Category: News
Nissan Revs Up for the Future: Blending Car History with Web3 Driver Education in the Metaverse
Nissan has taken a pioneering step by launching a one-of-a-kind metaverse experience called the “Heritage Cars & Safe Drive Studio.” This innovative project seamlessly blends the rich history of Nissan with interactive educational exhibits, all within the immersive realm of the metaverse. This new initiative marks the 90th anniversary of the Nissan Motor Co. and…
Silicon Valley Giant Shifts Gears: Andreessen Horowitz Eyes AI, Puts Crypto on Hold
Andreessen Horowitz (a16z), a prominent name in Silicon Valley venture capitalism, is making a strategic pivot. The firm, known for its early bets on tech giants like Facebook and Airbnb, is reportedly placing a larger focus on Artificial Intelligence (AI) while seemingly hitting the brakes on further cryptocurrency investments. This news comes as a surprise…
AI Project Gone AWOL: Humanized AI Vanishes with $665,000
The world of cryptocurrency is rife with innovation, but unfortunately, it also attracts scammers. A recent incident involving Humanized AI, a project promising to revolutionize AI’s understanding of human perception, serves as a stark reminder for investors to be cautious. Humanized AI offered HMZ tokens to users in exchange for their contribution to the project’s…
Ordinals Drive Bitcoin NFTs Past Ethereum in Weekly sales
Amid the ongoing crypto summer, Bitcoin NFT sales have surpassed Ethereum. The action is driven by a sudden spike in Bitcoin Ordinals-based NFT collections, particularly led by the NodeMonkes collection. Bitcoin NFT sales saw an impressive 80% increase week-over-week, reaching $168.5 million. Notably, three of the top five best-selling NFT collections during this period were…
Binance discontinues Naira Trading on P2P platform, Nigerian Government makes Compensation claim
Binance has removed Nigeria’s official currency, the Naira, from its peer-to-peer service. The decision comes amid recent efforts by the Nigerian government to stabilize the value of the Naira. During a BBC interview aired on March 1st, Bayo Onanuga, the special adviser to President Bola Tinubu, disclosed the compensation request, highlighting it as a measure…
Hong Kong Invests $383 Million in Boosting Cyberport’s AI Development
Hong Kong has announced a significant investment in artificial intelligence (AI) by allocating HK$3 billion (approximately $383 million) to its Cyberport business park. This multi-year scheme, announced by Financial Secretary Paul Chan during the 2024 budget announcement, aims to fuel Hong Kong’s digital economy by fostering innovation and collaboration within the AI sector. Cyberport, a…
DECENOMY Unveils 2024-2025 Milestone Sheet: Asset Providers, Think Tank, and Expansion in Focus
DECENOMY has unveiled its milestone sheet for 2024 and early 2025, outlining a focused plan for growth and development. The blueprint highlights several key objectives, demonstrating the project’s commitment to expanding its network, fostering thought leadership, and establishing itself as a leading force in the asset tokenization industry. Key Milestones for Q1 2024: Q2 Pivotal…
Founding Day Gets a Digital Twist: Saudi Arabia Launches Cultural Metaverse
The Ministry of Culture in Saudi Arabia has inaugurated a metaverse platform specifically designed to exhibit and safeguard the country’s cultural heritage, coinciding with its founding day celebrations. Last week, the Cultural Universe metaverse project was launched, offering users an immersive journey through Saudi Arabia’s extensive history dating back to 1727. Developed using Oracle’s Hyperledger…
The Tokenization Drive: What are Real World Assets?
Real world assets (RWAs) are physical or traditional assets like real estate, commodities, debt instruments, and various financial contracts that are being tokenized on blockchains. Tokens representing ownership related to RWAs are bringing new liquidity and accessibility to previously illiquid markets. What Are Real World Assets? Real world assets are assets that have tangible value…
Japan’s Financial Services Agency issues statement on P2P crypto transfers
Japan’s main financial regulatory body, the Financial Services Agency (FSA), has issued recommendations to domestic banks on peer-to-peer (P2P) crypto transactions. The FSA has urged banks to enhance user protection by halting transfers to crypto exchange service providers in cases where the sender’s name differs from the account name. The decision could potentially jeopardize P2P…