Published: November 28, 2024 at 2:01 am Updated: November 28, 2024 at 2:01 am
by Ana
Edited and fact-checked:
November 28, 2024 at 2:01 am
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In Brief
Bitget Wallet announced a month-long event focused on Meme coin trading throughout November, with a prize pool valued at up to $350,000.
Non-custodial Web3 wallet and decentralized platform Bitget Wallet announced a month-long event focused on Meme coin trading throughout November, with a prize pool valued at up to $350,000. The event consists of two main segments: the Meme Project Competition and the Bitget Swap Trading Carnival.
For the Meme Project Competition, Bitget Wallet has partnered with Unizen to host an initiative tailored for Meme project teams. This segment will identify and reward standout Meme projects each week. Winning teams will receive a share of the allocated prize pool.
The competition will run for four weeks and is open to project teams and community members supporting their chosen Meme projects. Registered participants will compete weekly, with 2–4 projects selected as winners each round.
Each week, a prize pool of $20,000 will be available. Winning projects will claim 80% of the prize, while non-winning projects will receive the remaining 20%. Additionally, shortlisted projects will gain visibility on Bitget Wallet’s Trend List (featured for one day) and in an official Twitter announcement.
In order to participate, users are encouraged to register. Projects successfully entering the competition will undergo weekly head-to-head challenges over four consecutive weeks. Winning projects can claim the majority share of the prize pool.
‘Meme Project Tournament’: Evaluation Criteria And Reward Distribution
Evaluation criteria for shortlisted projects include factors such as market capitalization, social media engagement, 24-hour trading volume, number of token holders, and whether the project adheres to a fair-launch model.
Rewards will be distributed to projects to support continued development, enhance liquidity for smaller-cap projects, or benefit Meme projects under Community Take Over (CTO) initiatives. In these cases, key opinion leaders (KOLs) and core community builders will receive allocations. Active traders engaging through Bitget Wallet Swap may also be eligible for airdrops.
All rewards are provided by Unizen, totaling 800,000 ZCX. However, the value of rewards may fluctuate based on market conditions at the time of distribution.
Bitget Wallet is widely acknowledged as a leading non-custodial Web3 wallet and decentralized ecosystem platform worldwide. In addition to its Swap function, it offers features such as multi-chain asset management, smart money insights, a Launchpad, an Inscriptions Center, and an Earning Center. The platform supports over 100 major blockchains, more than 250,000 tokens, and a diverse range of decentralized applications (dApps).
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.
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Alisa Davidson
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.
Sales of NFTs reached $158 million during the week of November 18–24, making them a bright point in the digital economy. Even though there was a 12.7% decline from the previous week, this indicates that NFTs are still of great interest. To put this in perspective, early November saw weekly sales of just $93 million, showing how the market has expanded.
Source: CryptoSlam
November’s performance builds on October’s momentum. In October, NFTs recorded $356 million in sales. By the third week of November, the total had already crossed $400 million. With projects utilizing innovative and distinctive offerings, this growth demonstrates the steady demand for NFTs. NFTs are becoming a commonplace part of the digital economy, and although weekly variations are normal, the overall trend is still encouraging.
Kraken Closes the NFT Market
Kraken, a well-known crypto exchange, has decided to close its NFT marketplace. The platform will enter a withdrawal-only phase on November 27, offering users three months to move their money. The marketplace will thereafter completely close.
Source: Bryptos
According to a Kraken representative, the choice represents a change in priorities. In order to stay competitive in the rapidly changing cryptocurrency market, the company is reallocating resources to concentrate on other goods. Users have been informed about this upgrade by Kraken, and they are receiving instructions on how to move their NFTs to external wallets. The difficulties in the NFT sector, where businesses must strike a balance between innovation and operational effectiveness, are highlighted by this shutdown.
FIFA and Mythical Games Partner on Blockchain Soccer Game
With “FIFA Rivals,” FIFA and Mythical Games are introducing blockchain gaming to soccer enthusiasts. iOS and Android users will be able to play this mobile game for free. In addition to managing soccer teams and competing with other players, players can take use of a combination of blockchain technology and gameplay.
Source: Mythical Games
The Mythos Foundation, an organization devoted to developing crosschain solutions, promoting an NFT-based economy, and aiding gaming guilds, will construct the game’s infrastructure. Having created Blankos Block Party, a game that allows users to create and modify characters, Mythical Games has experience in the NFT gaming industry. With FIFA Rivals, the business hopes to fuse the cutting-edge qualities of blockchain technology with the universal appeal of soccer.
The impact of NFTs is still growing across industries. NFTs’ adaptability draws a wide range of users, from gamers to artists. Projects like FIFA Rivals show how blockchain and NFTs can transform traditional gaming experiences into something new. These developments indicate that the NFT market is far from stagnant, offering opportunities for creators and players alike.
Despite some platforms like Kraken pulling back, the broader NFT ecosystem remains vibrant. As sales figures show, interest in NFTs has not diminished. Instead, the market is evolving, with companies exploring different ways to deliver value to their users. Collaborations like FIFA and Mythical Games underline the potential of combining entertainment and blockchain technology.
Even with occasional dips in sales, the NFT market demonstrates resilience. November’s strong performance indicates that NFTs are becoming a staple in the digital landscape. Platforms and projects continue to innovate, driving adoption and exploring new possibilities.
While challenges persist, such as resource allocation and shifting priorities for platforms, the overall outlook for NFTs remains optimistic. As the market matures, companies that adapt and find ways to engage users effectively will continue to thrive. Whether through games like FIFA Rivals or creative NFT projects, the potential for growth is undeniable.
Welcome to the world of the Metaverse! The technology is continuing at its unprecedented, phenomenal rate, and along with it, the Metaverse stands at the next level of the big digital frontier. It is just not a passing trend, Metaverse is the future of how we will work, play, and interact. In this blog post, we will dive deep into the Metaverse, from history to components, major players, investment opportunities, and much more.
Let’s start our journey into the Metaverse!
1. Introduction to the Metaverse:
The term Metaverse has been getting thrown around in every conversation tech conferences to financial discussions. But what does it really mean? Is it just one of these buzzwords and not a realization of some new fundamental change in how we see and interact with digital environments?
What is the Metaverse?
Picture Courtesy: excellentwebworld.com
Metaverse is a collective virtual shared space that merges physical reality with augmented and virtual reality, creating a fully immersive digital experience. Imagine logging into a digital world-not just through a screen but in a space where you can interact with other people, digital assets, and environments in real time.
This virtual world is not solely for the purposes of playing or socializing but serves as a platform through which work, education, entertainment, commerce, and many other things could potentially be conducted. There are limitless possibilities for innovation and creativity that result from this digital real estate to virtual concerts within the Metaverse.
History and Evolution of the Metaverse:
Picture Courtesy: blog.capitalwallet.com
The concept of the Metaverse is not entirely new. Instead, it has been developing since the early days.
Early Beginnings: The Seeds of the Metaverse
The concept of a virtual reality universe itself was first conceptualized through science fiction. In 1992, Neal Stephenson’s novel Snow Crash introduced the term “Metaverse,” referring to a virtual reality space where humans, manifested in the form of avatars, communicate and interact with the digital world and each other. This sparked imaginations and laid the conceptual foundation for the Metaverse we are familiar with today.
From Fiction to Reality: How the Metaverse Emerged
In the 21st century, virtual environments such as Second Life and early social platforms, such as Facebook, showed a glimpse of the interconnected virtual world that could exist. However, this beginning was shaped when technologies like VR, AR, and blockchain started taking forms that would eventually shape the Metaverse.
Watching the pace at which Facebook (now Meta), Microsoft, and other gigantic companies pursue the Metaverse concept, we see how science fiction becomes real technology. It’s a space of utterly felt rather than merely visual experience- integral and immersed in our lives.
How Does the Metaverse Work?
Picture Courtesy: 101blockchains.com
To move around in the Metaverse, people will often require access devices such as VR headsets, AR glasses, and high-powered computers that support an immersive environment. They may use avatars to travel from virtual space to virtual space and attend events, buy and sell products, or create original content.
A. Virtual Worlds:
The platforms that allow users to build, buy, or sell virtual land and assets are Sandbox, Roblox, and Decentraland. The worlds run on the blockchain, which ensures ownership and uniqueness of digital goods.
B. Cryptocurrency and Blockchain:
The use of blockchain ensures the secure and transparent transaction of assets ranging from virtual land to digital fashion. Meanwhile, cryptocurrencies enable the users’ decentralized means of making transactions within the Metaverse.
C. Smart Contracts:
These are self-executing contracts that enable the seamless and secure exchange of assets and services in the Metaverse. Smart contracts are commonly used to buy land, sell NFTs, and transfer ownership rights of digital goods.
