Animoca Brands introduces virtual Hong Kong to New York Fashion Week
Vivienne Tam, a world-renowned Hong Kong designer, partnered with Animoca Brands and Hepha to introduce her New York Fashion Week runway show to the streets of Hong Kong with the help of the Hong Kong Economic and Trade Office and Cyberport in NY.
Animoca Brands, a corporation that improves digital property rights for gaming as well as the open metaverse, is currently based in Cyberport, and Hepha is a Cyberport incubator.
According to Animoca Brands, this novel exertion introduced the audience to a brand-new fashion interaction by interweaving ingenuity, artistry, technological prowess, a synergy between many members of the Cyberport community, and also the charm of Hong Kong.
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Vivienne Tam, a world-renowned Hong Kong designer, partnered with Animoca Brands and Hepha to introduce her New York Fashion Week runway show to the streets of Hong Kong with the help of the Hong Kong Economic and Trade Office and Cyberport in NY.
Animoca Brands, a corporation that improves digital property rights for gaming as well as the open metaverse, is currently based in Cyberport, and Hepha is a Cyberport incubator.
According to Animoca Brands, this novel exertion introduced the audience to a brand-new fashion interaction by interweaving ingenuity, artistry, technological prowess, a synergy between many members of the Cyberport community, and also the charm of Hong Kong.
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Uzbekistan Allows Foreign Firms to Deposit Funds From Crypto Trading, Restricts Other Operations
The Central Bank of Uzbekistan has permitted foreign-based businesses to open domestic bank accounts and deposit funds received from cryptocurrency trading. These companies will also be able to transfer the money abroad, but operations in the country will be restricted.
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The Central Bank of Uzbekistan has permitted foreign-based businesses to open domestic bank accounts and deposit funds received from cryptocurrency trading. These companies will also be able to transfer the money abroad, but operations in the country will be restricted.
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GQ Magazine to launch NFT collection based on Real-World Rewards
The first non-fungible token (NFT) collection from men’s fashion magazine GQ will be made available, giving owners access to items, live events, and a magazine subscription.
The compilation, titled “GQ3 Issue 001: Change Is Good,” consists of 1,661 NFTs that are connected to original works of art made by artists Chuck Anderson, REO, Kelsey Niziolek, and Serwah Attafuah.
Each token entitles its owner to further benefits, including membership to GQ magazine, a box of hand-selected GQ goods, a piece of unique clothing, and admission to the April GQ3 party. Holders will also get priority access to upcoming releases and a private Discord channel.
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The first non-fungible token (NFT) collection from men’s fashion magazine GQ will be made available, giving owners access to items, live events, and a magazine subscription.
The compilation, titled “GQ3 Issue 001: Change Is Good,” consists of 1,661 NFTs that are connected to original works of art made by artists Chuck Anderson, REO, Kelsey Niziolek, and Serwah Attafuah.
Each token entitles its owner to further benefits, including membership to GQ magazine, a box of hand-selected GQ goods, a piece of unique clothing, and admission to the April GQ3 party. Holders will also get priority access to upcoming releases and a private Discord channel.
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Web3 communication app goes after Twitter with $12.5M seed funding
Developers of one of the earliest Android-based mobile browsers are working to bring online communication to the next level by introducing it to Web3.
Sending Labs, a new startup focused on decentralized communications protocols, has secured $12.5M in seed funding to launch the Web3 communications stack.
The new platform takes on the mission of building accessible and secure Web3 communication infrastructure for developers and the community, applying end-to-end decentralization of the core of its products. With the new offering, Sending Labs aims to enable privacy-preserving communications and guarantee digital assets ownership and transfer within community chats.
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Developers of one of the earliest Android-based mobile browsers are working to bring online communication to the next level by introducing it to Web3.
Sending Labs, a new startup focused on decentralized communications protocols, has secured $12.5M in seed funding to launch the Web3 communications stack.
The new platform takes on the mission of building accessible and secure Web3 communication infrastructure for developers and the community, applying end-to-end decentralization of the core of its products. With the new offering, Sending Labs aims to enable privacy-preserving communications and guarantee digital assets ownership and transfer within community chats.
