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In the swiftly evolving landscape of digital entertainment and virtual reality, a standout performer has emerged, charting a course through uncharted territories of growth and innovation. Roblox Corp., a titan in the online gaming service industry, has not only surpassed earnings estimates but also spotlighted the burgeoning potential of the Metaverse. With its recent earnings call for the period ending December 31, 2023, Roblox presented a compelling narrative of progress, revealing a 30% year-over-year revenue growth to $749.9 million and a significant 25.6% increase in bookings to $1.13 billion. This narrative is not just about numbers; it's about the shaping of a digital future.
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French global beauty brand is launching its third seasonal metaverse storefront.
L’Occitane en Provence, which opened a holiday virtual store based on the Emperia metaverse platform in November 2023 and launched an immersive, interactive metaverse shopping experience based on Emperia in July 2023, is now partnering with Emperia to open a metaverse store in honor of the Islamic holiday of Ramadan. Read More... MeetKai and National Basketball Players Association (NBPA) are launching their metaverse experience ahead of the NBA All-Star Weekend.
Los Angeles-based MeetKai joined forces with Think450, an innovation partner for the NBPA, to build the metaverse experience for fans engage with their favorite NBA teams and players. Guests can enter the virtual space created with MeetKai’s metaverse platform on their mobile and desktop devices to gain exclusive access to NBA players, merchandise and more. Read More... Bitcoin has once again taken center stage in financial circles, surging past the $52,700 mark and underlining a robust demand for the cryptocurrency. Data from CryptoQuant, a leading on-chain analytics firm, reveals that a staggering 75% of new Bitcoin investments are flowing through spot Bitcoin ETFs, underscoring the escalating interest in the digital asset.
As Bitcoin continues its triumphant climb, market analysts are setting their sights on the looming April 2024 halving event. There is a prevailing belief that the price may catapult to its all-time high (ATH) of $69,000, last witnessed in November 2021. Read More... Bored Ape Yacht Club creator Yuga Labs has acquired Proof, the NFT startup behind the Moonbirds collection and the Proof Collective membership program.
According to Yuga Labs, the company has completely acquired Proof and all of its properties, including Moonbirds, Oddities, Mythics, and Grails. Yuga will add the Proof team into its staff, and integrate the Moonbirds collection into its upcoming Otherside metaverse game. Read More... KIP Protocol, the Web3 base layer for artificial intelligence (AI), has successfully closed its strategic funding round led by Animoca Ventures.
Using KIP Protocol, AI app developers can easily create decentralised apps linking to a wide variety of models (whether on-chain or off-chain), drawing data from decentralised knowledge bases to provide retrieval-augmented generation services, with user revenue being distributed automatically and transparently to all contributors on chain. An early alpha of KIP Protocol’s code was a prize winner at Chainlink’s 2023 Fall Hackathon. Read More... Online gaming platform Roblox has developed a new AI-powered “unified translation model,” allowing players to converse with one another through text in real time despite speaking different languages.
In a statement by Roblox chief technology officer Dan Sturman, the new system required the firm to build its own in-house large language model (LLM) to be able to translate text-based messages at a base latency of 100 milliseconds — making conversations feel instantaneous for users. Read More... By April 2024, Decentraland is poised to unveil its magic on mobile and VR, reshaping its Metaverse for boundless creativity, immersive connections, and vibrant communities across virtual realms.
As part of its ‘Forging the Future’s Foundations’ initiative, a cutting-edge Unity-powered Desktop Client is being introduced to elevate the user experience. In just months to come, users will have the opportunity to participate in town hall meetings, peruse art galleries, and enjoy live concerts from anywhere — using any device. Read More... Sotheby’s Metaverse, the renowned platform for NFTs and digital art, has added Kresus, the Web3 SuperApp, to its list of supported digital wallets. This integration aims to provide digital art collectors with a user-friendly and secure solution for acquiring and storing NFTs in one centralized location.
Read More... Disney just infused $1.5 billion to keep the metaverse dream alive.
The corporate announcement avoided using the word metaverse. But the money is going to Epic Games, whose CEO, Tim Sweeney, has been among the earliest to publicly announce his ambitions to help build a metaverse, a persistent online 3D world that acts as either a replacement for or extension of how we use the internet. Read More... |
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