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The metaverse refers to a virtual universe or digital realm where people can interact with each other and the environment in real time, typically through virtual reality (VR), augmented reality (AR), or a combination of both. It is an immersive and interconnected space that leverages blockchain technology and other innovative technologies to create a decentralized and secure environment. In the metaverse, a shared value is created between the virtual space and the real world, and it allows for the establishment of new monetary and financial systems based on blockchain technology. This enables the secure management and verification of digital assets, identities, and transactions within the metaverse. By integrating blockchain, the metaverse provides transparency, trust, and the potential for the development of unique economic ecosystems and digital economies. The metaverse is often envisioned as a vast and evolving network of interconnected virtual worlds, applications, and experiences that can be accessed and experienced by individuals through various devices and platforms.

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TRON Welcomes NFT Collectors into the MegaCryptoPolis Metaverse
It’s no secret that TRON has been eyeing a foray into NFTs and digital collectibles for some time; only last week, Justin Sun was pipped to the punch to purchase Beeple’s NFT art collection at Christie’s. The TRON founder placed a last-minute bid that fell just short of the $69 million the work eventually went for.

Usain Bolt Partners with Step App to Propel Healthier World
Usain Bolt, the 8-time Olympic gold medalist and 11-time world champion, has teamed up with Step App to take fitness and exercise a notch higher by incorporating Web3 and the metaverse.

FC Barcelona Preparing to Launch its Own Cryptocurrency & NFTs
Barcelona plans to enter into the metaverse landscape. The football club sees emerging technologies as a potential area that could enable it to shape its future shopping experiences and generate revenues.

The Sandbox Expands Footprints in Hong Kong for Alpha Season 3
Decentralized virtual gaming developer The Sandbox, a subsidiary of Animoca Brands, announced Thursday to roll out the first pop-up atelier in Hong Kong for the upcoming seasonal events.

Time Magazine to Add Ether to Its Balance Sheet as Part of Efforts to Support Metaverse Newsletter with Galaxy Digital
Under a partnership with Galaxy Digital, Time Magazine will hold Ether as part of its corporate balance sheet and produce metaverse-related content.

Walmart to Launch its own Crypto and Collection of NFT
US retailer Walmart is actively engaging in Metaverse, with documents filed with the US Patent and Trademark Office late last month, showing that the company is preparing to create its own collection of crypto and NFTs.

Bitpanda Launches New Crypto Indices for Long-Term Diversified Portfolios
Bitpanda, a digital investment platform, rolled out at least four crypto indices for investors, providing more options by helping them to diversify their portfolios.

Yuga Labs Acquires Roar Studios to Expand Metaverse Vision
Yuga Labs, known for Bored Ape Yacht Club, has agreed to acquire Roar Studios, enhancing its metaverse vision.

China Targets Overseas Telecom Fraud Leveraging Blockchain, Crypto, Metaverse, and AI
China's crackdown on overseas telecom fraud emphasizes legal action against crimes using blockchain, crypto, metaverse, and AI, aiming to protect public interests.

McDonald's Hong Kong Partners with Sandbox to Launch First Metaverse Experience, McNuggets Land
McDonald's Hong Kong has teamed up with The Sandbox to create the first Web3 experience platform. This partnership has resulted in the launch of "McNuggets Land", a unique metaverse gaming experience that marks the 40th anniversary of McNuggets.

Three Metaverse Reference Rates From CME Group
CME Group and CF Benchmarks will launch reference rates for Axie Infinity Shards AXS, Chiliz (CHZ), and Decentraland's MANA. Sector-specific portfolios may be priced using reference rates and indices. CME Group introduced Bitcoin and Ether options last year.

Web3-MI Develops CryptoVillages for Enhanced Crypto Gaming Experience
Web3 Metaverse Innovations Pty Ltd, or Web3-MI, an Australian-based crypto consultancy group, is at the forefront of creating CryptoVillages, a play-to-earn game, to boost the gaming experience.

PwC Hong Kong and TerraZero Partner to Explore Metaverse Products
PricewaterhouseCoopers (PwC) Hong Kong and Metaverse Technology Company TerraZero Enter into Collaboration to Explore Metaverse Products and Services.

Epic Games CEO Defends Metaverse
Epic Games CEO Tim Sweeney dismissed a recent article from Business Insider claiming that the Metaverse is "dead" and that virtual worlds have been abandoned by the business world. Sweeney cited the 600 million users across virtual world platforms as proof of the Metaverse's continuing relevance.

InfiniteWorld Attains Super Bit Machine for Best-In-Class Gaming, Web3 Experiences
Web3 and metaverse infrastructure firm InfiniteWorld has acquired Super Bit Machine to provide best-in-class experiences in the metaverse world by incorporating multiplayer and real-time game development abilities.

Shiba Inu Upcoming Developments Revealed: Shibaswap 2.0, Shibahub, Bone, TREAT, Metaverse
SHIB Inu team member Lucie announced upcoming developments on Twitter, including bone contract renouncing, Shibaswap 2.0, $TREAT, Shibahub, and Metaverse. She emphasized the team's focus on technology and its evolution, avoiding price pumping and emphasizing community cohesion and positivity.