D. Social Interaction:
Users can now socialize beyond just visiting virtual spaces. They could chat, attend virtual parties, and engage in social collaboration in learning, working, or even gaming.
Metaverse vs. Virtual Worlds: What is the Difference?
Although the terms “Metaverse” and “virtual worlds” are mostly used interchangeably, there is a distinction hidden in the semantics. A virtual world refers to a single digital environment where one can interact and engage; on the other hand, the Metaverse refers to a network of interconnected virtual worlds. Hence, the Metaverse is a more comprehensive concept more expansive and integrated than individual virtual worlds.
Why Does the Metaverse Matter?
The Metaverse is a potential game-changer in terms of how people interact with the digital world and how businesses engage with consumers. It provides novel forms of entertainment, socialization, and commerce and promises to blur the boundaries between reality and virtuality. Whether for work, education, or leisure, the Metaverse represents a digital ecosystem in which people can experience activities and emotions in the same way as if they were directly in the physical world.
The Metaverse is likely to become a part of our everyday life just as the internet has transformed companies and individuals pouring more investment into this space, from offices in cyberspace to gaming and way beyond, reshaping the globe’s digital communication patterns.
2. Key Components of the Metaverse:
Picture Courtesy: systango.com
The Metaverse is a multidimensional digital environment comprising various technologies dovetailing with one another to create a well-organized immersive, interconnected virtual world. Each of these components plays a critical role in providing an intended seamless, interactive, and decentralized experience of the Metaverse. Here are the major components of the Metaverse:
A. Virtual Reality and Augmented Reality:
In the center of the Metaverse lie the immersive technologies such as virtual reality and augmented reality that make it possible for the user to see and experience the virtual world.
Virtual reality generates fully digital environments, such as Oculus Rift, HTC Vive, or Meta Quest headsets. These are meant to enable users to immerse themselves in virtual space by attending events, playing games, or even socializing with other users by creating avatars that interact as humans would.
Augmented reality is an overlay of digital elements onto the real-world using devices such as smartphones, tablets, or AR glasses, for example, Microsoft HoloLens. It fills in the gap between the physical and virtual worlds by enhancing the real world with digital elements such as 3D objects or holograms. For example, AR can be used to decorate a room with virtual art or try on digital clothing before purchasing.
B. Blockchain Technology and Cryptocurrencies:
Blockchain is the foundation of the Metaverse, ensuring that ownership is decentralized, transactions are secure, and interoperability between platforms is possible.
Blockchain is a distributed ledger that securely and transparently records transactions. It allows for the creation and ownership of digital assets such as NFTs and virtual real estate and facilitates trustless transactions that do not require intermediaries. This also supports the decentralization of virtual worlds, ensuring no single entity can have total control.
The use of cryptocurrencies like Bitcoin, Ethereum, and Metaverse-specific tokens like SAND and MANA powers transactions in virtual spaces. These digital currencies are used to purchase virtual goods, land, and services, thus fostering a self-sustaining economy in the Metaverse and enabling value transfers across platforms.
C. Digital Assets and NFTs:
Ownership in the Metaverse is, by and large, defined by digital assets and non-fungible tokens, or NFTs. Digital assets represent any creation, purchase, or sale made within the Metaverse-such as virtual land, digital clothing, or gaming items. They contribute to personalization, allowing people to express themselves and have a unique experience.
NFTs are unique, non-divisible digital tokens held on the blockchain to signify ownership of a given asset. They establish ownership of digital objects such as art, collectibles, or property, enable creators to monetize their work by selling and earning royalties on it, and facilitate interoperability, meaning NFTs can be used across different Metaverse platforms. For instance, a digital land parcel in Decentraland or a custom skin in Fortnite may be represented as an NFT, ensuring its uniqueness and ownership by the user.
D. Interoperability and Standards:
A unified and connected Metaverse relies on interoperability, which enables seamless moves of assets, identities, and data between platforms. Open protocols, such as ERC-721 for NFTs and ERC-20 for tokens, ensure that a virtual space can work within another virtual space because a user’s avatar, his assets, and digital identity can function across various environments in the Metaverse and create a more integrated and cohesive ecosystem. For example, the avatar created in The Sandbox can be used in Decentraland or any other Metaverse platform that supports the same standards.
E. Artificial Intelligence (AI):
AI plays a vital role in creating intelligent, responsive, and personalized experiences within the Metaverse. It helps generate lifelike avatars with unique features and emotions, powers non-player characters (NPCs) that interact with users in real time, and drives algorithms that suggest tailored content such as events, virtual goods, or social connections. For instance, AI can enable virtual assistants within the Metaverse to guide users or help them navigate complex environments.
F. Cloud Computing and Edge Computing:
The Metaverse requires enormous computing power to render high-quality, real-time virtual experiences. Cloud computing stores and processes huge amounts of data remotely, which makes scalable and efficient virtual worlds possible, and allows access to the Metaverse from multiple devices without requiring high-end hardware. Edge computing brings computation closer to users, reducing latency and ensuring smooth, real-time interactions in the Metaverse. These technologies together ensure that the Metaverse remains accessible, responsive, and immersive.
G. Networking and 5G Technology:
For an immersive Metaverse, there is a need for ultra-fast, low-latency networks. Very fast internet is essential for transferring enormous data in real-time and facilitating multiplayer interactions, streaming, and VR experiences. With the advent of 5G networks, connectivity is faster and more stable. This makes engaging activities like virtual meetings, gaming, and live events much more enjoyable and accessible.
H. Internet of Things (IoT):
IoT merges with the Metaverse by connecting real-world devices into the Metaverse. Thus, IoT will allow real-time transfer of data between real and virtual worlds. For example, one can change a smart home’s temperature, lighting, and security setting via a virtual interface of Metaverse. In the near future, IoT could use physical movements and gestures to control virtual objects or avatars, which will greatly enhance immersion.
I. Social Interactions Platforms:
The core of Metaverse is social interaction by which users connect, interact, and collaborate. Its platforms include Roblox, Horizon Worlds by Meta, as well as VRChat, offering the opportunity for users to socialize, attend an event, or create any shared experience. These priorities are community building and creating user-generated content, boosting engagement and collaboration.
J. Economy and Governance:
The Metaverse is an economy where users can earn, trade, and spend. Backed by cryptocurrencies, NFTs, and digital services, the Metaverse fuels a very active marketplace. There, users can create content, sell goods, or offer services for income generation. Most of the Metaverse platforms apply DAOs for decision-making. This allows users to vote on the policies within the platform, making sure that the Metaverse stays community driven.
3. Major Players in the Metaverse:
Picture Courtesy: superchaincapital.medium.com
The Metaverse, a sprawling digital ecosystem, has attracted the attention of industry giants, innovative startups, and tech pioneers alike. These organizations are actively shaping the future of the virtual world, developing platforms, technologies, and experiences that are revolutionizing how we interact, create, and live online. Let’s explore some of the major players driving the Metaverse’s growth.
A. Meta (Formerly Facebook):
Picture Courtesy: tentango.com
Meta has positioned itself as a leader in the Metaverse with a strong focus on building interconnected virtual spaces where people can work, socialize, and play. The company has invested heavily in virtual reality (VR) and augmented reality (AR) technologies.
Meta’s flagship VR platform is Horizon Worlds, where it allows users to create, explore, and interact within a virtual environment. With Oculus VR headsets, Horizon Worlds provides an immersive social experience. Beyond entertainment, Meta also develops Metaverse applications in business through Horizon Workrooms, where teams can work together in virtual offices.
In addition, Meta has invested billions of dollars into research and development through its Reality Labs division, which is working toward the development of next-generation AR and VR devices and interfaces.
B. The Sandbox:
Picture Courtesy: tentango.com
The Sandbox is a decentralized, blockchain-based platform that enables users to create, own, and earn from virtual experiences. It’s highly known for user-generated content and community-driven activities.
In The Sandbox, users can purchase virtual land parcels as NFTs, develop them into custom spaces, and trade them on the platform’s marketplace. The native cryptocurrency, SAND, powers the platform’s economy, enabling transactions for land, avatars, and digital assets.
Major partnerships with celebrities and brands, such as Snoop Dogg and Adidas, have solidified The Sandbox’s position as a leading Metaverse platform.
C. Roblox:
Picture Courtesy: tubefilter.com
Roblox is one of the pioneers in user-generated content and gaming experiences in the Metaverse. It hosts a huge number of users, especially among the youth, and is a hub where developers can create and generate revenue from their games and experiences.
Roblox allows its users to create virtual worlds and interact with them using their own avatars. It provides in-platform currency, such as Robux, through which users can pay for digital items, game enhancements, and premium membership.
Roblox is more than a gaming platform, evolving to become a social space for virtual concerts, educational programs, and even corporate events. The adaptability and dynamic nature of the creator community are among the strong reasons for why it has become one of the best players in the Metaverse.
