AI will help realize the true vision the Metaverse hopes to achieve
Artificial intelligence will be an integral piece of the metaversal puzzle that will help to create an impactful user experience, thus dramatically increasing the market size. The metaverse space is moving rapidly in terms of hype and the volume of new projects being launched — so much so that the industry market size is projected to grow from $100.27 billion in 2022 to $1,527.55 billion by 2029. But how many of these new projects are even remotely capable of realizing the actual vision set out? We’re a long way from seeing a true metaverseMany of the metaverse projects that have been....
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Instead of using moderators to shadowban users à la Twitter, the metaverse could offer a mechanism operable across blockchains incentivizing us to police fellow users ourselves. For all the hype around the metaverse, it is easy to forget it is still in its infancy. While the term has only recently entered the broad public consciousness, its impact on how we interact with technology is already expected to be deeply consequential. McKinsey & Company estimates that annual global spending within the metaverse could reach $5 trillion by 2030 across domains as broad as gaming, social, fitness,....
With all the hype surrounding the Metaverse, the NewsBTC team caught up with Tim Bullman, the co-founder of Caduceus Foundation to learn more about their initiative. Caduceus is a blockchain dedicated to metaverse development, supporting developers and creators to build their own metaverse, NFT, GameFi and DeFi projects. Here are excerpts from our interview. Q: Can you please tell us more about your journey that led to Caduceus? Tim: After successfully launching UK’s first corporate crypto brokerage business, I met my other co-founders. We shared the same vision that the blockchain sector....
With all the hype surrounding the Metaverse, the NewsBTC team caught up with Tim Bullman, the co-founder of Caduceus Foundation to learn more about their initiative. Caduceus is a blockchain dedicated to metaverse development, supporting developers and creators to build their own metaverse, NFT, GameFi and DeFi projects. Here are excerpts from our interview. Q: Can you please tell us more about your journey that led to Caduceus? Tim: After successfully launching UK’s first corporate crypto brokerage business, I met my other co-founders. We shared the same vision that the blockchain sector....
The Sandbox, a blockchain-based metaverse game, has scored an investment of $93 million to keep expanding its metaverse proposal. The funding round was led by Softbank’s Vision Fund 2, an investment vehicle that puts funds on early tech-based companies. Other investors in the round included Animoca Brands, True Global Ventures, Liberty City Ventures, and Galaxy Interactive, among others.
The Sandbox Gets $93 Million in Series B Funding Round
The Sandbox, one of the leading blockchain-based metaverse games, has closed its Series B funding round raising $93 million to....
SoftBank Vision Fund 2 led the $93 million Series B round, marking the fund’s first investment into crypto assets. The metaverse continues to be the next attraction point of crypto for investors, with The Sandbox, an Animoca Brands subsidiary and nonfungible token (NFT) metaverse platform, raising fresh capital in a funding round led by SoftBank Vision Fund 2.Marking SoftBank Vision Fund 2’s first investment into the crypto assets, The Sandbox’s Series B round saw $93 million raised with the participation of Animoca Brands, True Global Ventures, Galaxy Interactive, SCB 10X, Polygon Studios....