The Metaverse is poised to become tech’s next trillion-dollar opportunity, as an increasing number of companies are showing interest in immersive virtual spaces that will allow consumers to go beyond what’s possible in real life. This was highlighted in a recent report from CB Insights, which found that the Metaverse will disrupt at least 13 leading industries including fashion, retail, gaming, education and more. While notable, various metaverse environments are still underway. For example, tech giant Microsoft announced on May 24 the creation of an “industrial metaverse,” which will allow workers to wear augmented reality headsets to manage supply chains. …

Australia’s Swinburne University of Technology has partnered with two financial technology firms which will provide its students exposure to the financial technology and cryptocurrency business world. The partnership is between Swinburne and small business loan provider Judo Bank along with Banxa, a payment service provider with a fiat-to-crypto platform whose clients include Binance, KuCoin and hardware wallet Trezor, among others. Students of the university’s Master of Financial Technology (fintech) course will be “exposed to real life examples and cases across the spectrum of financial services,” Dimitrios Salampasis Swinburne’s director of the master of fintech told Cointelegraph. Salampasis said Judo Bank …

The Metaverse and Web3 dominated discussions on the fifth day of the ongoing World Economic Forum (WEF). The panel discussion “The Possibilities of the Metaverse” featured Philip Rosedale, co-founder of High Fidelity; Pascal Kaufmann, founder of Mindfire Foundation; Peggy Johnson, CEO of Magic Leap; Hoda AlKhzaimi, assistant research professor at New York University, Abu Dhabi; and Edward Lewin, vice president of Lego Group. The main discussion revolved around the building blocks and prospects of the Metaverse. The panelists discussed the technical aspects, security and role of human sentiments in building a sustainable, augmented reality-based digital world. Responding to a question …

The fourth day of the ongoing World Economic Forum saw major discussion around the role of women in Web3 and how the decentralized ecosystem can be a place for inclusivity. Women are investing in crypto at half the rate of men. Join us at #WEF22 to hear about solutions we can implement to get women at the forefront of this digital revolution. @KristinaLCorner @sarahendline @Billwrightv @nicolamen @srolondon https://t.co/jBbiauzSWi pic.twitter.com/xWlhqv5p5m — The Female Quotient (@femalequotient) May 25, 2022 Cointelegraph editor-in-chief Kristina Lucrezia Cornèr moderated a panel titled “Why Web3 Needs Women at the Forefront,” joined by Meta vice president Nicola Mendelsohn, …

Following the establishment of a Web3 team under Google Cloud on May 6, tech giant Alphabet’s Google is now on the lookout for a full-time candidate to lead its Global Web3 marketing strategies. As seen on the job listing, the Google Cloud division opened up a "Head of Product Marketing" role who will be tasked with raising awareness about Google Cloud’s Web3 initiatives in addition to eventually building customer demand for the related offerings. new: Google Cloud is forming a Web3 product and engineering organization that will build services for developers. new job postings have appeared on Google's internal Grow …

Although Web3 has become a sort of buzzword in the cryptocurrency community, its application and utility extend far beyond the world of blockchain, according to Polkadot (DOT) founder Gavin Wood. In an exclusive interview with Cointelegraph at the World Economic Forum’s Annual Meeting in Davos, Switzerland, Wood talked about Web3 applications and whether the all-encompassing concept needed to evolve past its current usage. “I don’t think Web3 needs to evolve, really, from its origins too much yet but maybe in the future, it will,” he said before explaining the merits of the technology: “The key takeaway is the freedom from …

It’s predicted that nonfungible tokens (NFTs) will have a vast impact on society. Given this, it shouldn’t come as a surprise that the trillion-dollar healthcare sector has begun to explore NFTs tokens to advance medicine. It’s also important to point out that blockchain technology can play an increasingly important role within the healthcare sector. This was recently highlighted in a report from the European Union Blockchain Observatory, which specifically documents how blockchain applications can solve challenges facing the healthcare industry. For example, the paper notes that patient engagement and transparency of how data is stored, along with the effective distribution …

The Ethereum Name Service is having its best month on record for new registrations, account renewals and revenue thanks to community awareness and low gas fees. Lead developer at Ethereum Name Service (ENS) Nick Johnson tweeted on Monday the metrics for the Web3 domain service through May so far. He noted that numbers were poised to shatter existing records because they were already at all-time highs, “and there’s still a week of May left.” May is now an All Time High for every single ENS metric we track - registrations, renewals, revenue (ETH & USD) and income (ETH & USD). …

Nonfungible token (NFT) marketplace OpenSea has announced the launch of a Web3 marketplace protocol for “safely and efficiently buying and selling NFTs.” In a Friday blog post, OpenSea said the marketplace protocol, dubbed Seaport, will give users the option to obtain NFTs by offering assets other than just payment tokens like Ether (ETH). According to the platform, a user “can agree to supply a number of ETH / ERC20 / ERC721 / ERC1155 items” in exchange for an NFT, implying bartering a combination of tokens as a method of payment. In addition, Seaport users can specify which criteria such as …

The metaverse is quickly becoming a reality, making its way into different aspects of our lives, including games, work and social engagements. However, at present, many look to the metaverse only as a way that we can enhance our physical reality by extending the realm of what is possible. The resulting process has been taking a concept and bringing it to design to prototype and prototype to the metaverse; this is the linear path that many real-world items travel to enter the realm of Web3. However, few overlook the reverse application. Consider that concepts from the metaverse can also be …

Analysts continue to view real estate as a secure and lucrative investment based on its history of higher returns, especially when compared to traditional stocks. In many ways, stability can be likened to the scarcity principle driving demand. But ultimately, there are only so many plots of land available in the world today unless explorers move beyond Earth’s borders. One more benefit of real estate is passive income since many real estate investors make money through rent payments that provide a steady income stream on top of the property’s value increase. Of course, leveraging a real estate asset makes the …

The war between the luxury industry and counterfeiters is a story as old as the goods themselves, with many normalizing the concept of vendors filling busy city streets with realistic-looking knock-offs and finding quality dupes online. Sadly, what few realize is the impact that counterfeiters have on the economy as a whole, a reality that has forced many companies to invest in ultra-sophisticated tech solutions such as artificial intelligence (AI) to verify the authenticity of their products. When technology hasn’t been an option, brands have looked to the government for their power to seize and destroy fake goods in an …