A ‘very ambitious’ $100M Metaverse R&D hub is being built in Melbourne

Thailand based metaverse startup Translucia Global Innovation has partnered with the Australian software development firm Two Bulls and set aside an initial budget of $100 million to build a Metaverse Research and Development Center (MRDC) in Melbourne.

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Decentraland Rides Facebook’s Metaverse Wave Targeting $5.60

Key Takeaways

Decentraland has rallied since Facebook’s rebranding announcement.
As the Big Tech giant focuses on virtual reality worlds, investors have turned bullish on MANA and other Metaverse coins.
Further buying pressure could push the asset toward a new record high of $5.56.

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Axie Infinity, Decentraland and ‘metaverse’ cryptos rally after Facebook rebrands to Meta

Facebook’s decision on Oct. 28 to rebrand itself to Meta — to indicate its plans to build an avatar-filled metaverse — helped spark a speculative rally across cryptocurrencies that belong to similar virtual world projects.

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Metaverse Tokens Are Soaring on Facebook’s Rebrand News

Key Takeaways

Facebook is now called Meta, Mark Zuckerberg announced Thursday. The Big Tech giant has rebranded to focus on the Metaverse.
Metaverse tokens like Decentraland’s MANA and Axie Infinity’s AXS have reacted positively to the news.

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Tokens.com acquire 50% stake in virtual real-estate firm Metaverse Group

Publicly-listed cryptocurrency and blockchain investment firm Tokens.com has announced a landmark agreement to acquire a 50% stake in metaverse real estate firm Metaverse Group in a deal worth in excess of $1.6 million.
Tokens.

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NFTs Are the Building Blocks of the Metaverse — Here’s How It’s Being Built

Since the onset of the dot com explosion of the mid-90s, the internet as it exists today has existed upon a centralized framework. The metaverse and NFTs are aiming to change that.
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When considering the centralized web, or Web 2.

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MetaMask Reaches 10 Million Monthly User Milestone – BeInCrypto

The popular browser-based crypto wallet MetaMask has achieved a major milestone surpassing 10 million monthly active users.
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On Aug. 31, the company behind the popular wallet, ConsenSys, reported that MetaMask has grown by more than 1,800% in a year.

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