D. GMK Metaverse:
GMK Metaverse is a new platform that is quickly gaining recognition for its innovative approach to creating virtual spaces. Focused on seamless interoperability, GMK will connect users across various Metaverse environments while offering unique experiences tailored to different industries.
The platform emphasizes user-centric designs and robust blockchain integration to ensure ownership and security. GMK Metaverse is actively exploring applications in gaming, virtual commerce, and digital real estate, targeting both casual users and enterprises. Though newer than other players, GMK’s potential lies in its commitment to building scalable, accessible virtual ecosystems.
E. Microsoft:
Microsoft is using its software and cloud computing to create a chunk of Metaverse space. Its Mesh for Teams will combine AR and VR in workplace collaboration, where teams can meet in shared virtual spaces.
The company has also acquired AltspaceVR, a virtual reality social platform, to boost its efforts in providing immersive communication tools. Microsoft is also looking into Metaverse applications for industrial and enterprise use cases, such as virtual training programs and digital twins, through its Azure cloud services.
F. Decentraland:
Decentraland is one of the first fully decentralized Metaverse platforms, run by its users through a decentralized autonomous organization (DAO). Decentraland is built on the Ethereum blockchain, where users can buy, sell, and build on virtual land parcels represented as NFTs.
The native cryptocurrency of the platform, MANA, is used for transactions, such as buying land, goods, and services. Decentraland has hosted large-scale virtual events, including music festivals and fashion shows, demonstrating its potential as an entertainment and marketing space. The focus on decentralization is in line with the principles of Web3, so it is popular among blockchain enthusiasts.
G. Nvidia:
Picture Courtesy: jalnaaneshia.blogspot.com
Not a traditional Metaverse platform, Nvidia is essential for providing the infrastructure necessary to power the Metaverse. Omniverse allows creators and developers to collaborate on real-time 3D designs, simulations, and virtual environments.
NVIDIA is an advanced technology leader, creating the world’s greatest gaming GPUs and AI technology required for rendering these complex visualizations and simulations that describe the Metaverse. To help the advancement of Metaverse’s underlying technologies, the company provides interoperable tools that connect separate virtual worlds and applications.
H. Epic Games:
Picture Courtesy: buscape.com.br
Epic Games, the maker of Fortnite, has been at the forefront of mixing entertainment, socializing, and virtual experiences. Millions witnessed live virtual events such as Travis Scott and Ariana Grande concerts through Fortnite, hence the possibility of mass engagements in the Metaverse.
Epic Games is utilizing Unreal Engine, the leading 3D creation tool, in the building of Metaverse environments and experiences. The company is putting substantial investments into Metaverse initiatives with the support of sizeable funding from partners like Sony.
I. Amazon and Google:
Picture Courtesy: abc13.com
Amazon and Google, though not directly Metaverse companies, play a vital role in its development through cloud computing and AI services. Google’s ARCore and Amazon’s AWS (Amazon Web Services) provide the infrastructure needed to host and scale virtual experiences. The two companies are also exploring AR and AI tools that may improve user interactions within the Metaverse.
J. Tencent:
Picture Courtesy: Gizmochina
Tencent is a Chinese tech giant that invests in gaming, social media, and virtual goods. It is one of the major players in the Metaverse space, and its platforms, such as WeChat and partnerships with gaming companies, make it a central figure in Asia’s Metaverse ecosystem. Tencent is also working on developing virtual environments for entertainment and commerce.
4. Investing in the Metaverse:
Picture Courtesy: cashify.in
The Metaverse is more than just a technological marvel; it’s also a rapidly emerging investment frontier. With industries integrating virtual worlds into their operations, many see the Metaverse as a lucrative space for growth and innovation. Whether you’re a seasoned investor or new to the game, understanding the opportunities and risks involved is crucial.
Why Invest in the Metaverse?
The Metaverse is the new paradigm, much like the internet revolution of the late 1990s. It promises to change the way we work, socialize, shop, and entertain ourselves. The industries involved—gaming, real estate, virtual commerce, and more—are projected to grow exponentially. For investors, this translates into opportunities to be early adopters in what could become a trillion-dollar economy.
Key Investment Opportunities in the Metaverse:
A. Metaverse Stocks:
Many publicly traded companies are quite invested in building or supporting the Metaverse, so their stocks are a pretty attractive option for investors.
Meta (Facebook): They have made massive investments in VR, AR, and social virtual platforms. Oculus is central to its Metaverse strategy, along with Horizon Worlds.
Nvidia: A key player that provides GPUs and AI-driven solutions for Metaverse development. Its Omniverse platform is a game-changer for creators.
Roblox Corporation: A Metaverse pioneer with its user-generated gaming platform, Roblox is a favorite among young audiences and creators.
Unity Software: Developers rely on Unity’s real-time 3D engine to build immersive Metaverse experiences.
B. Virtual Real Estate:
Digital land has become a highly sought commodity in platforms like The Sandbox and Decentraland. Investors are buying parcels as NFTs and either building it into virtual experiences or waiting for future resale. This is driving the demand by companies and brands for renting digital space for events, advertising, and storefronts.
C. Cryptocurrencies and Tokens:
Cryptocurrencies are the base layer that makes up the Metaverse economy, providing means to transact, govern, and reward.
SAND: The native coin of The Sandbox, with which people purchase land, assets, and services.
MANA: Mana is the native coin of Decentraland, power source to its ecosystem.
AXS (Axie Infinity): A gaming token linked with one of the most well-known play-to-earn platforms.
There are investment opportunities to acquire and hold these coins or use them within the applications to make money
D. NFTs (Non-Fungible Tokens):
From digital art to virtual goods, NFTs constitute a pillar of Metaverse commerce. While high-profile sales get the headlines, more affordable entry points for the new investor exist in the form of NFTs. Popular categories with burgeoning value include virtual collectibles, in-game items, and avatar accessories.
E. ETFs and Funds:
For a diversified strategy, Metaverse-focused ETFs provide exposure to various companies that are involved with the Metaverse. There are:
Roundhill Ball Metaverse ETF (META): Tracks companies in numerous Metaverse-related sectors that include gaming, VR, and cloud computing.
ProShares Metaverse ETF: Seeks to track stocks closely linked to AR, VR, and digital ecosystems
Benefits of Investing in the Metaverse:
First-Mover Advantage: The Metaverse is still in its infancy, offering ground-floor opportunities to early investors.
Diverse Investment Options: Stocks, crypto, NFTs, and real estate provide multiple avenues for investors to diversify their portfolios.
High Growth Potential: Industries tied to the Metaverse are projected to experience rapid growth, leading to potentially high returns.
Risks and Challenges of Metaverse Investments:
Volatility: Cryptocurrencies and NFTs, in particular, are highly volatile and subject to speculative price swings.
Regulatory Uncertainty: Governments are still defining policies around virtual assets, which could impact investments.
Market Maturity: The Metaverse is evolving, and not all projects or companies will succeed in the long term.
Technological Barriers: Widespread adoption depends on advancements in VR/AR devices, blockchain scalability, and internet infrastructure.
Picture Courtesy: medium.com
Cryptocurrencies are the financial backbone of the Metaverse, enabling seamless transactions, ownership, and governance within virtual ecosystems. They integrate economic systems into these digital worlds, allowing users to trade, earn, and invest in virtual goods and experiences. Let’s explore how cryptocurrencies shape and empower the Metaverse.
Why Cryptocurrencies Are Essential in the Metaverse:
Cryptocurrencies serve as the primary medium of exchange within the Metaverse, allowing for the buying and selling of virtual goods, services, and assets. Unlike traditional currencies, they operate on blockchain technology, ensuring decentralization, transparency, and security.
In the Metaverse, crypto enables:
Ownership of Digital Assets: Blockchain technology records ownership of virtual goods, ensuring that users have verifiable and secure possession.
Interoperability: Cryptocurrencies allow users to move assets and value across different Metaverse platforms seamlessly.
Decentralized Governance: Token holders can participate in the decision-making processes of Metaverse projects.
Key Cryptocurrencies Powering the Metaverse:
Cryptocurrency is powering metaverse and boosting the digital world together. Let’s figure out how they are doing it.
A. SAND (The Sandbox):
The native token of The Sandbox, SAND, is used for buying virtual land, avatars, and assets within the platform. It also facilitates staking, governance, and earning rewards.
B. MANA (Decentraland):
MANA powers the Decentraland ecosystem, enabling users to purchase virtual land parcels and in-game items. It is also used for voting on platform developments through Decentraland’s decentralized autonomous organization (DAO).
C. AXS (Axie Infinity Shards):
AXS is the governance token of Axie Infinity, a play-to-earn Metaverse platform. Players use AXS to participate in decision-making, stake for rewards, and transact within the ecosystem.
