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.

Read more

Meta set to begin testing NFTs on Instagram Stories with Spark AR

Instagram’s parent company, Meta, announced Wednesday that it will begin testing NFTs on Instagram Stories using its augmented reality platform Spark AR.
CEO Mark Zuckerberg said of the news, “We’re expanding our test so more creators around the world can display their NFTs on Instagram.

Read more

5 state regulators allege organization is tied to Russia, scamming users using metaverse casino

Authorities in the U.S. states of Alabama, Kentucky, New Jersey, Texas and Wisconsin have filed enforcement actions against the Flamingo Casino Club for allegedly perpetrating a scam through nonfungible tokens (NFTs) tied to a metaverse casino.

Read more

Punk6529 unveils Metaverse museum district: ‘Most high-end art NFTs ever’

Popular NFT collector “punk6529” today unveiled an ambitious open Metaverse project that is looking to attract 100 million users.
The self-funded project is dubbed “OM” and aims to be an open platform that is built and shared by the community.

Read more