Author: Crypto News Live

The UK Ministry of Defence is taking a bold step into the future of submarine training by embracing the metaverse. Through the implementation of an innovative 3D training system, trainees will have the opportunity to enhance their skills and familiarize themselves with the intricacies of submarine operations within a virtual environment.Submarine Training in the MetaverseThe UK Ministry of Defence has unveiled the i3DWT (Immersive 3D Training) system, a cutting-edge training platform specifically designed for submarine operations. This immersive technology allows trainees to experience the metaverse in two distinct modes: free-play and training mode, enabling interactive and structured learning.In free-play mode,…

There are few creators as important to the NFT space as Fewocious. A prolific artist since his early teenage years, Fewo’s influential intellectual property has proliferated to the farthest reaches of the blockchain, finding life as large-scale collections and 1/1 auctions alike. As we enter summer, Fewo has unveiled details about the next chapter of his unique multimedia project, FewoWorld, that’s been years in the making. When first, there were only Paint Drops; now, Web3 can look forward to a full-blown, large-scale generative art project called Fewos. What are Fewos? As the latest collection of work coinciding with Fewocious’ metaverse…

Blockchain NITI Aayog, an Indian public policy think tank, has acknowledged the blockchain-based caste certificate initiative on the Polygon network. While crypto is yet to achieve mass adoption, the shoutout from the National Institute for Transforming India (NITI) Aayog and United Nations Development Programme (UNDP) has made the Indian crypto community hopeful. 75 Best Practices: Blockchain-Based Caste Certificate NITI Aayog and UNDP jointly published a “Best Practices in Social Sector: A Compendium 2023 Report.” The report gives a shoutout to 75 best practices and policies that deliver sustainable development goals for people and communities. Among other best practices, India’s apex…

NFT Multichain NFT protocol Holograph dropped its latest collaboration on Tuesday, combining a recognizable, “blue chip” NFT with one of history’s most iconic memes. Titled “KilroyPunk,” the collectible is a riff on CryptoPunk #8527, owned by pseudonymous Delegate Cash creator and Crypto Twitter personality foobar, who has long used the NFT as his profile picture. It combines foobar’s famed NFT with the work of Eric Elms, showcasing the California-based artist’s take on Kilroy. The collaboration comes as Holograph tries to find a foothold in the NFT space, and it marks the multichain protocol’s third offering through its consumer-facing application. Released…

Thanks to the value propositions brought by NFT membership and ownership, companies can develop strong customer ties that endure over a long time. This, in return, increases the lifetime value of their customers. In addition to leveraging such benefits, successful NFT marketing campaigns capitalize on driving forces that shape today’s modern marketing. These are forces like growing concerns about data privacy and the desire for a more inclusive society.The target marketing landscape is changingTarget marketing allows businesses to offer highly tailored ads and content for their prospects, which has been a proven way to increase conversion rates. The reliance on third-party cookies in digital advertising…

Minswap, a decentralized exchange (DEX) operating on the Cardano ($ADA) blockchain has recently experienced a record-breaking day of trading volume, reaching an all-time high volume of 54.98 million ADA, equivalent to approximately $20.93 million. The volume, according to the cryptocurrency exchange, accounted for a little over 90% of all the trading volume among decentralized exchanges operating on the Cardano blockchain. Minswap’s surge is part of a broader trend in the Cardano ecosystem, which has been seeing growth in its decentralized finance (DeFi) protocols. Yesterday was another record-breaking day for both Minswap DEX and Cardano!💥🎩 Minswap had an ATH Daily Volume…

Bitcoin has shown increased decoupling from the main asset classes of the traditional market. BTC’s correlation with gold retracted from its all-time high to stand at 11% as of 31 May.  Over the last few months, the world’s largest crypto asset by market cap Bitcoin [BTC] gained an upper hand over other major commodity assets of the financial market. As per on-chain analytics firm Glassnode, the king coin outperformed Crude Oil, Gold, and Silver to clock a 14.5% growth rate over the last three months. While the price of Crude Oil fell by 4% in the same period, there was…

Russia is reportedly giving up on plans to launch a state-owned crypto exchange and is instead expected to regulate private ones. According to a new Izvestia report, Russia’s Ministry of Finance rejected the idea of establishing a national crypto exchange, after the idea was discussed late last year. Says Ivan Chebeskov, director of the financial policy department of the Ministry of Finance of the Russian Federation, “The Ministry of Finance did not support the establishment of one national crypto-exchange, rather there was an idea to legally regulate the possibility of creating such sites by business.” Anatoly Aksakov, head of the…

Solana (SOL) has emerged as a tough competitor to Ethereum. Solana, known for its high-speed transactions and low fees, has been making waves in the crypto market. However, recent trends indicate that Solana is facing resistance above the $20 mark. This development has sparked a debate among investors and traders: Will SOL price initiate a fresh decline?Solana Continues To Display Bullish DataAs the new week commences, most of the cryptocurrency market, including Solana (SOL), has started on an upbeat note, with SOL successfully regaining a key price resistance. Moreover, recent on-chain data reveals a significant surge in the number of…

Two-dimensional NFT artworks, such as images, music, and videos, still dominate the NFT scene. However, NFTs now extend into the third dimension thanks to immersive technologies like AR and VR. Immersive NFTs will allow us to create entirely new experiences in the metaverse. This new class of NFTs enables users to interact and engage with content in unexpected ways. As such, immersive NFTs can bring the digital ownership concept to a whole new level. They will function as bridges between the physical and digital realities and play essential roles in building metaverse applications. AR and VR are two different technologies. AR creates an interactive experience by combining the…