Animoca Brands Cuts Metaverse Fund Target to $800M
Animoca Brands, a Hong Kong-based developer of blockchain gaming technology, has reduced its target for its metaverse fund by 20% to $800 million due to volatility in the crypto sector. The company's market capitalization has also fallen from $6 billion to below $2 billion, signaling a change in sentiment in the crypto industry.

Donald Trump's NFT Trading Card Collection
On Dec. 15, 45,000 self-themed trading cards were released for $99 apiece. The collection has generated approximately $1.2 million in secondary sales. Sewer Pass NFT transactions on secondary markets are strong. #NoNeoNFT emerged when the company's Solana network NFT collection failed. NUS claims the HaptGlove simulates touch and grip more realistically than conventional gloves.

KuCoin Labs Rolls Out Incubation Program with Univers Network to Boost Web3 Exploration
KuCoin Labs, the incubation and investment arm of crypto exchange KuCoin, has launched an incubation program with Univers Network to aid the exploration of the Web3 space.

Bybit-Backed Gaming Platform Enters the Web3 World for Enhanced Experience
Yeeha Games, a $50 million-funded GameFi platform backed by crypto exchange Bybit, has entered the Web3 world to act as the bridge between gaming and finance (GameFi) and traditional gaming.

Meta Urged to Halt Metaverse App for Minors
Advocacy groups, including Airplay and Common Sense Media, have written to Meta CEO Mark Zuckerberg calling for the company to halt its plans to allow minors onto its metaverse app, Horizon Worlds. They argue that Meta must first assess the potential risks of allowing youth on the app, citing concerns around harassment and privacy violations.

Shanghai, China, Launches a Comprehensive Technical Initiative for the Metaverse (2023-2025)
The Shanghai Municipal Science and Technology Commission announced today the release of its "Shanghai Metaverse Key Technology R&D Plan (2023-2025)".

NFT will Become the Revenue Model of Metaverse,Co-founder of Tether William Quigley says
William Quigley, the co-founder of the stablecoin- Tether (USDT), said the business model would undergo radical changes in the future. The delivery of non-fungible tokens (NFTs) will become the revenue model of Metaverse and Crypto.

A Colombian court recently hosted its first legal trial in the metaverse
The metaverse hosted Colombia's Magdalena Administrative Court's February 15 session. Maria Quinones, the court's Magistrate, called it "realer than a video call."

Colombia Holds Landmark Virtual Court Trial in Metaverse
Colombia's Magdalena Administrative Court conducted a trial in the metaverse on February 15, with participants appearing as avatars in a virtual courtroom. The trial involved a traffic dispute brought by a regional transport union against the police and lasted two hours. The verdict could also be given in the metaverse. Colombia is one of the first countries to test legal proceedings in the metaverse.

Huawei Research Indicates Metaverse Infrastructure Isn't Ready
Abhinav Purohit, Huawei Middle East's Chief Business & Strategy Consulting Expert, made the remarks. A metaverse is a shared virtual realm that lets remote users have realistic, spatially aware experiences. As of August 2022, GSA data shows 501 operators in 153 countries and territories investing on 5G.

Original Snow Crash Manuscript Goes Up for Auction
Snow Crash-inspired NFTs will also be auctioned.

NFT Collectors Buy for Status and Uniqueness
A recent survey by Metajuice found that 74% of NFT collectors buy for status and uniqueness, while 13% plan to resell. Real Vision CEO Raoul Pal believes NFTs are becoming status symbols like luxury cars and houses.

Meta Hires Keke Palmer to Help Demystify Metaverse
American tech giant Meta Platforms Inc hired Hollywood actress Keke Palmer to help drive the metaverse concept to the general public.

The Graph Onboards The Guild as Subgraph Developer with $48M Grant
The Graph Foundation has awarded a $48 million grant to The Guild to help develop subgraph solutions to build the We3.0 ecosystem.

Multinational Corporations Continue to File Trademarks in Web3, NFTs, and Metaverse
Multinational corporations, including General Motors, Lacoste, and Walmart, have continued to file trademark applications in Web3, NFTs, and the metaverse, despite the broader market downturn. In February alone, General Motors filed for two new trademark applications covering Chevrolet and Cadillac brands, while Lacoste filed five trademark applications for "CHAMPS-ELYSEES." Walmart also filed trademark applications for the "SamsClub" name and logo. Even amid the bear market, record numbers of trademark applications have been filed for NFTs, metaverse, and crypto-related products in 2022.

Emirates Airline to Roll Out Bitcoin Payment and Enter the Metaverse
To optimize customer satisfaction rates, Emirates Airline has revealed plans to adopt advanced digital solutions, such as cryptocurrency, metaverse, and blockchain.

Digital Transformation in Finance and Accounting Accelerated by Pandemic, ISG Reports
The 2023 ISG Provider Lens™ report highlights the global transformation of finance and accounting departments due to COVID-19 lockdowns and remote work, relying on external providers for digital strategies and outcome-based contracts.

Safety Groups Urge Meta to Halt Minors from Joining Metaverse
Safety groups have written a letter to Mark Zuckerberg’s Meta, asking the social media giant to cancel its plan of allowing teenagers and young adults to join its metaverse app, Horizon Worlds. The groups argued that minors would face potential risks, including harassment and privacy violations on the virtual reality app.

