Metaverse

The concept of luxury has been evolving for centuries, traditionally defined by tangible assets such as opulent estates, high-end fashion, and exclusive experiences. However, as we venture deeper into the 21st century, the definition of luxury is undergoing a radical transformation, driven by technological advancements and digital innovation. The metaverse—a collective virtual shared space, created by the convergence of virtually enhanced physical reality and physically persistent virtual space—emerges as the new frontier for luxury. This article explores how digital luxury is being unveiled in the metaverse, examines the intersection of opulence and virtual worlds, and navigates the future of luxury in digital spaces.

Unveiling Digital Luxury in the Metaverse Realm

In the burgeoning landscape of the metaverse, digital luxury is emerging as a key player, drawing the attention of brands and consumers alike. This virtual realm offers a dynamic platform where traditional luxury items are reimagined and redefined. Digital luxury in the metaverse is not just about replicating physical goods in a virtual space; it transcends the tangible by offering unique experiences and assets that are exclusive to the digital world. From virtual real estate to digital fashion, the metaverse provides an unparalleled canvas for luxury brands to innovate and engage with consumers in novel ways.

One of the primary drivers of digital luxury in the metaverse is the creation of virtual identities. Users in the metaverse have the freedom to express themselves through avatars, which can be customized with high-end digital fashion items and accessories. Luxury brands are seizing this opportunity by designing exclusive digital collections that cater to the desires of a new generation of consumers who value individuality and self-expression. These digital assets often come with a sense of exclusivity and scarcity, much like their physical counterparts, but with the added allure of being part of a pioneering movement in the digital world.

The allure of digital luxury extends beyond fashion, encompassing virtual real estate and art. In the metaverse, owning a piece of virtual land or a digital art piece is akin to possessing a luxury asset in the physical world. These digital commodities are often limited in supply and highly sought after, driving up their value and status. The acquisition of such digital assets is not just about ownership but also about being part of an elite community that appreciates and invests in the future of digital luxury.

Furthermore, the metaverse offers luxury brands the opportunity to create immersive experiences that are not possible in the physical world. Through virtual reality and augmented reality technologies, brands can design interactive experiences that captivate and engage consumers in ways that were previously unimaginable. These experiences often blend elements of gaming, storytelling, and social interaction, creating a new dimension of luxury that is both experiential and participatory.

As the metaverse continues to evolve, so does the concept of digital luxury. The boundary between the digital and physical worlds is becoming increasingly blurred, with luxury brands exploring innovative ways to bridge the gap. This evolution is driven by a shift in consumer preferences, with a growing demand for digital-first experiences and assets that offer both aesthetic and emotional value. In this new paradigm, luxury is no longer confined to the material but extends into the virtual, where creativity and technology converge to create a new form of opulence.

Ultimately, the unveiling of digital luxury in the metaverse is a testament to the limitless potential of technology and innovation. As brands and consumers navigate this uncharted territory, the metaverse is poised to become a central hub for luxury, offering a space where the boundaries of creativity, technology, and exclusivity are constantly pushed and redefined.

The Intersection of Opulence and Virtual Worlds

The intersection of opulence and virtual worlds represents a fascinating convergence of technology, creativity, and consumerism. In the metaverse, opulence is not merely a replication of physical luxury but a reimagining of what is possible in a digital environment. This intersection offers a unique opportunity for luxury brands to expand their reach and redefine their offerings in a way that resonates with a tech-savvy audience.

One of the most intriguing aspects of this intersection is the way luxury brands are leveraging blockchain technology to authenticate and protect digital assets. Non-fungible tokens (NFTs) have become a cornerstone of digital luxury, providing a secure and verifiable way to own and trade unique digital items. These tokens ensure that digital luxury assets retain their value and exclusivity, much like physical luxury goods. The use of NFTs in the metaverse allows for the creation of limited-edition digital products that can be bought, sold, and traded, adding a new layer of exclusivity to digital luxury.

The integration of artificial intelligence (AI) and machine learning in the metaverse further enhances the luxury experience. AI-driven personalization allows brands to tailor their offerings to individual preferences, creating bespoke digital experiences that cater to the unique tastes of each consumer. This level of customization is a hallmark of luxury in the physical world, and its translation into the digital realm underscores the potential for innovation at the intersection of opulence and virtual worlds.

