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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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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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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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The Metaverse takes the spotlight at the MWC 2023 in Barcelona
Conference organizer, the GSMA’s, program pitched attendees into a smorgasbord of metaverse-themed discussions — most of which seemed designed to generate maximum FOMO, as a parade of tech evangelists took to the stage in Spain, armed with a new generation of acronyms and luridly colored slide-decks, urging the audience not to sweat the detail of…
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PWC expects the Metaverse to bring $15 Billion to the GCC economy by 2030
The metaverse is attracting substantial investment. The total value of the metaverse is expected to come close to $800 billion worldwide by 2024, and GCC countries are already active participants. In July 2022, Dubai formally launched its metaverse strategy, with the aim of Dubai becoming a leading metaverse economy. Dubai’s new metaverse strategy is designed…
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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