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Tencent latest tech giant to slash metaverse hardware plans: Reuters
Tencent became the latest tech giant to scale back its bet on the metaverse, as it rolled back plans to create virtual reality hardware, according to a Reuters report. This translates as headcount and cost cuts in its metaverse unit, three people familiar with the matter told Reuters.
The Chinese conglomerate had previously laid out plans to build both software and hardware for the nascent industry, hiring about 300 people to realize that goal. The unit launched in June and was dubbed the "extended reality" (XR) part of the business. Tencent said that it is not disbanding the unit completely. The move comes following a widespread reckoning among establishment tech players' ambitions to grab market share in virtual worlds.
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Tencent became the latest tech giant to scale back its bet on the metaverse, as it rolled back plans to create virtual reality hardware, according to a Reuters report. This translates as headcount and cost cuts in its metaverse unit, three people familiar with the matter told Reuters.
The Chinese conglomerate had previously laid out plans to build both software and hardware for the nascent industry, hiring about 300 people to realize that goal. The unit launched in June and was dubbed the "extended reality" (XR) part of the business. Tencent said that it is not disbanding the unit completely. The move comes following a widespread reckoning among establishment tech players' ambitions to grab market share in virtual worlds.
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Colombian Court Holds Hearing in the Metaverse
Colombian courts held one of the first judicial hearings using metaverse tech. María Victoria Quiñones Triana, the magistrate of the Magdalena court, approved the realization of this hearing, using Horizon Worlds technology provided by Meta and virtual avatars to represent participants in the process.
A Colombian court has ostensibly made history by holding one of the first judicial processes of the country in the metaverse. The hearing, held on Feb. 15 and promoted by María Victoria Quiñones Triana, magistrate of the Magdalena court, used Horizon Worlds technology, provided by Meta, to simulate a unified virtual space. The court used various avatars to represent each one of the participants in the complaint. Regarding the significance of this technology for the judicial branch of the government.
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Colombian courts held one of the first judicial hearings using metaverse tech. María Victoria Quiñones Triana, the magistrate of the Magdalena court, approved the realization of this hearing, using Horizon Worlds technology provided by Meta and virtual avatars to represent participants in the process.
A Colombian court has ostensibly made history by holding one of the first judicial processes of the country in the metaverse. The hearing, held on Feb. 15 and promoted by María Victoria Quiñones Triana, magistrate of the Magdalena court, used Horizon Worlds technology, provided by Meta, to simulate a unified virtual space. The court used various avatars to represent each one of the participants in the complaint. Regarding the significance of this technology for the judicial branch of the government.
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Hong Kong issues 800M HKD in tokenized green bonds
The government of Hong Kong announced on Feb. 16 that it had issued 800 million Hong Kong dollars (roughly $100 million) in tokenized green bonds under its Green Bond Programme. The bonds were underwritten by four banks and priced at a yield of 4.05%.
According to the announcement, the platform used Goldman Sachs’ tokenization protocol GS DAP for the bond, which uses a private blockchain network to settle security tokens representing the beneficial interests of bonds in a T+1 payment-vs-payment manner and cash tokens representing claims on the Hong Kong dollar.
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The government of Hong Kong announced on Feb. 16 that it had issued 800 million Hong Kong dollars (roughly $100 million) in tokenized green bonds under its Green Bond Programme. The bonds were underwritten by four banks and priced at a yield of 4.05%.
According to the announcement, the platform used Goldman Sachs’ tokenization protocol GS DAP for the bond, which uses a private blockchain network to settle security tokens representing the beneficial interests of bonds in a T+1 payment-vs-payment manner and cash tokens representing claims on the Hong Kong dollar.
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eBay NFT platform KnownOrigin launches creator smart contract
According to a Feb. 16 tweet, e-commerce platform eBay’s nonfungible token (NFT) marketplace KnownOrigin will launch creator smart contracts for its artists. With the new contract, artists can split earnings and earn royalties as co-creators. As told by KnownOrigin, users have been testing its Creator Contract beta release for the past few weeks, with 84 contracts thus far deployed and 250 editions of NFTs minted. Starting Feb. 24, all approved creators on KnownOrigin will be able to deploy and mint work on their own contract for public release. Deployment will not require coding knowledge.
