The gaming industry, which has always been synonymous with fun, has grown massively in recent times, and a lot of money is now being mentioned when gaming comes up. Since the introduction of Web 3.0, there has been immense growth in the industry. At the end of 2019, the global gaming market was reportedly worth $152 billion. This growth has meant that, since the introduction of Web 3.0, there has been a consistent rate at which Web 3.0 games are growing and garnering increased adoption. A lot of money is being made, and this has, in turn, attracted a lot …

The cryptocurrency world includes many unknown nuances to new users, making it increasingly difficult for users to navigate their way around. Crypto Twitter, Telegram, and YouTube contribute to the currency ecosystem of disjointed information that users face. Fortunately, the concept of the metaverse might have the ability to unite information. In simple terms, the metaverse is aimed to bring interconnected experiences together into a single virtual environment. These otherwise isolated experiences are then crafted in a way that is logical to the user. For example, a user might explore artwork and videos in a game by walking into a virtual …

Facebook has announced it will allocate $50 million to a two-year fund tasked with beginning work on realizing the firm’s vision for a virtual metaverse. A Monday announcement articulates Facebook’s roadmap for building its metaverse, with the funding slated to back “global research and program partners” looking to build out the platform in addition to internal research. “The metaverse won’t be built overnight by a single company. We’ll collaborate with policymakers, experts and industry partners to bring this to life,” emphasized the announcement. The metaverse will allow people to interact with one another, digital objects and the physical world through …

The auction of Yuga Labs’ 101 Bored Ape Yacht Club (BAYC) collection has smashed through expectations with a winning bid of $24.39 million. The auction closed on Friday and was hosted by the prestigious auction house Sotheby’s, which had estimated earlier that the collection would fetch between $12 million and $18 million. The bundle of nonfungibles consists of 101 Bored Apes and three M1 and three M2 “mutant serum” NFTs. When a Bored Ape token is combined with an M1 or M2 serum, it enables the holder to mint a new Mutant Ape NFT that keeps the same traits of …

The launch of this space-themed NFT collection gives users access to an intergalactic metaverse including an NFT game, yield farming service and digital art collection. It all starts in a metaverse where an intergalactic war breaks out. Four thousand inhabitants from different blockchain planets, including Bitcoione, the largest planet in the Universe, and Cardaggar, a self-governed society, must take refuge in an abandoned city. Here, they build a new society called ‘SIDUS.’ To distance themselves from their past stories and the clashes that happened between planets; the inhabitants choose a new identity for themselves under the name “NFT Heroes.” These …

While the COVID-19 pandemic decimated certain industries like tourism and retail, other entirely new industries have emerged. Two years ago, the concept of a “metaverse” was virtually unknown. Today, the term is trending everywhere online, with new companies and funds entering the space every week — billions of dollars have already been poured into this industry. Just last week, Mark Zuckerberg announced that Facebook will become a metaverse company. Meanwhile, few “metaverse” companies have any real scale or customers, which makes it easy for onlookers to dismiss it as a trend that may flame out. We would caution against that. …

An NFT collection inspired by the red planet provides users with a virtual journey into space. Like other metaverses, this platform offers virtual experiences and environments that continue to gain momentum during the online shift triggered by the pandemic. Humans are fascinated by Mars — and building off their desire to explore space, this NFT collection is inspired by the moving red dot in the night sky. Users can experience the real Mars surface with gamification and decentralized creativity as reality and fiction merge in the metaverse. A journey into space The metaverse world has been designed to blur the …

As nonfungible token sales appear reanimated after a nearly two-month dry spell from their apex in May, a particular NFT application is gaining popularity more than ever: metaverses. Metaverses have gained their fair share of media attention lately, with big moves coming from companies like Facebook and Epic games. However, not everyone — even those who have been in crypto for a long time — has caught on to what metaverses are, despite the hype. But as more companies, celebrities and artists venture into the space, it has become another domain that deserves some thorough consideration. The Metaverse is a …

Australian crypto influencer and Nuggets News founder Alex Saunders is facing backlash over his nonfungible token (NFT) sale from late last year. Nuggets News is a paid group providing technical analysis and crypto tips to subscribers that was founded by Saunders in 2017. As of Tuesday, Nuggets News had roughly 146,000 subscribers on YouTube. In November 2020, Saunders minted 100 NFTs comprising tokenized tickets he said would grant holders access to an exclusive Nuggets News community headquarters being developed in the crypto-powered virtual metaverse Decentraland. Saunders priced the NFTs at 1 Ether (ETH) each, worth around $570 at the time. …

If Facebook happened to be a human being, where would he/she/they currently be? Most likely in prison… for a very long time. The company’s transgressions are too numerous to list. But Facebook is not human; it’s a company, and a very profitable one, at that. In fact, it’s now one of the most profitable companies in the world. Facebook’s market capitalization has recently surpassed the $1 trillion mark. When we think of Facebook — more specifically, Facebook Inc. — we tend to think of a social media platform that is somewhat dated. However, it is important to remember that this …

“You will own nothing and you will be happy,” — this sentiment was at the core of a declaration issued more than 30 years ago in 2016 by the leaders of the World Economic Forum. It sounded dystopian, like something taken from a book by Aldous Huxley or George Orwell. It was probably among the most insidious ideas I'd ever heard. Somehow, I remembered that idea today in 2050 when selling my racing drone. I guess I was reminded of the merits of true, private ownership. It was a beautiful two-seater, capable of going from 0 to 100 km/h in …

The price of Axie Infinity’s native token, AXS, more than doubled in just three days of trading amid speculation that it is going to revolutionalize the blockchain-enabled gaming industry forever. The AXS/USD exchange rate reached a record value of $32.69 on Friday, up 31.28% intraday, and about 131% from its Tuesday low of $14.09. That placed the pair in the list of best-performing digital assets on a year-to-date timeframe; its 2021 gains are now above 5,000%. Axie Infinity’s massive upside moves appeared due to its rising popularity as a play-to-earn gaming service. In detail, the Ethereum-enabled blockchain project is a …