In the open metaverse, fungible tokens serve as the store of value and medium of exchange that keeps the economy growing. Although the total of cryptocurrency and other fungible tokens exclude NFTs ...

Emergence today announced the launch of the New Worlds Initiative, which offers support for the first 100 World Producers on the Open Metaverse. The Initiative is ...

OMA3, an association based in Zug, Switzerland, is announcing a new project called the Spatial Store to enable the open 3D internet. OMA3 is a consortium of the top creator companies in Web3 building ...

Animoca Brands Corporation Limited, the company advancing digital property rights for the open metaverse, and its subsidiary Bacasable Global Limited, operator of The Sandbox, a user-generated content ...

“Web3” has emerged as a buzzword over the last few months. An underlying assumption in this term is that there was a preceding web1, there was a web2 and there will soon be a new phase in this process ...

One of the biggest challenges of the metaverse is the lack of unified technical standards. Interoperability requires common protocols and standards that allow different virtual environments and ...

Animoca Brands and its subsidiary The Sandbox have raised $20 million of convertible promissory notes with a $1 billion valuation cap. The strategic funding was led by Kingsway Capital and Animoca ...

Readyverse Studios -- the “multi-world, multi-IP, interoperable open metaverse experience for mass consumers” created in part by Ready Player One writer Ernest Cline -- has announced an immersive ...

There are various schools of thought on the metaverse. Maximalists argue that it can be everything—that we can effectively work, play, exercise, shop and network in VR, coming up for air once in a ...

Yat Siu outlines the evolution of Web3 and the open metaverse since 2023, examining digital ownership, economic opportunities and the growth of DAOs, cryptocurrencies and NFTs. In 2023, I gave a talk ...