Moreover, the metaverse provides a platform for collaborative creativity, where luxury brands can partner with digital artists, designers, and technologists to co-create unique virtual experiences and products. These collaborations often result in groundbreaking projects that push the boundaries of what is possible in the digital realm. By embracing the collaborative nature of the metaverse, luxury brands can create a new form of opulence that is inclusive, innovative, and forward-thinking.

The social aspect of the metaverse also plays a crucial role in the intersection of opulence and virtual worlds. In this digital space, luxury is not just about ownership but also about social interaction and community building. Virtual gatherings, events, and experiences allow consumers to connect with like-minded individuals and share their appreciation for digital luxury. This sense of community and belonging adds an emotional dimension to digital luxury, making it more than just a transactional experience.

Ultimately, the intersection of opulence and virtual worlds is a testament to the transformative power of technology and creativity. As luxury brands continue to explore and innovate in the metaverse, they are not only redefining the concept of luxury but also shaping the future of consumer experiences. This intersection represents a new frontier for luxury, where the possibilities are as limitless as the imagination.

Navigating the Future of Luxury in Digital Spaces

As we look to the future, the landscape of luxury in digital spaces is poised for significant transformation. The metaverse, with its boundless possibilities, is set to become a key arena for the luxury industry, offering new opportunities for growth, innovation, and engagement. Navigating this future requires a keen understanding of the evolving consumer landscape, technological advancements, and the changing definition of luxury.

One of the key challenges in navigating the future of luxury in digital spaces is understanding the needs and preferences of a new generation of consumers. Digital natives, who have grown up with technology and social media, are driving the demand for digital-first experiences and assets. These consumers value authenticity, personalization, and interactivity, and they seek out brands that align with their values and lifestyle. Luxury brands must adapt to these changing preferences by creating digital experiences and products that resonate with this audience.

Technological advancements will play a crucial role in shaping the future of luxury in digital spaces. As virtual reality, augmented reality, and artificial intelligence continue to evolve, they will offer new ways for luxury brands to engage with consumers and create immersive experiences. These technologies will enable brands to push the boundaries of creativity and innovation, offering consumers a level of engagement and interaction that is unparalleled in the physical world.

The future of luxury in digital spaces also hinges on the ability of brands to create value and exclusivity in a virtual environment. As the metaverse becomes more mainstream, the challenge will be to maintain the exclusivity and desirability that are hallmarks of luxury. This will require brands to continually innovate and differentiate themselves in a crowded digital marketplace. Limited-edition digital products, exclusive virtual experiences, and collaborations with digital artists and creators will be key strategies for maintaining exclusivity and creating value in the metaverse.

Sustainability and ethical considerations will also play a significant role in the future of luxury in digital spaces. As consumers become more conscious of their impact on the environment, they will seek out brands that prioritize sustainability and ethical practices. Luxury brands must address these concerns by adopting sustainable practices in the creation and distribution of digital products and experiences. This includes minimizing the environmental impact of digital assets and ensuring that ethical considerations are at the forefront of digital innovation.

In conclusion, navigating the future of luxury in digital spaces requires a forward-thinking approach that embraces innovation, creativity, and consumer-centricity. As the metaverse continues to evolve, luxury brands have the opportunity to redefine the concept of luxury and create new and exciting experiences for consumers. By staying attuned to technological advancements and consumer preferences, brands can position themselves at the forefront of this digital revolution and shape the future of luxury in a way that is both meaningful and impactful.

The exploration of digital luxury in the emerging metaverse presents a compelling narrative of transformation and innovation. As the boundaries between the physical and digital worlds continue to blur, luxury is being redefined in ways that were once unimaginable. The metaverse offers a new frontier for luxury, where creativity, technology, and consumer engagement converge to create a new form of opulence. As we navigate this uncharted territory, the future of luxury in digital spaces promises to be as dynamic and exciting as the technologies that drive it. Brands that embrace this evolution and adapt to the changing landscape will be well-positioned to thrive in this new era of digital luxury.

