Autor Cointelegraph By Arnold Kirimi

Samsung launches metaverse store in Decentraland

Samsung launches metaverse store in Decentraland

Uverejnil používateľ | jan 7, 2022 |

Samsung is the latest megacorporation to announce a metaventure project, opting for Decentraland for its metaverse project. On Jan. 6, 2021, the consumer electronics giant announced the opening of a virtual replica of its iconic New York physical store in order to enhance customer interaction at a time when COVID-19 is keeping people away from physical shops.The Samsung metaverse store is a replica of a real-world shop situated at 837 Washington Street in New York City’s Meatpacking District in Manhattan. The Samsung 837X shop will now be accessible on the metaverse for a limited time. The company claims that it is one of the largest brand land takeovers in Decentraland, a blockchain-powered metaverse.Customers must first enter Decentraland using a web browser to access the store. After logging in, their avatar will be sent outside Samsung’s metaverse structure. When the avatar enters the lobby, a virtual guide will lead the avatar to one of three interior rooms: sustainability, customization and connection.Related: Blockchain and the metaverse make inroads at Consumer Electronics ShowThe Samsung 837X store will feature “Connectivity Theater and Sustainability Forest” as well as a musical event at the “Customization Stage,” according to Samsung.The South Korean technology giant recently announced the release of a new smart TV range with an integrated NFT platform. Micro LED, Neo QLED, and The Frame are just a few of Samsung’s 2022 smart TVs that will have an NFT Platform app for discovering, purchasing and trading digital art.

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Major payments app WeChat to add support for China's digital yuan

Major payments app WeChat to add support for China's digital yuan

Uverejnil používateľ | jan 6, 2022 |

WeChat, China’s largest messaging app and one of the country’s most popular payment services, will start supporting the Chinese government’s digital currency.On Jan. 6, 2021, Tencent announced that it will begin accepting digital yuan payments via its proprietary mobile wallet WeChat Pay, according to a local news report. China has been developing a digital yuan since 2014, and it has yet to be implemented nationwide. If people start paying for goods and services with WeChat, which has more than 1 billion users, it will give it a significant boost.WeChat’s enormous user base and multitude of wrapped services have earned it the moniker of a “mega-app.” Users can use WeChat Pay to chat, pay bills, and order food or transportation. There are over 800 million monthly active users on WeChat Pay.Linghao Bao, an analyst at consultancy firm Trivium China, told CNBC, “Chinese consumers are so locked in WeChat Pay and Alipay, it’s not realistic to convince them to switch to a new mobile payment app. So it makes sense for the central bank to team up with WeChat Pay and Alipay as opposed to doing it on its own.”Related: China’s digital yuan deploys at speed, leaving dust in its pathSo far, the People’s Bank of China (PBoC) has conducted limited tests of the digital yuan in several cities involving small quantities of the currency in commercial and consumer environments. Despite the fact that there is no timetable for a nationwide rollout, there are indications that the PBoC is interested in expanding usage of the digital currency.China has established a significant lead in developing a central bank digital currency for public use, exceeding the majority of countries that are still in their respective research phases. Earlier this week, the country’s central bank released a pilot version of a digital yuan wallet app on the Chinese iOS and Android stores. 

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Airbnb users want crypto payment options, according to CEO Twitter poll

