Ubisoft, Arbitrum to launch ‘Captain Laserhawk’ Web3 shooter Dec. 18
The French gaming company developed the title in partnership with the Arbitrum Foundation. Go to Source
metaverse
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NFTs are not dead, they’re evolving: Hashing It Out podcast
NFTs may have died down, but RARI Foundation’s Jana Bertram is bullish on their evolution, according to her analysis of the industry in the latest episode of the Hashing It Out podcast. Go to Source
Creators’ IP rights must be protected in the age of AI — Tracverse founder
Traverse founder Amos Thomas believes stories are the foundation of everything, and that humanity must do everything in its power to protect them. Go to Source
Study: 98% of 2024 NFT Drops Are Dead; Only 0.2% Have Generated Profits for Investors
A new study shows a slump in the non-fungible token market, with low trading activity and steep price drops hinting at potential market oversaturation. Demand and Supply Mismatch A study finds that 98% of non-fungible token (NFT) drops in 2024 have seen no trading activity since September, with 64% having fewer than 10 mints. This … Read more
Alibaba’s Metaverse Unit Layoffs Dozens as Interest Wanes
Alibaba has laid off employees at its metaverse unit, Yuanjing, reflecting a broader industry trend of waning interest in metaverse projects by large Chinese corporations. Despite Layoffs, Alibaba Remains Committed to the Metaverse Chinese tech giant Alibaba has reportedly laid off dozens of employees at its metaverse unit, Yuanjing, as part of a restructuring exercise. … Read more
Alibaba reportedly cuts dozens from metaverse unit
The Chinese e-commerce giant has become the latest to slash resources for metaverse development as the focus shifts to AI. Go to Source
FINRA Warns Member Firms of Metaverse Adoption Challenges
The Financial Industry Regulatory Authority has released a report highlighting the potential benefits and risks of the metaverse for the securities industry. The report emphasizes the importance of addressing challenges identified to ensure the responsible and ethical development of metaverse applications. Firms Must Weigh Challenges in Metaverse Adoption While the metaverse is said to provide … Read more
FINRA says rules still apply in the metaverse
The Financial Industry Regulatory Authority says brokers and dealers are increasingly experimenting in the metaverse. Go to Source
Crypto Scheme Settlement: Tennessee and GS Partners Resolve Misleading Digital Asset Investments
Tennessee has secured a multi-million dollar settlement with GS Partners over alleged deceptive investment schemes involving digital assets and the metaverse. Investors were enticed with tokens and vouchers linked to physical gold, skyscrapers, and virtual staking pools. Now, affected individuals have 90 days to file claims, with promises of refunds for all deposited funds or … Read more
NFT holders sue art gallery alleging it broke metaverse promise
A group of NFT holders sued the creators of the collection, claiming they made no significant steps to fulfill promised perks and had no knowledge of blockchain. Go to Source
