Tag: metaverse

Has the Metaverse Failed?

Metaverse promised a virtual realm where we could work, play, and socialize in previously unimaginable ways The virtual realm has challenges forcing tech...

Horizon Worlds: Mark Zuckerberg drives investors to a $34 billion financial sinkhole

Meta’s Reality Labs vision, the company’s virtual technology and initiatives, lost US$21.5 billion in the last eighteen months, cumulating to US$34 billion. Only...

Top Metaverse real estate platforms to purchase virtual land

Somnium Space is a top Metaverse platform built on the backs of top crypto platforms, Solana and Ethereum. Next Earth is a...

How the metaverse and NFTs could boost Africa’s economic growth

The metaverse evolution supports outstanding creativity and opens new prospects for businesses, brands, and the community. In Africa, vibrant tech start-up environments are already propelling job creation and economic progress. In the future, they will contribute to shaping and inventing technologies that will revolutionise how people live and work and influence the common digital future.

UK Intellectual Property Office clarifies on legal framework governing NFT registration

The UK Intellectual Property Office (IPO) has issued a Public Advisory Notice (PAN) to clarify acceptable terms and classifications for NFTs. As NFTs...

Examining the progress of the African Metaverse

The African Metaverse has the potential to foster cross-cultural understanding and collaboration. By bringing people from different parts of Africa together in a shared virtual space, the Metaverse can help to break down barriers and build bridges between different communities and cultures. Essentially, the African Metaverse is a new frontier for digital innovation, potentially transforming many aspects of society. The African Metaverse can shape the continent’s future by democratizing access to digital content and services, creating new economic opportunities, and fostering cross-cultural understanding.

Virtual tourism: The power the Metaverse has in Africa’s tourism industry

The United Nations Conference on Trade and Development stated that Africa had lost at least $170 billion in tourism revenue as of 2021. ...

Africarare provides access to affordable water to the continent

Africa's first metaverse has partnered with Innovation: Africa to bring clean drinking water to communities across the continent Over 418 million people in...

Metaverse in Healthcare: Redefining Africa’s medical sector

According to Accenture's digital health technology Vision 2022, nearly 81% of healthcare executives were on board with VR in the medical industry.  Through...

What to expect from Decentralized Finance (DeFi) in 2023

In summary, maturity and stability await DeFi in 2023, having seen a solid bullish phase and a gruelling bearish slump in 2022. Although any new technology has its ups and downs, the time is ripe for stable growth based on wisdom gained through the experiences of 2022.

The Metaverse and AI: A bread and the butter relationship

The Metaverse essentially allows individuals to choose a virtually alternate livelihood from their own. They can create "characters" or "avatars" that interact with...

Adverse effects and challenges the Metaverse brings to Africa

Africa has also made significant strides within the NFT marketplace and the Metaverse MTN, a leading telecommunication company in Africa, has acquired...

Nedbank brings Golf Challenge to the Metaverse

Nedbank, sponsors of the Nedbank Golf Challenge tournament, will extend the competition to the Africarare (Ubuntuland) metaverse Golf will not only bring the...

What is Nedbank doing in the African metaverse

Nedbank has a footprint across Africa, operating in 6 countries, including eSwatini, Namibia, Lesotho and Zimbabwe Web3africa.news holds a conversation with Stelios...

How socially antisocial can the Metaverse be

The average price of a parcel of land in major metaverse platforms has increased from US$1265 to US$12684 Ubuntuland, Africa's Metaverse, is a...

Multiparty computation is key in the advancement of Web3

MPC is a kind of super authentication in that a user will authenticate to a network using several factors (e.g., biometrics, identity, password, etc.) without any nodes in the network understanding what they are verifying since authentication computation is part of MPC. This authentication will have identity management, healthcare, finance, government services, defence, and law enforcement applications. MPC facilitates system interoperability while simultaneously protecting people’s rights and providing them with control and visibility over their data and how it is utilised. MPC stands for the future.