Animoca Brands eyes $2 billion new metaverse fund

    Blockchain gaming group Animoca Brands plans to launch a fund of up to $2 billion to invest in metaverse startups in the mid and late stage, the company’s co-founder and CEO Yat Siu said. The fund aims to strategic investments in Web3 ecosystem development rather than pursuing financial returns. Animoca Brands CEO, Yat Siu, said…

    Web3 and the Metaverse bring people together amid FIFA World Cup

    Prominent brands from the crypto universe are spearheading novel collaborations and partnerships with mainstream brands and organizations to unlock an array of fully immersive and gamified experiences revolving around the largest football event of the year in Qatar. As social beings, the desire to “belong” is deeply ingrained in us. Since time immemorial, humans have…

    Nike to launch its own virtual trading platform for digital goods

    Nike is opening an online store and trading platform for virtual sneakers pumping investment into the metaverse. The ‘.Swoosh’ platform is a major part of the sneaker maker’s push into the metaverse. User registration begins on Nov. 18. Nike Inc., the world’s largest sportswear company, plans to release its own digital goods on the .Swoosh…

    Gulf Crypto Insight: Hot crypto news from the MENA region – October 28

    Top crypto news from the Middle East region over the last week (Oct. 22–28, 2022): BitOasis with Mastercard rolls out crypto-linked cards in the MENA region Сrypto platform BitOasis and Mastercard have partnered to launch a series of crypto card programs in the MENA region to enable the use of cryptocurrencies at points of sale…

    Visa plans to launch its own crypto wallet

    Transnational payment giant Visa has filed several crypto-related trademark applications, including crypto auditing software, NFTs, the metaverse, and its own cryptocurrency wallet. The financial corporation seemingly intends to dive deeper into the crypto world, even though CEO Al Kelly recently questioned its utility. According to trademark attorney Mike Kondoudis, the applications indicate that Visa intends…

    Gulf Crypto Insight: Hot crypto news from the MENA region – October 21

    Top crypto news from the Middle East region over the last week (Oct. 15–21, 2022): GITEX Global was held at the DWTC, UAE GITEX GLOBAL (Gulf Information Technology Exhibition) is one of the biggest and a highly influential technology conferences happening since 1981. GITEX 2022 was a five-day event (October 10th-14th) at the Dubai World…