Animoca Brands refutes claims of scaling back metaverse fund target and plummeting valuation
Animoca Brands denied reports of scaling back its metaverse fund target by $200 million and a decrease in valuation from $6 billion to $2 billion. The firm acknowledged the impact of banking collapses but stressed that fundraising is still ongoing.

Meta offers lucrative pay packages for metaverse developers
Facebook's parent company, Meta, is offering its metaverse developers salaries ranging from $600,000 to almost $1 million, despite billions in losses for its virtual reality suite. CEO Mark Zuckerberg remains committed to Meta's long-term vision of the metaverse, even after the division responsible for its development recorded its largest yearly loss of $13.7 billion.

HKUST Designs First Virtual Campus in the Metaverse
Hong Kong University of Science and Technology (HKUST) announced its intention to establish the world's first physical-digital twin campuses in the Metaverse.

Mitsui Forms Strategic Partnership with Web3 Influencer Animoca Brands
Mitsui & Co., Ltd., a renowned Japanese trading company, has joined forces with Animoca Brands, a leading player in the Web3 industry.

Nissan Expands Web3 Efforts with Trademarks and Metaverse Auto Sales
Nissan has filed four new Web3-related trademarks in the US and is experimenting with auto sales in the metaverse in Japan. The trademarks cover its Infiniti, Nismo, and Nissan brands and include plans for virtual goods and a nonfungible token (NFT) marketplace. Nissan Japan is conducting a three-month "demonstration experiment" of its virtual store "Nissan Hype Lab," allowing customers to "study, consult, test drive and purchase Nissan vehicles" while in the metaverse. The company's moves are in line with other car manufacturers, including General Motors and Ford, who have also been actively filing trademark applications for Web3, crypto, NFTs, and the metaverse.

PwC Report: Asian Institutional Investors Opt for Third-Party Custody Solutions for Digital Assets
A joint report by Aspen Digital and PwC titled "State of Digital Asset Custody - Understanding and implementing digital asset custody for institutional investors" reveals a rising demand for institutional-grade digital asset custody solutions among family offices, high-net-worth individuals (HNWIs), and external asset managers (EAMs) in Asia.

Leading Sneaker MarketPlace Sets Foot in the Metaverse to Spur Innovations
The Edit LDN, a global sneaker marketplace based in London, has entered the metaverse by developing a premium store to drive its innovation a notch higher.

The Metaverse: The Future of Social Life?
In December 2022, CoinWire polled 10,000 crypto investors. 69% of respondents expected the metaverse to change social lifestyle with a new entertainment model, and 65% expected it to affect social activities.

Metaverse-related Market Size in China Expected to Reach $4T: JPMorgan Chase
The market of the Metaverse could triple China's online gaming market from $44 billion to $131 billion, according to a recent research report by JPMorgan Chase (JPM).

Japan PM Says Govt’s Digital Transformation Investments Will Include Metaverse, NFTs
Japan embraces the use ofweb3 related services like metaverse, NFTs, blockchain, as solutions to challenges facing the society.

FTX CEO Breaks Down Zuckerberg's Intent To Invest $10B/Year Into Meta
FTX CEO Sam Bankman-Fried on Saturday took to Twitter to break down the reason behind Zuckerberg rebranding his company Facebook to Meta and his intent to pump $10 billion every year into Meta.

China Mobile Launches Metaverse Industry Alliance, Involving Tech Giants Like Huawei and Xiaomi
On June 28, 2023, in Shanghai, China Mobile announced the formal establishment of the China Mobile Metaverse Industry Alliance during the Mobile World Congress (MWC) Shanghai 2023. This initiative marks a significant stride in China Mobile's strategic foray into the rapidly expanding metaverse landscape.

Visa Files Trademark Applications for Crypto Products, Including NFTs
Payment giant Visa has filed two trademark applications to the United States Patent and Trademark Office (USPTO) concerning cryptocurrency wallets, NFTs, and the Metaverse.

BIGG to Acquire Web3 Company TerraZero in $20M Deal
BIGG Digital Assets plans to acquire TerraZero Technologies Inc. for $20 million, a metaverse company with a 161% growth in Q1 2023. TerraZero will create a subsidiary for BIGG, with TerraZero's CEO serving a 12-month term.

Chinese Media Criticizes OKEx for Illegal Advertisements as Bitcoin Surges Above $30K
On June 27th, the Chinese media outlet Beijing Business Daily published an article titled "Bitcoin's Soaring Market Triggers Illegal Speculation Activities, OKX Resorts to 'Indirect' Marketing."

Epic Games and LEGO Group Partner to Build Family-Friendly Metaverse
Epic Games and LEGO Group have announced a long-term partnership to build a "family-friendly" Metaverse. The partnership comes shortly after Epic Games' $2 billion funding round aimed at accelerating the company's plans for the Metaverse.

Polygon Emerges as Second-Largest Blockchain Gaming Network
Polygon, a layer-2 scaling solution for Ethereum, has become the second-largest blockchain gaming network with 138,081 unique active wallets engaging in games in March. Polygon surpassed third and fourth-ranked Hive and BNB Chain, with Wax in the first place with 314,000 UAWs. Polygon's surge in user activity was primarily due to Hunters On-Chain, which saw a UAW increase of over 17,000% in the past 30 days alone. Polygon is gaining recognition as a gaming blockchain and has notched big-name partnerships such as Warner Music, Starbucks, and Adobe.

