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    Bitcoin price has hit bottom; coldest days of Crypto Winter are over – Ran Neuner and Steven Sidley

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Home»Ripple»Metaverse Weekly: Ripple CEO Calls NFTs ‘Underhyped’
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Ripple

Metaverse Weekly: Ripple CEO Calls NFTs ‘Underhyped’

adminBy adminJune 3, 2022No Comments4 Mins Read
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Is it possible to celebrate Memorial Day at the Metaverse? of course. Should you do This is another question — and a question with a lot of question marks.

In a sense, the Metaverse is the perfect place for such a celebration. This is especially true if some of the honored veterans, such as World War II veterans who ended 72 years ago, have reached an era when large-scale parades are difficult.

reference: Metaverse Anniversary: ​​Blood, Labor, Tears, Sweat … and Mattress Sale?

This technology still sometimes has glitches in blockchain-based metaverses like Decentraland and The Sandbox, but it can certainly handle it. Last year, a concert of over one million attendees at Fortnite, the world of massive multiplayer online games, has transformed into a non-blockchain metaverse.

Whether you should do it is another story. One argues that the people who fought for this country deserve a direct appearance, rather than the “immersive virtual reality” that is currently just a World of Warcraft (WoW) style game. The world — the entire 3D experience doesn’t really exist yet and is often very clunky and basic.

Second, if you think trolls are bad online or in video games, there is WoW’s infamous funeral raid when a famous player celebrating another dead player is attacked and wiped out. Imagine a more immersive setting. Or read this perhaps unruly report last week on the Metaverse Horizon World pre-Metaverse entitled “Metaverse: Another Ruins of Toxic Content”.

It raises another bigger issue with blockchain-based Metaverse projects that claim to be censorship-resistant: a shared virtual world designed for social, entertainment, and commerce, the behavior of people who can act without results. Can you survive?

Safe space

However, on the other hand, you can safely get together for events like Pride Month for LGBTQ + people who can’t always do so in real life.

The group People of Crypto has collaborated with the blockchain-based Metaverse The Sandbox to create a youth center called the Valley of Belonging, Cointelegraph reported. Meanwhile, the report added that Decentraland is debuting Metapride Land at the celebration of Metaverse Pride on June 11.

“This provides a permanent and secure space for the global LGBTQIA + community to interact and meet with other members around the world,” said Iara Dias, Head of Metaverse Pride and Senior Producer of Decentraland. I am saying. “Users will have access to the space all year round, not just Pride Month.”

Payment arrives at Decentraland

I’ve been able to make payments at Decentraland using MANA native cryptocurrencies for some time, but now I can learn about payments there.

French payments company Worldline has opened what it says is one of the first virtual showrooms of the Metaverse payments industry company.

read more: European Payments Services Company Worldline Opens Virtual Showroom in Metaverse

Located in the “neighborhood” of Crypto Valley in Decentraland, the project “closes the gap between e-commerce enterprise virtual and real-world networks and fully benefits from the incredible potential Metaverse offers. The purpose is to provide merchants with the opportunities they need. ”According to the press release.

Meanwhile, Brad Garlinghouse, the candid CEO of cross-border crypto settlement company Ripple, told Cointelegraph that non-fungible token (NFT) spaces are “not hyped.”

While admitting that “there is clearly a lot of hype in some parts of the NFT market,” Garlinghouse argued that irreplaceable tokenization of assets hasn’t received the attention it deserves.

Metaverse chart

CNBC reported on May 30 that South Korea may not have the most laissez-faire attitude towards cryptocurrencies in terms of regulation, but is making a big bet on the Metaverse.

The country’s Ministry of Science, Information and Communication Technology has invested more than $ 177 million in funding to encourage and support the business of the emerging Metaverse industry. Its minister, Keishu Hayashi, called the Metaverse the “unknown digital continent.”

However, the fund is being looked at on a small scale as the Seoul metropolitan government plans to deploy a virtual world focused on access to government services.

——————————

New PYMNTS data: Customized Shopping Experience Survey – May 2022

about: PYMNTS’s 2,094 consumer survey of The Tailored Shopping Experience report in collaboration with ElasticPath shows where merchants are doing it right and where their games need to be enhanced to provide a customized shopping experience. Is shown.

Calls CEO Metaverse NFTs Ripple Underhyped Weekly
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