In this episode of More Than Money, Ketan Makwana and Michael Jacobsen talk about the various ways blockchain technology and digital assets can bring value to creative media.
The report by KuCoin exchange also revealed that while blockchain is a male-dominated field, women are taking the lead in Web3—and this could lay the foundation for its success.
Nvidia has unveiled updates for Omniverse, its real-time graphics collaboration platform, that will facilitate the creation of more realistic metaverse platforms and avatars.
Bank of England researchers Owen Lock and Teresa Cascino highlighted how digital assets growing interconnectedness with metaverses could put bank profits and financial stability at risk.
Stablecoins, DLT, CBDC, DeFi, NFTs, and the metaverse were the main topics of discussion throughout the day, and many bankers and regulators expressed different views on these concepts.
Technavio forecasts that by geographical segmentation, finance key players in North America will contribute the most to the advancement of metaverse adoption in the industry.
The platform named MetaHKUST will use XR technology to provide an immersive study experience that will connect student and research activities across geographical locations.
Legal services such as marriage proceedings, court case disputes, and government services may one day be offered in the metaverse, according to Singapore’s Second Minister for Law Edwin Tong.
The committee is mandated to design policies for the digital economy and future technologies, like the metaverse, AI, blockchain, Web3, VR, AR, IoT, data centers, and cloud computing.
Meta, formerly Facebook, reported its first ever revenue decline in Q2, while profits tumbled by more than one-third as its big bet on a proprietary metaverse continues to bleed money.
The office has the mandate of strengthening the framework for developing the business environment concerning Web 3.0, according to the ministry’s official announcement.
Lou Yu, head of KuCoin Labs, believes that the metaverse will be the place to be for the next generation of entrepreneurial internet users.
