the web3 ecosystem without any technical knowledge of it, whilst immediately getting connected into this new field of opportunities. Since its launch in summer 2021, Next Earth has sold around 12M dollar worth of virtual lands on its platform, and the metaverse has almost 300 000 registered users and nearly 50 000 landowners.

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🤟 BAYC Holds Sales Revenue Title Despite BAKC 2082.5% Sales Volume Hike

Bored
Ape Yacht Club (BAYC) has been the title winner of the NFT collection sales revenue chart. As of press time, BAYC has a 24-hour sales revenue of $1,699,826 with 21 transactions. BAYC recorded twenty transactions. The sales revenue of BAYC NFT collections saw a drop of 61.86%. Interestingly, Bored Ape Kennel Club (BAKC) overhauled BAYC in sales volume with more transactions than BAYC. BAKC recorded 233 transactions, an increase of 2018.18%, while BAYC had only twenty-one transactions. Meanwhile, Ethereum topped the chart for blockchains by NFT sales volume. Ethereum recorded a sales revenue of $9,501,213 and is down by 31.00% within the last 24 hours. Additionally, Ethereum recorded 25,569 transactions with 9,708 buyers.

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🖼 Detective Comics #38 NFT Edition Available At DC3

DC Collectible Comics (DC3) have released a second Golden Age comic in their limited digital ownership range at ntf.dcuniverse.com. This time it’s the Detective Comics #38 NFT, notable for being the first appearance of Robin. Purchasing an NFT share of this digital asset means that you will own a unique share. Batman first appeared in the anthology title Detective Comics #27 in 1939. Barely a year into the Dark Knight’s stories, the creators were sensing that something was missing from the character. Writer Bill Finger had envisioned Batman/Bruce Wayne as a cross between the actor of swash-buckling roles Douglas Fairbanks, and Sherlock Holmes – and he recognized that his Holmes needed a Watson to help him verbalize his thoughts (and save him from wandering around the Batcave talking to himself!).

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🔫 Metaverse in E-commerce Market Latest Insights on Industry Share

Metaverse in E-commerce Market, representing a study from 2022 to 2029. The research study provides a near look at the market scenario and dynamics impacting its growth. This report highlights the crucial developments along with other events. The global Metaverse in E-commerce has been comprehensively analyzed and the different companies that occupy a large percentage of the market share in the regions mentioned have been listed in the report. Industry trends that are popular and are causing a resurgence in market growth are identified. A strategic profile of the companies is also carried out to identify the various subsidiaries.

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🪙 ApeCoin DAO to launch bespoke NFT marketplace for Apes and Otherdeeds

ApeCoin
DAO is getting a new NFT marketplace that will sell Bored Ape Yacht Club, Mutant Ape Yacht Club, Bored Ape Kennel Club and Otherdeed NFTs. Zach Heerwagen and Jason Jong, the founders of Snag Solutions, gained enough traction to win over the support of the community. The startup, which launched in July and is currently closing its pre-seed funding round, builds white label marketplaces for NFT collections. Bespoke marketplaces, often called white-label or white glove marketplaces, are experiencing a surge of interest among NFT collections looking for more control over how their NFTs are traded. as well as help prevent buyers being scammed by fake NFTs.

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📣 Tokens.com Launches The UPS Store’s Metaverse Business Center in Partnership with Coffee Digital

Tokens.com Corp. (NEO Exchange Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) (“Tokens.com” or the “Company”), a publicly-traded company that invests in web3 assets and builds businesses linked to crypto staking, the metaverse and play-to-earn gaming. The UPS Store launched its first step into the metaverse by building a content destination to help promote its new campaign ‘Be Unstoppable.’ This installation was developed in the Decentraland metaverse platform by Coffee Digital and Metaverse Group. It includes a multi-level building, where small business owners and the next generation of entrepreneurs are able to visit and learn how to build a successful and sustainable business.

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🪙 Uniswap's own NFT marketplace aggregator live months after Genie acquisition

Uniswap
Labs, the main developer behind decentralized exchange protocol Uniswap, is starting a new NFT marketplace, which it hopes will break the barrier between cryptocurrency exchanges and such NFT markets. while platforms such as Rarible have also introduced aggregators. The marketplace aggregates NFTs up for sale from OpenSea, X2Y2, LooksRare, Sudoswap — including its pools, which sell NFTs along price curves — Larva Labs, X2Y2, Foundation and NFT20. The developer has been working on the product since June when it purchased NFT aggregator Genie as part of expansion efforts to include NFTs and ERC-20 tokens among its products.

