Metaverse

Spotify is booming its way into the Metaverse

Spotify, the popular music streaming platform, is officially launching its virtual presence in the metaverse by partnering up with kids gaming platform Roblox. This venture of Spotify makes it the first music-streaming platform to have a presence in the metaverse. 

Spotify has marked its presence in the metaverse with ‘Spotify Island,’ an interactive world where the company plans on “creating a place where fans can link up and create new sounds together, hang out in digital spaces, and gain access to exclusive virtual merch.”

With the help of Spotify Island, the company is “creating an easy opportunity for artists to connect with fans and to partner with Spotify on the creation of in-game virtual merchandise.”

The announcement further added, “Spotify’s portion of those sales will go directly back to the artists themselves. We’ll work with artists to create more opportunities like this in the months ahead”.

Spotify is moving up!

This launch on Roblox is paired with a recruitment drive for Web 3 experts at the company. The company was also recently hiring a Senior Backend Engineer who would be responsible for driving growth using new technologies such as Web 3. According to the job ad, Spotify is searching for individuals who can “Spotify’s portion of those sales will go directly back to the artists themselves. We’ll work with artists to create more opportunities like this in the months ahead”.

Talking about the partnership, Spotify said that Roblox users would be able to “mingle with artists, complete interactive quests, and unlock exclusive content.” Moreover, the players can also create music, and explore sounds at virtual beat-maker stations that are powered by Soundtrap. 

“THIS LAUNCH JUST SCRATCHES THE SURFACE WHEN IT COMES TO WAYS USERS CAN EXPERIENCE SPOTIFY ISLAND ON ROBLOX.”

Spotify

According to the reports, Spotify’s global users grew by 2 million in Q1 2022, increasing the total number to 182 million subscribers. It would be interesting to witness the music-streaming platform’s journey into the metaverse. 

VARA, Dubai’s Virtual Assets Regulatory Authority, to open MetaHQ in The Sandbox

Dubai’s crypto regulator has announced its plan to launch a metaverse headquarters in The Sandbox as a part of Dubai’s attempt to turn itself into the virtual asset hub for the world. The announcement was made on Tuesday when the Crown Prince of Dubai and Chairman of the Dubai Executive Council, Sheikh Hamdan bin Rashid Al Maktoum said, 

“Our presence in the metaverse… marks the beginning of a new phase in the Dubai government’s march for the future; one that will have a positive impact in the long run,”

The authority has not unveiled the details about the MetaHQ or Meta headquarters and what the purpose of this development is. However, the authority, in a brief statement, mentioned that the MetaHQ will:

“serve as its primary channel to engage [Virtual Asset Service Providers] across the globe to initiate applications, enable younger licensees [to] enter the metaverse, openly share knowledge and experiences with consumers and peer regulators to raise awareness, enable safe adoption, and drive global interoperability.”

About the MetaHQ

Details about the MetaHQ are still hazy, and the location of the headquarters in The Sandbox has not been revealed yet. VARA, Dubai’s Virtual Assets Regulatory Authority, was established at the beginning of March to develop an advanced legal framework and regulatory system for the operations of virtual assets in Dubai and the rest of the UAE. 

All the crypto firms that wish to operate in UAE must obtain a crypto license from VARA along with establishing a business presence in-country. Moreover, VARA also regulates the activities of custodians and asset managers in the crypto space. 

This MetaHQ seems to be part of the Dubai government’s attempt to turn the city into a global hub for the digital economy and virtual assets. However, what regulations VARA will impose is still to be seen. 

Nissan and Toyota Enter The Metaverse

The metaverse has grown into a large-scale concept with more and more companies from different industry verticals looking to experiment. Recently two large automakers, Nissan Toyota, have become the latest entrees to the metaverse

This month, Japanese automakers Toyota and Nissan announced their plans to enter the metaverse and offer virtual and digital experiences to their large user base by organizing digital events and building virtual customer services. 

While these two companies are not the first in line to enter the metaverse, they are taking a unique approach and aim to innovate in the metaverse by offering immersive exhibitions of their cars with the help of Virtual Reality. To achieve this, the companies have also partnered with the video game developer VRChat. 

Nissan and Toyota Entering the Metaverse

While Nissan focuses on creating virtual reality rooms for the customers, Toyota will focus on creating remote working environments, creating offices where they can engage with their personal avatars. Following this integration, some of Toyota’s meetings will be held in a virtual space instead of a physical one. 

“As more people are working from home because of the coronavirus, we are offering young employees and others communication options within the company.”

Toyota

However, Nissan and Toyota have not yet disclosed which metaverse they will choose for integration, but it is likely they’ll go with a popular centralized metaverse such as Meta or the decentralized Decentraland. 