South Korea Invests in Metaverse Fund for Economic Growth
The South Korean government has invested 24 billion Korean won ($18.1 million) in a fund dedicated to driving metaverse initiatives in the country, with a total fund of more than 40 billion Korean won ($30.2 million). The Metaverse Fund will support the mergers and acquisitions of various firms in the metaverse ecosystem and help domestic metaverse-related companies compete with global players, as the government sees the metaverse as a new economic growth engine.

S. Korea's Democratic Party Backs Support for Crypto, Metaverse
Song Young-gil, leader of the ruling Democratic Party, stated that the South Korean government should stop the crackdown on the crypto sector and start nurturing it instead.

The Sandbox, FlickPlay Collaborate to Accelerate Interoperability in Metaverse
With the metaverse expected to be worth between $8 trillion and $13 trillion by 2030, virtual world gaming platforms The Sandbox and FlickPlay have joined hands to enhance its adoption by offering players a blockchain asset.

The Sandbox partners with Ledger Enterprise for NFT security integration.
The Sandbox has partnered with Ledger Enterprise to develop security integration for its partners. The collaboration will enable the migration of nonfungible token collections to the Ledger wallet, and The Sandbox will appear as a DApp on Ledger Enterprise.

$707 Million Investment in Metaverse So Far in 2023 Despite Metaverse Land Collapse
Despite a significant downturn in the virtual world market and a drastic drop in metaverse land prices, the metaverse industry has attracted substantial investment in 2023. According to a recent report by DappRadar, venture capital funds have invested $707 million into metaverse projects this year.

Bored Ape Yacht Club wins legal battle, Mandala Metaverse selects Polkadot, Square Enix partners with Elixir Games, and Cricket Stars launches on Tezos
Yuga Labs, the creators of the Bored Ape Yacht Club (BAYC) NFT collection, have won a legal battle against Ryder Ripps and Jeremy Cahen, the creators of the RR/BAYC NFT collection. Mandala Metaverse has chosen Polkadot to host its first major NFT drop, called the "Cryptonauts". Square Enix has partnered with Elixir Games to bring blockchain gaming to the mainstream. Cricket Stars, a multiplayer NFT cricket strategy game, has been launched on the Tezos blockchain.

YouTube New CEO is Web3-friendly
Given the new CEO's emphasis on Web3's prospects, YouTube may undergo a Web3 shakeup.

Animoca Brands refutes claims of scaled back metaverse fund and plummeting valuation
Venture capital firm Animoca Brands denies claims of reducing its metaverse fund target by $200 million and a significant drop in its valuation, citing inaccurate reporting. The firm acknowledges the impact of banking collapses on fundraising but states that the final amount raised for the fund is yet to be determined.

China's Shanghai Prioritizes Blockchain, Web3.0, and Metaverse in Three-Year Manufacturing Development Plan
Shanghai, a front-runner in the deployment of emerging technologies in China, has recently announced its ambitious "Three-Year Action Plan for Promoting High-Quality Development of Manufacturing (2023-2025)." This strategic initiative was revealed by the Shanghai Municipal Government Office, highlighting the city's commitment to accelerating the development of its digital economy with a focus on Blockchain, Web3.0, and the Metaverse.

At CES 2023, Touch And Scent Dominate The Metaverse
At CES 2023, metaverse-focused startups showed VR with scent. OVR Technology exhibited a headgear with eight odors that can be blended to create different fragrances. The metaverse might be worth $5 trillion by 2030, according to McKinsey & Company.

Meta's Virtual Reality Programmers Earn $1 Million
Meta’s virtual reality programmers earn up to $1 million, according to anonymous sources. Despite significant losses in its metaverse-building division, the company's CEO, Mark Zuckerberg, is committed to its long-term vision.

Nvidia Plans to add Innovation in the Metaverse with Software, Marketplace Deals
Nvidia Corporation has set its eyes on adding more creativity in the metaverse based on various marketplace and software deals.

OKX Launches Dias Metaverse Fan Experience
OKX, a cryptocurrency exchange and Web3 technology developer, has announced the launch of a metaverse fan experience in collaboration with Manchester City footballer Rúben Dias. The immersive experience allows fans to virtually experience Dias’ favorite training techniques and receive coaching and tips.

Japan's Tech Companies Collaborate to Build Open Metaverse Infrastructure
Several tech companies in Japan have signed an agreement to create the Japan Metaverse Economic Zone and an open metaverse infrastructure called Ryugukoku. The infrastructure will serve as a new social infrastructure for enterprise digital transformation and enable interoperability across different platforms.

Hong Kong International Airport Launches First-Ever Metaverse
Hong Kong International Airport (HKIA) has partnered with JCDecaux Transport Hong Kong to introduce the first-ever HKIA Metaverse.

WildWorks Joins Crypto Games, Launching Tokenized Avatars and Virtual Worlds in Jan
Interactive game company WildWorks said it will enter the field of encrypted games and establish a new department focused on the development of the NFT virtual game community.

BSN Has Partnered with MetaverseSociety to Launch the South Korean BSN Portal Operator in November
BSNbase has partnered with the South Korean MetaverseSociety to launch the BSN portal operator in November, supporting Korean developers to quickly and efficiently build and operate blocks through its localized BSN platform Chain application.