Meet Andee Olson, the Chief Operating Officer at Obsess

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December 17, 2024

Meet Andee Olson, the Chief Operating Officer at Obsess

As part of the second edition of our “Meet the Leadership” series, we’re excited to introduce Andee Olson, Chief Operating Officer at Obsess. We asked Andee to share highlights from her professional journey, what led her to Obsess, advice on impactful leadership, the role of gamification in commerce today and her thoughts on the future of engagement in virtual experiences. Here’s what she had to say:

Q. You’ve had an impressive career journey with roles at companies like Vogue and Bumble. Can you walk us through that path and what ultimately led you to Obsess?

AO: When I look back at my career journey, I’m reminded of a campaign we did at Bumble called “One Connection.” The whole idea behind the campaign was that it only takes one person to believe in you, see your potential, or encourage you to take a chance. This has held true for every opportunity I’ve had throughout my career.

A friend recommended me for an internship at Vogue, which ultimately turned into a full-time role. I worked there for many years and made connections that led me to every single job I’ve had since. I worked with people who later recommended me for roles at Bumble and hired me at Code and Theory, and I feel very fortunate for that.

I also worked with our current founder and CEO, Neha Singh, at Vogue, where she was leading product at the time. I was working in a more operational and strategy role, given my engineering background, and she was the one who encouraged me to explore product management. I had never heard of product management before, but it turned out I was already operating in that capacity. I took proper training and product management has been something I’ve applied in every role since. After we both left Vogue, I told Neha to keep me in mind if anything interesting came up in the future, and I always said I would follow her anywhere. And sure enough, she did! I’m so grateful that Neha was one of my “one connections”—her encouragement brought me many career opportunities and ultimately led me to where I am today.

Q. For those starting their careers and aspiring to leadership positions, what are some qualities or lessons you learned along the way?

AO: I’ve had amazing role models and mentors—people I look up to and still go to with questions. So, I definitely want to give back what I’ve been given. Everyone has a different leadership style and what I’ve found works best for me is supporting the team, leading with empathy and, of course, sometimes a dose of tough love goes a long way. I don’t ask of my team anything I wouldn’t do myself. I feel so lucky to manage such a hardworking group of people. They are driven, they are creative and they always bring their best to the table, which makes my job a lot easier. I’m able to set higher expectations because of it. The way I see my role is to support them the best I can. Ultimately, their success is my success, which is the company’s success. I’m here to be my team’s cheerleader for life—I want to be able to support them even after Obsess. I still keep in touch with so many of my previous coworkers.

For anyone aspiring to be a leader, you have to find what works for you when it comes to leadership style. A lot of the time, a leadership style may work for you, but it might not work for the people you’re managing—this is something I’ve learned along the way too. It’s about finding that balance: start with a foundation and evolve based on your team’s needs. You know, my dad has always been someone I’ve gone to for advice and looked up to for leadership guidance too. It was really interesting when, a few years ago, he came to me asking for my advice on something—tables can turn! I always tell everyone on my team that I’ll probably be working for them one day, and I believe that wholeheartedly because they’re all so smart and driven.

Q: On to your current role and the evolving virtual landscape—now, more than ever, we’re seeing the fusion of online commerce and gamification. Can you tell us more about the role Obsess is playing in this shift?

AO: Absolutely! I’m very excited about this combination, mostly because it’s something I’ve talked about since my time at Vogue and my agency days—the opportunity to mix commerce and content. There are multiple ways to shop, and no shopper fits into just one category. In fact, most fit into multiple categories. The two most common are: “utility-driven,” where a shopper knows exactly what they want to buy, and “exploratory,” where shoppers want to search, learn more and get inspired. Content helps you do exactly that.

Gamification is a continuation of this conversation. You’re adding an engagement layer on top of everything, and you’re making the exploration aspect fun. At the end of the day, shopping should be fun, right? When you’re looking for something, you want to feel inspired and you also want to enjoy the process. And while you’re doing that, you’re engaging with the brand. The more you understand what the brand is about, the more memories you’re making—and those memories will stick with you! You might not purchase at that exact moment, but you’re likely to purchase in the future because of the connection you’ve made with the brand.

