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Saudi Arabia has invested in Web3, crypto, and blockchain-related firms
Saudi Arabia has disclosed investments in nearly 40 US venture capital firms, including some deep in crypto, blockchain, and Web3-related investments. Sanabil, the venture arm of the Saudi sovereign wealth vehicle Public Investment Fund, commits around $2 billion annually into multiple funding rounds to develop businesses with novel business models, according to its website. The […]
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Ticketmaster launches token-gated tickets
Building on its NFT capabilities, Ticketmaster has launched the ability for artists to offer token-gated ticket sales – meaning that a sale can only be unlocked or accessed with a specific NFT. This feature allows artists to reward holders of specific NFTs with access to everything from special presales and prime seats to exclusive concert […]
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Dogecoin sees a spike following Twitter’s logo change
Dogecoin (DOGE) surged more than 35% after Elon Musk’s Twitter replaced the social-media platform’s familiar blue bird atop its homepage with the cryptocurrency’s iconic Shiba Inu dog logo. DOGE got as high as $0.1046 versus around $0.077 right before the logo change. Before Monday, its price last exceeded 10 cents in December, according to CoinDesk […]
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Argentinian airline will issue e-tickets at NFTs
Argentinian low-cost airline Flybondi is integrating Web3 into its ticketing process by issuing e-tickets as non-fungible tokens (NFT). The new integration announced Thursday is called Ticket 3.0 and is an expansion of its existing relationship with NFT ticketing company TravelX, which launched in September 2022. The NFT ticketing technology, built on the Algorand blockchain, allows passengers to change their name, transfer, or sell […]
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Comic Relief launches metaverse fundraiser to fight poverty
Can playing more Roblox make your kids more philanthropic? That’s what the nonprofit Comic Relief US hopes, announcing Tuesday its new Kids Relief initiative to encourage giving and community building with a new virtual world on the social gaming platform. The “Kids Relief Presents: Solarpunk Simulator” experience on Roblox will also serve as a fundraiser for Comic […]
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Hong Kong could become the hub for digital assets trading from mainland China
Cryptocurrency companies are rushing to Hong Kong in the hope that the city’s high-profile push to become a hub for digital assets will help them to capture demand from mainland China to buy and sell tokens. Hong Kong is perceived by some companies to be more crypto-friendly than rival Singapore, which cracked down on the […]
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Binance is expanding to Georgia
Cryptocurrency exchange Binance continues expanding its global reach by setting up a new blockchain hub in crypto-friendly Georgia. On March 26, Binance announced the opening of its brand-new blockchain hub in Georgia, aiming to promote further adoption of crypto in the country. Referring to the hub as a “Web3 outpost,” Binance intends to attract talent to the […]
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Abu Dhabi Department of Health has joined the metaverse
The Department of Health – Abu Dhabi (DoH), the regulator of the healthcare sector in the emirate, is the latest to join the rising metaverse sector, with the launch of the Abu Dhabi Life Science Hub in the virtual world. The hub will be home to the department’s virtual headquarters in the metaverse, with the […]
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MBC Group partners with Vuz, the immersive social app
MBC Group has partnered with Vuz, an immersive social app that allows users to stream in the metaverse and extended reality, an umbrella term encompassing new technologies such as augmented reality, virtual reality, and mixed reality. Through the partnership, Vuz aims to “bring in the best content to integrate within our immersive social app,” while […]
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The metaverse was showcased at the 2023 Mobile World Congress (MWC)
South Korean company SK Telecom’s air taxi mockup was one of the eye-catching demonstrations at the 2023 Mobile World Congress (MWC), the world’s biggest telecom industry trade show. Tech companies and wireless carriers at this week’s expo in Barcelona displayed advancements to connect people and businesses online, increasingly in new virtual reality worlds dubbed the metaverse. […]
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