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Metaverse June 22, 2022

Time Magazine engages in a metaverse project

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Time Magazine has formed a partnership with The Sandbox, an Ethereum-based metaverse, in order to create a digital setting that is modeled after New York City, the city that is considered to be the biggest apple of them all.

Kieran Warwick, one of the co-founders of Illuvium, commented to The Defiant that the company’s intention to collaborate with The Sandbox as part of their “double down on their metaverse endeavor” was “great news for everybody in the field.” “The sooner we are able to achieve mass adoption, the more well-known brands we will be able to transition to web 3.”

On June 21, as part of the celebration for NFT.NYC, the collaboration was officially put into motion. As part of Time’s New Frontiers Territory (NFT) program, TIMEPieces, the region will make its premiere on a fake plot of land in The Sandbox. TIME Square is the obvious choice for the name of the new development.

TIMEPieces will be a hub for online socializing, artistic expression, and commercial activity; as such, the company has launched an open call for architectural designs to be submitted for consideration

The Sandbox is the third largest metaverse endeavor, with an estimated market worth of 1.1 billion dollars. Republic Realm, the company that developed Sandbox, broke the record for the most expensive transaction involving the purchase of digital land in November when it paid Atari $4.3 million to purchase a piece of virtual real estate.

TIMEPieces NFT holders will be given virtual access to discussions, events, and screenings of TIME Studios works, as stated by the President of Time, Keith Grossman. This will allow TIMEPieces NFT holders to partake in unique experiences, as stated by Grossman.

The news is incredibly promising for a sector that is failing with everything else in bitcoin, despite the fact that everything else is also hurting. According to CoinGecko, after reaching their all-time highs in November 2021, the majority of metaverse projects have seen a value reduction of more than ninety percent of their initial investment.

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Michelle D. Madsen graduated from the University of Westminster and has been deeply involved in the world of finance ever since. She has worked as a Broadcast Journalist hosting various news shows and informative webcasts about the financial markets. Since 2004 she has also been writing for MetaNews daily, her attention to detail, and her in-depth knowledge of the financial markets have led her to cover Foreign Exchange and commodities. The world of finance has changed in the last few years with the introduction and rising popularity of cryptocurrencies and the Metaverse. She has in no means been left behind, adding this to her bank of intellect and is now also an expert in cryptocurrencies. For the last ten years, Ms. Madsen has been engaged in the financial market. She has notedly written a great number of incredibly informative reviews for the crypto, NFT and the Metaverse. Her wealth of knowledge has enabled her to become a leading expert in the field. She continues to inform the public writing up-to-date, thorough reviews for the readers of MetaNews as she has for the last decade.

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Metaverse

Dragon Fam is an NFT project to look at

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Dragon Fam is a true community-driven initiative that focuses on an in-real-life brand, art, and utility. It consists of 6,666 baby dragons in a rainbow of colors, each with their own set of distinctive, hand-drawn characteristics. This project, which is being led by the community and the arts, is bringing together services that are useful to both adults and children.

“We not only want to be a well-known brand on Web3, but we also want to make an entrance into the IRL market. Through the development of our children’s product line, it is our intention to fulfill our purpose of spreading joy and affection to young people. Some of the initial concepts that we are considering include coloring books, toys, merchandising, and smartphone applications.”

“We place a high value on the creative process, and as such, we would like to promote emerging artists by giving them a platform on Medium, Twitch, or Discord. Our Dragon Anti Rug Squad will contribute to the creation of a more secure environment on the web3 and will assist rugged projects.”

Dragon Fam is an endeavor that is entirely community-driven. The development of an IRL brand, which will place a significant emphasis on products geared at children, is going to be one of the initial steps of the project. Donations to charitable organizations will be made using a portion of the profits that will be set aside for this purpose.

In point of fact, the community is the first priority for Dragon Fam, which is why the team began providing IRL functionality several months before the mint was ever established. Users of the official Dragon Fam Discord channel have the opportunity to win real-world currency and prizes simply by maintaining an active membership in Dragon Fam.

Dragon Coin is a proprietary money that is only valid within the confines of the Dragon Fam ecosystem, where it may be earned and spent. The value will not fluctuate at all, nor will it be available for trading on any exchanges

“The staff has put together a Dragon Coin Shop in our Discord server, which will allow you to trade in real-world prizes in exchange for your digital currency.”

