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Tuhu Nugraha, who works with the Indonesian government, said the country will soon conduct trials on applying blockchain technology in public service use cases. Following the launch of its government-backed crypto exchange, the Southeast Asian country of Indonesia is becoming a budding crypto hub that aims to be one of the leaders in Web3 technology, according to Indonesian blockchain and metaverse executives. At the recent Blockchain Economy Summit in Dubai, Cointelegraph spoke with Grace Sabandar, co-founder of the Indonesia Blockchain and Metaverse Center (IBMC), and Tuhu Nugraha, the principal of the Indonesia Applied Digital Economy and Regulatory Network (IADERN). The executives spoke on the state of digital assets, blockchain and metaverse adoption in Indonesia. According to Sabandar, the country’s youth comprise a large percentage of its population of 270 million, which is a demographic that is “adaptive to new technology.” The executive also pointed out that because of this, ...

The popular British pop singer Robbie Williams is scheduled to appear in the virtual city dubbed LightCycle. Williams has become the latest celebrity to join the metaverse hype train via LightCycle, a virtual city built using Unreal Engine 5. According to Variety, Williams will appear on the platform alongside its launch, which is set for the fourth quarter of this year. Williams said the metaverse represents a “big new market for music discovery,” which is why he decided to join the industry of virtual reality. However, the report noted that Williams formed the partnership not directly with LightCycle, but with AI infrastructure provider Vertexlabs.uk. The financial terms of the deal were not disclosed and other details of the event are yet to be revealed. You might also like: So far, the metaverse is still missing Features that could help it compete, for instance, with video games in terms of immersiveness. Although virtual reality-focused startups have al...

The fervor around non-fungible tokens [NFT] has been raging since 2021. While some continue to embrace this trend, a few others seem to have gotten past it. Prominent firms, however, have continued exploring the NFT space. Disney NFTs are likely to expand their reach sooner than later. The Walt Disney Company revealed that it was looking to onboard more legal help around the same. As per a recent listing on the Disney careers website, the mass media giant intends to hire an “experienced corporate attorney.” It should be noted that this wasn’t limited to the NFT market alone. The attorney is expected to oversee “ emerging technologies ” like the metaverse . blockchain as well as decentralized finance or DeFi. JUST IN: Disney is hiring an attorney to work on blockchain, metaverse, DeFi, & #NFT products. — Watcher.Guru (@WatcherGuru) September 26, 2022 Elaborating on the responsibilities that come with the job, the Walt Disney Compan...

Once the acquisition is completed, the company said that Beeple will be hired as an advisor for Yuga Labs. Yuga Labs, creators of Bored Ape Yacht Club (BAYC), has acquired 10KTF — the nonfungible token (NFT) game founded by digital artist Michael Winkelmann, also known as Beeple. 10KTF is a browser-based NFT game that allows players to outfit heroes with crafted items and load-outs in order to complete missions. Missions reward players with APE coins, badges, materials and free airdrops. The game also intends to include many items that could be worn by an avatar in the future; pairs of socks and backpacks are popular items from the game’s collection. Until now, fans have been left to wonder what Metaverse platform will feature these items. Now that the acquisition has been announced, some fans have begun to speculate that 10KTF items may become wearable within Yuga Labs’ as-yet-unreleased Otherside metaverse ecosystem. A thread published on the 10KTF official Twitter channel on Nov. ...

The experience is designed for everyone, but Puma Pass holders gain access to exclusive perks. On June 13, German footwear conglomerate Puma launched its 3D metaverse experience , Black Station. As told by developers, Black Station is an “experiential home” for product drops built to provide “unbridled access” for Puma Pass nonfungible token (NFT) holders. The firm says that the experience is for everyone to explore, but only those possessing RB tokens airdropped to Puma Pass holders can purchase a digital "Rulebreaker” sneaker and claim two digital wearables. At the time of publication, RB tokens currently have a price tag of 0.0125 Ether (ETH). Developers wrote: “If you do not own an RB token there is still so much to explore. Unkai, our city in the clouds, and Unter, our exhilarating club below, both are filled with mysteries to explore and collect." Holders of the RB token can burn it from June 13-20 on Black Station, granting their parent wallet access to various pro...

The community has eagerly been waiting for Shiba Inu’s Metaverse to launch. As reported recently, the Metaverse has undergone a significant alteration to give consumers a more life-like experience. In fact, the team has also modified its previous development and has been creating new hubs from this new foundation. Watcher Guru reached out to Marcie Jastrow , Shiba Inu’s Metaverse Advisor, to get the latest updates about the development progress. Shedding light on what the team is building, she said via mail, “We are building use cases for multiple orgs [ organizations ] to show how blockchain/crypto/NFTs can be a game changer.” A fortnight back, Jastrow revealed that “Shib the Metaverse is the talk of Hollywood.” The assertion made by the Metaverse Advisor managed to stir elation within the Shiba Inu community. Shiba Inu’s Metaverse being discussed by Hollywood insiders underlines how the initiative has gradually started garnering mainstream attention.  Shiba Inu’s Metav...