UK lawmakers propose metaverse-specific online safety bill
Members of the House of Lords are of the opinion that activities taking place in the metaverse need to be included into any law that is written in the United Kingdom with the goal of regulating certain internet services.

Rising Use of Metaverse Could Pose Systemic Risk, Says Bank of England
Staffers at the Bank of England have announced that the rise of metaverse may cause a systemic risk to financial stability. The researchers said that would require strong consumer protection frameworks.

China's Shanghai Unveils Action Plan to Forge a New Path in the Metaverse Tourism Industry
Shanghai has taken a significant step in the realm of metaverse tourism with the release of the "Shanghai Action Plan for Creating a New Path in Metaverse Tourism (2023-2025)". The plan, unveiled by the Shanghai Municipal Bureau of Culture and Tourism, outlines the city's strategic focus on five key areas to propel the development of metaverse tourism in the coming years.

MetaWeek to Take Place in Dubai on March 7-10, 2022, Shaping the Future Trends for Metaverses and Blockchain
Investors, NFT artists, blockchain brightest minds, DeFi experts and DAO representatives will converge to UAE for a week-long event with a full-scale trailblazing digital and physical networking experience. Community leaders will discuss what will define development of blockchain space and the upcoming realm of Metaverses.

BNB Chain: Driving the Next Billion User Revolution in Web3, NFTs, and the Metaverse – An Exclusive Interview
Discover BNB Chain's strategy for onboarding 1 billion Web3 users, bridging the decentralized tech gap, managing transaction costs, and future platform developments in our exclusive interview.

Crypto Talk with OliveX's CEO Rumjahn: Move-To-Earn Fitness App & DOSE Token
Exclusive: Blockchain.News spoke to Keith Rumjahn, CEO of OliveX and Founder of DOSE token, to explore the potential development of a move-to-earn app and how cryptocurrency shapes the virtual fitness industry.

HK's PANGU Constructs Virtual Space in Metaverse, Expanding P2E Model for Business Growth
Speaking to Blockchain.News in an exclusive interview, Hong Kong-based graphic design and production start-up PANGU, a metaverse agency appointed by the Sandbox, provides one-stop-solution services for clients to establish and develop their own virtual land in the Metaverse.

Unstoppable Women of Web3 Leads Initiative to Provide Web3 and Metaverse Education for 6 Million African Women
The initiative will consist of free digital identities, educational streams, online courses, in-person networking, and more to bring more women in Africa into Web3 and the metaverse

OKX and Manchester City’s Rúben Dias Debut ‘Train Like Dias’ Global Metaverse Training Experience
OKX, the world’s second-largest crypto exchange by trading volume and a leading Web3 technology company, today debuted ‘Train Like Dias’ its first ‘OKX Collective’ immersive metaverse fan experience featuring OKX ambassador and Manchester City player Rúben Dias.

Affyn Unveils Singapore As First NEXUS World Metaverse City
In addition to its ongoing Flag sale, Affyn is advancing its NEXUS World metaverse, revealing Singapore as the inaugural metaverse city of Affyn’s NEXUS World. The first metaverse city features 2,000 plots of Freehold Land NFTs, with many more cities to be unveiled in the coming months.

Jack Grealish and Oliver Heldens Debut Musical Collaboration with Exclusive DJ Set in OKX Collective Metaverse
OKX, one of the world’s leading Web3 technology companies, today hosted an exclusive DJ set performed by Manchester City star Jack Grealish and legendary DJ Oliver Heldens in its OKX Collective metaverse.

Enhancing Metaverse Integration: My Neighbor Alice joins the Board of Directors of OMA3
My Neighbor Alice, the fully-decentralized open-world game, is proud to announce that its Chief Product Officer (CPO) has joined the board of directors of OMA3 (“Open Metaverse Alliance for Web3”).

Crypto Assets Conference 2023 (CAC23A) | March 29 to March 30, 2023 | Frankfurt School of Finance & Management
As crypto jargon makes its way into everyday business, Bitcoin and Ethereum disrupt the traditional understanding of currencies and the use of DeFi in traditional banking is increasingly inevitable - the world of digital assets evolves and matures in unprecedented style. With Web3 having the ability to revolutionize how society interacts and tokenization transforming the concept of ownership, blockchain technology has more use cases than ever before. Increasingly, established industries adapt to these use cases and a future without digital assets becomes unthinkable.

Sensorium Galaxy Enters Public Playtest and Lays Out Global Metaverse Vision
Sensorium is announcing that the Sensorium Galaxy metaverse has entered its much-awaited VR multiplayer public playtest as it opens up access to more virtual reality and content features inside virtual worlds, while also laying out a new metaverse doctrine.

OKX and Manchester City Captain İlkay Gündoğan Launch Football Masterclass in the Metaverse
OKX, the world’s second-largest crypto exchange by trading volume and a leading Web3 technology company, today launched “Make Your Play”, an immersive metaverse experience in which fans can attend an exclusive tactical football masterclass from Manchester City captain İlkay Gündoğan.

Spheroid to Launch AI Avatars in Augmented Reality
Spheroid Universe, a futuristic Metaverse that augments the real world in every part of the Earth, has announced the upcoming launch of artificial intelligence (AI) Avatars that will inhabit the world around us via augmented reality (AR). This ground-breaking development will deliver breakthrough opportunities across numerous business platforms - from e-commerce and retail to advertising, sales, general customer, and consumer interactions and more.