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📣 Animoca plots $2 billion metaverse investment fund: Nikkei

Web3
gaming and software giant Animoca Brands is set to debut a fund of up to $2 billion to invest in metaverse companies. The fund, named Animoca Capital, is expected to make its first investment next year, co-founder and executive chairman Yat Siu said in an interview with Nikkei. Animoca Brands is one of the most active investors in web3. It made over 60 investments in the first half of 2022, bringing its total to more than 340 as of September this year, according to The Block Research. The primary purpose of the fund will be to develop the ecosystem and create more opportunities for investors to access web3 companies, Siu said. It opened up two membership tiers to other web3 builders earlier this month.

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🖼 Candy Digital NFT shop lays off large number of employees amid market deterioration

Digital
collectibles firm Candy Digital, financially backed by industry heavyweights Mike Novogratz and Gary Vaynerchuk, has cut a large number of jobs — perhaps as much as half of its employees. One laid off employee, who preferred to remain anonymous, told The Block that as many as half of Candy Digital employees may have been let go. The employee added their dismissal didn't come as a surprise given the current downturn engulfing companies operating in crypto-related fields.

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⚡️ SKT targets SEA with Singtel metaverse tie-up

SK
Telecom (SKT) highlighted a metaverse cooperation with Singtel Group aimed at jointly expanding the business across the Asia-Pacific region in countries where the group operates, starting with Singapore. SKT outlined an ambitious metaverse plan. Singtel CEO for Consumer Anna Yip stated: “Together with SKT, we will help drive innovation and unlock new digital use cases in Ifland, creating growth opportunities for enterprises and enriching experiences for consumers.”.SKT noted Singtel will share its 5G expertise, while the Korean operator will provide insights gained from running Ifland in its home market.

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🖼 Baidu Japan Launches World's First Kaomoji Avatar NFT Project

Baidu
Japan Inc. has released CryptoSimeji, which uses the Japanese keyboard app Simeji's popular mushroom logo as the IP prototype, combined with kaomoji culture, to create the world's first kaomoji avatar NFT project. Officially launched in August 2022, all 10,000 of the project's NFTs sold out within hours – resulting in a transaction volume of more than $1.1 million, an increase of 166.68%. CryptoSimeji has made a big impact on both Japan and overseas countries' NFT communities. Further, CryptoSimeji serves as Baidu Japan's first step into Web 3.0 – offering a community built together with active users.

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⚡️ Women shut out of leadership roles in the metaverse

Web3
, or Web 3.0, is an idea for a new iteration of the World Wide Web. Its advocates insist it is seeking to use technology to incorporate concepts such as decentralisation, transparency and fairness into a modern transaction economy. Whether that is at all feasible remains a wider question – but in the case of Web3 at least, the results so far seem to suggest not. More than a decade of decentralisation via eternally-nascent cryptocurrency technology has yielded speculative bubble after speculative bubble, each time somehow underwritten by even fewer fundamentals than the last time. The transparency of blockchain technologies have done little to prevent various Web3 ‘entrepreneurs’ withdrawing investors’ funds.

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📣 GameFi is revolutionising global NFT market

The
intersection of gaming and finance in an environment driven by use of blockchain, non-fungible tokens (NFTs) and smart contracts is often called as GameFi. It is often cited at the crossroads of decentralized finance (DeFi) and play-to-earn (P2E) blockchain gaming. Metaverse Awareness Survey, 40% of respondents stated that they are “interested in pursuing a mix of both the ‘playing’ and ‘earning’ aspects of the metaverse”. While 11% indicated they are more interested in earning, and 49% stated they are only interested in playing. Another interesting finding of the survey was that more than half (53%) of respondents stated.

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💰 Industry expresses confidence in the NFT space amid the FTX collapse

NFT
artist Johnathan Schultz believes that the era of NFTs without utility is dwindling, and to survive, it must outgrow the “memeification” of things. Even before the FTX collapse, nonfungible token (NFT) collections have already felt the impact of the crypto winter, with trading volumes going down by 98%. FTX exchange amid its liquidity crisis, users have tried roundabout ways to withdraw their money. One of the alleged methods for withdrawing balances is buying NFTs based in the Bahamas. Many community members criticized the method as it bypasses bankruptcy laws, even mocking NFT utility in the process, painting a negative picture of NFTs.

