Incredible as it may seem, digital fashion has developed so much that it already needs its own fashion week with all that implies: from the shows and presentations of new collections to public talks and parties with true DJs. The first-ever digital fashion week took place March 23-27 in Decentraland, a decentralized virtual social platform on the Ethereum blockchain. Previously, Jonathan Simkhai presented his collection in Second Life right before New York Fashion Week. After the show, skins of evening outfits could be purchased at NFT to dress up users’ avatars in Second Life. Decentraland also held the first full-fledged …

Nonfungible tokens (NFTs), decentralized finance (DeFi) and the Metaverse are three of the hottest trending topics in the cryptocurrency ecosystem and each is helping the world slowly move toward the mass adoption of blockchain technology. One project looking to capitalize on these trends is CEEK VR (CEEK), a entertainment and creator-focused platform aiming to use virtual worlds to connect music artists, athletes and digital content creators with their fans. Data from Cointelegraph Markets Pro and TradingView shows that since trading at a low of $0.289 on March 15, the price of CEEK has gained 123% to hit a daily high …

It is hard to resist the vision spun to us by Meta (formerly Facebook) and other virtual world platforms. A digital utopia that can transform lives in multiple ways — whether how we socialize, work or even stay healthy — is a hard one to refuse. This is especially true when considering that these platforms are being described as the biggest technological disruption to human life and a multi-trillion dollar opportunity for businesses. However, there is skepticism from some that this is all too good to be true — at least for now. The technological architecture that would allow this …

The HBAR Foundation, a not-for-profit independent organization of distributed ledger firm Hedera Hashgraph, has announced the establishment of a $250 million dollar metaverse fund to drive consumer brand adoption of tokenized Web3 applications. The foundation’s team has identified applications within both the Web3 and Hedera ecosystems building direct from business-to-consumer, and acting as a reciprocal middle-man between all parties for the metaverse fund to focus their efforts across four sectors: blockchain gaming, brands and collectibles market, sporting experiences, and institutional metaverse opportunities. The fund's inaugural recipient, Sayl, operates an owner relationship management (ORM) platform focused on strengthening the commercial connection …

Blockchain-based games are still yet to take the world by storm. Big developers are testing the waters, and the smaller teams have yet to master a successful project. With little familiarity, many games still focus on the nonfungible token (NFT) component more than the gameplay itself, with many releases being as simple as pet breeding or other character collectibles. Consequently, if you remove NFTs from new project releases, games will have no leg to stand on due to the lack of intelligible gameplay. However, it is believed for these games to take off, developers need to start putting interesting gameplay …

The billion-dollar music industry has shown recent interest in nonfungible tokens (NFTs) as musicians everywhere are beginning to understand the power of moving away from centralized business models. This concept is currently being demonstrated by early innovators like the popular rapper Snoop Dogg, who recently acquired Death Row Records with plans to transform the company into the first NFT recording label in the Metaverse. Country music icon Dolly Parton also recently launched her first NFT collection dubbed “Dollyverse,” which consists of tokenized artwork and music as part of a promo for her album Run, Rose, Run. NFTs: A topic of …

Thursday marks the fifth anniversary of Spells of Genesis; generally regarded as the very first play-to-earn blockchain game. EverdreamSoft, the game studio behind SoG, first distributed many of the game's trading card-based NFTs back in 2015, though its mobile trading card game did not go live until 2017. To commemorate the occasion, Everdream Soft announced the opening of an NFT History Museum within the CryptoVoxels metaverse on April 20. This virtual exhibition will feature new and vintage SoG cards as well as assets from various other popular NFT collections. Spells of Genesis fuses a trading card game with point-and-shoot arcade …

People across the planet are gearing up for the metaverse, a virtual realm where digital and physical reality meet. Many have already developed an appreciation of the value stored within a digital asset such as nonfungible token (NFT) land or NFT art. However, this mindset change is only the beginning. After all, with digital currencies and assets as the foundation of a new world, who is to say, these applications can’t extend further with careers, businesses and entire global empires being built in the metaverse. Consider that core to the metaverse is an independent virtual economy, presenting an ideal foundation …

Global banking giant HSBC Holdings has rolled out its metaverse investment product for wealthy clients in Singapore and Hong Kong, according to multiple media reports. Called Metaverse Discretionary Strategy portfolio, the new product is managed by HSBC’s asset management arm, HSBC Asset Management. The fund aims to provide high net worth professional investors and accredited investor clients with exposure to new investment opportunities in the metaverse industry. According to a Wednesday report by Reuters, HSBC’s metaverse fund will focus on investment within five major segments in the metaverse ecosystem, including infrastructure, computing, virtualization, experience and interface. “We see many exciting …

Nonfungible tokens (NFTs) have generated mainstream interest over the last year. A yearly market report from NonFungible found that the total value of all NFT transactions worldwide surpassed more than $17 billion in 2021, up from $82.5 million in 2020. The report also pointed out that “NFT” was selected as Collins Dictionary’s word of the year for 2021. Given the increasing amount of interest NFTs create, a number of events dedicated entirely to nonfungible tokens are also taking place, attracting a mix of both crypto enthusiasts and non-crypto natives. This was recently seen during NFT LA, a four-day-long conference that …

A new study shows that developers believe that the metaverse may become the “most popular” way to buy and sell crypto someday. The study, commissioned by API provider Agora, surveyed 300 developers' thoughts and ideas about the metaverse. "Since they will be positioned on the front lines of practically every development that takes place in the metaverse, their thoughts and opinions ultimately carry a great deal of weight," says Tony Zhao, the founder and CEO of Agora. The survey shows that 57% of developers believe that the metaverse will someday be the most prominent way to trade crypto. However, 1 …

What is it with these sly, funny, but boring looking apes that continue to make headlines? Many collectors argue that it’s less about the image itself and more about the culture, social capital and wealth the community of owners have gained from Bored Ape Yacht Club (BAYC) that give the collection its value. Amassing over $1.42 billion in total volume, the community entrusted that the creators would deliver on its promise for token emission. On March 17, BAYCs utility and governance token, ApeCoin (APE) was made eligible to claim for BAYC and Mutant Ape Yacht Club (MAYC) holders. According to …