D. ENJ (Enjin Coin):
Enjin Coin supports the creation and management of NFTs within the Metaverse. Developers use ENJ to mint NFTs that can be integrated into games and virtual worlds.
E. ETH (Ethereum):
Ethereum is the blockchain of choice for many Metaverse projects. Its smart contract capabilities make it ideal for hosting decentralized applications, NFTs, and tokens.
How Cryptocurrencies Work in Virtual Worlds:
There are some ways crypto works in the virtual world.
A. Transactions and Payments:
In the Metaverse, cryptocurrencies facilitate the exchange of goods and services, such as purchasing virtual real estate, clothing for avatars, or tickets for virtual events.
B. Play-to-Earn Models:
Play-to-earn games like Axie Infinity and The Sandbox reward players with crypto for participating in activities, creating a unique economic model where users earn real-world value.
C. Tokenized Ownership:
Cryptocurrencies enable users to own unique digital assets like NFTs, which can represent anything from virtual art to land. These assets are stored securely on the blockchain and can be traded or monetized.
D. Staking and Rewards:
Users can stake their cryptocurrencies within Metaverse platforms to earn passive income, governance rights, or in-game advantages.
Integration of Crypto and Blockchain in the Metaverse:
Cryptocurrencies rely on blockchain technology, which provides the infrastructure for decentralized and secure transactions. Here’s how blockchain supports the Metaverse:
Transparency: All transactions are recorded on a public ledger, ensuring fairness and accountability.
Security: Blockchain protects assets against fraud and hacking through cryptographic methods.
Interoperability: Blockchain enables assets and currencies to move across platforms, fostering a connected Metaverse ecosystem.
Smart Contracts: These self-executing contracts automate transactions and agreements, reducing the need for intermediaries.
6. Applications and Use Cases of the Metaverse:
Picture Courtesy: dreamcast.co
The Metaverse is more than just a digital playground—it’s a transformative space reshaping industries and everyday experiences. From gaming and social interaction to education and healthcare, the Metaverse offers diverse applications that redefine how we live, work, and connect. Let’s explore some of its most prominent use cases.
A. Gaming: A Pioneer in the Metaverse
Gaming is one of the first and most engaging uses of the Metaverse. The vast virtual worlds such as Roblox, The Sandbox, and Fortnite let the user interact, compete, and create within massive digital realms. In Axie Infinity, the P2E models permit the earning of real money from in-game rewards through play-to-earn schemes, and therefore gaming might be a source of income. Other than these, Minecraft and Roblox are enabling the players to design and monetize their experiences; hence, gaming is crossing over into digital entrepreneurship.
B. Socializing in the Metaverse:
The Metaverse revolutionizes socialization since it lets users connect as avatars in virtual spaces. Environments like VRChat and Horizon Worlds let the user meet, chat, and explore together. This extends beyond casual hangouts; virtual concerts and events are also becoming popular. Artists such as Travis Scott and Ariana Grande hosted virtual concerts in Fortnite that drew millions of attendees worldwide. Corporate meetings have also taken on the Metaverse. Virtual offices and meeting rooms are an engaging alternative to video calls.
C. Virtual Real Estate:
This house has the fastest growth through Metaverse since users and corporations are buying land and homes there. Decentraland and The Sandbox are those portals where they have an opportunity to claim lands, build them, sell, and make money at times. Companies are finding their way to set up virtual storefronts and offices with distinct customer experiences as well. Virtual spaces, too, are rented to events, exhibitions, or even social gatherings, resulting in a strong economy over virtual property.
D. Education and Training:
The Metaverse is changing learning to be more interactive and accessible. Virtual classrooms, for example, on platforms like EngageVR, allow students to attend classes from any corner of the world. In skill training, simulations in medicine and aviation allow trainees to practice in realistic scenarios without risks in the real world. Cultural experiences are also improved, as students can tour virtual museums, historical sites, and other educational resources globally, enriching their learning journeys.
E. Healthcare and Therapy:
The healthcare industry is using the Metaverse for groundbreaking treatments and support. Virtual consultation services allow patients to safely interact with doctors in an immersive environment, eliminating geographical restrictions. Therapy sessions in virtual environments, especially VR therapy, help manage PTSD, anxiety, and other phobias by providing controlled scenarios. Rehabilitation programs are also using virtual exercises and games to assist patients in their physical therapy and recovery.
F. Retail and Virtual Commerce:
Shopping in the Metaverse is a unique, interactive experience. Brands such as Gucci and Nike have already set up digital stores from which users can buy physical and virtual items. Avatars can try on clothes or test products in virtual environments to make the shopping experience better. Exclusive digital goods are also sold, often in the form of NFTs, so that customers can own unique collectibles that blur the lines between traditional commerce and digital ownership.
G. Entertainment and Media:
The Metaverse expands entertainment horizons. Users get to engage in immersive cinema and TV series where they are a part of the storyline. Interactive storytelling is taking on platforms such as The Sandbox, enabling creators to develop narrative-based games and experiences. Live sports and events also have a change, as fans watch their favorite games from virtual stadiums that offer more immersive settings.
H. Industrial and Enterprise:
Businesses are using the Metaverse for efficiency and innovation. Virtual workspaces, like Microsoft Mesh, create a collaborative environment for remote teams. Industries such as manufacturing and defense are utilizing immersive simulations for workforce training. Product design and prototyping also benefit from VR environments, where companies can design and test products in a collaborative manner without physical prototypes.
I. Finance and Banking:
The Metaverse changes financial services through decentralized services. Virtual banking services are surfacing where users can manage their finances in immersive environments. Applications using DeFi are also embedding themselves into the Metaverse, giving users lending tools, borrowing tools, and trading tools so that they can participate in different virtual economies. Innovations like these ensure financial service delivery is accessible and effective in digital ecosystems.
J. Marketing and Advertising:
The Metaverse offers new forms of engagement for brands with the audience. Experiential marketing campaigns are immersive experiences through virtual games, events, and interactive environments designed to create brand experiences. Targeted ads are becoming more personalized based on user behavior and preferences in virtual spaces. Virtual influencers and avatars are being used to promote products to an ever-expanding digital audience, further enhancing the visibility of the brand.
7. Challenges and Future of the Metaverse:
Picture Courtesy: bap-software.net
As the Metaverse continues to evolve, it promises to transform how we interact, work, and entertain ourselves in digital environments. However, this transformation is not without its hurdles. From technological limitations to ethical dilemmas, the Metaverse faces numerous challenges. At the same time, its future brims with opportunities and potential for innovation. Let’s explore the major challenges and what the future might hold for this burgeoning digital universe.
Key Challenges in the Metaverse:
There are challenges in the metaverse. Let’s explore that,
A. Technological Limitations:
The Metaverse relies heavily on advanced technologies like virtual reality (VR), augmented reality (AR), and blockchain. However, these technologies are still evolving. VR and AR devices, while improving, are often expensive, bulky, and require significant computing power. Additionally, internet infrastructure in many regions is not yet capable of supporting the high-speed, low-latency connections needed for seamless Metaverse experiences.
B. Interoperability Issues:
For the Metaverse to succeed as a cohesive digital universe, it must ensure interoperability between different platforms and systems. Currently, many virtual worlds operate as isolated ecosystems. Achieving seamless integration, where users can move assets, identities, and experiences across platforms, remains a complex technical challenge.
C. Data Privacy and Security:
With users spending more time in the Metaverse, the amount of personal data generated and collected increases exponentially. This raises significant concerns about privacy and data security. Ensuring that sensitive information is protected while giving users control over their data is a critical challenge. Moreover, cyberattacks, hacking, and identity theft are real threats in virtual environments.
D. Ethical and Social Concerns:
The Metaverse opens up new ethical dilemmas. Issues such as digital harassment, virtual crime, and the psychological impact of extended immersion in virtual worlds need addressing. There’s also the risk of widening the digital divide, where only those with access to advanced technology and resources can fully participate in the Metaverse.
E. Regulatory Uncertainty:
Governments and regulatory bodies are still grappling with how to govern the Metaverse. Questions surrounding taxation, intellectual property rights, and virtual property ownership remain unresolved. The decentralized nature of many Metaverse platforms, often underpinned by blockchain, further complicates regulatory efforts.
F. Environmental Impact:
The Metaverse’s underlying technologies, particularly blockchain, are often energy intensive. Mining and transactions for cryptocurrencies and NFTs consume significant amounts of energy, raising concerns about their environmental impact. Developing more sustainable solutions is essential for the long-term viability of the Metaverse.
Future Trends and Predictions:
Let’s see the future trends and predictions about metaverse.
A. Advancements in Technology:
As VR and AR hardware continue to evolve, we can expect more lightweight, affordable, and high-performing devices. Advances in 5G and eventually 6G networks will provide the speed and reliability needed for immersive experiences, enabling the Metaverse to reach more users globally. AI and machine learning will also play crucial roles in enhancing interactivity and personalization within virtual worlds.