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🖼 Mint free OKX Football Cup NFTs as group stage games enter second round

The
FIFA World Cup in Qatar has entered the second round of games in the group stage. The first round saw some major upsets, with Saudi Arabia defeating Argentina, while Germany also lost against Japan. The second round of games began today, and the host nation’s chances of qualifying for the knock-out round are almost nonexistent. The OKX Football Cup is part of the crypto exchange’s ‘The OKX Football Festival,’ and it is giving millions of fans around the world the opportunity to earn from a great prize pool. With this competition, users can mint free NFTs of their preferred teams and use the NFTs to predict matches and stand a chance to win huge prizes. A week ago, crypto exchange OKX announced the launch of its NFT Football Cup.

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🪙 ApeCoin’s APE Surges on New NFT Marketplace Launch

ApeCoin
(APE) is up 4% in the last week, to $3.24 at the time of writing, following a bespoke NFT marketplace launch for the Ethereum-based governance token. The new platform will support Yuga Labs NFT collections – Bored Ape Yacht Club, Mutant Ape Yacht Club, and Otherside Metaverse trades. ApeCoin NFT marketplace will enable the buying and selling of NFTs with lower transaction fees. Listing in APE tokens will attract 0.25% fees, while those in ETH will be charged 0.5%. The announcement added that 0.25% of the charges would go to the ApeCoin DAO treasury. Additionally, the marketplace will reportedly pass fees and royalties to the community.

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🖼 BAYC NFT Sells Gold Fur Ape for Almost $1 Million in Spite of Crypto Winter

The
most successful NFT collection in the history of crypto, Bored Apes Yacht Club (BAYC), made waves on Thursday morning once again. This time, the Gold Fur Bored Ape #232 was sold for an elephantine amount of 800 Ethereum (ETH). At press time, this equals $959,760, which is the most expensive acquisition of a Bored Ape NFT in quite some time. It even topped the Brotherly Gold Fur Ape #5853 that was sold for 777 Ethereum (ETH) a few months ago. NFT that was sold off in secondary markets for 1-2 Ethereum (ETH) right after FTX crashed.

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🔫 Sony Acquires 3D Animation Company Beyond Sports to Offer a Complete Sports Metaverse Experience

Entertainment
and electronics giant Sony has recently completed the acquisition of Beyond Sports, a company specializing in using real-world data to produce 3D animation. With this purchase, the company is now reportedly. Sony is now making a foray into the sports metaverse world. The company recently closed the acquisition of Beyond Sports, a 3D imaging and animation company that possesses tech to transform real information from a sports match into a metaverse representation. Numbers for the acquisition were not released, but are believed to be as high as $70 million dollars.

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🔫 Metaverse company Trace Network Labs unveils refreshing new website

Trace
Network Labs, a complete decentralised protocol for enabling multi-chain, cross chain handling of lifestyle for metaverses, has unveiled a refreshing new look of its website. Trace Network Labs features products like Pariz, Staking, Buddy and Metastack. Pariz is a fashion and lifestyle metaverse with experiences built on multichain to deliver an immersive and real experience of shopping and collaboration. Staking offers multiple staking pools for users to earn high APRs for their staked Trace token. Buddy enables real human-like Web3 native avatars to be agnostic to multiple metaverses.

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🔫 K-Pop Superstar Lisa to Host Exclusive Metaverse Party with Chivas Whisky

To
celebrate the launch of the Chivas 18 x LISA limited edition bottle, blended Scotch whisky Chivas is bringing one of the biggest names in K-Pop to the metaverse. Dubbed Regal Planet, the event will be Chivas’ first entry into the metaverse. Attendees will have the opportunity to flex their style with custom avatars which they will use to experience Regal Planet. Starting in the ‘Rise Up’ welcome lobby, where they will be able to meet other guests, Chivas and LISA fans will then get to learn more about Chivas and its range of blended whiskies in the ‘Hustle Area’, with 3D bottles appearing to reveal the perfect serves and showcasing various cocktail recipes.

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