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The Emerging Metaverse Economy and the Future of Payment Systems

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Source: This day

When Neal Stephenson first postulated the idea of humans interacting in a three-dimensional virtual space in his 1992 science fiction novel “Snow Crash”, many deemed it unrealistic and futuristic. Such scepticism arose from the era’s technological limitations, where the tools to build a fully immersive digital world were largely in their infancy. However, with the rapid technological advancements witnessed in recent years – the proliferation of the internet; breakthroughs in blockchain, cloud computing, artificial intelligence (AI) and virtual/augmented reality (VR/AR); and the growth of digital social platforms – the dream of a complete Metaverse is nearing actualisation.

Currently, the Metaverse is in its early phases. Its definition remains somewhat elusive, without universal agreement. However, at its heart, it is a vast virtual space made possible by the union of the aforementioned technologies. It represents a fusion of our physical and digital realities, crafting a distinct and immersive 3D setting for human connection. And while its exact definition may be debated, there is a growing consensus about its potential to profoundly revolutionise human interactions. Indeed, at its full-scale realisation, the Metaverse will alter how humans interact with each other and engage in activities like working, socialising, playing and shopping within the digital space. This transformative impact is expected to unlock a wide range of economic opportunities across various sectors.

Read more: https://www.thisdaylive.com/index.php/2023/09/22/the-emerging-metaverse-economy-and-the-future-of-payment-systems

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Metaverse

All Eyes on Art: Upcoming Collections to Watch the Week of May 13

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Source: nftnow

When you consider just how quickly things move in the metaverse, it’s a wonder that anyone can keep up with all the news and product launches, let alone the constant influx of incredible artwork. 

All things considered, it raises an important question: how can you efficiently discover the best upcoming art collections?

For the answer, look no further! I’ve scoured the metaverse to uncover the drops you simply can’t afford to overlook so you can focus on elevating your collection instead of endlessly scrolling through X and Discord.

Read more: https://nftnow.com/art/all-eyes-on-art-upcoming-collections-to-watch-the-week-of-may-13/

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Metaverse

All Eyes on Art: Upcoming Collections to Watch the Week of May 6

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Source: nftnow

When you consider just how quickly things move in the metaverse, it’s a wonder that anyone can keep up with all the news and product launches, let alone the constant influx of incredible artwork.

All things considered, it raises an important question: how can you efficiently discover the best upcoming art collections?

For the answer, look no further! I’ve scoured the metaverse to uncover the drops you simply can’t afford to overlook so you can focus on elevating your collection instead of endlessly scrolling through X and Discord.

Read more: https://nftnow.com/art/all-eyes-on-art-upcoming-collections-to-watch-the-week-of-may-6/

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Metaverse

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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