Connect with us

Crypto News

Experience the Future of Virtual Fashion at Metaverse Fashion Week 2023: Unlocking Interoperability Across Platforms

Published

on

As Metaverse Fashion Week gears up for its second strut down the virtual runway, things look a lot different than they did a year ago, when the annual gathering of virtual and physical fashion leaders first launched in Decentraland. People aren’t buying $2.43 million digital mansions like they used to, and major metaverse developers like Meta have since shed billions of dollars in thus-far fruitless quests to build digital utopias. Most jarringly, the term “metaverse” itself, just months ago the buzz of the tech and gaming worlds, has become a dirty word best avoided.

But to those who still dream of a constellation of virtual worlds teeming with life and bursting with all manner of digital wearable accessories, fear not: the march of metaverse progress pushes on. This year’s Metaverse Fashion Week, which kicks off on Tuesday, will not only boast participation from an impressive constellation of luxury brands including Dolce & Gabbana, Gucci, Balmain, Coach, and Tommy Hilfiger, as well as digital fashion mainstays like DressX and The Fabricant. It will also constitute the first major multi-platform metaverse event, one which will take place across multiple, interconnected metaverse worlds.

Events at this year’s Metaverse Fashion Week (MFW) will take place in Decentraland, as they did exclusively last year, as well as in Spatial, another metaverse platform, and via Over, an decentralized augmented reality (AR) layer that displays virtual assets on top of the real world. Though technology does not yet exist to enable true interoperability—the seamless transfer of digital wearables across different metaverses—the fact that MFW’s organizers and high-profile companies involved are even attempting to conduct a live event across multiple platforms simultaneously marks a definitive step forward for proponents of an open, decentralized, and interoperable metaverse.

One day, digital fashionistas may be able to walk from one metaverse into the next with their virtual outfits perfectly intact, as seamlessly as Bugs Bunny ran from a Dali painting into Munch’s “The Scream” in “Looney Tunes: Back in Action.” While that goal may still be far-off, technically speaking, Decentraland and its partners hope that this year’s Metaverse Fashion Week will showcase the possibilities of inter-metaverse collaboration.

Launched in December, Lighthouse aims to solve a problem that has plagued metaverse platforms since their inception: despite being touted as the future of online togetherness, many metaverse platforms tend to feel, in practice, enduringly and crushingly lonely. This year, using Lighthouse, MFW visitors will be able to see where all of their contacts are located in real time within both Decentraland and Spatial, and port to any of those locations instantly. They will also be able to organize contact information gathered from other MFW attendees via a networking feature.

The existence of such a third-party service as Lighthouse will also aid metaverse platforms by providing them with new types of metrics—such as when and where users jump from one metaverse platform to another.

Even within a year, major strides have been made in the inter-metaverse collaboration and ease of use. This year’s Metaverse Fashion Week is the first major multi-platform metaverse event, where attendees will be able to navigate through multiple metaverses seamlessly using a third-party service, Lighthouse. With the help of this event, the possibilities of inter-metaverse collaboration are being showcased in the hopes of creating an open, decentralized, and interoperable metaverse.

#MetaverseFashionWeek #Interoperability #Metaverse #VirtualFashion #DigitalFashion

You can read more about this topic here: Decrypt: Metaverse Fashion Week 2023 Goes Multi-Platform in Push for Interoperability

The post Experience the Future of Virtual Fashion at Metaverse Fashion Week 2023: Unlocking Interoperability Across Platforms first appeared on Byte Syze Crypto.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Crypto News

Investment Giant Anthony Ward Arrested in Singapore: Shocking Implications for the Financial Market

Published

on

By

Su Zhu, the founder of bankrupt crypto firm Three Arrows Capital, has officially been arrested in Singapore. Indeed, a Bloomberg report has stated that the hedge fund founder was apprehended while attempting to exit the country. The company that is tasked with liquidating the firm, Teneo, has reported receiving a committal order against the founder. Moreover, the order was issued after Zhu did not comply with the ongoing liquidation investigation. Subsequently, the report notes that Zhu has been sentenced to four months in prison.

The apprehension arrives as there have been notable sanctions placed against Zhu. Specifically, those sanctions were issued to both Zhu and his co-founder, Zach Davies, by the Monetary Authority of Singapore (MAS) this month.

The crypto hedge fund collapsed last year amid the overall market downturn. Prior to the collapse of digital assets LUNA and Terra, the firm had holdings worth more than $550 million. Subsequently, the firm suffered immense losses, leading to its own demise. Zhu has reportedly declined to cooperate with liquidators amid the investigation, leading to the order issued against him. Subseuqlety is facing four months in prison, with Davies facing a similar order against him. Currently, he has not yet been apprehended.

Su Zhu, the founder of Three Arrows Capital, has been arrested and sentenced to four months in prison in Singapore. This comes after he refused to cooperate with an ongoing liquidation investigation into the now bankrupt firm. This development is likely to affect the already struggling crypto market and could have far reaching implications. #ThreeArrowsCapital #SuZhu #CryptoMarket #MAS.

You can read more about this topic here: Watcher Guru: Three Arrows Capital Founder Arrested in Singapore

The post Investment Giant Anthony Ward Arrested in Singapore: Shocking Implications for the Financial Market first appeared on Byte Syze Crypto.

Continue Reading

Crypto News

Earn Crypto While You Train Artificial Intelligence – Decrypt

Published

on

By

Vivoka is introducing a new way to collect data for AI training, called Ta-Da, utilizing blockchain technology, allowing users to complete tasks such as reading a sentence, writing a text, or recognizing an object, and be rewarded with TADA tokens for their contributions. Ta-Da aims to address the challenges of high costs and inconsistent data quality that come with using data to train AI models. It also prioritizes user privacy, relying solely on volunteer-generated data. The main purpose of Ta-Da is to amass voice recordings in myriad languages to help fine-tune AI voice recognition systems. This new project is expected to be rolled out publicly next quarter. #AI #VoiceRecognition #DataCollection #TADA #Vivoka

You can read more about this topic here: Decrypt: Get Paid to Train AI? There’s a New Cryptocurrency for That

The post Earn Crypto While You Train Artificial Intelligence – Decrypt first appeared on Byte Syze Crypto.

Continue Reading

Crypto News

Introducing OpenTrade’s Revolutionary Tokenized Treasury Bills Powered by Circle Protocol

Published

on

By

.

Institutional DeFi player OpenTrade is launching a tokenized treasury bill product for accredited investors. The company will be utilizing Perimeter Protocol, an open-source platform developed by Circle, to expand USDC into the world of real world assets (RWA). This product will allow secured lending of USDC against treasury bills, allowing lenders to earn returns while continuing to operate entirely on-chain—using their existing wallets and custodians. Working with a network of financial institutions to power off-chain assets, this product is available to individual accredited investors, companies, funds, DAOs, regulated institutions and “third party distribution partners”. For Handler, who got involved in crypto in 2013, he sees OpenTrade offering a digital U.S. treasury bill savings account for people outside the country as a product that’s “nearly risk-free.” #DeFi #USDC #OpenTrade #TreasuryBills

You can read more about this topic here: Decrypt: OpenTrade Launches Tokenized Treasury Bills on Protocol Developed by Circle

The post Introducing OpenTrade’s Revolutionary Tokenized Treasury Bills Powered by Circle Protocol first appeared on Byte Syze Crypto.

Continue Reading

Trending

Copyright © 2023 CryptoJamie

Generated by Feedzy