Metaverse ETF PUNK closing after betting against Meta’s vision
Subversive Capital cites losses as it shuts down PUNK ETF and the company pivots to artificial intelligence. Go to Source Powered by WPeMatico
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Epic CEO mocks ‘metaverse is dead’ notion — 600M coming to the ‘wake’
Epic Games CEO Tim Sweeney made fun of a recent Business Insider article suggesting the Metaverse had run its course. Go to Source Powered by WPeMatico
Chatgpt ‘Is the New Crypto,’ Meta Says Malware Actors Exploit AI Craze
A growing number of malware creators are now taking advantage of the significant interest in Chatgpt to lure victims, Facebook owner Meta has noticed. According to its head of information security, the AI-based chatbot is “the new crypto” for bad actors and the social media giant is preparing for various abuses. Malware Inspired by Chatgpt … Read more
SUI mainnet goes live as token sees immediate action on Binance, OKX, others
The total supply of the SUI token is capped at 10 billion coins, with tokens running on delegated Proof-of-Stake, or dPoS, consensus algorithm. Go to Source Powered by WPeMatico
Meta SEC filing reveals debt securities offering plans
The Facebook parent company filed a prospectus that says it may offer and sell debt securities occasionally. Go to Source Powered by WPeMatico
Metaverse for youth: Meta urged to ban minors from virtual world
Now only allowing users from 18, Meta also wants to open up its metaverse app Horizon Worlds to users aged 13 and 17. Go to Source Powered by WPeMatico
2023’s Bitcoin Obituaries: Bitcoin Defies 6 Death Predictions With 80% Price Increase Since End of 2022
It’s been more than 100 days since the end of 2022, and the price of bitcoin has risen more than 80% since then. Over the past 30 days, bitcoin has increased by more than 45% against the U.S. dollar. Despite its recovery this year, after a long crypto winter in the previous year, the Bitcoin … Read more
NFT Marketplace Looksrare Launches Version 2, Cutting Protocol Fees by 75% and Introducing Bulk Purchases
Looksrare, the non-fungible token (NFT) marketplace, has launched version two, also known as v2, which reduces protocol fees by 75%. According to statistics from Dune Analytics, Looksrare was the tenth-largest NFT marketplace in terms of trader count during the past week. NFT Market Protocol Looksrare Launches v2 NFT marketplace Looksrare announced the launch of version … Read more
Meta coughing up big money to developers building their metaverse
Despite turbulent times for Meta in terms of metaverse development, sources close to the company say its metaverse programmers are paid up to $1 million for their work. Go to Source Powered by WPeMatico
Disney Reportedly Axing Metaverse Division Amidst Company Restructuring
The metaverse division of Disney has apparently fallen victim to the latest round of layoffs announced by the company. Per reports from the Wall Street Journal citing people “familiar with the situation,” the whole next-generation storytelling and consumer-experience unit, comprised of 50 people, has been axed — this being part of the 7,000 layoffs the … Read more