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Upland, the web3 Metaverse Super App, announced an extension to its Series A funding, securing an additional $7 million. This recent investment further positions Upland as one of the most widely-used web3 apps, with over 3 million registered accounts on the EOS blockchain and nearly 300,000 virtual property owners, greatly outpacing its competition.
The Series A extension adds EOS Network Ventures as a new investor, alongside participation from existing investors C3 Venture Capital, Animoca Brands, and angel investors. Read More...
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In a groundbreaking partnership, Deutsche Telekom’s subsidiary, Deutsche Telekom MMS, has entered the world of Web3 by becoming a validator on the MultiversX Network. This alliance signifies a significant step forward in the realm of blockchain technology and the Web3 infrastructure, as the telecommunications giant takes on a crucial role in securing, validating transactions, and enhancing the capabilities of the MultiversX Network.
Read More... THE VERSE announced the launch of its highly-anticipated metaverse, a groundbreaking and interconnected virtual world. Pioneering a single-server approach, THE VERSE offers an unparalleled seamless experience, distinguishing itself from other multi-server platforms.
THE VERSE seeks to deliver a virtual space that is both immersive and inclusive. In a digital landscape often marked by fragmentation and profit motives, THE VERSE promises to rekindle the original spirit of a comprehensive and beautiful virtual world meant for everyone. Read More... Insomnia Labs, an NYC-based Web3 solutions firm dedicated to bringing brands into Web3, in collaboration with Web3 pioneers, including Co:Create, Smart Token Labs, Cookie3, and Crossmint, today announced the launch of Loyalty+, a next-generation blockchain-based tech stack aimed at transforming the landscape of brand loyalty.
The new initiative empowers brands to refresh their existing loyalty experiences, integrating state-of-the-art Web3-based technologies such as blockchain, non-fungible tokens (NFTs), and artificial intelligence (AI) to deliver a modern alternative to traditional loyalty models. Read More... Neal Stephenson has unveiled the plans of his Lamina1 blockchain company for an open metaverse in partnership with the Avalanche chain.
Now as breathless as that sounds, it doesn’t mean Stephenson’s virtual world of Snow Crash — the 1992 novel in which he coined the term “metaverse” — is coming soon. But this launch of Lamina1’s Layer 1 blockchain on Avalanche is a necessary part of the infrastructure. Read More... The Depository Trust & Clearing Corp. (DTCC) has agreed to acquire blockchain startup Securrency for approximately $50 million. The acquisition is part of DTCC’s efforts to expand its digital ledger technology (DLT) offerings.
Securrency’s platform uses blockchain technology to create a distributed ledger of securities ownership. This allows for real-time settlement of trades, as well as improved transparency and auditability. DTCC plans to use Securrency’s technology to develop new post-trade solutions for a variety of asset classes. Read More... Forj, an NFT creators platform owned by Animoca Brands, announced on Tuesday the launch of the Ape Accelerator, a community-led accelerator and launchpad funded by the ApeCoin DAO.
“We chose to launch on ApeCoin because it has the most collaborative and socially engaged community across Web3,” said Harry Liu, CEO of Forj. He said that the idea is to drive more adoption for the Bored Ape Yacht Club-themed token, tapping into the hundreds of projects that are currently alive within its community. Read More... Microsoft’s official purchase of the video game publisher Activision has raised more questions about how crypto and the metaverse will influence both companies’ products and operations.
When the acquisition was announced in January 2022, Microsoft claimed it would “accelerate the growth in Microsoft’s gaming business” and “provide building blocks for the metaverse.” A few paragraphs later, the company claimed that “Gaming […] will play a key role in the development of metaverse platforms.” Read More... CGI is benefiting from an expanding clientele and strong partner base. The company benefits from its proximity-based business model combining its worldwide network of experts and capabilities with local accountability and end-to-end client services.
CGI’s recent announcement of successfully completing a real-time pilot conducted within a planetary-scale Metaverse environment. It involves the seamless integration of the Marine Corps Platform Integration Center (MCPIC) logistics and asset management systems with digital twins, which are virtual duplicates of tangible assets in a simulated world. Read More... The OKX Wallet web extension has integrated WALL a multi-chain decentralized finance platform offering trading, lending, liquidity pools, and other DeFi products and services. This provides expanded decentralized finance access, enhanced interoperability, and greater convenience for users across both ecosystems.
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