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Artificial intelligence (AI) is the new buzzword in the emerging tech scene after the release of OpenAI’s chatbot ChatGPT-4. However, opinions on this groundbreaking technology are mixed, with some claiming it is something to be feared. Speaking to Cryptox reporter Jesse Coghlan at the WOW Summit Hong Kong 2023, Sebastien Borget, co-founder and
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That isn’t necessarily a bad thing, Cathy Hackl, chief metaverse officer at Journey, said. There are still people building in the ecosystem. Source
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Entertainment giant Disney has reportedly ditched its metaverse division as part of a broader restructuring plan to cut its operating expenses by $5.5 billion and lay off 7,000 staff over two months. The news was reported by The Wall Street Journal (WSJ) in a March 28 post, citing “people familiar
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Fifty people have lost their jobs as Disney disbands its next-generation storytelling and consumer experiences unit as part a company-wide staff reduction. Original Source
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The metaverse has the potential to be the next frontier of human interaction, as evidenced by the amount of activity that continues to pour into the space.It’s not just game developers pushing digital worlds but entire countries are setting up metaverse development funds. Major automotive firms, such as Nissan, are
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Venture capital firm and Web3 game developer Animoca Brands has refuted claims that it scaled back its Metaverse fund target by $200 million, or 20% to $800 million amid volatility in the crypto market and instability in the banking sector. The firm also down-played suggestions that its valuation has plummeted
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Hong Kong-based Animoca Brands, a developer of blockchain gaming technology, has reportedly cut its target for its metaverse fund by a further 20% to $800 million, Reuters reported, citing sources familiar with the matter.The blockchain gaming technology company reportedly scaled back on its billion-dollar goal due to volatility in the
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The metaverse is a term for a virtual world where the internet exists as an immersive space that can be used for work, play, socializing, experiences and events. While there is much excitement about its potential in some quarters, it remains a largely unproven concept. Original Source
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Another reason for the increase in trading volume is due to NFT marketplace Blur's "airdrop seasons and farming," according to Sara Gherghelas, blockchain analyst at DappRadar. "The NFT whales decided to farm [virtual] land, especially the MG Land project, which is an NFT collection." Source
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The Dubai Multi Commodities Centre, one of the biggest free trade zones in the world, signed agreements with governments and companies in South Korea to bring more Web3 and metaverse businesses to the emirate. The objective of this move is to consolidate the status of Dubai as an international blockchain
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