When we look at our customers who have prioritized gamification in their virtual experiences, the results speak for themselves. Users are spending more time, clicking on more elements, returning more often and checking out with more products. Ultimately, you have to cater to this exploratory audience. If not, your brand will miss out on a huge opportunity. It’s the natural extension of what’s been happening for years—first with 2D content, then with Obsess’ 3D content, and now taking it one step further with gamification.

Q. On the topic of gamification, over the past year, Obsess has designed and developed branded experiences for Roblox. With physical commerce now part of the platform’s roadmap, what is your recommendation for brands?

AO: I could not recommend Roblox more for brands, especially those looking to target younger audiences. While Roblox is known as a gaming platform that appeals to young children, it’s increasingly popular with the 18-34 age group, which is what’s enticing brands. According to the latest numbers, Roblox has nearly 90 million monthly active users who are spending over two and a half hours a day on average—more than on social media platforms. So, this isn’t just an incredible audience in terms of size, but it’s also a highly engaged audience.

So if I’m a brand, I’m thinking: how do I reach this high-value audience? One way is to go to a platform where that audience already exists—and this audience definitely exists on Roblox. What’s so unique about Roblox is that you’re not only reaching this massive audience, but you can also completely customize the experience to make it truly unique to your brand. This allows you to educate consumers about your brand, showcase what you have to offer and even incorporate your brand’s core values—all through a fun and engaging experience.

Now, with the recently announced Shopify integration, brands have the ability to convert these users into paying customers. If brands aren’t paying attention to this yet, they absolutely should be, because many are—and you don’t want to be left behind with this audience. I think we’ll see a lot of brands take advantage of this partnership next year, especially since some have already started making a splash in the space. What’s exciting for us at Obsess is that we’re able to bring our learnings from virtual stores and experiences into Roblox—how to create an experience that aligns with your brand, educates and engages your consumers, and ultimately converts them into shoppers.

Q: What are some other use cases for 3D technology do you see in the next few years?

AO: There are a couple of things that I’m excited about, one being B2B solutions. I remember working on case studies in college and thinking about the area of the B2B solutions, which have traditionally been very operational and process-driven. Not a lot of technology was going into that space. In my agency job, I worked with a lot of companies to help with their B2B solutions. Now, when I think about it, there’s so much 3D technology can do for sales enablement, learning tools and more within the B2B industry. When I think about the potential, the work we could do to help businesses reach consumers, improve their processes and efficiencies and make what they do so much more scalable—and of course, engaging—is incredibly exciting.

Another area is real estate. As someone who’s always keeping an eye on real estate—constantly exploring properties I’d love to buy, and as someone who, when moving into a new home, creates old-school collages of furniture in Google Slides—I’m thrilled about the potential for immersive solutions in this industry. There are so many different aspects of real estate that could benefit from 3D solutions, from building and concepting to execution at both commercial and residential levels. Visualizing design, layouts, and materials all in 3D could completely transform the experience. I mean, the possibilities here are endless. From day one at Obsess, I’ve thought, these industries could really use a shake-up. Now, I finally feel the technology is in a place where we can truly offer something that’s both unique and beneficial to them as businesses.

Q: Lastly, where do you see immersive technology going in the next five years?

AO: When I think about how much has changed since I first started working at Obsess three and a half years ago to now—it’s been incredible and so impactful. In five years? I can’t even imagine, but there are some things I think we’ll start to see more of, and at scale.

First, immersive experiences that are personalized for you. Today, most experiences we create are driven by what the brand thinks you should be buying. What we’ll start to see more of are experiences driven by what you, as a user or shopper, want to buy. We’ve been doing this in some passive ways, but there’s so much room for evolution, and we’re actively working on it—a lot of it powered by AI.

AI, in turn, is another area that will begin to drive this industry and technology, making it more efficient and effective. I also don’t think this will necessarily take five years; we’ll start seeing this much sooner, but in five years, it will likely be happening at a much larger scale.

SuiHub Global Accelerator Announces Launch, Accepting Applications Until January 10

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December 17, 2024

SuiHub Global Accelerator Announces Launch, Accepting Applications Until January 10

by
Alisa Davidson

Published: December 17, 2024 at 12:30 pm Updated: December 17, 2024 at 2:50 pm

by Ana

Edited and fact-checked:
December 17, 2024 at 12:30 pm

In Brief

SuiHub has launched its global accelerator program in partnership with Brinc, CoinList, and Ghaf Studios, and is now accepting applications from interested participants until January 10th.

