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  • Meta shipments are cut by 3 million units, is the Metaverse about to hit the ceiling?

    Meta shivered, causing a huge earthquake in the domestic Metaverse circuit. On June 22, Ming-Chi Kuo, a well-known technology analyst at Tianfeng International, posted on Twitter that the Meta Metaverse intelligent hardware business has a downward trend. Meta has cut 2022 Oculus series headset shipments by 40%, down from an original forecast of 10-11 million units to 7-8 million units. In addition, Meta has also suspended all new XR headset hardware projects beyond 2024. Later, Ming-Chi Kuo posted again that shipment forecasts are based on investigations and judgments, not official…

    2022-06-23 Metaverse & NFT News
  • XR creation platform “Qile Wuji” received nearly 100 million yuan in Series A financing, which will promote the construction of the Metaverse ecosystem

    XR virtual creation platform company Qi Le Infinite announced the completion of nearly 100 million yuan in Series A financing. This round of financing was led by AVIC Trust, with Lakala and Blue Cursor following. This round of financing will be used for the research and development of the domestic independent XR virtual creation platform, which will promote the joint research and development of multiple parties, promote the application expansion and commercialization of XR creation in key industries, and help the construction of the Metaverse ecosystem. Qi Le Infinite is…

  • Powell Hearing: Put on the hawk’s vest again, stressing that private stablecoins cannot become digital dollars

    On Thursday, local time, Federal Reserve Chairman Powell went to the House of Representatives to provide testimony to the Financial Services Committee. Similar to yesterday, a series of speeches by the Fed chairman remained focused on the possible risks facing the U.S. economy next. The first and most noteworthy is that after yesterday’s hearing, multiple media reports said that Powell did not appear the word “unconditional” in the wording of his pledge to control inflation, which may indicate that the Fed is not as hawkish as the outside world feared. Powell, who…

    2022-06-23
  • Bankless: 3 red flags for those ‘NGMI’ projects in a bear market

    Smart investors know when to hold on, when to move forward, and when to sneak out the back door.To get the most out of this market, you have to survive in order to thrive.And survival isn’t always about who has the flashiest tech or the highest TVL. It tends to relate to factors such as tokenology, governance, finance, leadership, and community.Today, Bankless analyst Ben Giove laid out red flags for trouble-prone crypto projects in this bear market.There is an alpha that makes you money, and an alpha that makes you lose…

    2022-06-23 News
  • After Bitcoin plummeted 70%, the first short-selling ETF in the United States came out, and the crypto winter is not over yet?

    Bears who think the cryptocurrency crash isn’t over yet have a new tool to bet on Bitcoin’s fall. Financial institution ProShares on Tuesday launched a short bitcoin strategy ETF (symbol BITI), the first bitcoin-pegged inverse ETF in the United States. Bears who think the cryptocurrency crash isn’t over has got a new tool to bet on Bitcoin’s fall.Financial institution ProShares on Tuesday launched a short bitcoin strategy ETF (symbol BITI), the first bitcoin-pegged inverse ETF in the United States. By inversely tracking the performance of the bitcoin futures index, the ETF hopes…

    News 2022-06-23
  • From the stETH discount: stETH pricing, liquidity and risk

    Recently, rumors of the insolvency of the well-known lending platform Celsius have been rampant, and Celsius and other large institutions in crisis have sold assets to raise funds, triggering a decoupling of stETH prices. At present, the exchange rate between stETH and ETH on Curve is roughly maintained at around 0.937. The decoupling of stETH from the price of ETH has caused panic in the market. Some people worry that stETH will follow the footsteps of UST, and the price will fall into a death spiral. So, what exactly is Celsius’ massive…

    2022-06-23 Ethereum News
  • 20 provinces and cities announced the Metaverse Roadmap to usher in new opportunities for development

    According to the “China Metaverse Industry Market Prospects and Investment Opportunities Research Report” released by the China Business Industry Research Institute, during the “14th Five-Year Plan” period, strategic emerging industries must be developed, and the national level will attach importance to artificial intelligence, virtual reality, mobile Internet, and the Internet of Things. , the development of industries such as blockchain, the national level and the “14th Five-Year Plan” outlines of various provinces and cities have mentioned related industries many times, which has promoted the development of Metaverse related industries. With…

  • Do Kwon speaks again: There is a difference between failure and fraud, confident in new Terra

    Do Kwon used his rabid Twitter following to build a cryptocurrency empire that collapsed in the $40 billion crash last month. Despite investor anger, government investigations and a slump in the crypto market, the South Korean entrepreneur is now trying to make a comeback. “I have full confidence in our ability to rebuild stronger than before,” Do Kwon told The Wall Street Journal. Do Kwon supports the launch of a new version of Terra, the blockchain network behind the failed UST and Luna. UST is a so-called stablecoin designed to maintain its value…

    News 2022-06-23
  • Bankless: Top 10 Browser Wallet Ranking WalletConnect Highest Score

    Many of us remember the days when crypto wallets didn’t have many options. Now, we have a lot of options! Below is an analysis and review of 10 browser-based crypto wallets by William M. Peaster, Bankless professional writer and creator of Metaversal, to explore whether Metamask has lost its dominance of browser wallets? Top 10 Browser Wallets First things first: Browser wallets are encrypted wallets used through a web browser. For most people, the first thing that comes to mind when they see the word “browser wallet” is a browser extension…

    2022-06-23 News
  • Tonight Shen Nanpeng chatted with Dalio for an hour

    The edited transcript of the conversation is here. Tonight (June 23), Bridgewater founder Rui Dalio and Sequoia Global Managing Partner Shen Nanpeng had an online conversation on Douyin at the invitation of CITIC Publishing Group. These two investors with world-class influence are also participants who have successfully passed through several economic cycles. In this one-hour conversation, Shen Nanpeng and Rui Dalio started from the latter’s new work “Principles: Responding to a Changing World Order”, discussing the historical cycle, current situation, investment trends, technology entrepreneurship and Topics such as the Chinese market…

    2022-06-23 News
  • The top 200 are released, who is the potential king of the Metaverse?

