Day: October 18, 2023

Life Beyond developer raises $3.5m for Bitcoin-based ecosystem

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A subsidiary of Animoca Brands will build a metaverse ecosystem on Bitcoin for gaming, brands, and other in-game purchases. French game developer Darewise Entertainment, a subsidiary of Animoca Brands, has raised $3.5 million through a token presale for its upcoming Bitcoin (BTC) Ordinals-based metaverse ecosystem. In a blog post on Oct. 17, Animoca said the token will be used in multiple projects. Life Beyond is planned to be the first one using the token. The token was backed by gaming investors and web3 venture capital firms such as Gamefi Ventures,…

Bitcoin SV Up 22% – A Look At The Factors Behind The Surge

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Despite seeing a notable increase of 15.2% in value yesterday, the current price of Bitcoin SV remains steady at a little over $39 compared to the previous day. The current market situation involves a struggle with the immediate dynamic resistance level, leading to a state of uneasiness among traders. Bitcoin SV, a Bitcoin fork, is now the most profitable cryptocurrency out of the top 100 by market capitalization. The value of the world’s cryptocurrency market increased to $1.09 trillion at the time of writing, a 1.4% gain in a day.…

French Museum Louvre Collaborates with Snapchat to Unveil Immersive AR Exhibition

The AR experience is set to offer four distinct encounters within the museum, with an additional exterior courtyard experience in the iconic Cour Carrée. The Louvre Museum, one of the most famous French museums known for its treasure trove of historical artifacts, has taken a leap into the world of augmented reality (AR) with its latest exhibition, “Egypt Augmented”, a collaborative project with Snapchat, the popular multimedia messaging app. The immersive five-part AR experience aims to bring the wonders of Ancient Egypt to life through the lens of modern technology.…

Reddit to Shut Down Its Blockchain-Based Community Points System

Starting from early November, Community Points will no longer be available. It means that beta participants will no longer see their points in their Vaults, and will no longer earn points in their communities. American social news aggregation, content rating, and discussion platform Reddit has announced its decision to discontinue Community Points – a blockchain-based reward system. The company explained its decision by scalability challenges and regulatory concerns. Starting from early November, Community Points will no longer be available. It means that beta participants will no longer see their points in…

The Coca-Cola Company and Pernod Ricard Team Up to Release Ready-to-Drink Absolut & Sprite Cocktail

Select European countries, including the United Kingdom, the Netherlands, Spain, and Germany, will get a chance to try the drink as soon as early 2024. The world’s largest beverage corporation The Coca-Cola Company (NYSE: KO) and a global leader in wine and spirits Pernod Ricard have announced a partnership for the upcoming release of Absolut Vodka & Sprite – a ready-to-drink premixed cocktail. As the name suggests, the cocktail will be made with Absolut vodka – a premium vodka produced by Pernod Ricard, and Sprite – a sparkling non-alcoholic beverage owned by Coca-Cola. The…

Oracle’s NetSuite Adds AI Capabilities to Financial Software, Announces Next Technik Acquisition

The company is also working on new features that will read and analyze financial data to create summaries and reports. Business software provider NetSuite announced that it will be adding artificial intelligence (AI) features to its finance software. The AI integration will help companies by automating tasks such as writing collection letters or tracking delayed deliveries. The announcement was made at the firm’s annual conference in Las Vegas, where it was revealed that NetSuite is using its parent company Oracle’s cloud-based systems to develop the new “Text Enhance” features. Speaking…

BAYC creator Yuga Labs completes restructuring to focus on metaverse

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Yuga Labs, a company behind the major nonfungible token (NFT) project, Bored Ape Yacht Club (BAYC), has completed restructuring amid the ongoing challenges in the industry. Yuga Labs CEO Daniel Alegre took to X (formerly Twitter) on Oct. 17 to report that the company has finalized its restructuring that was announced in early October. “We now begin the task of refining the focus with our new team configurations,” Alegre said, reiterating that the company will prioritize the execution of Otherside, a gamified and interoperable metaverse project that Yuga started in…

Clients Are Talking about ‘Need for Crypto’, Says Blackrock CEO Larry Fink

Larry Fink’s comment reveals BlackRock’s strong interest in crypto following the company’s application for a spot Bitcoin ETF. The Chief Executive Officer of asset management giant BlackRock Inc (NYSE: BLK) recently said there is “the need for crypto” among the company’s many clients. Fink revealed this in a Monday interview on Fox Business. BlackRock CEO Believes Clients Need Crypto Fink spoke only a few hours after a rumor that the United States Securities and Exchange Commission (SEC) approved BlackRock Inc’s iShares spot Bitcoin Exchange Traded Fund (ETF). In response to the news,…

Singapore’s InsurTech Giant Bolttech Considers US IPO to Raise $300M

According to unconfirmed reports, Bolttech is seeking up to $300 million in funding from a possible IPO in the US. Singapore-based insurance technology company Bolttech is currently weighing the possibility of an initial public offering (IPO) in the US. According to sources, the Bolttech US IPO could fetch the firm up to $300 million. People familiar with the matter have noted that Bolttech hopes to raise at least $250 million and has already requested proposals from banks. The expected funding is based on a valuation of $1.6 billion realized from…