Category: Metaverse News

The Metaverse, a concept that is yet to be fully understood by the world yet, seems to be the next level in our Technological development. One definition might essentially describe the it as an ongoing interoperable digital world filled with interactions, assets, experiences and other features that overlap with real life. The metaverse exists in various forms and one example might include a digital virtual reality world in which users own valuable items, represented as nonfungible tokens (NFT) that can be sold and transferred in the real world outside of that particular space. Coinscreed offers you the latest developments, updates, insights, and trends related to the Metaverse.

Silvergate Enters the Unsuccessful Diem Project With a $200 Million Offer

Silvergate Bank rescues Diem, also known as Facebook Coin, by purchasing the assets of the failed project. Diem’s debut was earlier thought to be contingent on receiving regulatory permission in the United States by Facebook founder Mark Zuckerberg. In a news release issued on Monday, Diem CEO Stuart Levey claimed that officials had turned down the proposal. “it nevertheless became clear from our dialogue with federal regulators that the project could […]

Diem was a Waste of Time, Meta Should’ve Focused on BTC says Twitter Founder

Many of Meta’s products, like Facebook Messenger, Instagram, and WhatsApp, would benefit from easier access to BTC stated Jack Dorsey. On Tuesday, MicroStrategy CEO Michael Saylor spoke with Dorsey about how businesses might integrate and use Bitcoin at his company’s “Bitcoin for Corporations 2022” conference (BTC). Should Facebook Focus on Meta ? Although Facebook launched Diem for “the right motives,” Dorsey believes it should have instead chosen an open-ended technology like […]

Japanese crypto exchange Coincheck partners with The Sandbox to build a metaverse city

Coincheck, a Japanese crypto exchange, revealed on Sunday that it has teamed up with The Sandbox, to create a new metaverse city dubbed ‘Oasis TOKYO.’ The partnership is expected to boost The Sandbox brand in the Japanese market The project will be built on LAND, a virtual piece of real estate in The Sandbox’s metaverse […]

Sandbox partners with Warner Music Group to create a music-themed land in the Metaverse

Music lovers can now enjoy premium entertainment in the metaverse as the Sandbox has announced a partnership with Warner Music Group, or WMG, on Thursday to build a virtual musical-themed park and concert in the metaverse. The Warner Music Group’s LAND in The Sandbox will showcase concerts and live events showcasing WMG-represented artists and talent. […]

Turkish president calls for more research on the Metaverse

Turkish President Recep Tayyip Erdoğan who had earlier said no to crypto has an interest in the metaverse. He has called on leaders from the ruling Ak Party to discuss the metaverse, with Erdoğan urging for more investigation. According to a Daily Sabah newspaper, Erdoğan has ordered the Ak Party to research the metaverse , […]