    Although there are still many differences in the industry’s views on the Metaverse, and there are both bullish and bearish, but the giants have already ended one by one, everything is calm above the water, and the waves are already turbulent below the surface. Currently, the Hurun Research Institute has released the “2022 Hurun China Metaverse Potential Enterprise List”, which lists the top 200 Chinese companies with the most development potential in the Metaverse field. Among them, listed companies accounted for 90%.Among the top 200 shortlisted companies, there are more…

    2022-06-23
  • Liu Genghong burst the Metaverse bubble?

    Speaking of the rising new top players during the epidemic, Liu Genghong said that the second fear is that no one dares to be the first. This 50-year-old Taiwanese singer has become popular all over the Internet with a song “Compendium of Materia Medica”, and his Douyin has gained 50 million followers in just one month. Up to now, the number of Douyin fans has reached the 70 million mark, and more than 100 million viewers have set a record for Douyin live broadcast in 2022. With the growing number…

    2022-06-23
  • Metaverse version of “Avengers” online? Meta teams up with Huawei and Microsoft, Apple and Google are suspected of becoming “big villains”

    The Metaverse, which has been quiet recently, has started to work on it again. According to the latest news from TechCrunch, a foreign technology media, a number of technology companies, including Meta, Microsoft and Nvidia, jointly announced the establishment of the first “Metaverse Standards Forum” on June 21, local time. Metaverse International Standards Consortium. The alliance has a wide range of members, including many of the largest technology companies from chip manufacturers to game companies, as well as many standards-setting organizations like W3C. Figure | Screenshot of the official website…

    2022-06-23 Metaverse & NFT News
  • Multicoin Capital: Community ownership of NFT trading market is unstoppable

    Why is the user experience of OpenSea and Magic Eden basically the same (the home page is the discovery page, the collection page has a concise linear index bar on the left, the same search display, etc.)? Or, to put it another way, why doesn’t the homepage of OpenSea or Magic Eden have event feeds (like Fractal or Hawku), live feeds (like Twitch), or NFT-related tournament results, etc.? The answer is that the historical path determines. OpenSea was founded in 2018 when there were only a few NFT series such…

  • ZORA: NFT Market Protocol

    ZORA is a decentralized protocol where anyone can buy and sell NFTs permissionlessly. ZORA has created a series of tools that make it easy for developers to start building. All ZORA repositories are open source, licensed under the MIT license or the GPL-3.0 license. It is mainly represented by the ZORA stack, including smart contracts, ZDK, API, NFT Hooks, and NFT rendering. smart combination ZORA V3 consists of several core contracts and an ever-expanding set of modules. Modules are non-upgradable contracts that add specific functionality to the protocol. Modules: Contracts with specific functionality…

  • Bankless: A quick look at the pros and cons of the top 10 browser wallets

    WalletConnect is the best product overall, followed by MetaMask. First things first: Browser wallets are crypto wallets designed to be used through a web browser. For most of us, when we see “browser wallets” we think of browser extension projects like MetaMask that people can download directly into browsers like Chrome, Brave, etc. But there are many more projects. In addition to wallet extensions, there are various browser-centric services that fall under the category of “browser wallets”. So, which one provides the most value? To answer this question, I reviewed 10 different…

    2022-06-23 News
  • An overview of the Web3 decentralized storage ecosystem

    If we want to go further in the decentralized internet, we will ultimately need these three pillars: consensus, storage, and computation. If humanity succeeds in decentralizing these three domains, we will embark on the next stage of the Internet’s journey: Web3. Figure 1: Examples of projects for each Web3 pillar Storage, as the second pillar, is maturing rapidly, and various storage solutions have been applied to usage scenarios. In this article, the pillar of decentralized storage will be explored further. This article is a summary of the full length, which…

    2022-06-23 News
  • NFT regulatory points and overseas policies

    Currently, NFTs (non-fungible tokens) are still in their infancy in terms of regulation. As a product of the application of new technologies such as blockchain, NFT is difficult to characterize and supervise under the existing legal framework. Instead, it has properties that are partly related to a variety of products, including artworks, commodities, financial products, and cryptocurrencies, which pose regulatory challenges.Regulation is not late, just not yet. With the growing market of NFTs and the emergence of related NFT cases, several major directions of NFT supervision have emerged. In addition,…

  • Analyze the visual evolution of on-chain data from ADAM

    The essence of blockchain technology is to turn data into objective facts and code into a system. Open and transparent on-chain data and self-executing smart contracts are valuable assets brought by the development of the industry. The blockchain exposes all on-chain behaviors to the sun, and whether it can be properly utilized will be a major topic for the development of the industry. In fact, there are many ways to process the data on the chain itself, such as off-chain exchange and on-chain smart contracts to exchange data. Essentially, any data between public…

    News 2022-06-23
  • Small talk: what the hell happened to 3AC?

    Last week, the collapse of Three Arrows Capital, a fund that once had more than $10 billion in assets under management, is now a debtor. How did this all happen? Will this spill over to other crypto funds and companies? What does this mean for the future of cryptocurrencies? Let’s take a look today. What is 3AC? Before diving into what’s going on, we need to understand the fund’s background. 3AC was founded in 2012 by Su Zuhou and Carl Davis. They started 3AC with $1.2 million in capital, and their first…

    News 2022-06-23