MetaWeek in Dubai to bring together artists, NFT creators, investors, and blockchain Masterminds
A week-long event, set for March 7-10, 2022, will cover how paradigm-shifting technologies revolutionize and scale in industries like finance, art, cybersecurity, media and investment.

Affyn Reveals The Next 44 Cities Set To Join NEXUS World Metaverse
SINGAPORE - FEB. 2, 2023 - Fresh from the success of its “City Launch Wave 0,” Singapore-based blockchain startup, Affyn, is preparing to launch London (750 plots), Dublin (500 plots) and Glasgow (500 plots) as part of Wave 1, in conjunction with the 44-city reveal of their flagship metaverse, NEXUS World.

Animoca Brands Lands $75m in New Funding
In its latest funding round, digital entertainment, blockchain, and gamification outfit, Animoca Brands announced it has raised the sum of $75 million.

Cypher Capital Rolls Out Worth $100m Blockchain and Digital Assets Fund
To expand the blockchain ecosystem, UAE-based venture capital firm Cypher Capital has launched a $100 million seed fund with a special interest in digital asset investments.

HBAR Foundation Launches $250m Metaverse Fund
The HBAR Foundation launched a $250 million Metaverse Fund, which aims to integrate Hedera Hashgraph's Web3 metaverse world for consumer brands.

Invesco Unveils Metaverse Fund to Tap into £1.4 Trillion Opportunity
Invesco has launched the fund to invest in startups building the metaverse. The fund will invest in large, medium, and small-scale businesses worldwide.

ProShares Files for New Metaverse ETF With U.S. SEC
The metaverse is likely going to see an exchange-traded fund from ProShares, according to a Tuesday filing with the U.S. Securities and Exchange Commission, Bloomberg reported.

Metaverse Gaming Firm MetaBlaze to Conduct Second Round of ICO on April 20
MetaBlaze, a metaverse and blockchain-driven gaming company, will conduct its second ICO round on April 20 at 9 AM EST.

Atmos Labs Pulls $11m in Seed Round to Bolster Metaverse Development
Atmos Labs Inc, a metaverse gaming protocol, has raised the sum of $11 million in seed funding, as it looks to double down on its metaverse development push.

Animoca Brands Partners with Untamed Planet to Develop Untamed Metaverse
Animoca Brands has announced a partnership with Untamed Planet to develop and publish Untamed Metaverse, a game to help nature conservation efforts.

Space Runners Raises $10M Funding to Democratize Blockchain-Backed Fashion Metaverse
Space Runners announced that it raises $10 million in a funding round co-led by Polychain and Pantera Capital. The company wants to use the funding to expand its NFT product lines.

Metaverse will change the world in 2022
After Facebook has announced to change its name to "Meta" last summer, the whole world has focused on a term called "Metaverse". The word "Metaverse" has been searched in Google and Youtube every day. However, Meta is not a decentralized organization that is not a Decentralized Autonomous Organization (DAO), a Web.30 concept, and GameFi players may not like it.

Big Names Enter Metaverse
Why there are so many big names entering the Metaverse? It is probably because of fear of missing out.

3 Good Reasons Why Investors Should be Optimistic About the Future of Crypto
Amidst the ups and downs the market has experienced in recent times, here are the top three reasons to stay positive as the market journeys onto more maturity.

Exploitation in the NFT World is Real But Are They Preventable?
Blockchain.News recently spoke to three industry leaders to explore NFT-linked security weaknesses and solutions. Experts suggest investors should always do their own due diligence before injecting funds into any project, no matter the hype.

Jewellery Provider SFLMaven Rolls Out Bitcoin Payments, Eyeing for Metaverse
SFLMaven, a luxury jewellery and goods provider, has started accepting Bitcoin payments in the real world and the metaverse for high-end vintage jewellery items.

Chinese corporations offer metaverse World Cup viewings, X2Y2 backtracks on royalties, and more.
China-based technology companies are reportedly working on tech that would give Chinese soccer fans the ability to watch the FIFA World Cup within the metaverse. Video streaming platform Migu is one of six Chinese firms that has secured the rights to show the World Cup. The efforts are part of a five-year plan released by the Chinese government in early November to boost the local virtual reality industry.

Decentraland's Virtual Land Sells for a Record Value of $2.4m in Mana tokens
A piece of virtual real estate in Decentraland was sold for a record value of $2.4 million in cryptocurrency, according to Reuters.

Top Three Altcoins to Watch This Week: DOT, AVAX, and MANA
With a mildly volatile weekend done with, investors are looking forward to another new week in hopes of charting a positive trade history across all markets. Here are three altcoins to watch ahead of the new week.

Mastercard Files for 15 Crypto & Metaverse Related Trademarks
Mastercard has filed for 15 trademarks related to NFTs, crypto and metaverse.

Tencent to Offer Metaverse Business Support in Japan before Feb
Tencent reportedly will launch services for supporting the virtual space "Metaverse" business to Japanese companies before February.

$75M Capital Raised by Blockchain Founders Fund for Metaverse and Web3
Singapore-based venture capital Blockchain Founders Fund (BFF) has announced the launch of a new Venture Capital Fund II to support emerging projects in the cryptocurrency, Metaverse and Web3 space.