B. Greater Interoperability:
Efforts to create a more unified Metaverse will likely accelerate. Initiatives like the Metaverse Standards Forum aim to establish common standards and protocols, enabling users to seamlessly navigate and interact across different platforms. This would enhance the overall user experience and foster greater adoption.
C. Expansion of Use Cases:
The Metaverse’s applications will expand beyond gaming and social interaction. Industries such as healthcare, education, real estate, and entertainment will increasingly adopt Metaverse technologies to innovate and improve their services. Governments may also explore virtual governance models, using the Metaverse for public services and citizen engagement.
D. Decentralization and User Ownership:
The future of the Metaverse is expected to lean heavily toward decentralization. Blockchain technology will empower users to own their digital identities, assets, and even platforms. This shift will create a more democratized digital economy, where users have more control and autonomy over their virtual experiences.
E. Enhanced Security and Privacy:
To address growing concerns about data security and privacy, future Metaverse platforms will likely integrate more robust security measures. Innovations in decentralized identity and zero-knowledge proofs could provide users with greater privacy without compromising functionality. Governments and organizations will also work toward establishing comprehensive data protection regulations for virtual environments.
F. Ethical Frameworks and Regulation:
As the Metaverse grows, ethical considerations will take center stage. Platforms will need to develop strict policies to combat virtual harassment and protect users’ mental health. Regulatory frameworks will evolve to address legal and ethical challenges, ensuring that the Metaverse remains a safe and inclusive space for all users.
G. Sustainability Initiatives:
Environmental concerns will drive innovation in sustainable technologies. Blockchain platforms may adopt energy-efficient consensus mechanisms, such as proof-of-stake, to reduce their carbon footprint. Companies will also prioritize eco-friendly practices in building and maintaining Metaverse infrastructure.
The Metaverse is still in its early stages, and while challenges abound, its potential is limitless. By addressing technical, ethical, and regulatory hurdles, the Metaverse can evolve into a thriving, inclusive digital ecosystem. It holds the promise of reshaping industries, enhancing social connections, and creating new economic opportunities.
As the Metaverse continues to grow, one thing is certain, it will play a pivotal role in shaping the digital future. Are you ready to explore the limitless possibilities of this virtual universe? Share your thoughts on the future of the Metaverse in the comments below!
And if you’re as excited about DeFi, blockchain, and the evolving Web3 universe as we are, join our community! Subscribe to our newsletter for the latest updates, trends, and insights, let’s navigate the world of Web 3 together!
With the release of Meta’s Llama 3.2, fine-tuning large language models to perform well on targeted domains is increasingly feasible. This article provides a comprehensive guide on fine-tuning Llama 3.2 to elevate its performance on specific tasks, making it a powerful tool for machine learning engineers and data scientists looking to specialize their models.
Let’s dive into the fine-tuning process, requirements, setup steps, and how to test your model for optimal performance.
Why Fine-Tune Llama 3.2?
While large language models (LLMs) like Llama 3.2 and GPT-4 have powerful generalization capabilities, fine-tuning a model tailors its behavior to meet specialized requirements. For example, a fine-tuned model trained for a customer support domain can provide more accurate responses than a general-purpose model. Fine-tuning allows LLMs to outperform general models by optimizing them for specific fields, which is essential for tasks requiring domain-specific knowledge.
In this guide, we’ll cover how to fine-tune Llama 3.2 locally and use it to solve math problems as a simple example of fine-tuning. By following these steps, you’ll be able to experiment on a smaller scale before scaling up your fine-tuning efforts.
Preliminary Setup: Running Llama 3.2 on Windows
If you’re working on Windows, fine-tuning Llama 3.2 comes with some setup requirements, especially if you want to leverage a GPU for training. Follow these steps to get your environment ready:
Install Windows Subsystem for Linux (WSL): WSL enables you to use a Linux environment on Windows. Search for “WSL” in the Microsoft Store, download an Ubuntu distribution, and open it to access a Linux terminal.
Configure GPU Access: You’ll need an NVIDIA driver to enable GPU access through WSL. To confirm GPU availability, use:
nvidia-smi
If this command shows GPU details, the driver is installed correctly. If not, download the necessary NVIDIA driver from their official site.
Install Necessary Tools:
C Compiler: Run the following commands to install essential build tools.
Completing these setup steps will prepare you to start working with the Unsloth library on a Windows machine using WSL.
Creating a Dataset for Fine-Tuning
A key component of fine-tuning is having a relevant dataset. For this example, we’ll create a dataset to train Llama 3.2 to answer simple math questions with only the numeric result as the answer. This will serve as a quick, targeted task for the model.
Generate the Dataset: Use Python to create a list of math questions and answers:
Load Dataset for Training: Once formatted, this dataset is ready for fine-tuning.
Setting Up the Training Script for Llama 3.2
With your dataset ready, setting up a training script will allow you to fine-tune Llama 3.2. The training process leverages the Unsloth library, simplifying fine-tuning with LoRA (Low-Rank Adaptation) by selectively updating key model parameters. Let’s begin with package installation and model loading.
After training, your model is now fine-tuned for concisely answering math questions.
Testing and Evaluating the Fine-Tuned Model
After fine-tuning, evaluating the model’s performance is essential to ensure it meets expectations.
Generate Test Set: Create a new set of questions for testing.
test_set = [create_math_question() for _ in range(1000)]
test_df = pd.DataFrame(test_set, columns=[“prompt”, “gt”])
test_df.to_pickle(“math_test_set.pkl”)
Run Inference: Compare responses from the fine-tuned model against the baseline.
test_responses = [] for prompt in test_df[“prompt”]:
input_data = tokenizer(prompt, return_tensors=“pt”).to(“cuda”)
response = model.generate(input_data[“input_ids”], max_new_tokens=50)
test_responses.append(tokenizer.decode(response[0], skip_special_tokens=True))
test_df[“fine_tuned_response”] = test_responses
Evaluate Results: Compare responses from the fine-tuned model with the expected answers to gauge accuracy. The fine-tuned model should provide short, accurate answers aligned with the test set, verifying the success of the fine-tuning process.
Fine-Tuning Benefits and Limitations
Fine-tuning offers significant benefits, like improved model performance on specialized tasks. However, in some cases, prompt tuning (providing specific instructions in the prompt itself) may achieve similar results without needing a complex setup. Fine-tuning is ideal for repeated, domain-specific tasks where accuracy is essential and prompt tuning alone is insufficient.
Conclusion
Fine-tuning Llama 3.2 enables the model to perform better in targeted domains, making it highly effective for domain-specific applications. This guide walked through the process of preparing, setting up, training, and testing a fine-tuned model. In our example, the model learned to provide concise answers to math questions, illustrating how fine-tuning modifies model behavior for specific needs.
For tasks that require targeted domain knowledge, fine-tuning unlocks the potential for a powerful, specialized language model tailored to your unique requirements.
FAQs
Is fine-tuning better than prompt tuning for specific tasks?Fine-tuning can be more effective for domain-specific tasks requiring consistent accuracy, while prompt tuning is often faster but may not yield the same level of precision.
What resources are needed for fine-tuning Llama 3.2?Fine-tuning requires a good GPU, sufficient training data, and compatible software packages, particularly if working on a Windows setup with WSL.
Can I run fine-tuning on a CPU?Fine-tuning on a CPU is theoretically possible but impractically slow. A GPU is highly recommended for efficient training.
Does fine-tuning improve model responses in all domains?Fine-tuning is most effective for well-defined domains where the model can learn specific behaviors. General improvement in varied domains would require a larger dataset and more complex fine-tuning.
How does LoRA contribute to efficient fine-tuning?LoRA reduces the memory required by focusing on modifying only essential parameters, making fine-tuning feasible on smaller hardware setups.
The Fifth Circuit Court’s ruling on Tornado Cash on Wednesday has triggered widespread optimism, with decentralized protocols on Ethereum and privacy-focused tokens seeing significant gains.
On Tuesday, the court found that immutable smart contracts aren’t property and can’t be sanctioned under existing laws, signaling what some observers claim as a major win for privacy advocates.
“While the ruling does not endorse money laundering, it establishes a precedent allowing programmers to develop and release smart contract protocols without fear of sanction, provided they do not charge fees,” 10X Research said in a note to investors on Wednesday.
The move could also provide developers with more clarity about what they can build without falling into the regulatory crosshairs, particularly on Ethereum, which plays host to the majority of decentralized applications.
“Privacy won. Smart contracts won. Tornado Cash won. And OFAC lost,” Balaji Srinivasan, Coinbase’s former CTO and prominent crypto entrepreneur,said Wednesday on X, formerly Twitter.
