WhiteBIT Has Added the Polygon Network to Its Decentralized Exchange WhiteSwap

WhiteSwap, a decentralized exchange that enables users to change contract code through self-governance, has announced that the Polygon network was added to the platform. Previously, the exchange only worked with Ethereum and Tron. This decision will speed up the transaction time and reduce its cost. In addition, with the connection to the Polygon network, WhiteSwap will be able to collaborate with blockchain projects whose tokens are made on Polygon. The WhiteSwap team also promises to increase TVL and the number of liquidity pairs.

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Zuckerberg ordered a "quality lockdown" for the rest of the year, telling staff that they needed to improve fundamentals before any aggressive expansion. Staffers working on the product had to "reprioritize or slow some things we had planned", said Shah, adding that he was lowering its user numbers target for the second half of the year.

Meta said in a statement the company was "confident that the metaverse is the future of computing and that it should be built around people". It added: "Of course, we are always making quality improvements and acting on the feedback from our community of creators. This is a multiyear journey, and we're going to keep making what we build better."

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Decentraland’s 38 Daily Active Users in a $1.3B Ecosystem

An active user, according to DappRadar, is defined as a unique wallet address’ interaction with the platform’s smart contract. For example, logging onto The Sandbox or Decentraland to make a purchase with SAND or MANA, each platform’s respective native utility token, is counted as an “active use.”

This means that DappRadar’s compilation of daily active users doesn’t account for people who log in and mosey around a metaverse platform or drop in briefly for an event, such as a virtual fashion week. It also likely means that these spaces are not where people are making transactions such as buying non-fungible tokens (NFT). A developer might defend the low daily stats.

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Banks can’t afford to roll their eyes at the metaverse

With virtual assets already being traded and sold in the metaverse, there is an inevitable demand that financial services, specifically banking, ensure secure payments, investments and transactions for all customers. We take physical and online banking security measures for granted.

Luckily, banks have a long history of dealing with fraud in the real and online markets. Forward-thinking banks are already thinking about the metaverse as well, as they seek to capitalize on the untapped potential that an immersive, memorable and personalized customer experience offers. Pilot programs are already underway for connected experiences in areas such as 3D banking and personalized virtual banking.

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NFT powerhouse Dapper Labs has cut off payment services for non-fungible token owners with links to Russia, citing European Union sanctions in a Thursday blog post.

Dapper, the company behind popular NFT collections such as NBA Top Shot, said, “It is now prohibited to provide crypto-asset wallet, account or custody services of any value to accounts with connections to Russia.”

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SoftServe highlights Metaverse business potential

SoftServe, a leading global digital and consulting company, is highlighting the potential that digital innovation and the vast new business ecosystems of Metaverse offer businesses, economies, and society at GITEX Global Technology Week 2022, from October 10 to 14, 2022.

SoftServe, exhibiting as part of the Microsoft booth at the event, is showcasing its Microsoft-enabled solutions, such as Cloud Native App Innovation, Data Scraping, and Migration to Synapse. These solutions will help companies address customer service challenges while offering streamlined digital technology services. By highlighting its Microsoft offerings of digital services at GITEX, SoftServe is laying the groundwork for companies to address challenges across a range of industries.

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Damien Hirst has begun burning hundreds of his own artworks after selling a series of non-fungible tokens (NFTs).

Hirst launched his first NFT collection last year, called The Currency, which was made up of 10,000 NFTs, corresponding to 10,000 original pieces of art. 5,149 buyers opted for the original artworks while 4,851 chose the NFTs.

Artworks for the non-exchanged NFTs would be destroyed, buyers were informed, with Hirst telling his Instagram followers earlier this week that he would burn the first 1,000 artworks on Tuesday.

The NFTs, which depicted colourful spots, reportedly sold for $2,000 (£1,800) each.

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NFT и как продавать картинки за миллионы 🗿🗿🗿

Смешно, но эту картинку купили за 2.4 млн$ 🔥

Не поверите, но так может абсолютно каждый. Это тренд 2022 года. Опереди друзей, хоть почитай что это такое 🧚‍♀️

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The U.S. Securities and Exchange Commission is investigating Yuga Labs, the company behind Bored Ape Yacht Club (BAYC), over its non-fungible token (NFT) collections and cryptocurrency. According to a report, the financial watchdog wants to know whether some of Yuga's non-fungible tokens and cryptocurrency ApeCoin are similar to stocks and should follow the same disclosure regulations. In response to the news, ApeCoin, Bored Aped Club's native token, lost more than a tenth of its value.

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