Author - Kiana Griffin

Meta will open a store to showcase the metaverse

Meta will open a store to showcase the metaverse

Meta Corporation will open the first Meta Store retail store to introduce consumers to virtual reality and the metaverse. The store will showcase the company's VR headsets, Ray-Ban Stories glasses, and Portal devices. Visitors will have access to interactive demonstrations played on a massive wall-to-wall LED display. Meta Store. Data: Meta.   The company believes that physical retail stores...

OpenSea acquires NFT aggregator Gem

OpenSea acquires NFT aggregator Gem

Marketplace OpenSea announced the purchase of an aggregator of non-fungible Gem tokens. 1/ Exciting news! To invest in the "pro" community and continue improving the OpenSea experience, we’re excited to share that we’ve acquired @gemxyz ! Read more in the official announcement blog, and below 👇https://t.co/IBn38f2d3U — OpenSea (@opensea) April 25, 2022 The service allows you to purchase NFTs on...

USN Algorithmic Stablecoin Launched on Near Network

USN Algorithmic Stablecoin Launched on Near Network

The developers of Near Protocol have launched an algorithmic stablecoin USN pegged to the US dollar and backed by the native NEAR token. It will be managed by DAO Decentral Bank. Meet $USN, the first NEAR-native stablecoin by Decentral Bank! Starting today, users can mint $USN using $NEAR through the NEAR web wallet (https://t.co/Kc7Tr4M7B8). Users can also swap...

DeFi Insurance Platform Uno Re Launches Coverage Portal for Crypto Assets

DeFi Insurance Platform Uno Re Launches Coverage Portal for Crypto Assets

Uno Re, a decentralized insurance platform, has launched a coverage portal that allows DeFi users to immediately insure their crypto assets, according to a press release. The company said it was meeting the need for the DeFi space — affordable insurance amid the possibility of hacker attacks — which increased several times over the previous year...

Kraken received a license to trade cryptocurrency in Abu Dhabi

Kraken received a license to trade cryptocurrency in Abu Dhabi

With a new operating license in the United Arab Emirates, Kraken aims to provide access to global liquidity to local investors through AED trading pairs. California -based crypto exchange Kraken becomes the second virtual asset platform after Binance to receive regulatory approval to operate in Abu Dhabi's international financial center and free zone, Abu Dhabi Global...

Indian banks ask for clarity on the use of UPI for crypto assets

Indian banks ask for clarity on the use of UPI for crypto assets

Leading banks in India have asked the National Payments Corporation of India (NPCI) to issue a formal directive explaining the restrictions on money transfers using the Unified Payments Interface (UPI) for trading virtual digital assets. According to a report by the Economic Times of India, Indian banks recently received "verbal instructions" from the NPCI to block...

STEPN impersonators steal users' initial phrases

STEPN impersonators steal users’ initial phrases

Peckshield, a well-known blockchain security company, on Monday revealed the existence of numerous phishing websites for the Web3 lifestyle app STEPN. These sites insert a fake MetaMask plugin into the browser, with which they can steal seed phrases from unsuspecting STEPN users. When the cybercriminals receive the seed, they gain full control over the user's STEPN...

How Does the Metaverse Make Money With Digital Real Estate?

How Does the Metaverse Make Money With Digital Real Estate? The metaverse has made virtual real estate investment a trendy concept. You may have even seen celebrities like Snoop Dogg building their mansions in their virtual worlds. Recently, someone paid $450,000 to become Snoop's neighbor in Sandbox. But digital real estate investing isn't always so easy....