Crypto markets immediately took inspiration from the news: TORN, Tornado Cash’s native token, surged over 380% early Thursday.
While privacy coins as a category have since tapered off to less than 2% in total gains over the past 24 hours, decentralized finance’s market cap has jumped 8.2% and a further 21.5% on the week, data from CoinGecko shows.
Among the largest gainers is Uniswap (UNI), up 11% on the day to an eight-month high just above $12.50. Aave (AAVE) and Ethena (ENA) have also hit their strides, up 8.6% and 23%, reaching their highest point in 2.5 years and five months, respectively.
“As Ethereum remains the leading blockchain for DeFi, this decision is viewed positively for the broader DeFi ecosystem and other protocols, particularly on the Ethereum network. This could have enormous implications,” 10X Research wrote.
The ruling’s scope remains specific to immutable smart contracts without administrative control. Projects with upgradeable contracts or centralized elements could still face regulatory scrutiny.
As a type of crypto mixing platform, Tornado Cash falls under this scope, though not as a whole. Notably, the Fifth Circuit has only considered its definition of control in terms of its function “at the smart contract level.
The case now returns to a district court for another look under the Fifth Circuit’s interpretation.
Meanwhile, Alexey Pertsev, the Tornado Cash developer found guilty by a Dutch court in May over a money laundering case, remains behind bars.
“I am sad to announce that, despite our best efforts, the court decided to prolong my pre-trial detention,” Pertsev said on Twitter last week. “This decision significantly complicates my ability to prepare for the appeal, but I remain determined to continue fighting for justice.”
Edited by Sebastian Sinclair
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Kim Kardashian has clarified that she wasn’t paid for her controversial Tesla Optimus robot photoshoot.
The reality TV star left fans divided last week after sharing sultry snaps of herself and a gold Tesla robot in a cybercab, with many wondering if she was paid to promote Elon Musk’s products.
Kim Kardashian has already made it quite clear that she is a big fan of Tesla products, seeing as she swiftly purchased a Cybertruck upon its release and, very recently, a Tesla robot.
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Kim Kardashian Denies Being Paid To Take Photos With Telsa Robot
In an interview with the New York Times, Kardashian’s publicist clarified that the reality star wasn’t paid for her recent photoshoot featuring Tesla’s $30,000 gold Optimus robot, which she shared with her massive audience of 359 million Instagram followers.
This comes after Kardashian, who has been spotted at various events with Tesla and SpaceX CEO Elon Musk previously shared images of her Tesla Cybertruck on social media.
Earlier this month, the SKIMS founder gave her followers a closer look at the Optimus Robot, engaging with it in a playful video.
“Hi! Can you do this? I love you?” she asked, as the robot formed a heart shape with its hands in response. Impressed, she exclaimed, “Wow!” before adding, “OK, what should we do now? Let’s go for a run!”
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In another video, Kardashian showed off a gold version of the black-and-white robot, claiming, “Only one gold one exists.”
However, while Kardashian’s representative denied that she was paid for her attention-grabbing social media posts, the newspaper remains skeptical about the claim.
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Fans Were Left Confused After Her Photoshoot With The Robot
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The SKIMS founder’s posts with the gold Tesla robot left many scratching their heads, wondering why she took the photos with the exclusive product.
One person wrote at the time, “Sorry Kim, you’re not gonna normalize this weird behavior for us. We don’t want this!”
Another asked, “Why is she sexualizing a robot?” while a third person noted, “There’s something super uncomfortable about this.”
“We don’t want this. Let’s not normalize this,” another fan of the reality TV star commented.
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Kim Kardashian Was Recently Given A Fit-It Ticket In Her Cybertruck
Kardashian has long been a fan of Musk’s products, often seen driving custom vehicles, including the Cybertruck.
Recently, the billionaire had a minor run-in with the law while driving her Cybertruck along the Pacific Coast Highway.
According to TMZ, the reality star was pulled over by police due to her front windshield tint being too dark, violating California’s vehicle regulations.
The mother of four was reportedly given a fix-it ticket due to the violation. This was not Kardashian’s first time getting pulled over for having an overly dark windshield, as she had been warned by police in Calabasas back in 2013 for the same issue.
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The Reality TV Star Is ‘Pretty Much A Single Mom’
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Besides flaunting her wealth, it was recently revealed that Kardashian has been raising her kids alone while her ex-husband, Kanye West, has been MIA.
A source told People that she is “pretty much a single mom to them as the controversial rapper is “sadly not around very much.”
“Although she has help, it’s still a lot of work for her to balance and coordinate everything,” a source close to Kardashian shared, insisting that her life revolves around her children.
West and Kardashian tied the knot in Florence, Italy, in May 2014 but finalized their divorce in November 2022 after she filed for divorce in February of that year. They share four kids: North, Saint, Psalm, and Chicago.
Although they agreed to have joint custody with “equal access” to their children, the source noted that Kardashian will be seeing the kids more as she’ll continue having them for about 80%.
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Kim Kardashian Stuns On Set Of Ryan Murphy’s ‘All’s Fair’ In Bold White Ensemble
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Kardashian was recently spotted on the set of her latest project, “All’s Fair,” looking stunning while flaunting her legs in a striking ensemble for Ryan Murphy’s upcoming drama.
The show, which follows a high-powered divorce lawyer navigating L.A.’s elite, has Kardashian stepping into character in a chic white pantsuit and matching slit skirt that starts high on her waist.
According to photos obtained by TMZ, the bold cut put her toned, tan legs on full display, adding an eye-catching edge to her outfit.
The mom of four didn’t stop there as she paired the look with fishnet stockings and vibrant red heels, balancing professional poise with a touch of scandal.
Joining her on set was actress Niecy Nash, a Ryan Murphy favorite who’s been seen in hits like “Monster: The Jeffrey Dahmer Story” and “Grotesquerie” alongside Travis Kelce.
Kardashian, who made waves in the latest season of “American Horror Story,” seems to be cementing her place in Murphy’s television universe.
Fans can expect her latest project, “All’s Fair,” to hit screens sometime next year.
Bloober Team has been hitting it big with their latest title, a remake of Silent Hill 2. And already, they’re looking to the future.
Details on Cronos: The New Dawn have been scarce so far, but in a recent interview, they’ve shed light on the game’s combat system.
2:50
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Bloober Team New Horror Game “Cronos: The New Dawn” Reveal Trailer
Bloober Team has announced Cronos: The New Dawn – a brand-new sci-fi survival horror game set to be released in 2025.
Wojciech Piejko, Bloober Team’s Game Director for the project, is taking inspiration from other fantastic games in the genre – the likes of Alan Wake, Dead Space, and Resident Evil.
I can’t reveal much right now but in Dead Space you need to cut-off Necromorphs limbs, in Alan Wake you need to use a flashlight on enemies, and in Cronos you will need to.. wait to see it ;]
Piejko makes specific reference to some kind of special mechanic, something that’s been a core part of the identity of these games.
But in order to make a gimmick shine, you need a strong grasp of fundamentals, especially when “just gun down your enemies” is an option in the player’s toolkit.
To that end, Piejko lays out an example scene of how to create fear and tension without necessarily forcing a combat encounter.
In the interview with MP1st, he goes through the scene in intricate detail – but to summarize, it involves showing the threat of a big enemy, having the player hide from it in anticipation of a future encounter, and then simply not delivering the payoff – letting the tension hang in the air.
It doesn’t see you; you have already fought this type of monster, and it’s strong and challenging, so you sneak behind its back. You search the rooms and find the key—now it’s time to go back and pass the monster again. On your way back, you hear the banging again, but it suddenly stops. You check the corridor, and the monster is gone. Where is it?
While the details of Cronos: The New Dawn and its combat mechanics are scarce, Piejko hopes that the interview will give players a strong taste of what’s to come. The game currently has a broad “2025” release date.
Cronos: The New Dawn And The History Of Horror Encounter Design
Back in Ye Olden times, the way a lot of horror games handled gunplay was to make the player character slow and cumbersome to control. The “tank controls” in early Resident Evil titles are perhaps the best example of this, but they’re far from alone.
And to their credit, mechanics like that are fairly effective and make a lot of sense in the game’s story.
If you’re playing as an untrained civilian who’s just stumbled upon a pistol to fight back with, it makes sense that aiming would be unwieldy – the gun is likely as foreign to them as you are to the game.
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Remedy Admits They Might Have “Overdid” Alan Wake 2 Jump Scares
Alan Wake 2s game director admits they might have overdone the jump scares, but also explains why it’s there.
Lots of modern games, though, rely on cumbersome mechanics a bit less. The design DNA is still very much present, but when you’re filling the shoes of someone with firearms training (as several Resident Evils of the world do), designers have to cook up something else.
