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A risk assessment conducted by the U.S. Treasury Department found that non-fungible tokens (NFTs) and related platforms are highly susceptible to use in fraud and scams. The risk assessment also warns that criminals can exploit NFTs to launder illicit proceeds or “obfuscate the source of funds.” NFTs Likely to be Used in Fraud and Scams … Read more
The new DAO will allow SAND and LAND owners to vote on platform projects, aiming to enhance transparency and community involvement. Go to Source
According to a recent survey by Preply, as many as three in five, or 60%, of U.S. cryptocurrency investors do not understand blockchain technology. The study found that Generation Z, despite 41% expressing interest in learning about cryptocurrency, had the smallest percentage of individuals willing to learn. The report also noted that U.S. residents who … Read more
Dolce & Gabbana USA Inc. faces a lawsuit from a customer who claims the non-fungible tokens (NFTs) he bought for $6,000, which included metaverse outfits, lost 97% of their value due to delivery failures by the luxury fashion house. The complaint, filed in Manhattan federal court, alleges the NFTs were promoted with various digital, physical, … Read more
The investment figures come alongside a record high 2.9 million daily unique active wallets (dUAW) for the month. Go to Source
The suit alleges that delays in delivery caused purchased NFTs to lose 97% of their value. Go to Source
The school’s metaverse was built by LG Uplus to cater to tech-savvy college students. Go to Source
With the Pope sounding off on AI recently, the discourse surrounding religion and technology has heated up. Go to Source
The Ghana Post Company recently launched what it termed the first-ever crypto stamp to commemorate the 25th anniversary of the reign of a ceremonial ruler in Ghana. The managing director of the Ghana Post Company asserted that the crypto stamps would act as a bridge, linking the older and younger generations of Ghana. Crypto Stamp … Read more
Spatial computing in the industrial metaverse appears to be paying off for the company that Steve Jobs built. Go to Source