Does the Metaverse need blockchain to ensure widespread adoption?
While not absolutely necessary, omitting it would be misguided. “The Metaverse without blockchains would likely just advance the ball for Big Tech.”
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Former Google CEO Eric Schmidt Is Skeptical About the Metaverse Concept
Eric Schmidt, who was CEO of Google, has declared that there is confusion about the concept of the metaverse and what it means for people. Schmidt stated that, even with…
High Volatility Causes a Risk to Crypto-Backed Mortgages: Citigroup
Wall Street giant Citigroup released a new report on cryptos-backed mortgages as an alternative for financing properties. The document laid out the benefits of such a financial innovation and the…
Kuwait-Based Islamic Bank Enters the Metaverse
Warba Bank, a Kuwait-based Islamic bank, recently became the latest corporation from the Middle East and North Africa (MENA) to enter the metaverse. The bank now occupies two sites in…
Sleeping Bitcoins Wake Up, Kiyosaki Waits for $1,100 BTC, and Zuckerberg Eyes Metaverse Money — Bitcoin.com News Week in Review
As July begins and markets remain bearish, there’s still no shortage of dynamic developments in the crypto space. In this week’s Bitcoin.com News Week in Review, ‘sleeping bitcoins’ from 2010…
Content Creators Will Be Able To Display Their NFTs on Facebook
On June 29, Navdeep Singh, Meta’s technical program manager, showed on his social media channels a glimpse of Facebook’s new NFT PFP feature, which will be initially available to a…
E-commerce Giant Ebay Files Trademark Applications Covering Wide Range of Metaverse, NFT Services
E-commerce giant Ebay has filed two trademark applications covering a wide range of products and services relating to the metaverse and non-fungible tokens (NFTs). Ebay’s NFT, Metaverse Trademark Applications Ebay…
Stratis (STRAX) gains 200%+ after Sky Dream Mall metaverse and stablecoin announcement
STRAX price bucked the market-wide bearish downtrend by rallying 200% after the team unveiled plans for a British pound stablecoin and a new metaverse.
Citi calls out potential risks of crypto-backed mortgages and benefits of metaverse property
"Ultimately, the cryptocurrency may be liquidated if the collateral value falls below a certain threshold, such as 35% of the property value,” said the report.
KPMG enters the metaverse, invests $30M in Web3 employee training
The long-term objective for the company is to examine other potential metaverse use cases such as health care, consumer, retail, media and financial services.
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