SuiHub announced the launch of its global accelerator program, in partnership with several collaborators, including Brinc, CoinList, and Ghaf Studios, which is now accepting applications from interested participants until January 10th. The program is scheduled to begin in February 2025.

Participating teams will have the opportunity to secure up to $200,000 in funding, provided on a milestone basis, in exchange for tokens and equity. They will gain direct access to the Sui Solutions Engineering team for technical support and potential co-development of their product, helping to maximize the capabilities of the Sui Network. Teams will also benefit from expert guidance on incentive design, distribution mechanisms, listing strategies, and other critical elements for building a sustainable token economy.

In addition, participating teams will be showcased to a global audience of over 10 million early adopters through the marketing channels of SuiHub’s partners. Support will also be provided in areas such as growth marketing, leveraging Key Opinion Leaders (KOLs), and developing go-to-market strategies. Teams will be able to tap into the project’s extensive network of partners to strengthen their solutions and accelerate their time to market.

As a program‘s partner, Brinc will offer comprehensive fundraising support by connecting project founders with a network of investors, as well as assisting with pitch preparation and managing investor relations. They will provide access to partners, mentors, and experts, enhancing opportunities for learning and growth. Brinc will also facilitate partnerships and business development, helping startups connect with key industry players and potential collaborators to drive their growth.

CoinList will help participating projects gain visibility by promoting them to its global audience of over 10 million early adopters through its marketing channels. At the beginning of the program, CoinList will host a workshop on token launch strategies, providing valuable industry insights. Selected projects will also receive preferred access to CoinList’s services, such as incentivized testnets, growth campaigns, and token launch and trading opportunities. CoinList will further support business development by facilitating partnerships within its broad network of partners.

Ghaf Studios will offer tailored fundraising support, connecting project founders with investors and aiding in pitch preparation and investor relations. They will also assist with developing go-to-market strategies, refining value propositions, and creating effective launch plans. Additionally, Ghaf Studios will support projects with tokenomics design, marketing strategies, partnerships, business development, and operational support.

Sui Network will provide engineering assistance and facilitate network access for participants, ensuring they have the necessary technical support to succeed.

Who Is The Program Looking For?

It is designed for startups that have a product ready to launch on the Sui network, and can benefit from the ecosystem access and growth opportunities offered by the program. It seeks founders who are committed to building on the Sui blockchain, with a clear understanding of why they want to be part of the network and how they can contribute to its growth. Additionally, teams that are pre-TGE are ideal candidates for the program. However, teams that have an existing token but have not yet listed it on any trading platforms may also be considered.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

Donald Trump Wants to Make the U.S. a Cryptocurrency Leader – Metaverseplanet.net

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December 17, 2024

Donald Trump Wants to Make the U.S. a Cryptocurrency Leader – Metaverseplanet.net

Donald Trump, elected as the 47th President of the United States on November 6, 2024, after defeating his rival Kamala Harris, made a notable statement about Bitcoin (BTC) and cryptocurrencies, topics he actively supported during his election campaign. During a visit to the New York Stock Exchange (NYSE), where he rang the opening bell, Trump expressed his administration’s ambition to be a “pioneer in the cryptocurrency market.”

Donald Trump: “We’re Going to Do Great Things with Cryptocurrencies”

During his appearance at the NYSE, President Trump was welcomed enthusiastically by traders and investors. Speaking to CNBC’s veteran host Jim Cramer, Trump shared bold plans regarding cryptocurrencies. Responding to Cramer’s question about the BTC/USD strategic reserve, Trump stated:

“We’re going to do great things with cryptocurrencies. Because we don’t want China or any other country to dominate the cryptocurrency market. We want to be a pioneer in this field.”

A Shift in Trump’s Stance on Cryptocurrencies

Trump’s support for the cryptocurrency industry is not entirely new, though it marks a significant shift from his earlier skepticism. In the past, Trump argued that Bitcoin posed a threat to the US dollar’s dominance. However, his perspective has evolved over the years, making cryptocurrencies one of the central themes of his latest election campaign.

