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Jeju Island, South Korea’s special self-governing province, plans to introduce NFT-based digital resident tourism cards in the second half of this year. Jeju Authorities Target Millennial and Gen Z Visitors South Korea’s special self-governing province, Jeju Island, has announced plans to issue a non-fungible token (NFT)-based digital resident tourism cards in the second half of … Read more
Brendan Greene, the creator of PUBG, says his upcoming metaverse could integrate blockchain technology — though he doesn’t seem to have any plans for NFTs. Go to Source
A Nokia patent application showed that the company may be diving into digital asset encryption. Go to Source
The French gaming company developed the title in partnership with the Arbitrum Foundation. Go to Source
NFTs may have died down, but RARI Foundation’s Jana Bertram is bullish on their evolution, according to her analysis of the industry in the latest episode of the Hashing It Out podcast. Go to Source
Traverse founder Amos Thomas believes stories are the foundation of everything, and that humanity must do everything in its power to protect them. Go to Source
A new study shows a slump in the non-fungible token market, with low trading activity and steep price drops hinting at potential market oversaturation. Demand and Supply Mismatch A study finds that 98% of non-fungible token (NFT) drops in 2024 have seen no trading activity since September, with 64% having fewer than 10 mints. This … Read more
Alibaba has laid off employees at its metaverse unit, Yuanjing, reflecting a broader industry trend of waning interest in metaverse projects by large Chinese corporations. Despite Layoffs, Alibaba Remains Committed to the Metaverse Chinese tech giant Alibaba has reportedly laid off dozens of employees at its metaverse unit, Yuanjing, as part of a restructuring exercise. … Read more
The Chinese e-commerce giant has become the latest to slash resources for metaverse development as the focus shifts to AI. Go to Source
The Financial Industry Regulatory Authority has released a report highlighting the potential benefits and risks of the metaverse for the securities industry. The report emphasizes the importance of addressing challenges identified to ensure the responsible and ethical development of metaverse applications. Firms Must Weigh Challenges in Metaverse Adoption While the metaverse is said to provide … Read more
