McDonald's “Virtual Restaurants” Are Coming Soon To The Metaverse

Trademark filings raise questions on how McDonalds intends to position itself in the Metaverse.  On Wednesday, trademark attorney Josh Gerben tweeted that McDonalds has filed ten trademark applications in relation to the Metaverse.  Gerben said the filings indicate the fast-food giant has plans to bring a “virtual restaurant” offering both “actual and virtual goods.”  McDonalds is headed to the metaverse.  The company has filed 10 (TEN!) trademark applications indicating it plans to offer “a virtual restaurant featuring actual and virtual goods” and “operating a virtual restaurant featuring home delivery.”  Virtual goods in the Metaverse are an established trend, for example, in gaming items or clothing for avatars. But virtual food is unheard of till now.  Corporations are jumping headfirst into the Metaverse  Much like NFTs, the Metaverse is a highly divisive topic. While some call it a natural evolution of the internet, others envision it as a dystopian nightmare.  Indeed, the now-infamous video of Mark Zuckerberg introducing Meta‘s take on the concept has drawn widespread criticism from pundits and the general public alike. But then again, wasn’t the same said about the internet in the 1970s?  Whatever your position on the matter, Silicon Valley, flanked by big corporations, is pushing ahead with their centralized versions regardless of public resistance.

2022-02-11Malalim na Pagsisid

Aave To Introduce A Decentralized Social Media Platform Built On Polygon

Aave, a decentralized finance lending platform, has recently announced the launch of ‘Lens Protocol’. The Web3 social media platform will be built on the Polygon network. This new launch is Aaves attempt at expanding its opportunities by introducing varied operations.  Aave has been working on this particular development for quite some time, it has now concretely announced the same.  Stani Kulechov, the founder of Aave, took to Twitter to announce about ‘Lens Protocol’, “Lens Protocol is a composable and decentralized social graph, ready for you to build on so you can focus on creating a great experience, not scaling your users”  The name ‘Lens Protocol’ was derived from lens culinaris, which is described as a “tall, branched plant” that is known to have a “symbiotic relationship with certain soil bacteria. If the roots are left in the ground, they will provide a source of nitrogen for its neighbor”  The project justifies its name due to the features of interoperability along with composability. Lens Protocol will be a platform that developers will be able to leverage in order to build a host of applications.  These wide numbers of applications will then be able to operate and function with a shared base of users, much like how

2022-02-10Malalim na Pagsisid

Gucci Buys Virtual Land On The Sandbox As Part Of Metaverse Experience Bid

Luxury fashion brand Gucci has bought itself some land on the digital world platform known as The Sandbox.  The move will allow the fashion brand to create virtual fashion experiences for consumers, though details on what that experience will entail are not yet public, nor is it public how much the fashion brand invested to obtain the digital land rights.   The space is meant to foster conversations about the future of fashion and the metaverse, The Sandbox told Vogue Business, which first reported the news. Gucci will create digital fashion experiences based on Gucci Vault, which houses the brands metaverse projects.  Gucci has been at the forefront of fashion brands moving into crypto. In May 2021, it was the first luxury brand to introduce an NFT auctioned via Christies. Guccis experience on Roblox also drew attention after someone spent over $4000 on a Gucci bag -- roughly $1000 more than the bag is worth in real life.  The brand is continuing to move into the metaverse, hiring a manager for its Discord server, who will be responsible for overseeing fans of its NFT projects and requires someone who has “experience with community building and managing crypto communities.”  The Sandbox was reached for comment on