Facebook Sets up $50M Investment Fund for the Development of Metaverse
Social media giant Facebook announced a two-year grant of $50 million to strengthen the interpersonal connection between reality and virtual reality, consumer hardware and promotion of Metaverse products' development.

$400M Funding helps Gemini valued at $7.1B to Build a Decentralized Metaverse
American cryptocurrency exchange Gemini raised $400 million through growth equity financing, led by Morgan Creek Digital. Now it is valued at US$7.1 billion.

Meta Cuts 11,000 Jobs to Focus on Core Areas Including the Metaverse
Meta Platforms has cut 11,000 jobs but is still committed to its metaverse pursuits

HSBC Enters Metaverse Space through Collaboration with the Sandbox
HSBC is leaping into the metaverse to engage with customers, increase sales, widen its social media reach, and demonstrate its relevance.

American Express Weighs Entry into Metaverse and NFTs Business, Trade Filing Shows
American Express could get into the field of metaverse and NFTs, which have become a key value driver within the financial industry.

Sandbox Launches Metaverse Accelerator Program, Offering $50M for 100 Startups
Virtual Metaverse gaming platform Sandbox has launched the Metaverse accelerator program, which will provide 100 startups with $50 million in start-up capital to promote the development of the Metaverse.

Japanese Entertainment Conglomerate Konami Enters Metaverse by Offering Web3 Jobs
Japanese entertainment firm Konami is hiring more talents on Web 3 to enable it to expand its footprint into the metaverse space.

Fidelity Launches Two ETFs Tracking Metaverse and Crypto Sectors
The new ETF offerings enable Fidelity investors to participate in the emerging digital assets ecosystem through exposure to related equity securities.

Samsung Asset Management to Launch 1st APAC Metaverse Theme Active ETF on HKEX
Samsung Asset Management (Hong Kong) Limited to launch the first APAC metaverse theme active ETF in Hong Kong with Samsung Asia Pacific ex NZ Metaverse Theme ETF (Stock code: 3172.HK), which is expected to list on HKEX by July 7.

Tech Stocks to Grow this Year thanks to Crypto & Metaverse, Wall Street Analyst Says
Cyrus Mewawalla believes that tech companies whose operations extend into the metaverse and crypto will end up in gains at the end of the year, despite the massive uncertainties that might be experienced in the stock market this year.

Metaverse Gaming Features Already Exist in Web2, Says Microsoft Gaming Boss
Phil Spencer, the CEO of Microsoft Gaming, highlighted that gamers nowadays do not really understand the thrill of the metaverse “because the technologies proponents claim as novel are ones they have experienced in games for years.”

Buying Land in Metaverse is "Dumbest Sh*t Ever", Says Billionaire Mark Cuban
Mark Cuban may be a crypto fan and Bored Ape Yacht Club (BAYC) owner, but he sure is a big critic of metaverse land sales that is making the rounds today.

Former Disney CEO Bob Iger Enters into Metaverse, Investing in Meta Company Genies
Bob Iger has become a new co-owner of Genies, as the metaverse firm raised fresh capital to accelerate its growth. Iger has made his first investment in the metaverse area.

Top Indonesian Football Club Enters the Blockchain Gaming Arena, Partnering with LGG
To offer its fans new experiences in the blockchain gaming sphere, two-time Indonesian football league champion Persib Bandung has partnered with Liberty Gaming Guild (LGG).

NFT Transactions Projected to Hit $40m by 2027 amid Metaverse Trend
NFT transactions are expected to reach $40 million by 2027 as the metaverse trend continues gaining steam, according to a report by Juniper Research.

Virtual Assets Investment Opens Opportunity to H.K. Residents, While Adrian Cheng Invests in Sandbox
As residents in Hong Kong struggle to purchase physical property, The Sandbox's virtual assets could be a lucrative investment opportunity for many.

NFTs to be Instrumental for Fashion Industry in the Metaverse, GlobalData Analyst Says
With NFTs continuously taking the world by storm, these digital assets are perfect for fashion in the metaverse, according to Amrit Dhami, a thematic analyst at GlobalData.

HK-based Animoca Brands Partners with S. Korea's Cube Entertainment for K-pop Metaverse & NFTs
Animoca Brands is partnering with Cube Entertainment to build a metaverse and non-fungible tokens as K-pop has been taking the world by storm.

MLB is Looking to Hire an Expert to Expand its Metaverse Presence
The Major League Baseball is looking to fill a metaverse role to boost its engagement in the space

NFT, Metaverse Trademark Applications for 2022 Has Surpassed 2021
According to US Trademark lawyer Mike Kondoudis, the Web3.0 and Metaverse trademark-related applications for this year have already surpassed the total recorded in 2021.

Tron Filmmaker Donald Kushner Creates Cryptosaurs in Metaverse & NFT Collections
Filmmaker and creator of the classic American tech film Tron, Donald Kushner, and his Gumbotron production team teamed up with Forj, a subsidiary of Animoca Brands, to create a new metaverse called Cryptosaurs and launch a related NFT collection.

XVI Citizens to Introduce 16 Personalities as NFTs
The 16 Personalities idea is turning into non-fungible tokens (NFTs) and entering the metaverse for the first time through the XVI Citizens project.

Ford Makes NFT Entry With Trademark Applications
American automobile giant Ford Motor Company is making a grand entry into the metaverse and Web3.0 ecosystem through its targeted trademark applications.

