Our globe has seen countless historical shifts and transformations in technology domains in the past, all of which have aided in the development and advancement of human existence. In the same vein, the term ‘Metaverse‘ has now been added to the list as the most recent technological advancement. The Metaverse is a notion for a virtual world that will be available in virtual reality (VR). People will be able to connect, communicate, and build their businesses in a whole new way in the metaverse, thanks to the newest virtual reality and augmented reality technologies. Working from home would become more advanced. People who work online from anywhere in the world could potentially meet up with their coworkers in the metaverse in their virtual form. And this technology has only started to spread its branches.  While the concept of the metaverse as a virtual mirror of the real world may appear exaggerated and largely fictitious, several key players have begun to experiment with the use of virtual spaces for the visual arts, pushing the boundaries of how digital and physical art can be discovered, viewed, shared, and experienced to new heights. Metaverse and the Art World The metaverse is increasingly extending its linkages with the traditional world of high-end art, NFTs, and the metaverse. Sotheby’s (the Fine Arts Company) Metaverse, the auction house’s new platform developed particularly for digital collectors and including NFTs curated by art experts, was just launched. Following partnerships with crypto artists and collectors, this is Sotheby’s newest foray into the digital art world. The issue around non-fungible token art was thrust from relative obscurity into the spotlight after digital artist Beeple sold his everyday piece for $69.3 million in March 2021. The boom has benefited artists all around the world, allowing them to get access to lucrative new prospects through a worldwide audience while avoiding the conventional gatekeepers of the commercial art industry and instead of forming direct relationships with their collectors. Artists now have extraordinary digital property rights thanks to the ability to mint their creations as NFTs, with blockchain-enabled smart contracts allowing them to collect a pre-programmed and automatic royalty on any future sales of their work via secondary marketplaces. Since 2008, digital work has been around and grabbing attention, and the metaverse has just added another exponential layer on top of that. Several individuals are being hired here to work on constructing metaverse games, which reminds me of the early days of the internet when people were jumping at the chance to work on dot-com ventures. And that’s only one component; folks are also finding success by remaining independent and developing their own NFT initiative. What is Meta’s Vision For Virtual Art? The company formerly known as Facebook has recently been subjected to a great deal of scrutiny. Unfortunately for Zuckerberg and his colleagues, their virtual art concept is doomed from the start. Many critics argue that the company’s vision of the future of digital art is too narrow and simplistic, despite the company’s recent release of a film encouraging viewers to ‘enter a realm of creativity with Meta and explore endless possibilities in 3D.’ Even the biggest skeptics, as ArtReview’s Orit Gat put it, can’t help but be attracted by the themes in Meta’s video. He said:  “A young woman walks through a museum and stops by a Henri Rousseau painting, Fight between a Tiger and a Buffalo (1909), only to get sucked into the painting and see it turn into something closer to Where the Wild Things Are: an animated tiger asserts ‘This is the dimension of imagination,’ while toucans and flamingos bob away to the beat.” The Door of Opportunities For Artists The computerized world provides artists with their laboratories to investigate various aspects of online personas and genuine identities. Even actual works of art have made their way into the digital sphere. Many artists used the Nintendo Switch’s Animal Crossing: New Horizons to turn their virtual homes into makeshift galleries during the early months of the pandemic, using a gaming function to digitize photographs of their artworks into pixelated images that could be arranged to look like canvases on the walls.

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Amid bank freezes and ATM overruns, one Ukrainian escaped with his wealth in bitcoin and is now fighting Russia on his own terms.

Why is Lost Recipes the perfect blueprint for educational experiences in virtual reality? We spoke to Melanie Hawke from Schell Games to find out.

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   The world of cryptocurrencies has come across yet another event in Ripple’s long-standing legal brawl with the SEC. This has taken partisans of the crypto firm by storm, as a result, folks are now thrilled for future proceedings. The enthusiasm comes as the defendants file their opposition to the SEC’s motion for partial reconsideration and …

Bitcoin mining pools rely on centralization, but P2Pool and other protocols have sought to reduce the need for trust in third parties.

Russia is waging war against Ukraine and economists worldwide are trying to keep their heads above the water. As the crypto market reacts to these political ruptures, a new investor might be wondering whether they should be fearful or greedy. To that end, some crypto traders and analysts have shared their opinions. Don’t MESS-ari with […]

Ethereum co-founder Vitalik Buterin says he “welcomes” another crypto winter, noting that bear markets have coincided with the development of more sustainable projects.  Speaking in an interview with Bloomberg, Buterin argued that the crypto industry could benefit from what appears to be an emerging bear market, known as a “crypto winter.” Buterin said his views […]

Join ESTNN's Lahftel on a day of misadventure in FromSoftware's latest release. Elden Ring is finally here. Even with a…

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We can’t allow failures of the past to come creeping back into the DeFi future — let’s stop the flash bots dead in their tracks.

Satish Kumbhani remains at large, according to the Department of Justice.

A federal grand jury has indicted BitConnect founder Satish Kumbhani with allegedly defrauding $2.4 billion through the crypto Ponzi scheme.

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Using cryptocurrencies instead of US dollars would be a violation of sanction agreements

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