TLDR

The Sandbox and Food Angel have launched ‘Food Rescue World’, a gaming experience in The Sandbox metaverse to raise awareness about food conservation and help those in need.

Players can complete virtual quests to understand the food rescue process and earn coupons from local partners to directly support Food Angel’s initiatives.

Food Angel rescues 45 tonnes of edible surplus food each week, producing over 20,000 nutritious meals and distributing over 11,000 meals and food packs daily.

The Sandbox supports various charitable causes worldwide, and Food Angel joins organizations such as UNICEF, the French Red Cross, Nori, and WeForest.

The partnership showcases the potential of “Metaverse for Good”, where virtual worlds are used to make a significant impact on real-world charitable causes.

The Sandbox, a prominent decentralized gaming virtual world and subsidiary of Animoca Brands, has joined forces with Food Angel, a Hong Kong-based charity, to launch the Food Rescue World gaming experience within The Sandbox metaverse.

This groundbreaking partnership, announced on May 31, 2024, marks Food Angel as the first social enterprise or non-governmental organization (NGO) in Hong Kong to venture into The Sandbox, highlighting the potential of using virtual worlds to make a tangible impact on real-world charitable causes through the “Metaverse for Good” initiative.

In celebration of World Food Rescue Week 2024, players are encouraged to explore Food Rescue World within The Sandbox and assist Food Angel’s mascot, Rice Boy, in completing a series of virtual quests.

These quests involve collecting surplus food from markets, processing it in a central kitchen, and distributing meals to underprivileged families.

Through this immersive metaverse experience, players gain a deeper understanding of the food rescue process while raising awareness about the importance of food conservation and sharing surplus food with those in need.

By successfully completing all quests in Food Rescue World, players can earn coupons from local partners Lalamove and Maxim’s, enabling them to directly support Food Angel’s initiatives.

Ms. Gigi Tung, founder of Food Angel, expressed her enthusiasm for the collaboration, stating,

“By utilizing the power of the metaverse to expand our reach to the next generation, we hope to build a deep collaboration with The Sandbox. This innovative approach provides a new way to promote and ensure a sustainable future for our cause.”

The Sandbox Hong Kong team, along with their Trusted Partners GoGoBox and Chord Hero, recently visited Food Angel’s kitchen to prepare food ingredients and meal boxes, fostering a hands-on collaboration that bridges virtual and real-world efforts.

Food Angel, launched in 2011 by the Bo Charity Foundation, operates a food rescue and food assistance program with the mission of “Waste Not, Hunger Not, With Love”.

The program rescues edible surplus food from various sectors of the food industry that would otherwise be discarded as waste.

Following strict safety protocols, the rescued food items are prepared as nutritious meals in central kitchens and distributed as food packs to underprivileged communities in Hong Kong. Currently, Food Angel rescues 45 tonnes of edible surplus food each week, producing over 20,000 nutritious meals and helping distribute over 11,000 other meals and food packs daily, free of charge, to those in need of food assistance.

The Sandbox, a subsidiary of Animoca Brands, is an immersive metaverse platform that allows users to play, create, and monetize unique experiences alongside their favorite brands, IPs, and celebrities across various aspects of culture.

The platform leverages Web3 technologies to enable end-user creation and creator economies, providing both players and creators with true ownership of their assets, creations, and rewards in the form of non-fungible tokens (NFTs).

As Sebastien Borget, co-founder and COO of The Sandbox, stated,

“We are proud that The Sandbox team, creators, and players can get involved in Hong Kong Food Angel and make a difference in the lives of local people in need by taking part in the Food Rescue World experience.”

The post Food Rescue World: Blending Gaming and Charity in The Sandbox Metaverse appeared first on Blockonomi.

Malta, Malta, May 29th, 2024, Chainwire

AIBC Asia conference will take place his June 4th and 5th at the SMX Convention Centre in Manila. Household names from the sports and entertainment industries will join an all-star lineup of speakers.

Three panels scheduled for the opening day of the conference will explore the intersection of sports and tech, showcasing how Web3 solutions and cutting-edge tech, such as AI and blockchain, are disrupting the traditional sporting world. 

Josh Yugen, CEO of Yugen Group, Michele Gumabao, a well-known Filipino volleyball player with the Creamline Cool Smashers, Sabrina Co, CEO of ATIN Perfume, and Richard Armstrong, a media creator and Venture Partner at TA Ventures, will tackle head on the tech trends dominating sports, media, and entertainment.

