Xbox Boss Phil Spencer Skeptical About Metaverse, Criticizes Play-to-Earn Models

Phil Spencer, head of the Xbox brand, believes that the metaverse has been with us since 30 years ago, when digital gaming was largely introduced. However, Spencer criticized play-to-earn (P2E) models, stating that they create a workforce out of a kind of gamer who needs to monetize the time spent playing. Xbox Boss Phil Spencer … Read more

Dubai Regulator Announces Virtual Assets Marketing and Advertising Guidelines

The Dubai virtual assets regulator, the Virtual Asset Regulatory Authority (VARA), has unveiled digital assets marketing and promotion guidelines that are applicable to any entity using Dubai-based media sites and publishing channels. The guidelines will “ensure factual accuracy, explicitly demonstrate any promotional intent, and in no way mislead on the guaranteed nature of their returns.” … Read more

MTV to Broadcast Metaverse-Inspired Award Show Performance Featuring Eminem, Snoop, Bored Apes

On Thursday, the popular cable channel MTV revealed that the legendary rappers Eminem and Snoop Dogg plan to perform the duo’s hit single “From the D 2 The LBC” this Sunday. The music video features the non-fungible tokens (NFTs) stemming from the Bored Ape Yacht Club (BAYC) collection, and the upcoming show is considered the … Read more