In July 2024, Trump attended the Bitcoin Conference held in Nashville, where he delivered a landmark speech. During the event, he outlined his administration’s vision for cryptocurrencies, promising to:

Dismiss the SEC Chairman: Trump vowed to remove Gary Gensler, the former Chairman of the US Securities and Exchange Commission (SEC), known for his stringent stance against cryptocurrencies.

Create a Strategic Bitcoin Reserve: He pledged to establish a national Bitcoin reserve to strengthen the US position in the global crypto market.

Support Domestic Crypto Mining: Trump emphasized the importance of keeping cryptocurrency mining operations within the United States, declaring: “If cryptocurrencies are going to shape the future, I want them to be issued and produced in the USA.”

Current Market Overview

At the time of writing, the price of Bitcoin stands at $100,000, reflecting growing market optimism fueled by supportive policies from the new US administration.

Disclaimer: The content provided on our website is for informational purposes only. It does not constitute financial advice, investment recommendations, or guarantees of profit or loss.

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Google Introduced “Whisk”, an artificial intelligence tool that creates images using images! – Metaverseplanet.net

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December 17, 2024

Google Introduced “Whisk”, an artificial intelligence tool that creates images using images! – Metaverseplanet.net

Google has introduced a new artificial intelligence tool called Whisk, designed to simplify visual content creation by reducing the reliance on text commands. This innovative model uses visual commands to generate customized visuals, setting a new standard in AI-powered design.

A New Approach to Visual Creation

During its recent announcement event, Google unveiled several AI-powered tools, including Veo 2, a video creation tool aimed at competing with OpenAI’s Sora. Among these introductions, Whisk stood out for its unique ability to create visuals using reference images instead of extensive text input.

How Whisk Works

With Whisk, users can guide the AI by providing reference images that define the main elements, details, and desired style of the visual output. There’s no restriction on using just one image—multiple images can be referenced to create a blended design that meets user preferences.

While the focus is on visual commands, users still have the option to supplement their input with text commands. This feature becomes particularly useful when specific details are hard to represent visually or when suitable reference images are unavailable.

Once the input process is complete, Whisk generates a variety of visuals that align with the provided references. Users can select their favorite version, download it, or even make further adjustments using text-based prompts if desired.

Not for Photorealism, but for Unique Design

It’s important to note that Whisk is not designed for creating photorealistic images. Instead, it targets users seeking distinctive and artistic designs. Its underlying technology is powered by Google’s latest visual rendering model, Imagen 3.

Currently, Whisk is not publicly available and is inaccessible in certain regions. Google plans to expand access in the near future. We will share updates as soon as the tool becomes widely available.

Google’s video for Whisk

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Google Announces Veo 2, the New Video Generation Tool That Will Dethrone OpenAI’s Sora! – Metaverseplanet.net

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December 17, 2024

Google Announces Veo 2, the New Video Generation Tool That Will Dethrone OpenAI’s Sora! – Metaverseplanet.net

Google has unveiled Veo 2, its latest advancement in video production technology, promising a new standard in high-quality video creation. With capabilities including 4K resolution and cinematic effects, Veo 2 is set to revolutionize the video production landscape.

Google DeepMind’s Innovation in Video Production

Google DeepMind has introduced groundbreaking advancements in video production with the announcement of Veo 2. This next-generation artificial intelligence model elevates video creation by enabling the production of long-form videos with 4K resolution. Veo 2, designed as the successor to the original Veo model, powers several key products within Google’s ecosystem.

Key Specifications of Veo 2

Building on its predecessor’s foundation, Veo 2 allows users to generate videos using text commands and reference images. However, its standout features include enhanced lighting effects and more advanced camera control options, resulting in videos with a cinematic and visually immersive quality.

The updated model excels in producing sharper, more realistic visuals, particularly in fast-motion scenes. Veo 2 effectively simulates fluid dynamics, intricate light-shadow interplay, and advanced artistic effects, raising the bar for video quality. Despite these significant improvements, certain challenges remain, especially in handling complex, long-duration projects.

