ZTX, the Web3 virtual world and creator platform, has announced the launch of its Genesis Home Mint in partnership with nonfungible token marketplace OpenSea. Scheduled for August 30 on Arbitrum, the mint follows a sell-out presale.
The Genesis Homes digital collectibles are designed to offer continued opportunities for creators to build and engage with fans or communities while collecting an array of on-chain rewards for their creative work. The mint will be conducted in lieu of the sort of conventional virtual land sale we’ve come to expect from Web3 virtual worlds such as The Sandbox and Decentraland. The 4,000 unique 3D-rendered home NFTs set across the four ZTX Districts — Fashion, Games, Finance, and Arts — feature in-game utility with boosts to economic activities and asset production, as well as priority access to updates and features. “The many benefits that are geared towards the community and creators via these Genesis Homes are reflective of our commitment to rewarding loyal users and builders,” Chris Jang, the Co-CEO of ZTX said in a statement. We will continue to build with the goal of providing creators the infrastructure tooling necessary to scale up and offer diverse 3D experiences, in order to be a long-term partner for the many builders in the web3 space.” “We believe that great games powered by NFTs will not only onboard new users to blockchain technology but also help the gaming industry evolve,” added Oliver Maroney, who leads Gaming Partnerships at OpenSea. “ZTX is pushing the space forward.” Source: Forbes
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BIGG Digital Assets, a Singapore-based cryptocurrency company, has signed an agreement to acquire all preferred shares of metaverse firm TerraZero for a total value of approximately 62 million BIGG common shares (around $20 million).
Subject to approval from TerraZero shareholders and other processes, the transaction is expected to be completed by September 2023. With existing BIGG and TerraZero shareholders holding approximately 80% and 20% of BIGG shares, respectively, TerraZero, upon completion of the transaction, will become a wholly-owned subsidiary of BIGG Digital Assets. TerraZero’s revenue in the first and second quarters of this year reached approximately $1.5 million, a year-on-year increase of 161%, and it launched activation services for clients such as PwC, Fidelity International, and Warner Music. Focusing on the development of the Intraverse technology ecosystem, TerraZero plans to expand its business in the second half of 2023. The intraverse technology ecosystem is expected to launch in the first quarter of 2024. Source: CIO News Hong Kong’s Financial Secretary, Paul Chan Mo-po has reiterated his support for blockchain technology, calling it the next wave of "breakthrough growth" in the digital technology industry in a recent blog post.
In an Aug. 27 statement, Chan wrote that emerging sectors within Web3 such as NFTs, GameFi, Play-to-Earn gaming, and immersive entertainment are set to lead the next generation of digital entertainment. “The core blockchain technology of Web3, with its characteristics of disintermediation, security, transparency, immutability and low cost, can be applied in many fields such as finance, commerce, trade, supply chain management, and even daily life.” Chan’s statements came in the wake of his visit to a three-day blockchain-focused event called the Digital Entertainment Leaders Forum, hosted in Cyberport in Hong Kong. Source: Coin Telegraph Naver will provide upgraded search, shopping and other services through its hyperscale AI platform HyperCLOVA X, as well as AI services to help business customers be more productive, the IT company said Thursday.
"HyperCLOVA X, an advanced AI model, improves users' productivity and competitiveness. The platform is built to help individuals and businesses be more productive and will serve as the most convenient tool to increase efficiency," Nako Sung, head of Technology at Naver Cloud, introduced the company's latest hyperscale AI platform HyperCLOVA X during a conference in Seoul. During the conference, Naver introduced its hyperscale AI-powered large language model (LLM) HyperCLOVA X. It also unveiled new services based on HyperCLOVA X, including CLOVA X, a conversational AI service that is available from Thursday, and Cue:, a generative AI search service that will debut in September. CLOVA X can provide a variety of answers such as creation, summarization, reasoning, translation and coding, enabling what it calls "multi-turn conversations" where questions are asked and answered one after another. In particular, Naver added that CLOVA X is able to connect its internal and external services to provide an enhanced service experience, which makes it easier to access various vertical services. Source: The Korea Times The platform will facilitate the buying and selling of Web3 data among enterprises, with Alibaba Cloud and Huawei among the companies to participate.
