In Brief Yuga Labs partners with Somnia to enhance Otherside metaverse’s interoperability. Somnia’s L1 blockchain to boost Yuga NFTs’ functionality and user incentives. New partnership allows consistent avatar use across metaverse experiences. Yuga Labs, creators of the Bored Ape Yacht Club NFTs, have announced a groundbreaking partnership with Somnia, an emerging powerhouse in blockchain technology designed specifically…
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In Brief Forbes announces entry into The Sandbox metaverse, marking a significant step into Web3 and digital real estate. Plans to establish a community hub for interaction, engagement, and collaboration within The Sandbox metaverse. The media giant will include a luxurious pool, an elegant bar, and a gallery, aiming to create an engaging environment. Forbes…
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In Brief The metaverse is defining a new era of internet evolution through digital property rights, enabling true ownership of digital assets. Initiatives are debunking myths about digital immersion by promoting physical activity, illustrating the impact beyond virtual realms. The growing economy of the metaverse, as seen by a $1.64 trillion crypto market cap, is…
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In a nutshell The aggregate market cap of the huge four metaverse projects, The Sandbox, Axie Limitlessness, Enjin Coin, and Decentraland, has declined 92% from the $16 billion top in November 2021. Regardless of Apple’s Vision Master send off and Check Zuckerberg multiplying down on his Metaverse idealism, the area neglected to support the July…
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Briefly on June 25, 2023, the significant date that marks the five-year anniversary of TRON’s MainNet launch, a prominent blockchain platform. TRON DAO has stated its future goal of the blockchain becoming “a free port within the metaverse.” The organization intends to support projects like the USDD stablecoin to further its commitment to decentralization. Today…
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To summarize Yuga Labs has purchased approximately two-thirds of all metaverse land since the beginning of 2023. From the $300 million in metaverse sales this year, the collection has made approximately $200 million thus far. Particularly, as younger customers place a higher value on digital worlds than the real world, fashion houses are pushing their…
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