Meanwhile, President and CEO of United City FC, Eric M. Gottschalk, and Samir Ceric, COO of Blocksport Blocksport’s COO and United City FC’s CEO will engage in a discussion, moderated by AIBC’s MD Olga Yaroshevsky, on why Web3 matters and how football clubs both in South East Asia, as well as globally (off the back of forward thinking clubs such as Juventus FC & Paris Saint-Germain FC), can leverage blockchain technology for the benefit of fans and clubs, as well as sponsors and partners that today expect a great deal more from their sponsored properties when it comes down to their own ROIs. 

“Web3 matters, there are no two ways about it”, says Samir Ceric, COO of Blocksport. 

“Our solution – Web3 Made Easy – is designed to educate and empower those making decisions in the world of football and in the world of sport as a whole. I sincerely hope that the audience in Manila will appreciate our holistic approach to Fan Engagement and Web3 education. I am very much looking forward to the session on 4 June, 2024 and am thankful to AIBC for recognising the real need to introduce the multiple sessions on web3 & sport, including the one with Mr. Eric Gottschalk, President and CEO of United City FC and myself!”

This is followed by a deep dive into how the Metaverse and gaming elements are shaping the world of traditional sports. Well known industry faces and co hosts of the popular LetItFly sports podcast, Jared Dilinger, a Filipino-American professional basketball player for the Barangay Ginebra San Miguel of the Philippine Basketball Association (PBA), and CEO of Daredevil Media, George Wong from The Sandbox, Tin ‘Suzy’ Gamboa, a radio DJ for Magic 89.9, and Gabe Norwood, a basketball veteran for PBA, join the panel.  

Speaking to SiGMA News ahead of the event, Jared Dillinger commented that “Sports and blockchain coincide quite well with each other, in fact, once blockchain appears invisible to the consumer, we will see a surge in both industries.”

AIBC Asia 2024

AIBC Asia takes place over the 4th and 5th of June at the SMX Convention Center in Manila. The 2-day conference brings industry leaders, visionaries, and innovators together to explore the latest trends, exchange insights, and shape the future of emerging technology. Attendees can join us in exploring the forefront of innovation and navigating the boundless possibilities to redefine the landscape of this dynamic industries. To purchase a ticket or to view the full agenda, users visit our website.

Disclaimer. This is a paid press release.

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The post With A Comeback For Metaverse Tokens, Is A Bull Run At Hand?  appeared first on Coinpedia Fintech News

With the meme coin sector making waves, the different sectors in the crypto world are gradually finding demand for a comeback this year. In a similar condition, the Metaverse tokens are starting to accelerate and tease a bull run at hand, teasing an altseason’s arrival. 

With the anticipation of a bull market like 2021, the metaverse tokens are on the verge of massive gains this week. So, let’s have a look at the technical price charts of high-performing metaverse tokens like the High Street, Decentraland, and Gala to find out their possible bullish targets.

Rounding Bottom In Highstreet Metaverse Token  

With a 50% surge within 5 days, the HIGH token price trend shows a massive surge in the bullish momentum. Further, the metaverse token shows a rounding bottom reversal in the weekly chart. 

TradingView

The bull run in the metaverse token surpasses the 78.60% Fibonacci retracement level. This increases the possibility of a bull run for a new all-time high this week. 

As per the Fibonacci levels, the breakout run can find resistance at the $7.260 mark. However, a breakout rally might push the token higher to the $11.225 mark, surpassing the $10 psychological mark in June. 

Trendline Breakout Gala Price Eyes 50% Surge

Amidst the broader market recovery, the sideways trend in the GALA token price projects a potential uptrend. The metaverse token shows a trendline breakout rally but struggles to gain momentum as it goes sideways under the 50D EMA. 

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As the dynamic resistance 50D EMA declines, the possibility of a death cross increases. Further, the 3.82% intraday drop undermines the possibility of a trend reversal. 

However, improving underlying sentiments could boost the metaverse token price to $0.061, which is the 50% Fib level.

Will MANA Price Reverse The Death Cross?

Following a death cross in the daily chart, the MANA price shows a sideways trend under the 50D EMA. However, the recent surge from the $0.40 mark shows a bullish revival aiming for a trend reversal. 

TradingView

Currently, the MANA price trades at $0.4481, with an intraday drop of 4.40%. However, the bullish trend in the MACD and signal lines bolsters the possibility of a bullish trend. 

As per the Fibonacci levels, the MANA price could reach the $0.5867 mark or the 50% Fibonacci level if it surpasses the 23.60% level at $4850.  

The rally in the world’s third-largest meme token PEPE seems to be unstoppable. In the last 24 hours, the PEPE Coin value has surged by another 12% extending its weekly gains to more than 80%. Meanwhile, Mallconomy is becoming the ultimate multidevice Metaverse hub.

