The Metaverse Standards Forum is born. If you don't know what it is... πππ
Tezos: A veteran that keeps on renewing itself, The Sandbox is coming to the cinema from Lionsgate Studios, Bitcoin miners sold their entire May harvest, and much more...
Dear Tokener,
Hope you are well at the halfway point of the week and probably at the gates of the holidays ;-). We, well, thank you π, enjoying very much every day as observers of reality.
As observers of non-reality is the Metaverse Standards Forum... ah, you haven't found out what it is? Well, we'll tell you... ππ
The Khronos Group consortium has promoted the creation of a body or observatory, the Metaverse Standards Forum, to ensure that the construction of the Metaverse (in capital letters) is done following common standards that facilitate the integration of the different metaverses (in lower case) that are being promoted by different companies (Meta, Nvidia, Engage, Niantic, etc).
The aim is for participating companies, including Adobe, Autodesk, Epic Games, Unity, Meta, Microsoft, Nvidia, Qualcomm and Sony, to reach consensus on agreements and standards to ensure that the Metaverse will be an open and inclusive virtual space, and that there will be interoperability in projects to build it.
Khronos Group is the initiator of the OpenXR standard, so this new platform will involve the main companies and corporations involved in XR, as well as many others. The first meeting of this forum will be held in July.
We hope they will be successful... it would be the first time that such a unification has resulted in something positive. We will be π watching closely.
Meanwhile, today in Cuarenta y dos (42) we talk to you about "Tezos: A veteran that keeps renewing itself", by Jordi GuillamΓ³n from beToken Capital Research. We also tell you that The Sandbox is coming to the cinema thanks to Lionsgate Studios, that Bitcoin miners sold their entire May harvest, and much more...
Tokener, rest, relax (Ommmmm), dine, read, share and... ππ
The Sandbox Heads to the Movies with Lionsgate Studios
Ever expanding virtual playground, The Sandbox, has partnered with cinematic heavyweight, Lionsgate Studios to form the first official movie collaboration in the burgeoning virtual environment. All the while, opening up the voxelated realm to a wide portfolio of movie franchises.
Within this exciting new partnership, The Sandbox will operate alongside Lionsgate and its long-time partner, Millennium Media. The powerhouses will work together to build an exceptional homage to movie greatness. Inside which, the likes of Hellboy will rub shoulders with John Rambo in an expansive world filled with movie-themed experiences.
More β NFT Plazas
Tezos
A veteran that keeps on renewing itself
by Jordi GuillamΓ³n from beToken Capital Research
Dear Tokeners,
Today we bring you a new report on a veteran blockchain in relation to the recent reports we are doing on different blockchains dedicated to fostering constant evolution to anticipate and meet future technology needs. So today we are going to talk about Tezos (TXZ); let's take a look at it!
What is Tezos?
Tezos is a blockchain platform that integrates the development of Smart Contracts, on-chain governance functions and the ability to perform formal verification. Because of its versatility in being useful in different aspects, it is considered a multi-purpose blockchain. The developers decided to use only OCaml as programming language arguing that it offers better security features while having a more powerful interface compared to other options such as C++. OCaml also allows developers to verify transactions through a formal verification that can detect possible bugs or errors in the code.
Keep reading ππ
Bitcoin miners sold their entire May harvest: report
The cryptocurrency market entered a sell-off phase in the first week of June, seeing a market-wide route with the majority of cryptocurrencies falling to a 4-year low.
The deteriorating market conditions have also affected Bitcoin (BTC) mining profitability adversely, forcing miners to liquidate their BTC holdings.
Follow π CoinTelegraph
Major Crypto Exchanges Went Offline as Cloudflare Suffered Outage
Major Crypto Exchanges Went Offline
During the Cloudflare outage, which lasted for 25 minutes, crypto users who tried to access the websites of service providers like FTX, Bitfinex, CoinMarketCap, and OKX, were met with a β500 Internal Server Errorβ message.
Immediately after the affected exchanges noticed the issue, they informed users about it via Twitter, with OKXβs CEO, Jay Hao, asking if there is any web3 alternative to prevent such from happening in the future.
Follow β Cryptopotato
Bank of England: Survivors of Crypto Crash Could Become Dominant Market Players
BOEβs Take on Crypto Crash
Cunliffe said he expects crypto technology and finance will continue to survive in the coming months. Amidst the incessant declines, the exec highlighted that crypto and its underlying tech have significant applications and potential within the financial sector.
At the Point Zero Forum in Zurich, the Deputy Governor said,
βThe analogy for me is the dot-com boom when $5 trillion was wiped off values. A lot of companies went, but the technology didnβt go away. It came back 10 years later, and those that survived β the Amazons and the eBays β turned out to be the dominant players.
Whatever happens over the next few months to crypto-assets, I expect crypto technology and finance to continue. It has the possibility of huge efficiencies and changes in market structure.β
Read more π Cryptopotato
Chinaβs WeChat bans crypto and NFT-related accounts
The top social media platform in China, WeChat, has updated its policies to ban accounts that provide access to crypto or nonfungible token- (NFT)-related services.Β
Under the new guidelines, accounts involved with the issuance, trading, and financing of crypto and NFTs will be either restricted or banned and will fall under the βillegal businessβ category.
More β CoinTelegraph
Web3 β Interconnected community tokens
While tokens should not be the first thing on your mind when kicking off a web3 community, eventually they will need to become the fuel to keep the community engine going. Tokens drive the incentives for community members and stakeholders to participate and contribute in co-creating value. Designed properly, tokens not only coordinate the actors in a given network, but also represent the ownership of scarce community resources and a stake in its overall value potential. As such, they represent a unit of value and a medium of exchange to power a communityβs micro-economy and enable the distribution of ownership across all ecosystem participants. In other words, they serve both as a means to drive value creation as well as a way to capture and distribute value.
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