The convergence of the cryptocurrency industry and artificial intelligence (AI) is predicted to significantly impact global GDP, with projections estimating a potential injection of $20 trillion by 2030. At the annual Consensus conference in Austin, industry leaders gathered to discuss the future of blockchain technology, regulation, and the expansive realm of AI. One of the
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Recently, several major retail companies in South Korea, including Lotte and Hyundai, have made the decision to bow out of the non-fungible token (NFT) market. This move comes as a response to a noticeable slowdown in the NFT industry, prompting these companies to redirect their focus and resources back towards their core business operations. Lotte
In a recent announcement, Animoca Brands Corporation Limited and its subsidiary, Bacasable Global Limited, revealed that The Sandbox had secured $20 million in funding. This funding round comes with a valuation cap of $1 billion, showcasing Animoca’s commitment to advancing digital property rights within the open metaverse. The injection of capital will accelerate The Sandbox’s
McDonald’s Singapore has taken a bold step into the metaverse with the launch of its digital environment called “My Happy Place.” Developed in partnership with Bandwagon Labs, this virtual space is accessible through the official McDonald’s app and offers a combination of virtual and real-world experiences. The platform is designed to provide users, especially 2023
The metaverse is no longer a distant concept; it is now a reality that is transforming the digital world and how we engage with it. Metaverse apps act as gateways to these virtual shared spaces, offering immersive experiences, social interactions, and economic activities in a 3D environment. The concept of a metaverse app bud is
Coinbase recently filed a closing brief with the US Court of Appeals for the Third Circuit, challenging the SEC’s denial of its rulemaking petition. The crux of the case revolves around a single sentence in the SEC’s order that “disagreed” with Coinbase’s assertion that current SEC rules are unworkable for digital asset firms. This lack
Blockchain technology has been making waves in various industries, and the gaming sector is no exception. In a recent announcement, cryptocurrency exchange OKX and blockchain technology company Immutable have come together to revolutionize the gaming industry. By leveraging Immutable’s zkEVM solution, the partnership aims to introduce enhanced features and benefits for gamers and game studios
The Sandbox, a decentralized gaming platform, has taken a significant step towards community governance by introducing The Sandbox DAO. This decentralized autonomous organization aims to empower SAND token holders and virtual LAND owners to actively participate in the decision-making processes of the platform. The implementation of The Sandbox DAO is divided into three distinct phases.
The recent pump of the new Solana meme coin SHIB has caught the attention of many traders in the crypto market. With a staggering 24-hour change of +5,300%, SHIB on Solana is currently trading at a market price of $0.00388. The price action suggests that the token is in a consolidation phase, primed for a
In the bustling world of NFTs, Magic Eden Marketplace has emerged as a vibrant hub for enthusiasts in 2024. Initially focused on the Solana-based NFT sector, this decentralized marketplace has expanded to support Ethereum NFTs and the latest Bitcoin ordinals. With an impressive user count and reputation for low transaction costs, Magic Eden is the