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Gemba, a virtual reality workforce training platform, is set to become the leading enterprise metaverse platform after securing $18 million in funding. The Series A funding round led by Parkway Venture Capital now leaves the platform valued at $60 million.The platform specializes in Virtual Reality as a Service...
Microsoft’s Metaverse dream appears to be in limbo after the tech giant laid off over 10,000 employees. Most of the departments affected include those running the AR and VR projects, the two key components of the metaverse.Now, the company is likely to pause its development of the HoloLens...
Polygon’s popularity within the NFT space has earned the chain its own NFT marketplace builder tool from Rarible. This is due to its growing popularity as a favorite destination for some leading NFT projects. Rarible also offers a marketplace builder for Ethereum collections.The marketplace builder went live on...
When National Geographic announced its first NFT collection, they did not expect the kind of backlash they received. The nature-centric magazine hoped its audience would embrace NFTs. After all, the magazine has dedicated its efforts to covering animals such as apes, which happen to be quite popular within...
At the height of NFT hype, Web3 gaming stood tallest. However, most of these games relying on the “play to earn” model to incentivize players have proved unsustainable during bear markets. Typically, in-game items such as NFTs, or platform native tokens, are used to reward players for their...
Eight months after Instagram began testing the sharing of digital collectibles on its platform, NFTs on Instagram are proving a massive hit. Top artists, including Micah Johnson and Drifter Shoots, have been able to launch and sell projects on the platform in seconds, creating optimism within the NFT...
A new report by McKinsey indicates that the metaverse could generate up to $5 trillion in value by 2030. However, the success of the new technology will depend on maximizing the human experience. This means being able to deliver “positive experiences for consumers, end users, and citizens.”‘Metaverse’ has...
Mandala Club is the latest private members’ club to issue NFT memberships. Holders of the digital collectibles will have access to incredible perks. The NFTs have real-world utility and are not for speculation purposes only. For the first edition of the NFTs, there are a total of 250...
Starting January 1, 2023, Chinese residents can trade digital collectibles using a state-backed blockchain platform. This is welcome news for residents who were previously banned from engaging with NFTs. However, as is the norm in China, every activity has to be closely watched by the government.The exchange,...