Competitive Impact and Future Prospects

With Veo 2’s launch, Google is poised to intensify competition with rival AI-driven video production platforms like Sora. Google plans to implement pilot projects in select areas to evaluate Veo 2’s capabilities before expanding its availability globally. As testing progresses, the AI-driven video production industry is expected to experience a major shift driven by this innovative technology.

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Glacier Network Adjusts GLS Distribution And Unveils Community-Exclusive Round

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December 17, 2024

Glacier Network Adjusts GLS Distribution And Unveils Community-Exclusive Round

by
Alisa Davidson

Published: December 17, 2024 at 6:05 am Updated: December 17, 2024 at 6:05 am

by Ana

Edited and fact-checked:
December 17, 2024 at 6:05 am

In Brief

Glacier Network introduced the updated GLS token listing Bootstrap Plan, reallocating 1% of the total token supply to the community.

Decentralized data composable protocol Glacier Network introduced the updated GLS token listing Bootstrap Plan, which aims to redefine the approach to fair token launches with a strong emphasis on community ownership.

A key update involves Glacier Network’s early investors agreeing to adjust and reduce their unlock ratios during the Token Generation Event (TGE). Specifically, 65.04% of Angel Round investors reduced their unlock ratio from 5% to 0%, while 53.68% of Pre-seed Round investors lowered theirs from 10% to 0%. Additionally, 48.21% of Seed Round investors have also reduced their unlock ratio from 20% to 0%.

As a result, 10,000,100 GLS, 1% of the total supply, that was originally planned to unlock at TGE, from a total of 18,500,000 GLS, 1.85% of the total supply, will now be reallocated to the community.

/1$GLS Listing Bootstrap Plan will redefine fair launch, prioritizing community ownership over EVERYTHING.

Less VCs & More Community Initial MC UNCHANGED Nobody in Round 1 & 2 Diluted 100% Funds to $GLS/ETH Pair Pool. Only On https://t.co/ABVAjx8ztU.

More… pic.twitter.com/NuwI8FsxY1

— Glacier Network $GLS (@Glacier_Labs) December 17, 2024

This update is anticipated to enhance community ownership by giving the community an opportunity to acquire GLS before it becomes available exclusively on exchanges while also reducing the token unlocks for venture capitalists (VCs) at the TGE. Additionally, it aims to address concerns related to whitelist issues, providing affected individuals a chance to participate in this round.

The adjustment also helps maintain strong community engagement and excitement leading up to the GLS listing. A larger float in the market will contribute to better price stability, making it easier for participants to enter or exit positions. It will also minimize speculative pressure by aligning token distribution with community-driven values.

How To Participate In GLS Listing Bootstrapping Round?

A total of 1% of the GLS total supply has been reallocated for this Listing Bootstrapping as compensation for the affected participants.

In order to participate, users are encouraged to verify their address eligibility on the network’s website. The GLS Listing Bootstrapping Round will be hosted exclusively on the official Glacier Network website. This round presents the final opportunity for the community to secure GLS before its listing at 10 AM UTC on December 18th, and it’s an opportunity extended to those who have supported Glacier Network throughout its development.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

Ethical Principles for the Metaverse

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December 16, 2024

This group will start by recognising this variety of perspectives, and rather than adopting a prescriptive or normative position, will focus on a descriptive approach: the main aim will be to review and take stock of the different approaches that have been proposed as a basis for the ethical principles of the metaverse, to synthesize those principles that generate great consensus, as well as to identify those issues that prompt greater debate and stimulate reflection on them. Also, to identify different mechanisms for implementing these principles in organisations, and to issue recommendations around them.

OpenSim land area, active users up for the holidays – Hypergrid Business

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December 15, 2024

OpenSim land area, active users up for the holidays – Hypergrid Business

Both land area and active users increased this month in OpenSim, possibly because people are spending more time inside, where it’s warm.

But who knows, really, why people do what they do?

Anyway, I am now tracking a total of 2,6617 public grids, of which 290 were active this month and 231 published their statistics. If you have a stats page that we’re not tracking, please email me at maria@hypergridbusiness.com — that way, your grid will be mentioned in this report every month, for additional visibility with both search engines and users.

OpenSim land area for Dec. 2024. (Hypergrid Business data.)