PEPE Coin Hits New All-Time High 

At the writing time the PEPE price is trading at $0.0000166 with its market cap crossing $7 billion hitting a new milestone. The recent rally in PEPE comes amid huge investor interest as the daily trading volumes have skyrocketed past $2.56 billion.

coinmarketcap

PEPE has become the third-largest meme token, following Dogecoin and Shiba Inu, to reach a significant milestone. The token has not only outperformed rival memecoins but also surpassed the broader cryptocurrency market, achieving a 135% gain over the past month. Year-to-date, the Ethereum-based cryptocurrency has delivered a 12x return to its holders.

This rally has attracted the attention of wealthy investors. On-chain tracking platform Spot On Chain reported that a whale withdrew 1.32 trillion PEPE tokens from Binance over the last five days. At the current price, this whale’s PEPE portfolio has generated a 21% return.

What’s Behind PEPE Price Surge?

PEPE’s recent stellar performance aligns with the optimistic sentiment in the cryptocurrency industry following the approval of spot Ethereum ETFs.

Pepe’s value action remains bullish as buyers resist efforts to drive the price down. Strong support has formed around the $0.00001380 level, which has been tested twice. Additionally, PEPE is establishing higher lows and higher highs, indicating a rising uptrend. The value is also trading above the 50-day and 200-day simple moving averages (SMA), further reinforcing the bullish outlook. PEPE is poised for further rallying, with on-chain analysis firm Santiment reporting a surge in active addresses holding PEPE from 3,600 to 12,000 between May 21 and May 22. A similar increase in PEPE-holding wallets was observed in mid-May.

Mallconomy: The future of shopping in the metaverse

Launched in 2022, Mallconomy is a creator economy pioneer with an ambitious vision: to create the most engaging and expansive shopping hub in the metaverse. It’s a win-win for everyone involved; brands showcase their products in a fresh, interactive way while shoppers enjoy browsing as they would in a physical store—all from the comfort of their own homes.

Mallconomy supports browsing across multiple devices, including PCs, mobiles, and even smart TVs, with apps expected to debut in December 2024. But browsing is also rewarding: Mallconomy offers a Browse-to-Earn scheme where users earn WOOT tokens for nearly every action they take within the metaverse.

Mallconomy and Intelligent Virtual Sales

One thing you won’t find in a regular brick-and-mortar store is Mallconomy’s ChatGPT-powered Ready Player Me avatars, intelligent virtual sales assistants that provide round-the-clock support. Likewise, MallCard NFTs offer a wide range of perks, from dividends and referral kickbacks to exclusive access to a Tinder-like launchpad and early entry to land sales within Mallconomy’s metaverse.

With its presale just getting underway, Mallconomy presents a stellar investment opportunity. WOOT tokens are currently worth $0.00274, with over $100,000 already raised. But here’s the exciting part, the prices are set to rise regularly, offering early investors a significant edge. Don’t miss out on this chance to invest in the future of e-commerce and the creator economy!

The post PEPE Coin Surges Amid Whale Accumulation, Mallconomy Emerges as Metaverse Shopping Gem first appeared on The VR Soldier.

Recently, ETmeta platform version 1.0 is officially launched. Mr. Alexander Smith, CEO of the ETmeta platform, unveiled a brand-new model for sports participation, allowing every sports enthusiast the opportunity to enjoy the games while earning substantial economic benefits.

Mr. Smith stated, We understand that sports are not just competitions but also a culture and a way of life. That’s why we created the ETmeta platform, aiming to revolutionize the traditional sports market model and provide sports enthusiasts with a metaverse platform to participate in and enjoy economic benefits.

According to Mr. Smith, since its launch, the ETmeta platform has quickly gathered and solidified a large fan base. In the 1.0 phase, the platform provided a wide range of sports services and sports quant funds, allowing users to receive the latest sports news while also experiencing substantial returns from ET company’s mature and profitable core products. This strategy not only increased user engagement but also laid a solid foundation of fans for the subsequent construction of the metaverse.

 

As the ETmeta platform enters its second phase, Mr. Smith revealed that the platform will issue NFTs (non-fungible tokens) as equity certificates for the metaverse. These NFTs will represent ownership of items, skills, and scenes within the metaverse, providing real value to users’ activities in the virtual world.

 

Mr. Smith further explained, We are adopting an open community co-creation model, transforming various elements of the metaverse into NFTs. This allows community members to gain governance rights and future revenue shares in the metaverse through minting NFTs. This innovative economic model will inject new vitality into the sports industry, bringing limitless possibilities and opportunities.

