A real amusement for crypto enthusiasts as NUGEN’s feature-rich metaverse and NFT platforms are now officially launched!

Singapore Dec. 2, 2022 – FNCY, the Web3 entertainment platform presented by Metaverse World, a blockchain subsidiary of Netmarble F&C, launches its own mainnet today and they are one step closer to bring the Web3 world where people can enjoy complete access to all forms of entertainment such as games, web-toons, web-novels, K-Pop, metaverse and more to come.

The web developer Mozilla, mainly known for its internet browser Firefox, has joined the rush of legacy internet platforms jumping into the Web3 and metaverse development space.

Singapore Dec. 2, 2022 – FNCY, the Web3 entertainment platform presented by Metaverse World, a blockchain subsidiary of Netmarble F&C, launches its own mainnet today and they are one step closer to bring the Web3 world where people can enjoy complete access to all forms of entertainment such as games, web-toons, web-novels, K-Pop, metaverse and more to come.

Alibaba Group’s digital technology and backbone, Alibaba Cloud, made an announcement to co-develop the technology and infrastructure platform for Web3 developers. In this venture, Alibaba Cloud is backed by PlatON and HashKey Group. The new venture aims to support Web3 developers with inclusive back-end technology infrastructures, such as multi-chain infrastructure, cloud platforms, and decentralized identity services. The exceptional tools will relieve developers from back-end maintenance tasks and allow them to focus on developing their Web3 applications in the metaverse, social media, and gaming. (cryptonewsz)

South Korea’s city gas and energy group Daesung’s venture capital subsidiary recently established a fund worth 110 billion Korean won (about US$84.5 million) for expanding investments into startups in the metaverse industry, local media outlets reported Thursday. The fund will focus its investments on startups specializing in artificial intelligence (AI), extended reality (XR), blockchain and digital twin technologies. (forkast)

The fund is yet to raise any money, though, the Animoca executive chairman said.

Utherverse, one of the largest metaverse platforms in the world, has signed a partnership agreement with Tokensoft, the leading technology platform for launching digital assets. The deal will facilitate the first and second presale rounds of Uther Coin (UTHX) as part of the token’s initial decentralized offering (IDO).

Meta Platforms Inc., Chief Executive Officer Mark Zuckerberg, said that he remains optimistic about the future of the metaverse over a “five-to-ten-year horizon” despite widespread skepticism of his company’s venture into the technology, he said during the New York Times DealBook Summit on Wednesday. Users continue to criticize the platform’s graphics and lack of inspired activities to do there. “Congratulations to Mark Zuckerberg for upgrading his Metaverse avatar from looking like a creepy PS1 era model to an Xbox360 default avatar,” wrote one Twitter user. (forkast)

Shinhan Bank, one of South Korea’s top four lenders by net profit, has opened a “metaverse” site to provide what it called financial and non-financial services, claiming to be the first bank in the country to provide such a platform, according to local media reports on Wednesday. Shinhan Bank is also an early investor in Korea Digital Asset Custody, an industry consortium that provides crypto custody services. (forkast)