ProShares announced that the firm's Metaverse ETF has begun trading on the NYSE Arca and carries an expense ratio of 58 basis points. The asset manager launched the first bitcoin futures ETF in the USA and is a direct competitor of the Roundhill Investments Metaverse ETF (METV). More: - ProShares debuted its Bitcoin Strategy ETF (BITO) in Oct. 2021 and first announced that it is looking to enter the metaverse ecosystem.
- The ETF tracks the Metaverse Theme Index, which has 40 companies and includes device markers, data processors, gaming platforms, and more.
- ProShares managed $60B in assets and gathered about $1B in its first day of trading.
- Competitor Roundhill Investment ETF, which launched last year, has grown to $726M in assets and has returned -30% year to date, according to FactSet data.
- The firm is bullish on the idea of the metaverse. ProShares CEO Michael Sapir says: "The metaverse may be as impactful on society as the arrival of the internet or the mobile phone, and the investment opportunity has the potential to be just as compelling."
Blockworks 
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ApeCoin, a metaverse-centric coin launched by Yoga Labs, lost half its value in 30 minutes. Yuga Labs is building a metaverse ecosystem centred around the Bored Ape Yacht Club NFT collection. The company listed its token on CoinMarketCap, but within 30 minutes, the value dropped from $20 to under $10 with a 24-hour trading volume of $570M. More: - The developers of ApeCoin want the token to be viewed as the "token for the Web3 economy" governed by the APE foundation.
- Holders of the platform DAO, which is open to all ApeCoin holders, will enable investors to participate in decisions relating to the project's Ecosystem Fund allocations, partnerships, governance rules, and more.
- Although the token value decreased, ApeCoin's valuation still remains high at $2.5B with a fully diluted valuation of $9B.
- Some of the tokens were distributed to BAYC NFT holders.
- One reason that the price dropped could be due to NFT holders who got as many as 10,000 tokens and immediately dumped them to take the money. Even at a $10 price, 10,000 tokens is a cool $100,000.
The VR Soldier
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 Eikonikos, a metaverse startup, raised $2M led by angel investors. The company is developing a VR enterprise platform for training simulations, remote technical assistance, and immersive video chat. More: - The startup is officially launching in May 2022 and envisions an open metaverse platform.
- Nearly a dozen of blockchain investors participated in the round.
- The fresh funds will be used to make Web3.0 more accessible as the company hopes that this arena will eventually revolutionize gaming, education, and business.
- “We believe we are unique, and we have already begun to demonstrate that through our execution — the quality of our design, experience, platform design, and so on,” said Mohamed Vasif, Founder and CEO of Eikonikos.
Wamda
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Artificial touch helps create realistic virtual reality experiences. Jasmine Lu at the University of Chicago is leading new technology, dubbed chemical haptics development, that can induce sensations in virtual environments.
More: - The chemical haptics comes with a wearable device that will enable users to experience a variety of sensations in the metaverse, including hot, cold, and numbness.
- The technology is ideal for training firefighters and gamers who want a more on-demand immersive experience in virtual worlds.
- Researchers are testing with chemicals like menthol and capsaicin to simulate these realistic VR experiences.
New Scientist
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 Radio Caca welcomes French Montana, a popular Moroccan-American rapper, as a first resident within its metaverse platform. The rapper has over 1.365 billion views on YouTube and will be representing the project during the Miami NFT week on April 1-3. More: - French Montana will kick off a Happy Hour event at 5 p.m. ET and meet with fellow NFT enthusiasts.
- RCA is also launching French Montana NFT passes that enable the holder of the NFT to display and host in the gallery for a year.
- Radio Caca is a Web3.0 infrastructure solutions provider with a strong community and is a member of Maye Musk's (Elon Musk's mother) NFT drop. The company has over 500,000 Twitter followers and 68,000 discord members.
Global News Wire
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Virtual reality has multiple applications in the healthcare sector. For patients who have Alzheimer's, virtual reality can offer a means to tackle loneliness and prevent or treat the disease. More: - There are two key factors that are linked to Alzheimer's: loneliness and isolation.
- Virtual reality can help combat both by triggering old memories and also bringing about certain sensations through the use of haptics.
- Researchers at the University of Kent in the U.K. concluded that virtual reality could help ease symptoms of dementia, which includes loss of memory, language, and reasoning skills.
- Allison Sekuler, vice president of research at Baycrest Health Sciences, explained that VR cannot cure certain ailments relating to dementia, but it can definitely slow its progression.
- "It's not just making people happy and less lonely," she said, adding, "It's actually helping the brain."
Business Insider
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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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