Key Takeaways
- Africa Blockchain Lab, an African crypto business, recently announced that it had raised $6 million in a pre-Series A funding round.
- Xinhua, China's official news agency, will publish an NFT collection of images reflecting important events from the previous year.
- After considering the long-term effects of VR headsets on eyesight, the inventor of Neuralink does not see a future full of them.
Dragonfly Capital, Hashkey Capital, SNZ Capital, Fenbushi, Cadenza Capital, Head & Shoulder X, LeadBlock, Hash Global, Bonfire, Krypital, and Despace were among the global investors who participated in this round.
According to a report by Tech Space Africa, the business intends to utilize the funds acquired to support the launch of its Vibra crypto wallet.
Vincent Li, the co-founder of Africa Blockchain Lab, is quoted in the piece, explaining the startup's aim and how it will leverage the financial backing it has received to boost cryptocurrency acceptance across the African continent. He stated, "
"We plan to deliver world-class tech stacks, projects, and inventions to the African continent, beginning with our first product VIBRA, with the support of our key investors."
Related post: A South African digital bank, Tyme has completed its Series B round, raising an extra $70 million in capital
Despite the crackdown on cryptocurrency, China's Xinhua News Agency will issue NFTs.
Xinhua, China's official news agency, will publish an NFT collection of images reflecting important events from the previous year. The proposal, which comes amid a crypto crackdown, is being hailed as a boon for blockchain, the technology that underpins cryptocurrencies.
Xinhua, China's state-owned news service, is preparing to release a digital collection of photographic news items by 2021. On December 24, a collection of 11 photographs will be released, each limited to 10,000 copies. According to the agency, the non-fungible token (NFT) technology will be used to issue them for free via Xinhua's news app, which Bloomberg and Reuters quoted.
According to Xinhua, the collection, which includes a snapshot celebrating the Chinese Communist Party's 100th anniversary, will "imprint digital memories into the metaverse," according to Xinhua. According to Euronews, Beijing-controlled media previously labeled virtual reality "an illusionary idea."
On Wednesday, stocks of Chinese companies involved in the industry soared, such as Goertek and Perfect World. Tencent Holdings and Ant Group, both social media giants, have already issued NFTs on their blockchain platforms. According to a statement released by Tencent in November, Beijing is anticipated to allow the metaverse to operate under domestic norms.
Related post: Japan proposes that stablecoin issuers be limited to banks and wire transfer firms
After considering the long-term effects of VR headsets on eyesight, the inventor of Neuralink does not see a future full of them.
Elon Musk, the CEO of Tesla and SpaceX, expressed his disapproval of the metaverse and Web 3.0 ecosystems, dismissing them as marketing gimmicks.
When questioned about his thoughts on metaverse ecology, Musk replied in an interview with The Babylon Bee, "I don't see someone strapping a frickin' screen to their face all day." "I'm not sure if I believe in this metaverse stuff, even if a lot of people tell me they do."
When discussing the metaverse and virtual reality (VR), Musk stated that he does not anticipate a future in which people will have to abandon the physical world to live in a virtual one. He noted, based on personal experience, that VR headsets can cause motion sickness when playing video games:
"In the long run, a sophisticated Neuralink might be able to immerse you in virtual reality fully." I don't think we're on the verge of slipping into the metaverse; this just sounds like a buzzword."
Musk launches Neuralink, a neurotechnology business whose main goal is to implant brain implants in humans to restore and enhance physical abilities using computers.
Do you think Neuralink is preferable to Metaverse, as stated by Elon Musk?
