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.

South Korea’s SK Telecom Plans To Expand Its Metaverse To Europe

South Korea's SK Telecom Plans To Expand Its Metaverse To Europe

On the heels of the huge support being enjoyed by SK Telecom from its government and other local businesses, the company is now set to extend its Metaverse to European countries. SK Telecom of South Korea announced plans to expand its rapidly growing Ifland metaverse into Europe through a German partnership. During a first-quarter earnings […]

Dubai’s VARA Establishes Headquarters In The Metaverse To Become More Accessible

Dubai's VARA Establishes Headquarters In The Metaverse

The Virtual Assets Regulatory Authority (VARA) of Dubai has established its metaverse headquarters in The Sandbox virtual world. The Virtual Assets Regulatory Authority (VARA), Dubai’s digital assets regulator, has established its metaverse headquarters (HQ) in the virtual world of The Sandbox, according to a statement from the regulator. The regulator stated that the goal of […]

Yuga Labs Records Millions On Otherside Project Despite Phishing Attack

Yuga Labs Records Millions On Otherside Project Despite Phishing Attack

During the hype surrounding Yuga Labs Otherside NFT drop scammers swindled millions of dollars worth of high-priced NFTs from unsuspecting collectors During the hype surrounding Yuga Labs’ Otherside NFT drop, scammers swindled millions of dollars worth of high-priced NFTs from unsuspecting collectors. Phishing scammers continue to prey on NFT collectors, and members of the Bored […]

NFT Mint That Broke Ethereum, Worst Gas War That Wasted $180 Million In Fees

NFT Mint That Broke Ethereum, Worst Gas War That Wasted $180 Million In Fees

Yuga Labs has opened the long-awaited land sale for their new Otherside metaverse. The NFT mint sparked a gas war that wasted millions and clogged up Ethereum resulting in failed transactions Otherside Metaverse NFT Mint Broke Ethereum The BAYC has had a wild year so far, and it’s only the beginning of the season! Yuga […]

ApeCoin Surpasses MANA, SAND, AXS, Becomes Largest Token On The Metaverse

ApeCoin gained 7% on Wednesday morning to trade at $19.10, bringing its seven-day gains to nearly 22%. This comes only a week after Yuga Labs, the creators of the Bored Ape Yacht Club (BAYC), announced the opening of its Otherside metaverse on Saturday. Since then, ApeCoin (APE), the standard currency required in Otherside, has surpassed […]