2022-02-10Malalim na Pagsisid

FarmVille Developer Zynga Set To Release First NFT Game This Year

Mobile gaming giant Zynga has outlined new plans for NFT-based games and Web3 acquisitions coming in 2022  San Francisco-based game developer Zynga, best known for the FarmVille and CSR Racing series, has announced plans to release its first blockchain and NFT-based games this year.  The billion-dollar game studio first made waves in the crypto world last year after appointing 30-year gaming industry veteran Matt Wolf as Vice President of Blockchain Gaming to lead the companys charge into the burgeoning industry.  Zynga has also announced plans to increase the current blockchain gaming team from 15 employees to anywhere up to 100 by the end of this year. The company may also soon fall under the umbrella of video-game colossus Take-Two Interactive, publisher of Grand Theft Auto which publicly announced a $12.7 billion dollar acquisition move set to close in the first quarter of 2023.  Speaking on the firm‘s NFT based gaming plans with Axios, Wolf said that forthcoming blockchain-based games will be brand new titles, as it “doesn’t make sense” to start adding NFTs into existing games such as FarmVille straight away.  He said that players can expect the new games to look something like Mafia Wars, a now-discontinued social media game where players assumed the

2022-02-10Malalim na Pagsisid

Why Axie Infinity is Removing Rewards in Adventure and Daily Quest to Zero SLP

“Season 20 is close and when its released, a variety of important economic balancing changes will be implemented.”  In a recent blog, play-to-earn non-fungible token (NFT) game Axie Infinity unveils economic balancing adjustments for the games upcoming season 20.  The initiative aims to increase the current fiat equivalent of its tokens while balancing the number of minted and burned tokens.  Once season 20 starts drastic changes in the game rewards will happen. For instance, Adventure mode Smooth Love Potion (SLP) will be sunset (reduced to 0); this also includes rewards for first time completion (ruin 21 and 36). Daily quest SLP rewards will also be sunset. Moreover, arena reward structure will also be “changed dramatically” as the SLP rewards per win will also be reduced. However, the Axie Infinity Shards (AXS) leaderboard will be “massively expanded” to top 300,000.   Further, in an update in October last year, players with 800 MMR can no longer receive SLP from the adventure, arena, or the daily quest. Today, Axie Infinity announced that they can now earn again 1 SLP per win. This is because the developers “want to be considerate for players with weaker Axies so were adding this back in (for now).”  “We are considering reworking

2022-02-09Malalim na Pagsisid

PDAX to Launch Axie Infinity Tokens SLP and AXS Soon

Nix Eniego, the Assistant Vice President (AVP) of cryptocurrency exchange Philippine Digital Asset Exchange (PDAX), revealed that the trading platform will soon launch the tokens of play-to-earn game Axie Infinity Smooth Love Potion (SLP) and Axie Infinity Shards (AXS). Eniego mentioned this during the PDAX Crypto News Weekly Livestream.  “Meron ba tayong mga Axie Infinity players dito? If you guys see this, you know what it means; its coming soon. What do you guys think? Are you excited? Would you want it on PDAX? It might be coming sooner,” Eniego said as they revealed the teaser for the upcoming launch.  Further information about the launch wasnt disclosed yet in the stream but Eniego assured that “it will be coming soon.”  Eniego also confirmed that the AXS and SLP will be on the Ronin sidechain. This means it‘s going to be a direct transfer in and out of Axie Infinity’s Ronin chain to PDAX wallet once SLP and AXS go live on the local crypto exchange.  AXS and SLP are the 2 tokens in Axie Infinity that can be converted to pesos.  Accordingly, last December, PDAX announced the launch the platforms newest feature, ScholarPay, which will allow the guilds and managers of Axie Infinity to send

2022-02-09Malalim na Pagsisid

Ethereum Dominates NFT Market With $3.5 Billion in Sales

CryptoSlam! Data displays a pick up in NFT volume, notably on Ethereum and Avalanche.  ETH and AVAX NFTs Rising  Ethereum continues to dominate the NFT market with nearly $4 billion USD in 30-day sale volume.  Despite complaints of fees, Ethereum continues to increase market share, increasing volume by nearly 50%, according to CryptoSlam! This comes as the entire NFT ecosystem reapproaches 1 Trillion in monthly volume across all chains.  “Our CryptoSlam NFT Global Sales Index is showing a steady upward trend in unique buyers and overall sales. Unique buyers are at all-time highs, reaching 895K in January alone,” stated the CryptoSlam! Team.  Diving further into the data, it is apparent that Avalanche NFTs have been the hottest this month, with a near 200% increase. While NFTs are not as hot as they have been, data shows that the demand is picking back up.  JP Morgan has pointed out an increased interest in Solana, but data shows AVAX and ETH have been hotter topics this month. Overall this data is bullish for all NFT ecosystems as they are back on the rise.  As a reminder, WikiBit is ready to help you search the qualifications and reputation of projects in a bid to protect you from hidden dangers in

2022-02-09Malalim na Pagsisid

What Is Ethereum Classic?