Piejko speaks of a player being fully immersed in a scene, where “survival instinct takes over”. The less control-fumbling you have to do, the more immersed you feel – at the cost of making players feel more powerful than the monsters they should be scared of.
Where control restrictions fail, encounter design succeeds. And those designs are the main focus of Piejko’s interview.
Overall, combat in Cronos is leaning towards RE and Dead Space areas but we are still storytellers at heart, so please also expect a strong emphasis on story and atmospheric exploration. The Traveler relies on suit, weapons and abilities, but is still very vulnerable to the monstrosities lurking in the ruins of an old world. You will be outnumbered, and you need to be careful to stay alive.
NEXT
Wait, Does Anyone Actually Want A Resident Evil 5 Remake?
RE2 and RE4 remakes were the treatment the originals deserved. But can we say the same about Resident Evil 5?
Fashion has always been a way for individuals to express themselves, and the world of men’s style is no exception. Over the years, many public figures have become known for their impeccable taste in clothing and their ability to always appear effortlessly put together. The most fashionable men showcase their unique style while setting trends and influencing others with their sartorial choices.
In this article, we will explore the most fashionable men of 2023 and discuss how their personal style has made an impact in the fashion world. From actors and musicians to athletes and influencers, these men have one thing in common – an undeniable sense of style that keeps them at the top of best-dressed lists year after year.
Be it on the red carpet, the streets of New York, or the halls of GQ, these dapper gentlemen are setting the standard for men’s fashion around the globe.
Most Fashionable Men in Hollywood
In the world of fashion, there are always a few individuals who manage to stand out and make a lasting impression. These are the most fashionable guys – the ones who effortlessly exude sophistication and elegance, and never fail to turn heads with their impeccable sense of style.
Whether they’re sporting a classic tailored suit, smart dress shoes or experimenting with bold patterns, these men always manage to look confident, polished and on-trend. With their refined tastes and sharp eye for detail, it’s no wonder that they are often hailed as icons of style and authority in the fashion world.
Timothée Chalamet
Timothée Chalamet continues to make waves with his daring and unique fashion choices. Known for his eclectic ensembles and bold patterns, he has proven his ability to challenge traditional menswear norms. Timothée’s creative approach to dressing has made him a standout among Hollywood’s fashion crowd.
Timothee Chalamet in a black evening suit
Brad Pitt
Brad Pitt has long been admired for his fashion sense. He wears clothes with a classic and timeless look that resonates with many fans. From his casual attire to his choice of suits for red-carpet events, Brad Pitt’s effortless style is always in the spotlight.
Brad Pitt in a chic grey suit
Daniel Craig
Daniel Craig, known for his dashing portrayal of James Bond, exhibits impeccable taste. This leading man is seen in elegantly tailored suits and timeless tuxedos, combining modern tastes with a touch of old-school glamour. Daniel Craig’s fashion choices are a perfect reflection of his suave on-screen persona.
Daniel Craig looking dapper
Jeremy Strong
Jeremy Strong’s style can be characterized as understated yet fashionable. Whether on screen or off screen, he is often seen wearing well-fitted suits and quiet luxury ensembles. Jeremy often opts for brown pieces, and describes his style as monastic chic.
His knack of combining formal and casual wear showcases his impressive personal style. Jeremy’s expert mix of classic and trendy pieces demonstrates his keen eye and fashion sense.
Jeremy Strong attends the Virtuosos Award presentation
Jeff Goldblum
Jeff Goldblum is a true icon when it comes to fashion. Often seen wearing bold prints, loud colors, and avant-garde designs, Goldblum has a unique aesthetic that sets him apart from the rest. His fashion sense is a perfect mix of eccentricity and sophistication, making him an undisputed trendsetter among men.
American actor and musician Jeff Goldblum wearing Prada
Chris Hemsworth
Chris Hemsworth’s fashion sense leans towards the casual and sophisticated. With his clean-cut ensembles and well-fitted suits, Hemsworth manages to look polished and stylish both on and off the red carpet. His versatility and adaptability in the world of fashion make him a true style icon in Hollywood.
Chris Hemsworth in an Etro paisley suit
Iconic Male Style Icons in Sports
LeBron James
LeBron James, one of the greatest basketball players of all time, has consistently showcased his unique fashion sense both on and off the court. Over the years, this trendsetting male has crafted a sophisticated style, regularly mixing tailored suits with leather jackets and sportswear pieces. LeBron’s partnerships with top brands such as Nike and his own clothing line “UNKNWN” make him a true style icon in sports.
The NBA star’s outfits illustrate his confident and knowledgeable approach to fashion, with a clear and neutral tone that complements his athletic stature. LeBron also pays homage to his sports roots through bold, graphic sneakers, vibrant t shirts and branded accessories.
American professional basketball player LeBron James
David Beckham
Former English footballer David Beckham has long been known for his impeccable sense of style in addition to his success on the pitch. Off the field, Beckham’s fashion preferences have significantly evolved over the years, from experimenting with different hairstyles to becoming a sophisticated, well-groomed style icon.
His look embodies a confident and neutral approach, demonstrated through his tailored suits, smart casual outfits, and expert grooming habits. Whether it’s through sharp tailoring, casual athleisure wear, or fashion collaborations, Beckham consistently showcases an excellent sense of style that transcends his athletic career.
David Beckham in formal wear
Most Stylish Male Musical Artists
Harry Styles
Harry Styles, the former One Direction member and now solo artist, has become a fashion icon in his own right. With his distinctive wardrobe choices, Harry effortlessly combines classic and contemporary styles.
He is often seen wearing wide-leg trousers, printed shirts, and suits in vibrant colors and patterns. His personal style also consists of gender-fluid fashion elements, frequently sporting heeled boots, lace detailing, and pearl necklaces. A natural risk-taker, Styles consistently pushes the boundaries of traditional menswear.
Harry Styles wearing an Edward Sexton pink suit
Lil Nas X
Lil Nas X, a Grammy Award-winning artist, is known for his daring and innovative approach to fashion. Since the release of his chart-topping hit “Old Town Road,” Lil Nas X has been making headlines with his unconventional and bold outfit choices.
He is not afraid to play with bright colors, textures, and avant-garde designs, as well as dark denim and tie dye.
Lil Nas X often collaborates with luxury brands for his eye-catching ensembles. His fearless fashion choices make him a standout in the industry and an influential figure for fans to follow.
Lil Nas X – CC BY 3.0 via Wikimedia Commons
Diplo
Diplo, an American DJ, songwriter, and record producer, has been making waves in the music industry for years. His personal style can be described as eclectic and versatile.
Diplo is known for experimenting with different looks, from streetwear and athleisure to more formal attire, effortlessly blending various fashion trends. He often dons statement accessories like bold sunglasses and unique hats, showcasing his confident and adventurous sense of style.
Diplo wearing a white suit and cowboy hat
Male Fashion Industry Icons
Nick Wooster
Nick Wooster is a trailblazing trendsetter in the world of men’s fashion. This American fashion consultant has gained a huge following on social media platforms for his impeccable style and fashion sense.
Wooster has become a style inspiration, providing unique and bold styling tips to men across the world. Whether it is his crisp suits, daring accessories, or effortlessly cool streetwear, this male trendsetter knows how to make a statement with his wardrobe. He has become a benchmark for the fashion-forward man.
Nick Wooster attending a GUCCI fashion show
Tom Ford
This iconic American fashion designer is admired and emulated for his sophisticatedly simple looks, which often combine classic pieces with contemporary design twists. Whether it is his iconic tapered suits, statement eyewear, or his signature high-collared shirts, everything about Ford’s look sends a message of style, confidence and class.
His eye for design extends not only to his clothing but also to his lifestyle, with his impeccably decorated homes and high-end personal accessories that complement his wardrobe perfectly.
Tom Ford is one of the most fashionable men
Fashion Capitals for Men
When talking about fashion capitals for men, three cities stand out for their immense influence and impact on masculine style: Paris, New York, and London.
Paris is undeniably one of the top fashion capitals in the world, known for its high-end French brands and designer labels such as Louis Vuitton. The city is a haven for those seeking the latest trends and innovative designs in menswear.
This elegant metropolis sets the bar high for sartorial excellence, hosting prominent fashion shows like Paris Men’s Fashion Week, which showcases the best of men’s fashion from both established designers and up-and-coming talents.
New York is another powerful force in the world of fashion. The diversity of styles and cultures in this bustling city contributes to its extensive range of menswear options.
From the high-end boutiques of Fifth Avenue to the stylish streetwear found in Soho, New York offers a variety of fashionable choices for men. Additionally, New York Fashion Week: Men’s showcases the newest styles and trends, solidifying the city’s place among fashion capitals.
Some other notable cities that contribute immensely to men’s fashion include:
Antwerp: Known for its avant-garde designs and creative approach to fashion, Antwerp is a rising star in the world of menswear fashion designers. The city’s strong focus on haute-couture credentials makes it a promising alternative fashion capital.