During the 2023 Hangzhou Summit held in Hangzhou, China, government officials unveiled a new data exchange powered by blockchain technology. Over 300 enterprises, including Alibaba Cloud and Huawei, participated in the exchange’s debut. According to local news reports from Aug. 23, the new Hangzhou Data Exchange will facilitate the trading of enterprise information technology data using distributed ledger technology. Officials said the platform would ensure exchange trades are immutable and traceable. Chen Chun, director of the National Laboratory of Blockchain and Data Security, commented: “[The Hangzhou Data Exchange] utilizes research blockchain, privacy computing and other technologies to realize trusted sharing and effective use of data across departments and regions under data security and privacy protection.” Source: Cointelegraph Real-World Actions And Decisions Can Be Improved With Synthetic Data
Boeing is one company embracing this idea of an industrial metaverse. Indeed, the company says it wants to build the next airplane in the metaverse. A central part of Boeing’s vision is building digital twins – digital replicas of real-world objects or systems. By creating digital twins of the airplane and the production system that will build it, Boeing can simulate complex operations before taking action in a real-world manufacturing setting. In other words, in the industrial metaverse, the data from simulations informs what happens in the real world. Digital Twins Can Be Used To Simulate Anything From Entire Factories To Individual Products Digital twins are proving especially valuable in factory settings. At Siemens Digital Native Factory in Nanjing, China, the entire factory was simulated with a digital twin at the planning stage, and this allowed Siemens to detect and mitigate planning errors – and, in turn, optimize the building process. In fact, Siemens says that having a digital version of this plant helped to increase capacity by 200 percent and productivity by 20 percent. VR Will Make The Product Design Process More Immersive And Collaborative Of course, the use of digital twins will aid the product design process, allowing designers to simulate products, spot flaws, and improve the design before the product is actually built. And this could solve a lot of quality issues. (Boeing, for example, says that more than 70 percent of its quality issues are linked to design issues.) But there’s another metaverse-related technology aiding the design process: virtual reality (VR). Specifically, we’re talking about designing products within an immersive VR space as opposed to simply working on a screen. Imagine, for example, designing a car by immersing yourself in a VR version of the car’s interior. In the future, we can expect to see product designers increasingly don a VR headset to immerse themselves in whatever they're designing. Designing in VR will be particularly powerful when combined with digital twins – meaning the designer could immerse themselves in the design, making changes to the product in the virtual metaverse space, and the digital twin would update in real-time to reflect those design changes. Source: Forbes Cocone, a leading Japanese entertainment studio at the forefront of avatar and digital fashion creation, today announced its plans to officially launch into the competitive U.S. gaming and entertainment market. Founded in 2008, Cocone has rapidly grown to become one of the most popular studios in Asia, with offices spanning Japan, Korea, China, Singapore, Estonia, United Arab Emirates, and now the United States. Currently, Cocone has over two million monthly active users (MAUs) across the globe, with over one million unique digital items created and over 16.6 billion digital items generated across it.
With its catalog of innovative and genre-defining experiences, Cocone has partnered with leading global brands, including Disney and Sanrio. The Company’s mantra of reimagining what it means to connect with the world through digital means has powered its progressive technology and created a cutting-edge immersive social experience built around character creation. Cocone will establish its US presence with the launch of three new services across Q4 2023 and Q1 2024 – Centennial, C.A.T. Club, and Toyverse – with more to be announced in early 2024. The Company’s breadth of knowledge is highlighted by its nearly 15 years of experience operating metaverse services, avatar creation, proven capability of connecting virtual world assets with real world economy through a secure ecosystem, and cutting edge technological advancements – including exploration of artificial intelligence. The experience and know-how accrued over the past decade primes Cocone for a swift and successful entry into the Western market. Source: Metaverse Insider Japan is intensifying its pursuit of cutting-edge defense technology in response to the complex geopolitical environment, and a military metaverse is emerging as a potentially potent tool for bolstering its armed forces against potential adversaries.
In a notable step, the Japanese government released the Defense Technology Guidelines 2023 in June, emphasizing the need to adapt to evolving technologies in modern warfare. This directive identified 12 key priorities for around 200 selected companies participating in the nation’s defense tech initiative. Notably, these priorities encompass concepts like “visualization of invisible things” and “capabilities that make virtual/imaginary information as real things.” Discussions are anticipated in upcoming meetings with participating firms to explore the creation of a metaverse aimed at deceiving opponents. A military metaverse has diverse potential applications, as noted by defense analysts. These include advanced troop training through high-tech education, immersive recruitment techniques, and enhancing interoperability within defense and security circles. By leveraging this concept, Japan could incorporate subversion tactics into the virtual realm to redirect outcomes in adversaries’ decision-making processes. Such an approach could not only safeguard Japanese troops but also civilians. Source: Cointrust Over the course of the past decades, India's progress has been intricately intertwined with its adoption of emerging technologies. From the realm of IT to the domains of digital transactions and e-governance initiatives, technological progress has occupied a central role in driving economic growth, innovation and social development in the country. Emerging technologies like Web3 present an extraordinary opportunity to further revolutionise India's digital landscape.
According to Prime Minister Narendra Modi, adoption of technology will make the country Aatmnirbhar. To leverage the potential of Web3, the government is actively pursuing a comprehensive national strategy for blockchain. As the current leader of Global Partnership on Artificial Intelligence (GPAI), India is committed to effective utilization of AI for spurring innovation. Even at the state level, governments are working towards realizing the potential of Web3. The state of Telangana, in collaboration with the Reserve Bank of India, has launched a Web3 Regulatory Sandbox, paving the way for similar partnerships across the country. Source: Hindustan Times Web3 games have the potential to become a significant player in the gaming industry, contributing to a substantial market share over the next decade. However, as with any developing innovation, the realm of Web3 gaming is not without its challenges. The industry has made a lot of promises and progress, but it’s important to question whether we’re on the right track. Are we heading in the right direction, and what steps must be taken to tackle challenges and fulfill the promised value in this new era?
The growth of Web3 gaming has exhibited a remarkable surge, experiencing an astounding 2,000% increase from 2021 to 2022. This remarkable growth has not only captured the attention of avid gamers but has also attracted a multitude of highly skilled developers, surpassing any previous records in the gaming industry. In 2022, Web3 gaming demonstrated resilience and established itself as a significant participant in the realm of blockchain. While other sectors in Web3 experienced a slowdown, the gaming space continued its global expansion. This period witnessed continued investment in Web3 gaming, even amid what some might consider a “crypto winter.” Source: Forkast |