 The New York Stock Exchange (NYSE) filed a patent that hints that it is moving toward the metaverse, NFTs, and the Crypto space. The application suggests that NYSE may build a VR/AR-focused marketplace that would allow users to trade virtual goods such as NFTs, digital media, and more. More: - If the NYSE develops a marketplace that supports cryptocurrencies and NFTs, it would be a direct competitor to the largest trading platform, OpenSea.
- There are no immediate plans to launch crypto and NFT trading, but the trademark looks like a promising step forward for future development.
- The application also suggests a move toward the metaverse as users in the future could access the virtual platform using AR/VR devices.
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 Snoop Dogg, the award-winning rapper turned crypto entrepreneur, plans to make Death Row Records an NFT and metaverse music label. The rapper acquired Death Row Records, which was founded by Dr. Dre and Marion "Suge" Knight and helped Snoop launch his hip hop career back in the 1990s. More: - Music and virtual concerts are becoming increasingly popular among fans and artists.
- Snoop confirmed on the Clubhouse app that he wants to put artists out "through the metaverse."
- He said: "Just like we broke the industry when we was the first independent to be major, I want to be the first major in the metaverse."
- Snoop Dogg is one of the many celebrities that are leading the way into crypto/NFTs and the metaverse. Just last year, he debuted his first NFT collection on crypto.com. He explained that the "music industry will always be changing."
- Snoopverse was also launched on The Sandbox platform for virtual concerts and entertainment.
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Decentraland's crypto token jumped over 8% as J.P. Morgan launched a lounge in the platform, calling the metaverse a trillion-dollar opportunity. More: - The report, "Opportunities in the Metaverse," states that the metaverse "will likely infiltrate every sector in some way in the coming years, with the market opportunity estimated at over $1T in yearly revenues."
- Brands like Nike, Walmart, and Adidas entered the metaverse race, which has led other retailers and brands to reconsider their business strategy for the virtual worlds.
- The bank is focusing on its own role in the metaverse and states that its "core competencies in crossborder payments, foreign exchange, financial assets creation, trading and safekeeping" will enable it to play a role in the future metaverse platform.
- Other metaverse linked tokens such as Axie Infinity (+7.8%) and Enjin Coin (+4.5%) also rose.
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 The metaverse, often described as the "next internet," will be built on AR, AI, decentralization, and real-time activity. There is a lot of hype around the metaverse, and there are unaddressed legal challenges surrounding this concept, which could give rise to avatar lawyers in the coming years. More: - The metaverse will come with a list of legal implications in the coming years:
- Bad actors in the virtual worlds can get involved with cyberstalking, cyberbullying, extortion, kidnapping, revenge porn, child pornography, and even simulated terrorist activities.
- Avatar lawyers are separate from digital twins that will be purely AI-driven digital lawyers in the virtual worlds.
- A New Jersey-based law firm called Grungo Colarulo has already established its office in the metaverse.
- Intellectual property is an upcoming challenge, as issues surrounding patent protection, privacy, and ownership will add to the complexity of legal battles.
- Security, privacy, and compliance in the metaverse will be a major change from Web 2.0 and earlier with all the machine-generated content.
- Antitrust includes the involvement of large companies with extended corporation practices. Examples include Facebook's Meta or Microsoft's metaverse, which could lead to some type of collaboration between these companies, leading to antitrust concerns.
- Metaverse forensics — the software that exists on the market has not adopted the current metaverse trends. In the coming years, there will be a need for the adoption of new processes.
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Simula One, the Linux standalone headsets priced at $2,699, will be shipping this year in Q4. The VR headsets will use an Intel i7 chip, the most powerful chip available in any headset today, and is intended for high-end laptops. More: - The Qualcomm Snapdragon chips that are commonly used in most headsets use ARM architecture, which is more energy-efficient than the Intel i7 but less powerful and can't run PC applications.
- Simula One is not competing with Meta's Quest but aims to improve the overall user experience.
- Simula One is also preloaded with SimulaOS, an open-source Linux distribution, which means that the headsets will also run on desktops and is an alternative to running on a laptop.
- The operating system will allow users to choose between a virtual environment in conjunction with your physical environment via a high-resolution camera.
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 Sokin, a payments provider, unveiled a 60-second video of its "metaverse community," which is designed to process e-commerce payments in the virtual world. It is becoming evident that brands and big retailers are starting to experiment with virtual reality concepts and are open to the idea of the metaverse. More: - The video highlighted a "virtual store" featuring the company's partners such as AS Monaco Football Club and displaying virtual clothing and physical goods.
- Vroon Modgill, founder and CEO at Sokin, said: "We've seen campaigns by retailers in which an avatar models an item of clothing, but then the experience abruptly stops there."
- Brands like Gucci have entered the metaverse, and last year Gucci opened the "Gucci Garden" in Roblox and sold a virtual bag for $4,000, higher than the price of the same physical bag.
- High street retailer PrettyLIttleThing also launched its first virtual model to showcase the latest fashion trends and styles.
- Sokin aims to offer a payment solution in the metaverse for big retailers and is exploring ideas similar to the likes of the Apple Store, etc.
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- A closer look at the development of virtual reality avatars.
- Golden State Warriors President and COO Brandon Schneider discusses the outlook of VR and the metaverse.
- Some thought leaders and philosophers believe that we are already living in the "metaverse." The simulation theory is back in the consciousness of many theorists.
- If you are looking for a great workout, then you might want to turn to VR headsets for a fun and high-energy cardio workout.
- The University of Florida has joined a National Humanities Center initiative to create college-level courses on ethical and equitable AI.
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 |  | Gia Mattu is based in Calgary, Alberta. She is an entrepreneur with experience in climate technology, drones, AI, machine learning, and blockchain technology. When she's not working, she loves to hike the Canadian Rockies, try new cuisine, and travel. | | | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 Ford. | |
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