Virtual Worlds – DIGIT INFO

‘Metaverse’ Term Creator Neal Stephenson Not Bullish About Massive Adoption of Virtual Worlds

DIGIT — Tue, 28 Feb 2023 08:30:11 +0000

Neal Stephenson, ostensibly the first to coin the term “metaverse,” issued his opinion about the future of the adoption of virtual worlds. The sci-fi writer and co-founder of Lamina1, a blockchain metaverse company, believes that building experiences that millions of people consider worth having in virtual worlds is quite difficult, hampering the adoption process of […]

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FTX Debtors’ List of Assets Omits Mention of Large Stash of NFTs and ENS Names Owned by Alameda

DIGIT — Fri, 20 Jan 2023 19:30:19 +0000

This week, FTX debtors issued a press release and a 20-page document noting that bankruptcy administrators had located $5.5 billion in liquid assets. The document details that investigators discovered fiat currencies, crypto assets, and securities as part of FTX’s and Alameda Research’s cache. However, the disclosure to unsecured creditors does not mention the extremely large […]

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Insurance Giant Tokio Marine to Offer Its Services in the Metaverse

DIGIT — Sat, 31 Dec 2022 11:30:06 +0000

Tokio Marine, the biggest property/casualty insurance group in Japan, is taking its services and operations into the metaverse. The group, which has more than 39,000 employees all over the world, will allow its users to review and purchase insurance products on a metaverse platform, using real employees as clerks in the virtual world. Tokio Marine […]

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Web3 Gaming Still Growing Despite Economic Woes, According to Dappradar Report

DIGIT — Wed, 14 Sep 2022 09:30:43 +0000

According to a recent report produced by Dappradar, the Web3 gaming industry has managed to raise $750 million since August 1st in spite of the crypto downturn, with several important projects registering positive numbers regarding sales and activity. Web3 Gaming Industry Thriving Amidst Economic Downturn The current economic downturn that is affecting the traditional and […]

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Report: Chinese Metaverse Industry Raises $780 Million in Funding

DIGIT — Mon, 05 Sep 2022 07:30:19 +0000

The Chinese metaverse industry has reportedly raised about $780 million in funding and there are expectations this will grow to be a $5.8 trillion industry by 2030. So far there are 160,000 virtual human enterprises in China while 20 provinces or cities in the country are reportedly supporting the metaverse. Developing the Metaverse According to […]

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Metaverse Startup Ready Player Me Raises $56 Million in Series B Led by Andreessen Horowitz

DIGIT — Tue, 23 Aug 2022 20:30:06 +0000

The AI-generated avatar creation cross-platform for the metaverse, Ready Player Me, has raised $56 million in a Series B funding round led by Andreessen Horowitz (a16z). The startup’s co-founder and CEO Timmu Tõke says the funding will be used to scale the cross-platform metaverse avatar system. Investors Inject Ready Player Me With Fresh Capital, CEO […]

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A ‘very ambitious’ $100M Metaverse R&D hub is being built in Melbourne

DIGIT — Thu, 23 Jun 2022 05:48:06 +0000

“We’re really designing a whole world,” Two Bulls founder James Kane said about the role his business will play in the yet to launch metaverse.

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Pharmacy Chain CVS Files for ‘Crypto-Collectible’ and NFT Trademarks

DIGIT — Sun, 06 Mar 2022 20:30:23 +0000

The American retail and pharmacy corporation CVS is looking to enter the metaverse according to trademark filings registered with the United States Patent and Trademark Office (USPTO). The filings mention things like CVS Health-brand “downloadable virtual goods” and “crypto-collectibles.” CVS Trademark Filings Discuss Virtual Worlds and NFTs The drugstore giant CVS has filed a series […]

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Adidas Originals NFT Compilation Enters Top 50 Collections by Volume, Close to $60M in Sales in 18 Days

DIGIT — Tue, 04 Jan 2022 18:30:25 +0000

Less than 20 days ago, the German multinational sneaker and sportswear corporation Adidas launched the company’s Adidas Originals non-fungible token (NFT) collection and since then the NFT compilation has surged into the top 50 NFT collections in terms of sales. Adidas NFT Collection Sees Significant Demand in Less Than 20 Days At the end of […]

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Adidas Reveals the Originals NFT Collection With Punks Comics, Gmoney, Bored Apes

DIGIT — Fri, 17 Dec 2021 05:00:30 +0000

On Thursday, the German multinational corporation Adidas announced the launch of the company’s first Adidas Originals NFT collection. The Adidas Originals NFT drop is in partnership with the Bored Ape Yacht Club (BAYC), the cryptocurrency investor Gmoney, and the comic series Punks Comics. Adidas Reveals ‘Into the Metaverse’ Originals NFT Collection Adidas continues to embark […]

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