 

In the ETmeta metaverse, the tokens spent on items used by players will be directly returned to the respective NFT holders. This means that every NFT holder will participate in the metaverse’s economic ecosystem, sharing in the economic benefits brought by sports. This shared economic model will truly enable sports enthusiasts to engage economically and achieve mutual benefits.

Mr. Smith is full of confidence about the future of the ETmeta platform. He stated, “After accumulating and consolidating our efforts in the first two phases, we have attracted a large user base and built a community with a strong sense of consensus. With the official launch of the metaverse, we will join hands with our users to usher in a new era of the sports ecosystem, witnessing the deep integration of sports and technology, and together creating infinite possibilities for the future.”

 

At the end of the interview, Mr. Smith extended a heartfelt invitation to all sports enthusiasts: “The ETmeta metaverse belongs to everyone who loves sports and has dreams and creativity. Let’s explore this new world full of opportunities and challenges together, and create a new economic era for sports enthusiasts!”

 

As the ETMeta platform continues to grow and expand, it will become a shining example of the fusion between sports and technology, offering sports enthusiasts unprecedented participation experiences and economic returns. In this metaverse full of endless possibilities, everyone has the potential to become a participant and beneficiary of the sports industry, collectively shaping a fresh chapter in the sports industry.

Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.

The post ETmeta platform version 1.0 is officially launched appeared first on Visionary Financial.

The concept of the Metaverse has recently garnered significant attention, enticing many to explore its investment potential.

Defined as a virtual universe where users interact within computer-generated environments and with other participants in real-time, the Metaverse integrates a spectrum of technologies including virtual reality (VR), augmented reality (AR), blockchain, and artificial intelligence (AI).

Market Size and Growth

The global Metaverse market has witnessed rapid expansion, with its value reaching approximately $63.83 billion in 2022. Projections suggest an impressive compound annual growth rate (CAGR) of 44.4% from 2023 to 2030, potentially culminating in a market worth $1.6 trillion by 2030.

This growth trajectory is fueled by various factors including advancements in AR and VR technologies, the burgeoning popularity of social media and gaming platforms, and the integration of blockchain technology. Over the past few years, the Metaverse has experienced significant traction, propelled by the surging demand for immersive virtual experiences.

For instance, platforms like Roblox and Fortnite have seamlessly merged gaming with social media functionalities, expanding their user bases considerably. The global shift towards digital transformation, accelerated by the COVID-19 pandemic, has further propelled interest and investment in the Metaverse.

Emerging Trends

Several key trends are shaping the Metaverse landscape. AR and VR technologies are spearheading immersive experiences, particularly in entertainment and gaming sectors. Major companies like Meta are heavily investing in these technologies, driving the market share for AR and VR devices.

Platforms such as Roblox, Fortnite, and The Sandbox are pioneers in integrating social media with gaming, offering users immersive experiences and fostering engagement and revenue growth. Additionally, enterprises are increasingly embracing Metaverse technologies for virtual meetings, training sessions, and customer engagement, especially in the realm of remote work and collaboration.

The synergy between blockchain and Metaverse technologies is also gaining traction, providing the infrastructure for secure transactions and digital ownership within virtual environments.

User Base and Applications

The Metaverse is attracting a diverse user base and applications:

Gaming Community: Platforms like Roblox and Fortnite offer immersive gaming experiences, attracting a large and dedicated user base, particularly among younger demographics.

Consumers: Individuals are actively participating in virtual events, purchasing NFTs, and engaging in virtual commerce within the Metaverse.

Enterprises: Businesses are leveraging Metaverse technologies for remote collaboration, customer interactions, and innovative engagement strategies.

Investment Landscape

Key investors are making significant strides in the Metaverse:

Industry giants such as Meta, Microsoft, Tencent, and Nvidia are channeling substantial investments into the Metaverse to enhance their platforms and create innovative user experiences.

While investments are pouring in, regulatory frameworks around digital assets and virtual environments play a pivotal role in shaping investor sentiment and participation.

Why Invest in the Metaverse?

The Metaverse presents a plethora of opportunities for investors:

Its amalgamation of cutting-edge technologies offers a unique and immersive user experience, fostering high engagement levels and unlocking new revenue streams.

However, investors should remain cognizant of regulatory challenges and the necessity for ongoing innovation to navigate this rapidly evolving landscape.

In conclusion, the Metaverse represents a dynamic and burgeoning market with vast potential. With continuous technological advancements, growing enterprise adoption, and substantial investments, the future of the Metaverse appears promising. Nonetheless, investors should exercise diligence and stay abreast of regulatory developments to capitalize on the opportunities presented by this transformative digital frontier.

The post Delving into the Metaverse: Investment Opportunities and Challenges appeared first on Baffic.