Zagreb: An underestimated country when it comes to fashion, Croatia is slowly gaining recognition for its stylish menswear. With its unique street style, the capital city of Croatia displays a combination of traditional and contemporary designs, reflecting the nation’s commitment to fashion.
Milan: As one of the undisputed fashion capitals, Milan specializes in luxurious brands and is home to numerous famous designers. The city offers a wide range of menswear options, from tailored suits to casual streetwear.
With such a diverse array of fashion capitals, men can stay on top of the latest trends and find their unique style in these prominent cities.
Todd Snyder fashion show during New York Fashion Week
Tips on How to Look Fashionable for Men
When it comes to making a statement in the world of men’s fashion, fearless choices often define the trends that set the most stylish men apart from the rest. Embracing bold cuts, futuristic accessories, unconventional fabrics, and innovative designs, these men are unafraid to take risks and redefine the boundaries of their personal style.
A confident and knowledgeable fashion enthusiast understands the importance of choosing the right cuts and silhouettes to accentuate their features. For instance, tailored suits with sharp lines and form-fitting structures can highlight a man’s shoulders and waist, exuding poise and self-assurance. In contrast, oversized jackets and relaxed trousers have also made waves, showcasing a carefree and dynamic approach to dressing up.
In terms of fabrics, experimenting with unconventional materials can instantly elevate a man’s wardrobe. From eye-catching prints and textures to environmentally conscious choices like organic cotton or vegan leather, these materials offer new ways to express one’s personality. Sporting a statement piece, whether it’s a luxurious velvet blazer or a bold patterned shirt, is a clear reflection of fearless fashion choices.
Men’s fashion has also seen a surge in the blending of traditionally crafted garments with contemporary elements. Mixing classic staples, like a well-fitted suit, with streetwear-inspired pieces such as sneakers and graphic tees, showcases a neutral and modern approach to dressing that appeals to various tastes.
A fashionable men’s outfit
Frequently Asked Questions about the Most Fashionable Men
Who won GQ’s Most Stylish Man of the Year in 2022?
In 2022, GQ readers voting on Instagram awarded the prestigious title of Most Stylish Man of the Year to Shai Gilgeous-Alexander. The Canadian professional basketball player is a highly fashionable individual known for his impeccable taste and unique looks. He wore Thom Browne to the Met Gala 2023 and walked the runway in Paris for the same designer.
Best dressed man Shai Gilgeous-Alexander
Which celebrities have been the best dressed throughout history?
Throughout history, various celebrities have been celebrated for their impeccable fashion sense and timeless elegance. Some of these best dressed men include:
Beau Brummell, the original dandy in Regency Britain.
Muhammad Ali, a bold dresser whose fashion sense was as impressive as his athletic ability.
Cary Grant, known for his quiet swagger.
Marcello Mastroianni, who became a fashion icon of the 60s.
Steve McQueen, who exuded classic masculinity and coolness.
Yves Saint Laurent, known for his dramatic and bold designs that embodied elegance and sophistication.
Sidney Poitier, who has continually demonstrated a versatile fashion range, from casual to formal wear.
Ryan Gosling, with his perfect balance of classic and modern styles.
These are just a few examples of celebrities who have left a lasting impression on men’s fashion. There are countless other personalities who have also inspired and shaped the way men dress through the decades.
Actor Cary Grant
Final Thoughts on the Most Fashionable Men in the World
These adventurous choices in men’s fashion demonstrate that a unique look is not solely confined to the red carpet or runway. There are many styles that work well in the boardroom, for formal occasions or more casual outings.
With unique designer pieces and carefully chosen accessories, you can create an eye-catching ensemble that expresses your personality with style. Whether it’s a printed shirt with slim fit trousers, or a long coat paired with colorful sneakers, there are endless ways to make a statement. Check out our article on how to dress to look tall and slim for more men’s fashion tips.
By confidently embracing unique cuts, fabrics, and designs, today’s most fashionable men make bold statements that leave lasting impressions and set new standards for the ever-evolving world of style.
“Cobra Kai” has always been more than a bit inspired by sports anime. The legacy sequel TV show is set in a heightened reality where karate is the ultimate rule of law, where teenage karate gangs terrorize the San Fernando Valley and the cops are powerless to stop them. This is a world where every feud and every transgression is resolved only through a karate tournament.
It makes sense, then, that the entire three-part final season of the show would focus on a tournament arc — the ultimate sports anime trope. Enter the Sekai Taikai, the worldwide karate tournament involving every major karate dojo in the world. In part 2 of the final season of “Cobra Kai,” the Sekai Taikai has made for some delightful drama, like the return of the franchise’s ultimate big bad, Terry Silver, and a surprising contestant death.
With how much attention is being given to the tournament, many fans are wondering whether reality is meeting fiction here. Is there a real Sekai Taikai, and how true-to-life is the portrayal in “Cobra Kai?” Grated, it’s not like “The Karate Kid” franchise is renowned for its accuracy to the karate scene in the Valley, but things have changed since 1984.
Is the Sekai Taikai real?
Netflix
Sorry to disappoint, but the Sekai Taikai isn’t a real tournament, at least not in the way shown on “Cobra Kai.” That being said, the idea of an international karate competition is true to the real world. There’s the Karate World Championships, a global karate event held every two years, with the first edition taking place in Tokyo in 1970 and the most recent one taking place in Budapest in 2023.
Much like the Sekai Taikai, there are different events in the competition and contests for both men and women. Unlike the Sekai Taikai, however, there actually is a big Japanese presence in the Karate World Championships (which makes sense since the martial art was birthed there, something “Cobra Kai” somehow conveniently forgets). Also unlike the reveal that Mr. Miyagi killed some guy during a fight in the Sekai Taikai, there doesn’t seem to be any history of people dying on the mat at the Karate World Championships.
Even if “Cobra Kai” isn’t an exact portrayal of our reality, that doesn’t mean it can’t have an impact. “The Karate Kid” was responsible for karate becoming hugely popular in the United States in the ’80s, so perhaps “Cobra Kai” can make more people interested in the Karate World Championships.
I’m A Celebrity fans were left applauding Melvin Odoom over his nickname for Dean McCullough.
BBC Radio 1 DJ Dean has ruffled plenty of feathers in the jungle so far. And during the latest instalment on Wednesday (November 27), things took an awkward turn when he clashed with campmate Melvin.
And Melvin soon conjured up an epic nickname for Dean that fans have dubbed the “quote of the series.”
Dean’s ruffled a few feathers already (Credit: ITV)
I’m A Celebrity Dean McCullough and Melvin clash
During the I’m A Celebrity episode, Melvin and Dean were not too happy with their chore allocation: water duties.
Going back and forth to collect, carry and boil water, tensions started to rise as Melvin said of Dean: “It’s almost like another chore to ask him to help… it’s like telling a kid to tidy up his bedroom.”
Later that day in camp things took an awkward turn when Melvin – who continued with his water duties – realised Dean was nowhere to be seen. Melvin told his fellow campmates: This is a lone-man situation, he’s very good at disappearing.”
The pair clashed (Credit: ITV)
Melvin reveals nickname for Dean on I’m A Celebrity
Later, and carrying one pot of water back to camp, Dean told his fellow campmates: “That is no joke, the pot is so heavy.”
He added: “I hate doing the water guys I’ve said it, I’m just gonna have to hold my hands up, it’s an awful job and I hate it, and I don’t wanna do it anymore. Guys I can’t, it’s not for me!”
Listen, your new name is Houdini because you like to disappear!
Melvin then encouraged Dean to carry on fetching water with him, and the camp told him to adopt a positive attitude. But Dean said: “Look, no beef, no drama, I just hate my job!”
Coming up with Dean’s new nickname, Melvin joked: “Listen, your new name is Houdini because you like to disappear!”
Melvin’s nickname left fans in tears of laughter (Credit: ITV)
I’m A Celebrity fans react to Dean’s nickname
Melvin’s nickname Houdini went down a treat with I’m A Celebrity watching the show at home.
The quote of the series
Rushing over to X, one person said: “Oh my days I literally HOWLED with laughter at Melvin’s line there. So so funny and true.”
A second wrote: “Melvin: YOUR NAME IS HOUDINI BECAUSE YOU LIKE TO DISAPPEAR. The quote of the series.”
A third penned: “I’m sorry but Houdini AKA Hou-Dean-i will never get enough credit as a quality joke.” Someone else proclaimed: “@Melvinodoom calling @thedeanlife Houdini is the most hilarious [expletive] I’ve ever heard! Like honestly I have to agree with him, Dean’s new name is Houdini.”
Read more: Mum of I’m A Celebrity star Dean McCullough hits out at Ant McPartlin over comments
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