Hong Kong to Host One of Asia's Largest NFT Exhibitions in June
One of the largest non-fungible tokens (NFTs) exhibitions in Asia titled "ARTAVERSE" will be hosted in Hong Kong starting on June 3.

CVS Pharmacy Files for NFT and Metaverse Trademarks Registration
Healthcare giant CVS Pharmacy has filed for a new trademark with the intention of offering Non-Fungible Token (NFT) related products.

Lamborghini Ventures into NFTs with New Collection
Italian luxury car manufacturer Lamborghini is launching its own Non-Fungible Token (NFT) collection to cement its foothold in the emerging digital art world.

Sportium Announces Strategic Partnership with Dapper Labs
Sportium has announced the successful close of investment from Dapper Labs with both signing an MOU as they both pursue a strategic partnership in helping Sportium fulfil its potential.

Sotheby's Metaverse to Launch Largest NFT Charity Auction with Sostento
Sotheby’s Metaverse announced that it has partnered with Sostento for the "biggest non-fungible token (NFT) charity auction ever".

Adidas' new NFT Collection Owners to get Custom Merch Access
Adidas is launching its Non-Fungible Token (NFT) collection named ‘Into the Metaverse’ on December 17 as the global apparel brand looks to extend its foothold in the NFT space.

Yahoo Hong Kong to Launch NFTs Products for Pet Lovers
City Frenchie is already being built in Metaverse. Yahoo will launch the first NFT project at a prime location on the virtual island of Hong Kong.

Krafton Partners with Solana Labs to Develop blockchain-based Games
Game developer for PC and mobile devices Krafton partners with Solana Labs to develop blockchain-based games and services in the Metaverse world.

CSOP to List First Metaverse Concept ETF on HKEX
CSOP Asset Management Limited is set to launch Hong Kong's first Metaverse exchange-traded fund on February 21, 2022, according to the company's disclosure document.

President Erdoğan of Turkey Intends to Host Virtual Forum in the Metaverse
Turkey's President has instructed officials of the ruling Justice and Development Party (AK Party) to conduct work on new developments, including metaverse.

Manchester City to Build Etihad Stadium Replica in the Metaverse
Premier League Champions, Manchester City, is making plans to build a replica of the Etihad Stadium in the metaverse.

Binance Invests another $5m in Metaverse Startup Ultiverse
Binance is putting in a fresh $5 million investment in metaverse gaming startup Ultiverse, after leading a $4.5 million seed investment a week earlier for the firm.

Flipkart Introduces Avenue for Indians to Shop in the Metaverse
Flipkart has launched the Flipverse campaign to enable to Indians shop in the metaverse

Indian Couple Tie their Knot in the Metaverse, Offering 3D Experience for 500 Guests
Have you ever thought about getting married virtually? An Indian couple decided to arrange their first wedding of its kind in the metaverse.

Meta's Metaverse Division Reports 3rd Quarter Loss of Over $3.7B
Meta's Facebook Reality Labs division has reported a third-quarter loss of over $3.7 billion, making only $285 million, according to its earnings report released on Wednesday.

Hong Kong's Regal Hotels Announces Entry into Metaverse with Project MetaGreen
Hong Kong's Regal Hotels Group has announced its entrance into the metaverse with project MetaGreen, scheduled for completion by October 2022.

Metaverse Giants Collaborate to Form DAO Metaverse Alliance
Metaverse developers have collaborated to form the DAO Metaverse called "Open Metaverse Alliance for Web3" (OMA3), aiming to provide enterprises with new decentralized business models.

Following Meta, Yahoo Announces Metaverse Activities in Hong Kong
Yahoo plans to launch a series of metaverse activities in Hong Kong to explore the use of immersive advertising technologies.

Puma Launches Metaverse Space Black Station for Displaying NFTs
Puma has entered the metaverse by launching an interactive space titled Black Station to showcase limited edition NFTs based on its sneakers.

Neopets Announces Neopets Metaverse Version Release
Neopets Metaverse announced to launch of a Metaverse product to enhance generational memories and experiences for Neopians and its users.

MetaHollywood Aims to Become Largest Hollywood-Themed Metaverse
MetaHollywood is building the largest online community within a Hollywood-themed metaverse following a joint venture between Animoca Brands and the Planet Hollywood Group.

Consulting Giant KPMG Gets into Metaverse Business
KPMG has become the latest major corporation looking into the niche world of the metaverse, with the firm reporting a surge in interest. The move is an attempt by the firm to offer a more immersive experience to its millions of users across the globe.

52% of Game Developers Concern about Regulatory Uncertainty, Report says
A new report from the Blockchain Game Alliance (BGA) showcases the majority of active developers about 52% in the space are concerned about the impacts of regulations in the near future.

The Metaverse Enjoys Potential to Revamp Existing Brand Marketing, HashCash CEO Says
Thanks to a 7,200% surge in internet search volumes last year, the metaverse will be a revolutionary innovation that will reshape brand marketing, according to HashCash Consultants CEO Raj Chowdhury.

Drone Racing League Partners with Hivemind's Playground Labs, Launch First P2E Game on Algorand Blockchain
Professional drone racing League joins the Metaverse world by launching its first game on the Algorand blockchain in partnership with Playground Labs.