House of Blueberry Ramps Up Metaverse Fashion Offerings With $6M Fundraising
House of Blueberry has announced a $6 million fundraising for its fashion-focused metaverse business.
Samsung Spends Millions On Metaverse For Latin Americans
Samsung has disclosed that it is currently spending more than $35 million on metaverse projects for the Latin American market.
NH Asset Was Approved To Provide Compliant VA Discretionary Management Account Service for Professional Investors
NH Asset, the subsidiary of New Huo Tech, was approved to provide compliant VA discretionary management account service for professional investors.
AFA Partners with Upland to Expand the Realm of Fandom of Argentina’s First Division to the Metaverse
This strategic partnership will allow AFA and LPF to engage Argentinian fans with the metaverse, contributing to the digital community while benefiting from the extensive participation of the global Argentinian football community, connecting users with their teams and favorite players.
The Block Released 2023 Digital Assets Outlook
The Block released 2023 Digital Assets Outlook. The report focuses on 2022 key developments from 10 sectors in the cryptocurrency industry and trends to look out for in 2023.
Lamina1 Launches Layer 1 Ecosystem Rolling Fund (L1EF) on AngelList for Investors and Open Metaverse Builders
Lamina1, the Layer 1 blockchain optimized for the Open Metaverse and its projected multi-trillion dollar economy, is launching the Lamina1 Ecosystem Fund (L1EF) on venture platform AngelList. The first-of-its-kind fund serves two goals: to offer global accredited investors a way to gain direct investment access to early-stage Layer 1 projects not previously accessible to the general public and to provide Web3 builders with a vehicle for raising capital for their Open Metaverse ventures prior to mainnet. Investors and builders can both apply to participate immediately. The fund launch will be closely followed by the much-anticipated launch of Lamina1’s testnet. (businesswire)
NFT Displays Go 3D With Investment Boost From Christie’s Venture Arm
Christie’s auction house is going beyond digital frames to display NFT art, and leveraging 3D holographic technology to showcase both traditional and blockchain-based art in their global galleries. Its in-house investment firm, Christie’s Ventures, invested an undisclosed amount into Proto Inc., a hologram maker that became its fourth portfolio company. Proto and Christie’s have collaborated on various occasions throughout the past year to present both traditional arts from artists like Edgar Degas or Alberto Giacometti in 3D, and NFT art for the quirkily spelt fRiENDSiES collection in a March auction. (Blockworks)
Metaverse Market Collapses, With Monthly Platform Sales Falling 96% So Far This Year
While Metaverse platforms brought in $49.2 million in monthly trading volume in January, that figure dropped to a mere $2 million in November, a decline of 96% from the start of the year, according to The Block Research's 2023 Digital Asset Outlook report. Metaverse land prices have also fallen 90% from the beginning of the year, according to The Block's data dashboard.
Spain Will Provide 8 Million Euros in Grants to Develop Video Game and Metaverse Experiences
The Ministry of Culture and Sports of Spain has decided to direct 8 million euros ($8.5 million) toward the development of video games and narrative metaverse experiences. The program, part of the Spanish “Recovery, Transformation, and Resilience Plan” will give grants directed to incubate projects in these areas in 2023.
Current Infrastructure Can’t Support the Metaverse, Says Huawei Report
Chinese telecom giant Huawei doesn’t believe current telecom infrastructure is enough to cope with the needs of the Metaverse, adding that 5G and 6G networks just might.
