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Should the crypto industry be concerned with the recent bank defaults?
Two of the banks that were friendliest to the crypto sector and the biggest bank for tech startups all failed in less than a week. While cryptocurrency prices rallied Sunday night after the federal government stepped in to provide a backstop for depositors in two of the banks, the events sparked instability in the stablecoin […]
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A study shows that the Middle East has shown the most interest in the Metaverse
The UAE has been ranked as the fourth most-interested country in the metaverse around the world, according to a study by the Hungarian company Brokerchooser. Other Arab countries that appeared on the list include Morocco, Saudi Arabia, Egypt, and Bahrain. The findings Source:
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Dentsu MENA hosts inaugural Now to Next event in Riyadh
International advertising group Dentsu held the first edition of the Now to Next event in Riyadh, bringing together global and local experts to discuss industry challenges and plan for future opportunities in the Kingdom and the wider region. “With every challenge comes opportunity. Beyond the pandemic, we are experiencing a slowing global economy where customer […]
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South Korea Doubles Down on Metaverse, Announces $51 Million Investment in Related Projects
The Ministry of Science and ICT of South Korea has approved investments of $51 million in various metaverse projects, doubling down on its metaverse bet for the future. The investment includes a fund for supporting the growth of metaverse companies and another special investment to build several services including region-specific projects. South Korea Continues Investing […]
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Silicon Valley Bank collapse sparks concern for the tech industry but the crypto industry remains relatively unscathed
Silicon Valley Bank was in “sound financial condition prior to March 9,” according to an order from California’s Department of Financial Protection and Innovation. It became insolvent after investors and depositors caused a run on its holdings, the order said. Silicon Valley Bank appears to have had a relatively small footprint in the crypto industry. Historically, many […]
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Saudi based company, FalconViz develops their Metaverse to aid multiple industries
Before digital twins and even drone-based photogrammetry were known by the public, FalconViz has been developing the tools of the future. To that extent, at the BIM and Digital Twins Exhibition 2023 in Riyadh, the company announced the launch of the FalconViz Metaverse which aims to launch the company into the new age of digitization. […]
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UN affiliated forum on the metaverse held in Saudi Arabia
The first UN International Telecommunication Union (ITU) forum on the metaverse opens in Riyadh on Tuesday, March 7. The forum is expected to promote global dialogue by providing a global platform to explore challenges and promising opportunities, strengthen its standards and organisation, and create a safe and prosperous environment for its services. The three-day event is organised by the […]
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How the Metaverse and AI can benefit from one another
Technologies that are constantly evolving have been driving transformation in all aspects of life. AI and Metaverse, among other technologies in the education sector, are significant in this digitalization era. Both technologies AI and Metaverse in the education sector are making major transformations by helping students’ individualized and interactive learning. In the education sector, Metaverse allows students to […]
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Saudi Arabia’s new city NEOM will be designed on the metaverse
NEOM is a city that will be built near the Red Sea. It is a new city that will be redefine what a ‘city’ looks like. With its futuristic design to the revolutionary ideas behind every aspect of the city it will truly be one of a kind. NEOM is being shaped in the metaverse. […]
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