“Finding projects that have the potential to become rugs is the mission of our Dragon Anti-Rug Squad, which will devote itself to making the Web3 space a safer place. Before other people spend their money into the project, we not only want to protect ourselves, but also other individuals. In addition, one of our goals is to lend a hand to hardy initiatives that have been abandoned by their founders so that the community can pick up the pieces, locate a new starting point, and begin again. When it comes to the Web3 space, we don’t want to be a part of the problem, but rather a part of the solution.”

Twitter: twitter.com/DragonFamNFT

Discord: discord.com/invite/zkGwYZynda

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CBI unveils a new metaverse platform

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The second round of the private token and NFT sale for Horyou AlphaVerse, a metaverse devoted to social good and created by game and blockchain product developer Crypto Blockchain Industries (CBI), has begun. Horyou AlphaVerse is now accepting corporate and venture capital investments following a successful pre-seed sale of more than 100 million LIGHTS tokens to a group of innovators and collaborators associated with Horyou and Horyou Foundation.

Qualified buyers may buy up to 600 million LIGHTS tokens during this private sale. Land NFTs will also be accessible. There will be 180,000 Land NFTs in the Horyou AlphaVerse, distributed among 288 districts. There are 278 nation and territory districts in addition to 10 theme districts focused on the UN 2030 Agenda. 160 to 1,800 Land NFTs are divided into streets within each district.

The founder of Horyou, Yonathan Parienti, spoke on a panel at the Metaverse, NFT, and Web 3 conference on June 7, 2022, which was sponsored by Huobi Tech and organized by the Association of Family Offices in Asia and Invest HK

Yonathan Parienti continued to discuss the vision and goals of Horyou AlphaVerse throughout the panel as well as the first components of the world’s game design, such as the regular structures, premium buildings, and the map.

Horyou and CBI are introducing a responsible strategy: “Technology with a purpose” using this platform bringing the metaverse and NFTs together to serve social good. Since 2013, Horyou and its founder, Yonathan Parienti, have advocated for these ideas. The parties hope that this initiative will assist in digitising and facilitating contributions, as well as social and societal responsibilities.

This promise is made in two ways: directly, by making each use of LIGHTS tokens traceable on the blockchain, and indirectly, by giving the Horyou Foundation LIGHTS tokens based on 0.05 percent of each use’s transactions.

The major goal of Horyou AlphaVerse is to promote quicker adoption of behaviors that support sustainability and social good in the actual world. It’s simple and enjoyable to work together, take inspiration from different cultures, exchange expertise, and share best practices in an immersive, gamified environment while also spreading awareness of innovations, impact initiatives, and charity causes.

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Metaverse

Riu Plaza Hotel opens its door in the metaverse

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RIU Hotels & Resorts wants to be a metaverse pioneer. It’s making its virtual premiere with the Riu Plaza. The first hotel to open in the metaverse, it combines reality with digital recreation in AltSpace. This renowned Madrid structure delivers an outstanding real-world experience, which can now be recreated virtually. RIU believes the metaverse will be the future foundation of brands’ and people’s digital presence.

RIU’s goals are founded on the premise that the metaverse is Web 3.0, but immersive and not merely a display

This technology must grow and become more accessible before it can establish itself and evolve like the web and social media. RIU has entered the metaverse with this concept to provide users what they want.

They can visit the lobby and admire the decoration and architectural aspects, or they can travel to the rooftop terrace and peer over the glass balcony or cross the 100-metre-high walkway. It’s all virtual, but it’s still entertaining. Users can pick up, open, and click on items to reveal surprises. Moreover, first-timers get a secret gift.

La Agencia Encubierta, a digital marketing agency and metaverse pioneer, helped RIU build this project. The recently completed Riu Plaza in Microsoft’s AltSpace boasts novel building characteristics and genuine elements that interact with guests in the digital world thanks to this agency.

“We’re pleased of this new endeavor and know it’s just the start.” Technology and creativity will help us design experiences, entertainment content, virtual events, and new business models. We’re close to letting guests book in the metaverse using voice commands. Joan Trian Riu, Corporate Executive Director of RIU Hotels & Resorts, said, “The virtual Riu Plaza is a significant asset for the RIU brand, and we’re just beginning to discover its true potential.”

This is one of La Agencia Encubierta’s best projects. Riu Plaza in AltSpace is unique in design and usability. Real visuals and digital design, plus the ability to reserve a suite, are new. We were able to reproduce an iconic Madrid building since we had access to the architectural designs and worked with a renowned AltSpace builder. La Agencia Encubierta’s CSO and CEO, José Olivares and Jurro Pizarro, are proud of the brand’s interactive presence in this phase.

The chosen solutions, such as the true views of Madrid from the Rooftop 360° patio, make this hotel a one-of-a-kind metaverse creation.

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