The price recovery of virtually all assets in the cryptocurrency sector in the first half of February saw Bitcoin reclaim its $715 billion market capitalization figure. With that, the world’s oldest and largest crypto surpassed the market valuation of one of the world’s largest investment companies in the world, Warren Buffet’s Berkshire Hathaway.
Apple is the latest in the long list of companies that have recently hopped on the metaverse train. During the company’s Q1 2022 earning call on Thursday, Apple CEO Tim Cook revealed that the tech giant is pursuing investments in the metaverse sector.
The rise of blockchain-powered metaverse projects has been one of the major storylines in crypto over the last couple of months. Few projects in the sector have enjoyed as much market success and rapid growth of its userbase as the Ethereum-based virtual multiplayer game The Sandbox. The team behind the highly successful game has now launched a $50 million accelerator program, designed to invest in and mentor metaverse startups.
Tech giant Microsoft has announced it will be buying Activision Blizzard, one of the largest gaming companies and owner of some of the most popular gaming franchises, such as Call of Duty, StarCraft, Tony Hawk’s, World of Warcraft, to name a few.
The process of entering your username and password could soon become a thing of the past, thanks to Microsoft’s ION Decentralized Identifier (DID). The service utilizes blockchain technology to authenticate online identities and runs as a layer 2 solution on the Bitcoin network.
Microsoft, one of the Big Five US information technology giants, is working on a version of a metaverse, which will be focused on corporate use-cases as well as on entertainment features as a part of the Xbox gaming ecosystem.
Microsoft’s research department has released a new paper in collaboration with Alibaba and Carnegie Mellon University in which the effects of using blockchain technology to fight piracy were studied. The proposed blockchain-based system named “Argus” uses Ethereum blockchain and anonymous reporting methods.