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KuCoin Labs, the company behind the world's sixth-largest cryptocurrency exchange by trading volume with more than 500 crypto assets listed, announced on Wednesday that it would be launching a $100 million metaverse fund for early-stage projects. The money is also available for entities that develop blockchain-based games, nonfungible tokens, and
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Everyone from individual users to big corporations is talking about the metaverse. The craze of the metaverse is real, so much so that even Facebook rebranded to Meta to be relevant in the space. At first, the hype around the metaverse seemed limited to playing games and interacting in virtual reality,
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With the release of the embassy, tentatively scheduled for January, Barbados will become the first country in the world to recognize digital sovereign land. The Ministry of Foreign Affairs, The Ministry of Science and Technology, and many other governmental bodies reviewed the plans over “several, several months,” said Abed. Source
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“Barbados’ Metaverse Embassy will be at the centre of activities to advance the growth of stronger bilateral relationships with governments globally,” says the release, before adding, somewhat nonsensically, that “e-consular services will be a core feature alongside with [sic] a virtual teleporter which will be built in Barbados’ Metaverse Embassy
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As visions of a popularized metaverse race towards reality, venture capital firms are backing companies that offer lending and leasing services for digitally owned assets.The latest company looking to enter this futuristic market is Pawnfi, an alternative asset-lender that just raised $3 million in a funding round led by Digital
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Nonfungible tokens (NFTs) continue to disrupt the mainstream entertainment industries, with NFT gaming firm Animoca Brands partnering with Korean record label, talent agency and music production company, Cube Entertainment, to build a “K-pop music metaverse.”Announced on Nov. 15, the partnership will see Animoca and Cube work together to create multimedia
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Blockchain is a core technology that differentiates itself from other technologies by having solved the double expense with the emergence of the Bitcoin blockchain in 2008. Nonfungible tokens, or NFTs, were driven by blockchain technology which brought scarcity and interoperability to nonfungible tokens. But, what do blockchain technology and NFTs
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In recent weeks as Facebook announced it was rebranding to the name “Meta” it has sparked a renewed interest in metaverse cryptocurrency projects. Meta will be creating a VR (Virtual Reality) metaverse where people can socialise together on a more interactive scale than they previously could. There are other metaverse projects
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Investment bank Morgan Stanley has stated the metaverse is now the next big investment theme, in a note directed to investors Thursday. Strategists from the bank believe this alternate conception of reality is amassing important interest from companies like Meta (formerly Facebook) and Microsoft, which are already trying to grasp
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Loopring runs on the Ethereum network, specifically on “layer 2″ zero knowledge rollups (zkRollups). Layer 2, or “L2,” refers to a secondary protocol that builds on top of an existing system, in this case, on top of Ethereum. ZkRollups allow blockchains to validate transactions faster whilst ensuring that gas fees
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