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According to a Feb. 16 tweet, e-commerce platform eBay’s nonfungible token (NFT) marketplace KnownOrigin will launch creator smart contracts for its artists. With the new contract, artists can split earnings and earn royalties as co-creators. As told by KnownOrigin, users have been testing its Creator Contract beta release for the past few weeks, with 84 contracts thus far deployed and 250 editions of NFTs minted. Starting Feb. 24, all approved creators on KnownOrigin will be able to deploy and mint work on their own contract for public release. Deployment will not require coding knowledge.
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Chinese Tech Giants Tencent and Bytedance Plan Cuts in Their Metaverse Divisions
According to reports, Tencent and Bytedance, two Chinese tech giants, are planning to execute a significant number of job cuts in their metaverse divisions. Tencent recognized it is making some staff adjustments, amidst rumors of hundreds of layoffs in its extended reality division, while Bytedance is also planning to cut staff in Pico, its metaverse headset subsidiary.
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According to reports, Tencent and Bytedance, two Chinese tech giants, are planning to execute a significant number of job cuts in their metaverse divisions. Tencent recognized it is making some staff adjustments, amidst rumors of hundreds of layoffs in its extended reality division, while Bytedance is also planning to cut staff in Pico, its metaverse headset subsidiary.
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NFT lending continues to rise as over 18k ETH borrowed in January
According to a new report by digital asset analytics firm eBit labs, NFT lending hit a record month in January, returning to numbers not seen since the sector’s previous all-time high in May 2022. The report used on-chain data of loans backed by Bored Ape Yacht Club (BAYC) and examined BAYCs.
Furthermore, eBit labs discovered that the amount borrowed in Jan. 2023 had returned to peaks not seen since May 2022. For the first time in more than nine months, weekly loan volume totaled more than 6,000 ETH in the first week of Jan. Furthermore, the total borrowed throughout January reached more than 18,000 ETH – or $30,516,660 as of press time. the lending industry gained widespread attention as the declining floor price of BAYC sparked market pressure and heightened concerns about potential liquidation.
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According to a new report by digital asset analytics firm eBit labs, NFT lending hit a record month in January, returning to numbers not seen since the sector’s previous all-time high in May 2022. The report used on-chain data of loans backed by Bored Ape Yacht Club (BAYC) and examined BAYCs.
Furthermore, eBit labs discovered that the amount borrowed in Jan. 2023 had returned to peaks not seen since May 2022. For the first time in more than nine months, weekly loan volume totaled more than 6,000 ETH in the first week of Jan. Furthermore, the total borrowed throughout January reached more than 18,000 ETH – or $30,516,660 as of press time. the lending industry gained widespread attention as the declining floor price of BAYC sparked market pressure and heightened concerns about potential liquidation.
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Southeast Asia's Largest Bank DBS Sees 80% Increase in Bitcoin Trading Volume on Its Crypto Exchange
The largest bank in Southeast Asia, DBS, has revealed that bitcoin trading volume on its cryptocurrency exchange jumped 80% in 2022 while ether trading volume surged 65%. “We believe that the market has decisively shifted its focus towards trust and stability, especially in the wake of multiple scandals that have rocked the industry,” a DBS executive described.
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The largest bank in Southeast Asia, DBS, has revealed that bitcoin trading volume on its cryptocurrency exchange jumped 80% in 2022 while ether trading volume surged 65%. “We believe that the market has decisively shifted its focus towards trust and stability, especially in the wake of multiple scandals that have rocked the industry,” a DBS executive described.
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Metaverse, AI, and Liquid Staking Tokens Lead Year-to-Date Crypto Asset Gains Among Top 125
In 2023, the leading crypto assets, such as bitcoin and ethereum, have captured decent gains. Bitcoin has increased 17.2% over the last 30 days, and ethereum has risen 9.3% in the same timeframe. However, year-to-date statistics show that bitcoin is down 38.3%, and ethereum has lost 39.3% against the U.S. dollar. The following presents a look at 12 crypto assets that have increased in value during the last 12 months.
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In 2023, the leading crypto assets, such as bitcoin and ethereum, have captured decent gains. Bitcoin has increased 17.2% over the last 30 days, and ethereum has risen 9.3% in the same timeframe. However, year-to-date statistics show that bitcoin is down 38.3%, and ethereum has lost 39.3% against the U.S. dollar. The following presents a look at 12 crypto assets that have increased in value during the last 12 months.
