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Animoca Brands launches Anichess, a decentralized chess game with Chess.com and Magnus Carlsen. Metacade ($MCADE) introduces a unique airdrop offering $500 tokens and governance influence. Follow a step-by-step guide for the Metacade $MCADE airdrop on DappRadar, engaging in DeFi. Hong Kong-based Web3 investor Animoca Brands has unveiled the first phase of its revolutionary decentralized chess game, Ani chess . In collaboration with Chess.com and five-time World Chess Champion Magnus Carlsen, Ani chess introduces a spellbinding strategy to the classic game. Meanwhile, Metacade ($MCADE) emerges in the metaverse crypto space, offering unique opportunities for crypto enthusiasts and gamers. Revolutionizing chess game through decentralization The decentralized chess game launched by Animoca Brands in partnership with Chess.com and Magnus Carlsen goes beyond the traditional boundaries of the classic royal game. Anichess, currently in its first phase, bring...

Meta is reportedly planning to cut staff in their Reality Labs division , a wing of the tech company focusing on the metaverse . This will be the company’s second round of layoffs since 2022. The Menlo Park-headquartered company has already notified employees about the layoffs, Reuters has learned, citing sources close to the matter. The report says the changes will affect Facebook Agile Silicon Team, a unit focused on developing custom chips for Meta’s augmented reality (AR) and virtual reality (VR) devices. Although it’s unclear how many workers are about to let go, Reuters notes the unit “has roughly 600 employees.” You might also like: Meta’s Zuckerberg reveals new photorealistic avatars for metaverse With the layoffs, Meta wants to concentrate on “less bulky AR glasses” that look more like regular glasses, one of the sources told the media. The Facebook and Instagram parent company is said to complete the first version of the...

Krafton’s Roblox-like video game is said to rely on generative artificial intelligence and be based on the game engine Unreal Engine 5. South Korea’s game developer Krafton, best known for its global mega-hit PlayerUnknown’s Battlegrounds (PUBG), is set to compete with Roblox with its new product, according to The Korea Economic Daily (KED), a business daily newspaper. As per the report, the new video game, Overdare (formerly Project Migaloo), is being developed with Naver Z, a metaverse unit of Naver Corp, a South Korean internet conglomerate. Overdare, a mobile-based user-generated content (UGC) platform, is expected to compete with The Sandbox and Roblox, popular building video games. The video game will use Unreal Engine 5 and generative artificial intelligence, although no details on the latter were provided. The report adds that Overdare allows players to customize their digital avatars and chat with friends. You might also like: The rise of b...

Sega is still reportedly licensing its lesser-known properties out for NFTs and blockchain games, but its best ones are being kept close. Sega co-COO yawns at P2E games The co-chief operating officer of Sega has called play-to-earn games “ boring ” amid the firm’s retreat from franchising some of its hottest properties to the blockchain gaming space. Bloomberg reported on July 6 that Shuji Utsumi, the co-COO of the gaming company behind Sonic The Hedgehog, said Sega would shelve plans to develop blockchain games for now. Third-party blockchain gaming projects would also not get access to Sega’s biggest franchises, with Utsumi adding: “The action in play-to-earn games is boring , what’s the point if games are no fun?” However, some of the less-known Sega titles will still get licensed for runs in nonfungible token (NFT) collections, its lesser franchises are getting blockchain games slated for announcements later this year and Sega is still pumping millions into related projects. Br...

With the rising popularity of Web3 and the metaverse, songwriters and musicians are wondering what music licensing will look like in this new space. The term “metaverse” is becoming increasingly common, but while many people have likely heard it used, they often don’t know what it means.  It can be difficult to explain the term to someone outside the Web3 space, as the metaverse is still relatively new and evolving. The most important thing to know is that it has the potential to revolutionize the internet and how people live, work and play. The metaverse is a new frontier of innovation and creativity, centered a great deal around media, which should come as no surprise since many Web2 apps are as well, especially music. There are entire social media platforms dedicated to sharing music, and those that aren’t have incorporated music in other ways. While this has increased awareness about music licensing in digital spaces, it has also highlighted that some systems in place are outdate...

The “Parisland” metaverse experience will launch in time for Valentine's Day to give budding lovebugs a space to meet, at least virtually. Swiping right in the metaverse Famous New York socialite, Paris Hilton thinks the Metaverse may be the perfect place to find one’s true love. In a Feb. 9 tweet, the celebrity and reality TV star said she will be working with The Sandbox (SAND) to bring “Parisland” to life. The idea is essentially a Virtual Reality (VR) dating experience crossed with a reality dating show and is slated for a Feb. 13 release in time for Valentine’s Day. Get ready to party on the beach, pick up cute collectibles and explore my newest tropical Parisland metaverse! I'm launching a new experience in @TheSandboxGame on February 13th https://t.co/roREhkM4LF pic.twitter.com/cdSY5OEC2o — ParisHilton (@ParisHilton) February 9, 2023 According to a Feb. 9 statement, players will participate in an “in-game dating reality show” hosted by Hilton, where they will virtua...

Join Our Telegram channel to stay up to date on breaking news coverage The euphoria surrounding the metaverse crested early last year, but if the public eventually decides to own digital property and launch enterprises on the internet, they’re going to require a platform for selling real estate designed for more than just speculative flipping. Or, to put it another way, a Redfin or Zillow for the developing metaverse . That’s what Metahood is creating, and it has secured seed money to realize this goal. The startup revealed today that it has received $3 million in a seed round, with participation from Volt Capital, Flamingo DAO, and Neon DAO, as well as cryptocurrency venture capital firm 1confirmation. The Sandbox co-founder Sébastien Borget, SuperRare co-founder John Crain, Sorare Growth Lead Brian O’Hagan, and VC and blogger/podcast host Packy McCormick all contributed to the startup’s fundraising round. The Metahood platform is intended to p...