Shiba Inu’s Metaverse, DeFi-Focussed Shibarium Blockchain Goes Live, Sees Snags: Everything to Know

[ad_1] Shiba Inu developers launched Shibarium, a layer-2 blockchain, this week, sending the SHIB community in a frenzy. With this new blockchain, the Shiba Inu team wishes to separate the cryptocurrency from its ‘meme coin’ image. They aim to onboard promising Web3 projects onto its ecosystem, that would push more SHIB tokens into circulation. SHIB … Read more

British Museum Steps into Metaverse, Partners With The Sandbox: All Details

[ad_1] The British Museum, based in London, is ready to step into the world of metaverse. The home of Britain’s history since the mid-eighteenth century will now have an address in The Sandbox, a platform that provides a fully functional virtual universe that lets entities exist as avatars. The entry of this historic British landmark … Read more

Meta’s Reality Labs Continues to See Losses Despite Company Boasting 11 Percent YoY Spike in Revenue

[ad_1] Meta has recorded an eleven percent year-on-year (YoY) revenue growth for the second quarter of 2023, between the months of April and June. Despite Meta having recorded one of its best quarters since its rebranding from Facebook in 2021, the company’s metaverse sector remains lacklustre. Meta’s revenue climbed to $32 billion (roughly Rs. 2,62,377 … Read more

Japan PM Vouches to Usher in Web3 Era with Faith in Upcoming Internet Transformation

[ad_1] Japan is pitching itself as the next big hotspot to incubate Web3 projects, revolving around cryptocurrencies, non-fungible tokens, blockchain gaming, and the metaverse. Despite regulatory uncertainty and the element of volatility linked to the sector, Japan is ready to host players working in the Web3 industry. Fumio Kishida, the Prime Minister of Japan, has … Read more

Crypto, Metaverse Threats as Serious as Those Around Dynamite: Home Minister Amit Shah

[ad_1] India’s Home Minister Amit Shah has compared threats around crypto and metaverse to be as serious as those around dynamite explosions or hawala cases. Shah was addressing a meeting of the G20 when he said that a common strategy is needed at a global level to deal with the threat shift that now extensively … Read more

Metaverse Garners Attention of European Union: Here’s What We Know

[ad_1] The European Union (EU) is looking to set up a bunch of regulations to govern people’s existence in the metaverse. A fully functional virtual universe built on blockchain, the metaverse allows people to exist as digital avatars and perform activities related to working, gaming, and socialising. The EU has noticed that the metaverse is … Read more

Indians More Familiar with Metaverse Compared to Web3, NFTs: Report

[ad_1] Indians are gradually warming up to the idea of blockchain-based elements, with metaverse winning most hearts. A latest report by YouGov, commissioned by Consensys, has claimed that out of over a thousand surveyed participants from India, 53 percent are familiar to metaverse. A fully functional virtual universe, the metaverse makes for a digital ecosystem … Read more

SYKY Launches New Incubator for Web3 Fashion Designing, First Batch Has Ten Artists

[ad_1] Consumers of the Web3 world are not backing away from engaging with digital fashion trends, despite the market being shaky. SYKY, a digital fashion platform, has decided to contribute to the Web3 fashion world with a project incubator programme. This one-year initiative has an already prepared list of ten digital artists who will make … Read more