Companies such as Mercedes Benz and Volkswagen are few of the first companies to accommodate the metaverse, with Nissan and Toyota following suit. Regardless, this news of integrating with metaverse is a win for the blockchain community as mainstream and popular giants leading the charge will only boost the adoption of digital currencies. 

Moreover, seeing the success, more and more projects will be inclined towards entering the lucrative space of metaverse. The metaverse is expanding, and all of us are the early members of the revolution. 

Forbes Launches Virtual Billionaires NFT Collection on FTX

Recently Forbes released various lists stating the top billionaires overall and in specific industries such as cryptocurrency. However, in an interesting turn of events, Forbes recently unveiled a new NFT collection for virtual Billionaires. 

The Virtual Billionaire NFT collection is a first-of-its-kind NFT project in the media industry. It includes a set of fictional investors with a theoretical portfolio and virtual net worth based on NYSE pricing. In addition, every NFT billionaire has unique eccentric Forbes accessories with exciting hobbies that will be ranked daily on the upcoming Forbes Virtual NFT Billionaire list. 

Forbes x FTX

To turn this NFT collection into reality, Forbes partnered with the leading global cryptocurrency exchange FTX and will release an ERC-721 token on April 13. Forbes subscribers had early access to the collection and the sale, which includes the initial drop of 100 Virtual NFT billionaires. 

“With the Forbes virtual Billionaires NFT collection, we are seeing an established and reputable media company endeavor into the blockchain industry,” said Head of Strategy at FTX US, Tristan Yver. “We are excited to partner with Forbes on their first NFT sale and will continue to encourage innovation and entry into the digital asset community.”

Vadim Supitskiy, the CTO of Forbes, said,

“The launch of this collection is an important step as Forbes embraces Web3 and digital assets, and it provides an opportunity for our audience to better engage in this space too,” He added, “Last year, we turned a Forbes cover into an NFT, demonstrating that journalism is as immutable as a piece of one-of-a-kind artwork. In March, we shaped the conversation around digital assets and Web3 at our inaugural Summit. Now, we’re cementing our place in the Metaverse by launching these interactive collectibles that can be authenticated and traded on the blockchain.”

To understand more about the NFT Billionaires collection and the required steps to participate in the upcoming sale event, along with the perks afforded to Forbes subscribers, visit: Forbes Virtual NFT Billionaires.

Polygame – The future of Gaming, NFT, and Fan Tokens

There is no doubt that the NFT and gaming industry are two of the most rapidly developing avenues in the blockchain space because of their reliability and mass adoption among the massive community of gamers and creators. Among this growing craze, there has been active participation from several blockchain projects with unique utility. 

One of the projects that can potentially change the future of gaming, NFT, and fan tokens is Polygame. Polygame is a mobile game streaming, NFT, and fan token exchange provider that operates through its three pillars. 

The Immersive Polygame Ecosystem

Polygame allows gamers to create and trade NFTs and fan tokens while interacting with creators and fans in real-time. The ecosystem is fueled by the PGEM token that allows users to donate, subscribe to streams of their favorite gamers, get exclusive discounts, participate in and host tournaments, purchase in-app stickers and gifts, and get exclusive access to NFTs. 

The Polygame IDO for $PGEM is already live on DaoStarter and the whitelisting has been closed. Here are the details for the IDO. 

Sale Date – 6th – 8th April

Pool Allocation – $50,000

Currency –  $USDT

Min Investment – $100 

Max Investment – $4,000

IDO Price – $0.1

Sale Network – BSC Network

Token Network – Polygon Network

The PGEM token plays a crucial role in the development of the Polygame ecosystem and has robust utility. It helps to incentivize engagement, promote ecosystem growth and facilitate Fan Token offerings. 

Apart from the PGEM token, Polygame Ecosystem relies on these three products;

Polygame Streaming

While several phones can download pre-recorded videos, Polygame enables streaming of these videos in real-time with a twist of cryptocurrencies and NFTs. 

Fan Tokens

Fan tokens are a type of cryptocurrency that is unique to the brand, player or community and will enable community participation.

Polygame NFTs

NFTs are all the hype right now, and Polygame allows users to become a part of the NFT gaming industry with their unique NFTs. 

While Fan Tokens and Polygame NFTs will be launched soon, Polygame streaming is already live. Users can watch their favorite gamers play games such as FreeFire, PUBG Mobile, Valorant, Tactics, Teamfight, and Wild Rift in real-time. 

Polgame has been moving up the ladder and has been making several strategic partnerships with interesting projects such as 5ire Capital and SupraOracles. 

To learn more about Polygame and become a part of its growing ecosystem, visit https://polygame.io/