According to official sources, MUA DAO announced that the number of MUA Boarding Pass holders has exceeded 50,000 people.It is reported that Metaverse Universal Assets (MUA) is a DAO aimed at achieving true adoption of the metaverse.

China is reportedly proposing a digital ID system for users of the Metaverse and other online virtual worlds, similar to its social credit system. The proposed system would collect personal information and identifiable signs, including a person's job, to maintain order and safety in the virtual world. The digital ID would allow authorities to quickly find and punish problem users, similar to the enforcement tool of China's social credit system.

At the K-Display industry conference, LG Display CEO Jeong Ho-young stated that although the display panel market is currently difficult, there is still a direction for growth. LG Display plans to accelerate its transition to OLED and look for new opportunities in the smartphone and metaverse fields. At the same time, he also stated that the company expects OLED panel penetration in IT products to grow fivefold in the next five years, becoming the main solution for the smartphone and TV display panel markets. LG Display will announce its plans for the eighth generation OLED product later on.

MUA DAO announced that its MUABoardingPass holders have exceeded 20,000. It is reported that Metaverse Universal Assets (MUA) is a DAO aimed at achieving true adoption of the metaverse.

Security company Beosin Alert has issued a reminder that transactions on Shibarium are in a pending state. Currently, $1.7 million is locked in ETH. Users are advised to temporarily stop using Shibarium. According to previous reports, Shiba Inu developers have launched the Ethereum L2 expansion solution Shibarium main network.

On August 10th,  "Hong Kong Polytechnic University-Gaosheng Group Metaverse+ Joint Laboratory" jointly established by Hong Kong Polytechnic University and Gaosheng Group (01283) was officially launched. Gaosheng Group plans to donate 10 million yuan to PolyU in the next five years to support the development and research projects and operation of the Joint Laboratory.

The metaverse project Highstreet announced a partnership with Jay Chou's fashion brand PHANTACi. The two parties will launch a unique area called PHANTACi Peninsula in Highstreet World to provide fans with innovative interactive experiences, including unique virtual world landmarks, limited edition merchandise, and special discounts for PhantaBear holders.

Voxels, the immersive Metaverse, has launched new updates that include an AR function allowing iPhone and Vision Pro users to step into their Metaverse parcels via their mobile devices. Despite the turbulent market, the Metaverse remains a promising technological breakthrough that utilizes blockchain technology to build a decentralized ecosystem where users can truly own their personal assets.

Hurley, the popular surf fashion brand, is embracing blockchain technology and gaming by launching the NFT-powered game 'Hurley Super Surfer Game' in the Hurleyverse this Autumn. The game is set to be part of the forthcoming metaverse game, and fans can pre-book Hurley NFTs on Jump.Trade to participate.

Shara Senderoff and Aaron McDonald, the co-founders of Futurverse, a company specializing in AI and metaverse, have launched a new venture fund and studio called "Born Ready" with a $50 million investment. The fund will invest in emerging technology ventures that have collaboration potential with either Futurverse or metaverse blockchain The Root Network. Born Ready has already invested in several firms, including FCTRY Lab, Power'd Digital, Polemos, and Walker Labs. The firm plans to introduce an accelerator program soon and has previously raised $54 million in a Series A round. Meanwhile, Web3 and crypto venture capital funding have fallen 79% YoY to $779 million over 62 deals in June, with almost all of the new funding going to blockchain infrastructure projects.