-
Hong Kong launches a task force for the Web3 and metaverse platforms
The cybersecurity unit of the Hong Kong Police Force has launched CyberDefender, a new metaverse platform designed to educate the public about the potential dangers associated with Web3 and the metaverse. According to a May 27 statement, the Cyber Security and Technology Crime Bureau (CSTCB) of the Hong Kong Police Force unveiled the new metaverse platform…
-
Apple’s upcoming VR headset could help boost Metaverse projects and tokens into mainstream consciousness
Apple is scheduled to release its highly-anticipated mixed-reality headset in the coming weeks, a development that some believe could breathe fresh life into the metaverse industry. In January, the native tokens of blockchain-based metaverse projects Decentraland witnessed significant surges in price, due partly to swirling rumors about Apple’s venture into mixed reality. This trend was pointed…
-
Saudi Arabia Authority of Data and AI has launched a beta version of its Arabic AI chat app, Allam
The Saudi Data and Artificial Intelligence Authority, in cooperation with global technology company Nvidia, on Tuesday, inaugurated the Center of Excellence for Generative Artificial Intelligence. The authority also launched a beta version of its AI chat application, Allam, which supports the use of the Arabic language and is described as the first of its kind…
-
Binance shifts focus from the US to the UK
Binance Chief Strategy Officer Patrick Hillmann said that the regulatory environment, or lack thereof, in the US has made it “very difficult” to do business. Hillmann said that the US “has been very confusing over the past six months” and referred to the ongoing legal battle between Coinbase and the SEC. In comments made at the Financial Times’…
-
Universal Studios Japan incorporates VR and AR into their rides to create a fully immersive experience for riders
The metaverse promises to merge digital and virtual worlds – and theme parks like Universal are using a combination of virtual reality (VR) and augmented reality (AR) to create magical experiences for guests. At Universal Studios in Japan, one of the most popular rides is Mario Kart: Koopa’s Challenge. This ride takes place inside a…
-
Saudi Arabia is looking to employ the metaverse tech in their smart cities
Saudi Arabia’s Communications, Space and Technology Commission in partnership with the International Telecommunication Union organized a virtual discussion on employing metaverse technology in smart cities. The discussion — which focused on how metaverse technology can contribute to developing education, improving livelihoods, creating new sources of income, providing access to public and private services, promoting global…
-
Stripe introduces a fiat-to-crypto service
Internet payment processor Stripe has introduced a fiat-to-crypto on-ramp to address the “cold start problem” faced by Web3 companies due to customers not having “crypto in their wallets to carry out transactions.” According to a May 4 statement, Stripe’s newly launched fiat-to-crypto on-ramp, which Stripe itself will host, will allow Web3 companies to offer United States-based…
-
Ithra and the Cinema Society introduce programs and initiatives such as VR to further develop the film sector in KSA
The King Abdulaziz Center for World Culture, also known as Ithra, has teamed up with the Cinema Society in Dhahran to introduce programs and initiatives designed to aid the development of the film sector in the Kingdom and help local industry professionals to develop their talents. The partnership agreement was signed by Abdullah Al-Rashed, Ithra’s…
-
The Metaverse is thriving… contrary to the media
In recent months, the concept of the metaverse has gained increasing attention in the media, with many articles claiming that the metaverse is dead. However, this couldn’t be further from the truth. The metaverse is still very much alive and thriving, with continued investment, innovation, and growth in the industry. One of the reasons why…
-
The global Metaverse industry is expected to grow by 44.8% in 2023
The Metaverse industry is expected to grow steadily over the forecast period, recording a CAGR of 33.5% during 2023-2030. The Metaverse Spend Value in the country will increase from US $141.8 billion in 2022 to reach US $1,549.5 billion by 2030. The global Metaverse industry is expected to grow by 44.8% on an annual basis…
About
Lorem ipsum dolor sit amet, consec tetur adipiscing elit. Maecenas odio lacus, dignissim sollicitudin finibus commodo, rhoncus et ante.
Categories
Recent Post
- The trials of Sam Bankman-Fried have commenced
- AI can be used to detect the risk of developing multiple diseases
- How the healthcare sector can benefit from the Metaverse
- The sports industry can benefit from the emerging metaverse space
- Deutsche Bank aims to enter the metaverse and engage with customers virtually