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Indian game streaming service Loco to create fan experiences on web3
Loco, a top independent esports and live-streaming platform, is developing a line of Web3 products that will offer cutting-edge fan experiences by employing a unique Avalanche subnet. In the history of gaming in India and Southeast Asia, Loco now has one of the most extensive Series A investments at $142 million.
Activision Blizzard, Riot Games, and Krafton are a few of the businesses that have worked with the gaming platform. A new chapter in Avalanche’s explosive growth in Asia was begun by Loco’s continued product promotion and its Avalanche Subnet. Avalanche was launched by Alibaba and GREE, two pioneers in Japanese gaming. To strengthen and secure the network, Loco will operate its Avalanche validators.
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Loco, a top independent esports and live-streaming platform, is developing a line of Web3 products that will offer cutting-edge fan experiences by employing a unique Avalanche subnet. In the history of gaming in India and Southeast Asia, Loco now has one of the most extensive Series A investments at $142 million.
Activision Blizzard, Riot Games, and Krafton are a few of the businesses that have worked with the gaming platform. A new chapter in Avalanche’s explosive growth in Asia was begun by Loco’s continued product promotion and its Avalanche Subnet. Avalanche was launched by Alibaba and GREE, two pioneers in Japanese gaming. To strengthen and secure the network, Loco will operate its Avalanche validators.
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Most Retail Crypto Investors Lost Money Over the Last 7 Years, According to BIS Analysis
According to data from the Bank for International Settlements (BIS), published in the latest BIS Bulletin No. 69, researchers assessed that, on average, most users lost money on their investments over the past seven years. Onchain data, metrics from exchanges, and cryptocurrency application download statistics gathered by BIS researchers suggest that most median retail crypto investors lost money from August 2015 to the end of 2022.
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According to data from the Bank for International Settlements (BIS), published in the latest BIS Bulletin No. 69, researchers assessed that, on average, most users lost money on their investments over the past seven years. Onchain data, metrics from exchanges, and cryptocurrency application download statistics gathered by BIS researchers suggest that most median retail crypto investors lost money from August 2015 to the end of 2022.
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Tech Giant Globant Believes the Metaverse Will Have Its Make or Break Moment in 2023
Globant, a Luxembourg-based tech giant with Argentine origins, has referred to the short-term future of the metaverse in its latest Tech Trends report. According to the company, this year the metaverse will “burn bright or burn out,” as it needs to show its potential when compared to other trendsetting tech like artificial intelligence.
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Globant, a Luxembourg-based tech giant with Argentine origins, has referred to the short-term future of the metaverse in its latest Tech Trends report. According to the company, this year the metaverse will “burn bright or burn out,” as it needs to show its potential when compared to other trendsetting tech like artificial intelligence.
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Bitcoin Ordinals NFT Inscriptions Surpass 153K: Developer Ports It to Litecoin
Ordinals on Bitcoin debuted in January 2023 and have been a hot topic of discussion since then. On one hand, people from the industry have been excited to welcome NFTs to Bitcoin. On the other hand, skeptics have been debating how Ordinals unlock a world of dangers for the Bitcoin network.
Ordinal Inscriptions are quite similar to NFTs but come with a slight twist. Simply put, they are digital assets inscribed on a Satoshi, the lowest denomination of Bitcoin. The network’s SegWit and Taproot upgrades that took place to improve the privacy and efficiency of the network also opened the doors for Satoshi inscriptions. According to Dune Analytics, over 153.6k ordinal inscriptions have been created. Ordinals project to PoW blockchain Litecoin. During the weekend, Australian software engineer Anthony Guerrera posted a repository.
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Ordinals on Bitcoin debuted in January 2023 and have been a hot topic of discussion since then. On one hand, people from the industry have been excited to welcome NFTs to Bitcoin. On the other hand, skeptics have been debating how Ordinals unlock a world of dangers for the Bitcoin network.
