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Metaverse unleashed! What’s the latest?

The metaverse is arguably the biggest trend in the blockchain world. Several organizations have signed up or indicated an interest in joining the digital revolution. Here’s a series of recent updates from the metaverse community.

Sandbox and Warner Music Group

The Sandbox and Warner Music Group have announced a collaboration to offer high-quality music to the metaverse. The Sandbox is paving the way for broader adoption of the metaverse. The platform, which is owned by Animoca Brands, has announced a new agreement with Warner Music Group, a global music label. This is the first collaboration of its type, as it introduces WMG’s musical talents to the metaverse.

Sandbox said in a statement that the collaboration would result in the first music-themed concert in its game universe. The Warner Music Group’s LAND will serve as a platform for regular musical performances by its roster of gifted singers. Although Warner Music Group has dominated the music industry for decades, this would be the company’s first foray into the NFT metaverse.

Both parties will benefit from the collaboration. Each WMG celebrity who appears in The Sandbox will benefit from the platform’s visibility. It means that this collaboration will provide more opportunities for all WMG talent involved.

Almost every endeavor now has a home in the metaverse. The music industry, on the other hand, has yet to be completely represented. With this alliance, though, all of that is about to alter. The Sandbox also stated that it would collaborate closely with WMG to help coordinate its digital property in order to deliver high-quality musical experiences for the metaverse. 

Meta unveils AI supercomputer

Meta, Facebook’s parent corporation, announced that its freshly built artificial intelligence (AI) “Research SuperCluster” (RSC) will open the path for a greater metaverse adoption According to a Monday post announcing the hardware, Facebook estimates RSC is already one of the world’s fastest supercomputers and will take the top rank when it is up and running in mid-2022.

“The experiences we’re building for the metaverse require enormous compute power (quintillions of operations/second!) and RSC will enable new AI models that can learn from trillions of examples, understand hundreds of languages, and more,”CEO Mark Zuckerberg remarked in a post.

According to Meta, “Developing the next generation of advanced AI will require powerful new computers capable of quintillions of operations per second.” However, Meta did not reveal the location of the computer or the costs of its research and manufacture. It also noted the machine would have advanced features and will be able to process several natural languages and recognize speeches. 

Apple invests in the metaverse

Another big metaverse news came from Apple, a global gadget company.  During a recent call, Apple’s Tim Cook was quizzed on his thoughts on the metaverse and he said, “we see a lot of potential in this space and are investing accordingly.” Shortly after the call, Apple’s stock significantly jumped.

Unlike Meta, which has gravitated towards the use of the Oculus Rift to engage people in the Metaverse, Apple is betting big on augmented reality. Apple had planned to introduce a headset in 2022,  but such plans could reportedly be postponed due to hardware and software issues.

Interested Parties Can Now Purchase Tokenized Tesla Stock from Bittrex

Traders who are keen on purchasing tokenized Tesla stock from Bittrex can do so from now onwards. Additionally, users and traders can buy shares of Google, Apple, and others on the Bermuda exchange.

A news post on Decrypt which is a crypto exchange is going to list several tokenized stocks on their platform. This is in partnership with DigitalAssets.AG. Investors and users can now invest in the listed companies without having to pay additional fees. 

Traders do not have to make use of a traditional brokerage to do so subsequently. The stocks that are tokenized are the latest in the cryptocurrency market. They are a sign of things to come. These stocks are traditional securities, in which public shares from the companies get traded using a regulated exchange. 

It was not provided earlier to users and traders. Thanks to the developments in representing values on the digital token, these steps were possible. Kryptodragon7, a crypto enthusiast and an investor, had this to tweet on the development. 

https://twitter.com/kryptodragon7/status/1336228498600583168?s=20  

Tom Albright, CEO of Bittrex, said that the technology used in the blockchain world is immensely capable of providing what the financial sector wants. Bittrex Global wants to perform their duties fully to ensure that traders get their fair share. 

They are able to make capital and garner wealth possible easily. According to the statement of the company, 12 running shares will now be listed on Bittrex, that include Tesla, Google, SPY, and Facebook. 

The exchange-traded fund consists of some of the top companies operating in America. Hence, users can purchase shares using US dollars, Bitcoin, and Tether. They will be provided shares round the clock.

Besides, users can purchase a fraction of a cryptocurrency. Traders can buy $10 shares as tokenized stock. However, if market liquidity occurs, where sellers and buyers can trade the asset at a specific time could vary on the time of the trading day. 

Bittrex claims that they plan to increase tokenized offerings and financial products like indices, ETFs, and asset classes, in the near future. This step has been a long time due to the crypto market. 

People familiar with the matter said that it was only a matter of time before exchanges issued famous companies’ tokens. This ensures that traders who invest can earn more cash through it. 

Bittrex now joins crypto exchanges Bitfinex and FTX, who started their own tokenized stocks earlier in 2020.

Exclusive: ABCC Exchange is Launching Its App This Week

The Singaporean exchange has recently issued its ABCC Token (AT), and it’s now getting ready to launch its smartphone app. I spent some time playing with the test app, and I can say I was pleasantly surprised.

ABCC Exchange is a relatively new player on the field; however, three key investors in Asia are backing it — Funcity Capital, Dream Seeker Capital, and BlockOrigin. They even got the Former Minister of Foreign Affairs of Malta on their advisory board — impressive.

ABBC’s App Gives You a Minimalist and Smooth Experience

Its token has also observed a steady growth in value — the price went up from $0.5 to $1.2 in less than a week and is trading at the time of writing at $2. These are all impressive feats for such a young cryptocurrency exchange.

Nonetheless, my expectations regarding the app were pretty low — either because test versions tend to bug a lot, or only because I didn’t expect it to excel at features more prominent exchanges have struggled with.

The app looks beautiful from the moment you start it. It welcomes you with a nice-looking animation which transitions smoothly to its clean and straightforward interface.

(Click the pictures for larger resolution.)

  

 

Tap on ‘Gainers’ or ‘Losers’ For Instant Access to The Biggest Changes

Right on the first screen, you can see at a glance the latest announcements, and how are the most prominent cryptocurrencies faring — you’re even given a choice to sort them between ‘Gainers’ and ‘Losers.’

The rest of the tabs are what you’d expect from a cryptocurrency exchange app — Markets, Trade, and Account. The Markets tab doesn’t look much different CoinMarketCap; you can select your favorites, or sort them by BTC, ETH or USDT pairs.

The Trade tab shows you a small graph, the market trades, and order book volumes. At the bottom of it, you can either buy or sell the selected cryptocurrency.

The Account tab lets you check your funds, and AT Rewards, you can change your Authentication and Security settings, or contact Support and access the latest News.

Overall, the app has a clean, smooth feel, and helps you keep focused on your trades, rather than wander around the different coins available. If you’re one of those who prefer ‘night mode’ you will be disappointed as the app is predominantly white.