The metaverse market is poised for significant growth, projected to expand by 575 percent and surpass $500 billion in value globally by 2030, a report revealed. This dramatic surge is fueled by a convergence of factors, including the widespread adoption of virtual reality (VR), augmented reality (AR), and mixed reality (MR) technologies across various sectors, according to AltIndex. The market, currently valued at $75 billion, is expected to grow by an average of $100 billion annually over the next six years.
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The metaverse is still happening, and it’s going to be big. Really. The global market is set to expand rapidly to $54.50 billion by 2028 from $17.5 billion in 2023, with a compound annual growth rate (CAGR) of 25.5%, per S&P Global. The company is hiring an executive to lead AI-metaverse integration; it plans to spend up to $40 billion on AI this year to enhance metaverse content and features, per Coingeek.
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MILC (Media Industry Licensing Content) is proud to announce the launch of its revamped website, featuring a fresh and modern design that promises a smoother, more informative, and faster user experience. After weeks of dedicated work, the MILC website now matches the high standards of its continually evolving suite of services.
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Transcosmos has announced the launch of its metaverse services on Roblox, one of the most popular metaverse platforms, in partnership with EbuAction. By combining its “trans-DX Service for Metaverse” with the metaverse development and design capabilities of BORDER, EbuAction’s metaverse production studio, transcosmos aims to provide enhanced creative and content production services.
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Tactical turn-based RPG Champions Tactics: Grimoria Chronicles, developed by Ubisoft, launches its free Champions NFT mint today at 18:00 UTC. The minting will start with holders of The Warlords NFTs, followed by the private and public mint on July 18 where each Warlord NFT holder can mint up to 5 Champions NFT per Warlord NFT owned, whilst other participants are limited to 3 Champions NFT per wallet.
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Open metaverse platform CIZ VERSE has announced the launch of its Bitcoin-powered platform. Set to go live in late July, CIZ VERSE will form a sprawling virtual environment replete with user-generated content that will extend the capabilities of the Bitcoin ecosystem.
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ApeCoin has announced the upcoming launch of the ApeChain testnet, named Curtis on today July 16. This milestone represents a significant advancement for ApeCoin, showcasing its ongoing efforts to expand and enhance its blockchain capabilities. Greg Solano, co-founder of Yuga Labs, shared insights on the launch in a recent blog post.
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Forwarded from Charts | Signals &Trading
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Your airdrop depends on
Check and claim your #DOGS here
You can sell your tokens on Bitget premarket, price is around $0.01!
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Gods Unchained Cards led CryptoSlam’s NFT sales board on Tuesday, with US$930,439. This surge in sales has significantly impacted Gods Unchained’s all-time sales volume, which now sits at the 16th spot, behind Bored Ape Kennel Club. In second place, Ethereum-based Autoglyphs recorded a total of US$858,764.77 in sales with only four transactions.
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Gods Unchained, a digital collectible card game, topped CryptoSlam’s non-fungible token (NFT) sales chart on Wednesday for the second consecutive day, though it recorded a drop from the previous day. The Immutable network, where Gods Unchained resides, recorded over US$806,000 in total sales on Wednesday, which was the fifth in the industry.
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Facebook founder Mark Zuckerberg once hoped his virtual and augmented reality metaverse would reach a billion people. Now it seems the passion project of the Meta CEO is being asked to reign in its spending. Reality Labs, the division of the tech giant which focusses on the research and development of augmented and virtual reality (AR and VR) products and services, has reportedly been asked to curb its spending over the next couple of years.
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Luxury fashion brand Coach is expanding its digital horizons with a new gaming and virtual space initiative. Following its involvement in Metaverse Fashion Week in 2023, Coach is now making its debut in gaming and virtual worlds with a vibrant new collection. On July 19, Coach will launch the "Find Your Courage" Spring 2024 collection on popular virtual platforms including Roblox’s Fashion Famous 2 and Fashion Klossette, as well as the avatar-based social app Zepeto.
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A substantial increase in the number of NFT buyers accompanied this growth, reaching 488,141 — a staggering 89.56% rise. On the other hand, the number of NFT sellers also rose by 69.8%, totaling 198,450, signaling an improved trading environment and heightened market engagement. Below is a breakdown of what happened in the NFT market over the past week.
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NFTs have seen a remarkable boost recently. Sales volume has surged past $107 million. NFT buyers have also grown significantly, reaching 488,141. This marks an impressive 89.56% increase. At the same time, sales rose by 69.8%, totaling 198,450. This rise in both buyers and sellers indicates a more active and engaged market.
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Pixelverse has hit a major milestone with its recent airdrop, reaching an astonishing 38 million players. After rigorous verification to ensure fairness and prevent cheating, the distribution of free mint NFTs has been completed. These NFTs aren’t just digital collectibles, they come with Early Adopter status, opening doors to exclusive benefits within the Pixelverse ecosystem. As part of this first wave of rewards, Pixelverse has also disbursed $PIXFI tokens to owners of Rare, Epic, and Legendary NFTs.
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The SND Genesis Battle Pass collection dominated the non-fungible token (NFT) market with a US$1.39 million sales volume on Tuesday, July 23, according to data from CryptoSlam. The Ethereum-based collection is linked to Sword & Dungeons, a role-playing game backed by OKX Ventures. The industry-leading secondary sales volume came after the game minted 4,000 Genesis Battle Pass NFTs, which were subsequently sold out.
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LockDealNFT came out as the top-performing non-fungible token (NFT) collection on July 24, with a total sales volume of US$617,880, according to CryptoSlam data. LockDealNFT is a collection tied to Poolz Finance, a cross-chain launchpad platform. The NFT is available on multiple chains including Ethereum and Polygon. But its iteration on the BNB Chain was the one that CryptoSlam’s sales chart on Wednesday.
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Vanar continues expanding with the launch of the first NFT marketplace on the Vanar network ahead of its sponsorship of the Google Cloud Startup event in Pakistan. This underscores Vanar’s commitment to innovation and community growth. Vanar has unveiled Bazaa, the first NFT marketplace built on the Vanar blockchain. This platform allows users to buy, sell, and trade NFTs using the $VANRY token.
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The BBC was formed at a time when radio was still called ‘the wireless’ and television was a startup technology. But a century later, it’s facing new shifts, and its corporate venture arm has emerged from stealth to help it meet those challenges. The unit’s first deal is a £500,000 ($640,000) investment, announced last month, in Condense, a British startup with technology that allows physical performances to be recorded and shown live in a virtual metaverse environment.
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Fight League, a franchise developed by GMonsters in partnership with MIXI, is launching its first NFT mint on the Ronin blockchain. The event is scheduled for July 31 at 19:00 PST (or August 1 at 2:00 AM UTC) and will run for 24 hours and allow participants to mint Chip NFTs for free. These NFTs will provide in-game benefits in the upcoming Fight League Survivor (FLS) arcade survival game. The mint is available to all users with a Ronin Wallet, with a limit of one free mint per X account.
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