Dubai Ramps Up Efforts to Become Global Metaverse Capital

Meta’s ambitions to transform itself into a metaverse powerhouse on the scale of Facebook was met with another round of doubt as Needham analysts downgraded the social media giant from “hold” to “underperform.” In the July 11 downgrade, analyst Laura Martin advised investors to “use...

In a bid to make buying non-fungible tokens (NFTs) “easier and safer,” Mastercard is teaming with various NFT marketplaces to allow payments over its network for NFT purchases, according to a press release emailed to PYMNTS Thursday (June 9). Mastercard said it’s working on enabling...

Can you hold a Memorial Day celebration in the metaverse? Of course. Should you? That’s another question — and one with a lot of question marks. In some ways, the metaverse is a perfect spot for such celebrations — particularly when some of the veterans...

Dubai’s Virtual Assets Regulatory Authority (VARA) recently opened its metaverse-based headquarters in virtual world The Sandbox, a move that the agency said is a step toward making itself “accessible to its industry in their environment,” according to a Bitcoin.com report Thursday (May 5). VARA is...