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KPMG established the Centre of Excellence for Metaverse and Digital Twins
KPMG, a leading provider of audit, tax, and advisory services announced the establishment of its Centre of Excellence (CoE) for Metaverse and Digital Twins. KPMG is bringing together a broad collective, with Microsoft, leveraging infrastructure and gaming platform, Ericsson for their 5G technology and network; and Metakey as the technical partner to develop 3D objects.…
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The UK’s new department will advance the Metaverse and Web3 within the country
The U.K.’s newly formed Department of Science, Innovation, and Technology will advance the country’s metaverse and Web3 strategy, an individual familiar with the matter not authorized to speak publicly told CoinDesk. The country’s 2023 Spring Budget, released in March, said the government wanted to “lead on the future of web technology, sometimes known as Web3 or the…
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World Metaverse Council to host event in Saudi Arabia
The World Metaverse Council, a platform leading the dialogue for an equitable and inclusive life in the metaverse, has been announced as a strategic partner for the Metaverse Discovery and World Metaverse Awards taking place in Riyadh later this year, according to a statement. The World Metaverse Council aims to encourage collaborations in an attempt…
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The G7 look at regulations for crypto
Group of Seven (G7) advanced economies will consider how best to help developing countries introduce central bank digital currencies (CBDC) consistent with appropriate international standards, Japan’s top currency diplomat Masato Kanda said on Tuesday. The move will be among the key themes of G7 discussions that Japan chairs this year, as part of efforts to…
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Russians value crypto assets more than mutual funds or gold survey finds
As Russian citizens attempt to navigate a global financial market that has become increasingly hostile due to sanctions placed on the country for its invasion of Ukraine, a new study shows that they are increasingly turning to cryptocurrencies as their preferred store of wealth. According to the results of the “Nationwide Survey of Consumer Finance Households” conducted…
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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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- 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
- The UAE is launching Arabic AI software