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BAYC Creator Yuga Labs Successfully Restructures to Prioritize Metaverse Development

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Source: Cryptopotato

Yuga Labs, the creative force behind the popular Bored Ape Yacht Club (BAYC) NFT collection, has completed a restructuring phase to position it for long-term success.

In a message to the community, Yuga Labs CEO Daniel Alegre shared insights into the company’s journey, achievements, and a renewed focus on the metaverse project, Otherside.

Yuga Labs Sets Sights on Otherside Metaverse Project

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Saudi’s National Metaverse Project ‘Cultural Universe’ Unveiled on Founding Day 2024

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Source: Coinpedia

The Saudi Ministry of Culture has launched what appears to be the world’s first state-operated national metaverse project, ‘Cultural Universe’. The innovative virtual environment, which integrates droppGroup’s Generative Media Intelligence (GMI) AI technology and Oracle’s Hyperledger Fabric 2.5 blockchain, was unveiled on February 22 to mark Saudi Arabia’s Founding Day 2024.

The purpose-built Middle Eastern metaverse digitally replicates various attractions and activities which formed part of last week’s real-life celebrations in the capital Jeddah. These include a History Walk which provides an educational stroll through significant events in the nation’s history, as well as sections devoted to Saudi heritage including music, art, history, and cuisine.

Read more: https://coinpedia.org/information/saudis-national-metaverse-project-cultural-universe-unveiled-on-founding-day-2024/

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#1 Blockchain Revolution Empowering Contemporary Artists in the Tokenized Digital Age

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Source: Newstrail.com

In the fast-evolving landscape of contemporary art, a revolutionary force is at play: Digital ledger technology. This decentralized and secure technology has captured the attention of artists worldwide, providing a groundbreaking Tokenization solution to long-standing challenges in the art industry. For the first time, non-centralized computers can establish inviolable rules for software, offering irrefutable proof of ownership and enabling peer-to-peer transfer of assets in mere seconds. This is something tech-savvy creatives are very keen on since the old forged documents of the past 500 years are no longer relevant in the new Decentralized digital ledger order of things.

The Genesis of Digital Ownership

At the heart of the digital ledger revolution for contemporary artists lies the concept of Tokenized digital ownership. By making software-enforced commitments to users, blockchains introduce a paradigm shift, ensuring that ownership of digital assets is verifiable and transferable in a peer-to-peer manner. This is achieved through tokens – representations of ownership hosted and stored directly within the platform of new digital cryptocurrencies.

Read more: https://www.newstrail.com/1-blockchain-contemporary-artists-tokenized-web/

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China’s Chengdu bewitches onlookers with its Metaverse District

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Source: Travel and Tour World

Chinese have always advocated and fostered innovation, progress, and evolution. China’s Chengdu brought this to light once more with the opening of the Metaverse District on Jiarozi Avenue, which bewitched onlookers. 

The inauguration event was lavish and opulent, culminating in a virtual spectacle and a dazzling light show. The attendees were witnesses to this dazzling wonder as the metaverse was finally augmented into traditional commerce. 

The ceremony began with a luminescent display and virtual jousting

The Tianfu Towers, which stand with their heads held high, canvassed the sky with a stupendous 360-degree light display. The eclectic elements were interspersed with sound, transitioning the buildings into murals that evoked more than 400 New Year wishes from Chengdu citizens.

Read more: https://www.travelandtourworld.com/news/article/chinas-chengdu-bewitches-onlookers-with-its-opening-of-metaverse-district/

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