Ethereum Classic is a smart contract platform and cryptocurrency. We explore its history and why it broke with Ethereum in 2016.  Ethereum Classic is a smart contract platform and cryptocurrency. Ethereum Classic (ETC) shouldnt be confused with Ethereum (ETH), even though they were the same until an argument led to divorce. Below we explore what led to the split.  What is Ethereum Classic?  Ethereum Classic is very similar to Ethereum because it shares a common origin. Its a blockchain that allows other applications to be built atop it. These decentralized applications, or dapps, use code known as smart contracts so that people can exchange money, property, or anything else of value without a middleman.  ETC is the native currency of the network. The Ethereum Classic network also enables dApps on the platform to issue their own tokens, including NFTs.  Who created Ethereum Classic?  A Russian-Canadian computer programmer named Vitalik Buterin wrote the white paper Ethereum is based on. Ethereum Classic came into existence on July 20, 2016, when a group of developers disagreed with how the Ethereum blockchain was moving forward.  What was the disagreement?  In the beginning, there was only Ethereum. A group called The DAO (short for “decentralized autonomous organization”) used Ethereum to create what was

2022-02-08Malalim na Pagsisid

Google Cloud Introduces Threat Detection System against Crypto-mining Malware

Google has announced the release of a new threat detection system for Google Cloud Platform customers against crypto-mining malware.  Google Clouds new Virtual Machine Threat Detection (VTMD) protects Google Cloud Platform customers against growing attacks like coin-mining, data exfiltration, and ransomware.  Additionally, to safeguard users, VTMD helps provide agentless memory scanning.  “VMTD is a first-to-market detection capability from a major cloud provider that provides agentless memory scanning to help detect threats like crypto-mining malware inside your virtual machines running in Google Cloud,” Google said in a blogpost.  The measure is being rolled out as a “public preview,” and Google will integrate VMTD with other parts of its service over the next few months.  VMTD is the newest layer of threat detection in Googles Security Command Center (SCC), the internet company noted.  “The economy of scale enabled by the cloud can help fundamentally change the way security is executed for any business operating in todays threat landscape,” Google added.  Security solutions built into cloud platforms have been playing a critical role in safeguarding companies from cyber threats as cloud technologies are increasing in adoptions.  According to the latest Google Cybersecurity Action Team Threat Horizons Report, 86% of compromised cloud instances were used to perform cryptocurrency mining.   Google also announced

2022-02-08Malalim na Pagsisid

Kpop NFTs: Binance and YG Partnership will Prioritize Sustainability

The two companies said that creating eco-friendly NFTs will be one of the primary concerns for future collabs.  A new partnership between global crypto exchange Binance and South Korean entertainment company YG will see the two companies strive for a more sustainable framework for future NFTs collaborations.  YG manages a number of notable Kpop stars including BLACKPINK, BIG BANG, and WINNER. The Feb. 8 announcement stated the Memorandum of Understanding (MoU) will reportedly give Binance access to develop digital assets based on the IP (intellectual property) associated with these artists.  Although the two companies didnt provide any specific details for any upcoming NFT collections, they did confirm that creating NFTs in an “eco-friendly way” will be one of the primary concerns of their future collaborations.  Global Head of Binance NFT Helen Hai said the platform will be working “closely with YG to create an eco-friendly ecosystem for NFTs.” She added that the company believes “that it is important to promote the use of sustainable blockchain platforms.”  YG CEO Bo Kyung Hwang shared the sentiment, adding that the companies hope to “steadily build an innovative and eco-friendly NFT ecosystem.”  Binance NFT is a multichain platform that uses the PoSA (Proof of Staked Authority) network, a consensus agreement

2022-02-08Malalim na Pagsisid
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