Ordinal Inscriptions are quite similar to NFTs but come with a slight twist. Simply put, they are digital assets inscribed on a Satoshi, the lowest denomination of Bitcoin. The network’s SegWit and Taproot upgrades that took place to improve the privacy and efficiency of the network also opened the doors for Satoshi inscriptions. According to Dune Analytics, over 153.6k ordinal inscriptions have been created. Ordinals project to PoW blockchain Litecoin. During the weekend, Australian software engineer Anthony Guerrera posted a repository.
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Paraguay to Become Top Bitcoin Mining Hub in Latam According to Insight Group
Paraguay, one of the smallest countries in Latam, has the conditions needed to become the next Bitcoin mining hub in the region, according to mining insight group Hashrate Index. The company notes there are many elements in favor of Paraguay, including the abundance of clean hydroelectric power sources. However, the stance that the government has taken toward cryptocurrency mining could slow this growth process.
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Paraguay, one of the smallest countries in Latam, has the conditions needed to become the next Bitcoin mining hub in the region, according to mining insight group Hashrate Index. The company notes there are many elements in favor of Paraguay, including the abundance of clean hydroelectric power sources. However, the stance that the government has taken toward cryptocurrency mining could slow this growth process.
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BlackRock Issues Metaverse Thematic ETF
BlackRock becomes the latest ETF issuer in the United States to launch a thematic equity fund aimed at companies around the world that are shaping the evolution of the metaverse. The expense ratio of the NYSE Arca-listed iShares Future Metaverse.
An Exchange Traded Fund (ETF) is a collection of securities that can be traded on the stock market. It combines the traits of conventional shares and mutual funds because it is a group of securities dispersed across companies, much like a mutual fund, but it can also be traded as a package on the stock market, just like shares. BlackRock’s belief in the metaverse as the next major investment opportunity is supported by society’s growing interest. and music events all being transformed by metaverse technologies.
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BlackRock becomes the latest ETF issuer in the United States to launch a thematic equity fund aimed at companies around the world that are shaping the evolution of the metaverse. The expense ratio of the NYSE Arca-listed iShares Future Metaverse.
An Exchange Traded Fund (ETF) is a collection of securities that can be traded on the stock market. It combines the traits of conventional shares and mutual funds because it is a group of securities dispersed across companies, much like a mutual fund, but it can also be traded as a package on the stock market, just like shares. BlackRock’s belief in the metaverse as the next major investment opportunity is supported by society’s growing interest. and music events all being transformed by metaverse technologies.
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Bank of Japan to Launch Digital Yen CBDC Pilot Later This Year
The Bank of Japan is preparing to launch a pilot test for a digital yen, its central bank digital currency (CBDC), later this year. Shinichi Uchida, executive director of the Bank of Japan, explained that the goals of this new pilot are to test the technical feasibility of the currency and to include private businesses in its design process.
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The Bank of Japan is preparing to launch a pilot test for a digital yen, its central bank digital currency (CBDC), later this year. Shinichi Uchida, executive director of the Bank of Japan, explained that the goals of this new pilot are to test the technical feasibility of the currency and to include private businesses in its design process.
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Google Cloud partners with Tezos blockchain to develop Web3 tech
Google’s cloud computing arm has added another string to its Web3 bow, with a new partnership to see it becoming a network validator on the Tezos blockchain.
On Feb. 22, the Tezos Foundation, a Swiss nonprofit foundation supporting the Tezos blockchain, announced it had teamed up with Google Cloud to allow customers of the cloud computing business to deploy Tezos nodes and build Web3 applications on the blockchain.
Tezos is a blockchain-based smart contract platform used to power decentralized applications, similar to Ethereum, Cardano and others. Corporates that have used Tezos include gaming giant Ubisoft and the California Department of Motor Vehicles.
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Google’s cloud computing arm has added another string to its Web3 bow, with a new partnership to see it becoming a network validator on the Tezos blockchain.
On Feb. 22, the Tezos Foundation, a Swiss nonprofit foundation supporting the Tezos blockchain, announced it had teamed up with Google Cloud to allow customers of the cloud computing business to deploy Tezos nodes and build Web3 applications on the blockchain.
Tezos is a blockchain-based smart contract platform used to power decentralized applications, similar to Ethereum, Cardano and others. Corporates that have used Tezos include gaming giant Ubisoft and the California Department of Motor Vehicles.
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