Airbnb users want crypto payment options, according to CEO Twitter poll

Uverejnil používateľ | jan 5, 2022 |

Airbnb CEO Brian Chesky tweeted a poll on Monday asking his roughly 400,000 followers what they wanted from the rental platform in 2022.Chesky has today revealed that the majority of respondents want to be able to pay with Bitcoin (BTC) or other popular digital currencies when renting their next house or apartment on Airbnb. Other requests included clear pricing displays, a loyalty program for visitors, up-to-date cleaning charges, and enhanced customer service.Got 4,000 suggestions. Here are the top 6:1 – Crypto payments (top suggestion)2 – Clear pricing displays3 – Guest loyalty program4 – Updated cleaning fees5 – More long-term stays & discounts6 – Better customer serviceAlready working on most, will look into others now! https://t.co/rxEM4BXZci— Brian Chesky (@bchesky) January 5, 2022Chesky also added that he has seen a number of token ideas, implying that Airbnb’s potential cryptocurrency payment selection will not be confined to one or two digital assets. Airbnb currently accepts Visa, MasterCard, Apple Pay, Google Pay and PayPal as payment methods. The CEO also noted that the accommodation company has processed $336 billion in transactions since 2013.Chesky has been vocal regarding the potential of new technologies. In September, he told Fox Business that the company had received a lot of inquiries regarding crypto payments:”We get a lot of requests, I’ve been getting it for years, I have nothing to announce on it today.”During a November interview with Nilay Patel of The Verge, he was asked about his thoughts on the future of crypto and metaverse:”We are definitely looking into it. Absolutely. Like the revolution in travel, there is clearly a revolution happening in crypto. Airbnb and crypto both have interesting relationships with trust.”Related: Crypto exchange lists Airbnb derivatives contract ahead of IPOHe went on to note that Brian Armstrong, the CEO of Coinbase, was a former employee of Airbnb. The crypto buzz surrounding Airbnb comes amid a rise in competition from decentralized blockchain-based alternatives like Travala.com’s Dtravel, which provides a holiday rental service.

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OpenSea raises $300 million for encrypted digital marketplace

OpenSea raises $300 million for encrypted digital marketplace

Uverejnil používateľ | jan 5, 2022 |

The nonfungible token (NFT) market is gaining momentum as the next frontier in collectibles, gaming and the metaverse. To accelerate this vision, OpenSea announced on Jan. 4 that it has secured $300 million in a Series C funding led by Coatue and Paradigm.OpenSea is a digital market based on the Wyvern Protocol, which is composed of custom-built Ethereum smart contracts that are expressly created for buying and selling unique digital assets. The marketplace was established in 2018.With the most recent investment, OpenSea’s value has now surpassed $13.3 billion. Apart from Paradigm and Coatue, OpenSea noted that there were a number of both new and existing investors who participated in the round.Related: Bored Ape Yacht Club NFTs catch up to CryptoPunks, flips floor priceOpenSea said it will use the money to further develop its product, enhance customer service and security, invest in the wider NFT and Web3 community, and hire more employees.In 2021, NFTs played a major role in the mainstream success of crypto and blockchain. The industry recorded over $14 billion in sales during the year, with digital art collections and digital collectibles accounting for 91% of transactions, according to company data. OpenSea has already generated more than $700 million worth of trade volume since the start of 2022, as reported by Cointelegraph.

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Kosovar government halts crypto mining amid power crisis

Kosovar government halts crypto mining amid power crisis

Uverejnil používateľ | jan 4, 2022 |

The government of Kosovo has ceased crypto mining in the country owing to power constraints during the winter season.Kosovo’s minister of Economy, Artane Rizvanolli, has decided to stop crypto mining following a recommendation from the Technical Committee on “Emergency Measures for Energy Supply,” according to a report by local outlet Gazeta Express.The report notes that the government made the decision after Kosovo’s power supply fell below the stipulated level, and it began to impose electricity cuts during peak usage periods.According to Rizvanolli, the government decided to establish a technical committee to evaluate emergency energy supply strategies in response to the situation. Based on the committee’s recommendations last week, the government decided to take emergency measures, including halting crypto mining throughout Kosovo’s borders.The report noted that law enforcement agencies are set to step in to halt the production of crypto currencies, and work to identify locations where such operations take place. The minister said:“These actions are aimed at addressing potential unexpected or long term lack of electricity production capacities, capacities of transmission or distribution of energy in order to overcome the energy crisis without further burdening the citizens of the Republic of Kosovo.”As a consequence of low domestic production and exorbitant energy import charges, Kosovo’s energy distribution firm KEDS announced that power outages would be implemented across the country on Dec. 22. Bitcoin mining is known to consume a lot of power, with one recent report claiming that Bitcoin consumes eight times more energy than Google and Facebook combined.In recent months, several nations have expressed concern about mining-related power outages, including Iran and Kazakhstan.Related: Iran pauses electricity exports due to crypto mining and hot summerMeanwhile, following the capitulation of Chinese miners triggered by the country’s crypto ban announced in September, retail cryptocurrency mining in Thailand appears to be flourishing. As reported by Cointelegraph, Thai entrepreneurs and cryptocurrency enterprises have been taking advantage of Chinese miners’ getting rid of their mining equipment.

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