28th November 2022

Sony Acquires 3D Animation Company Beyond Sports to Offer a Complete Sports Metaverse Experience

It does not come as a surprise to see Sony jumping on the Metaverse hype along with other big major players in the industry. Sony has recently acquired “Beyond Sports”, a company that specializes in using real-world data to produce 3D animation. ?

With this new acquisition, Sony is making a foray into the sports metaverse world.?It will allow the company to produce real-time, content relating to basketball, baseball, tennis, and football matches. The sports industry has become an important element worldwide and an important growth engine for many industries. Digitalization of the sports industry is particularly important, and the metaverse is the best way to digitally realize the sports industry, not only to simulate many new scenarios but also to implant economic models. As the metaverse market continues to expand, it has become a major trend for various industries to enter it and compete for the market, the sports industry is no exception. As sports IPs are in a bottleneck period, they need the metaverse to bring in young users.?

Hawk-Eye Innovations is another company owned by Sony which enables the company to produce, content relating to basketball, baseball, tennis, and football matches.?

Sony may also be able to offer metaverse matches using its line of Playstation consoles. The company is developing a virtual reality (VR) headset that is confirmed to be set for release in February 2023 and could be used to enjoy metaverse experiences in an immersive way. Sony CEO Kenichiro Yoshida has also stated that Sony’s “first priority is to create a metaverse around entertainment,” using all of the tools that the brand has for this purpose.

Sony combined with VR, AR, and other technologies will create a metaverse and bring new experiences.

Other top news this week included?Ethereum whales amassing $1 Billion worth Of ETH in a single day?and Three megabanks will test the Bank of Japan's digital yen. Swiss digital asset bank Sygnum secures in-principle approval to operate in Abu Dhabi, JPMorgan Chase granted a wallet trademark covering various virtual currency and crypto payment services, and Metaverse could add $1.4 Trillion a year to Asia's GDP.?

Download the Crypto Oasis Ecosystem

Report 2022

In the News:?

?

Revealed: Winners of the Gulf Business Awards 2022. Faisal Zaidi, Crypto Oasis Co-Founder, and Chief Marketing Officer, has been named Marketer of the Year at the Gulf Business Awards 2022. The award was presented on November 23 at the Central Park Towers DIFC in Dubai to honor leading business leaders from across the region. Gulf Business ?

?

Ethereum whales amass $1 Billion worth Of ETH in a single day. According to data from crypto analytics company Santiment, the biggest Ethereum (ETH) whale addresses are accumulating ETH quickly. In just one day, whale addresses with between $10.9 million and $1.09 billion in ETH accumulated $1.03 billion in ETH. Daily Hodl ?

?

For Crypto Exchanges, CoinMarketCap has released a Proof-Of-Reserve (PoR) tracker. The tool gives users the ability to monitor exchanges' reserves by displaying total assets and public wallet addresses, along with the balance and value of those wallets. Cointelegraph ?

?

Another $1.4M of the Grayscale Bitcoin Trust is acquired by Cathie Wood's Ark Invest. Despite the asset’s massive discount, Ark Invest has made back-to-back investments in Grayscale’s Bitcoin Fund. DeCrypt ?

?

?XRP is supported by real use cases, according to former Goldman Sachs executive. In a recent Ask Me Anything video, Raoul Pal--a former executive at Goldman Sachs claims that XRP is already used and utilised for money transactions. Daily Hodl ?

?

Three megabanks will test the Bank of Japan's digital yen. According to an article by the regional news, three megabanks have been chosen for the pilot program, which aims to offer demonstration tests for the issuing of the Digital Yen, beginning in the spring of 2023. Cointelegraph ?

?

Crypto is breaking the Google-Amazon-Apple monopoly on user data. Blockchain technology is threatening the dominance of large tech companies and cloud providers, especially when it comes to the Internet of Things. Markets Insider ?

?

Casper Association launches $25M grant to support developers on its blockchain. On November 23, Casper announced the launch of its new Casper Accelerate Grant Program, created to support developers and innovators building apps to support infrastructure, end-user applications, and research innovation on its blockchain. AMB Crypto ?

?

OKX releases proof-of-reserves page, along with instructions on how to self-audit its reserves. The page includes a “view OKX reserves” option that displays the exchange’s reserve ratios for Bitcoin, Ethereum and Tether. Blockchain News ?

?

Onomy DeFi protocol raises $10M from Bitfinex, Ava Labs despite turbulent market. Onomy, the Cosmos-based ecosystem for decentralized applications, has just secured $10 million from investors for the development of its new protocol. According to the developers, big industry players such as Bitfinex, Ava Labs, the Maker Foundation and CMS Holdings participated in this latest funding round. Cointelegraph ?

?

Russia intends to launch a ‘national crypto exchange’. Lawmakers are working to amend the existing “On digital financial assets” legislation in consultation with market stakeholders. Yahoo Finance ?

?

JPMorgan Chase granted a wallet trademark covering various virtual currency and crypto payment services. JPMorgan Chase Bank has been granted a trademark by the United States Patent and Trademark Office for “J.P. Morgan Wallet” to be used in connection with financial services, including virtual currency transfers and exchanges, as well as crypto payment services. Bitcoin News

?

Swiss digital asset bank Sygnum secures in-principle approval to operate in Abu Dhabi. Sygnum's new Middle East center will provide the local market with a crypto-native suite of digital asset banking, asset management, tokenisation, and B2B banking services that are regulated by Switzerland's financial market supervisory authority (Finma), according to a statement issued on Wednesday. The National News ?

?

Input Output announces privacy-centric blockchain and token on Cardano. The blockchain, dubbed "Midnight," is one of the Cardano sidechains that will feature zero-knowledge-proof smart contracts, that will enable parties to conduct transactions without giving any identifying data to each other. Forkast ?

?

Billionaire investor Bill Ackman says 'crypto is here to stay'.? In a Nov. 20 Twitter thread, the CEO and founder of hedge fund management company Pershing Square Capital Management stated that despite recent issues, "crypto is here to stay," but that there is a need to enhance regulation and eliminate "fraudulent actors" from the industry. Cointelegraph ?

?

Arte News:?

?

Metaverse could add $1.4 Trillion a year to Asia's GDP. Deloitte predicts that the metaverse could add $1.4 trillion to Asia’s GDP by 2035, noting that the market will be worth as much as $13 trillion by 2030. “The metaverse is no longer science fiction. Early metaverse platforms are already being used by millions,” Deloitte said. Bitcoin News ?

?

"Metaverse" is one of the top three candidates for Oxford's word of the year.? Voting is underway at Oxford University for the first time, with polls set to close on December 2nd. Cointelegraph ?

?

UAE to release metaverse version of Abu Dhabi’s Yas Island soon. Once set up, audiences may socialize or play games while exploring the digital island. Miral's CEO, Mohammed Abdalla Al Zaabi, revealed the initiative to the media. The Economic Times ?

?

More than 80 Ukrainian Web3 startups raise $1bn over the past four years. While Ukraine ranks third in the 2022 Global Crypto Adoption Index, East-West Digital News reports that Web3 startups with roots in the nation have raised about $1 billion in funding over the last four years. Intellinews ?

?

Web3 accelerator Masterblox wants more women in Web3. Masterblox, a crypto marketing firm located in Lisbon, has vowed to increase gender parity in the world of web3. Isabella H?ndel, CEO of Masterblox, is on a mission to highlight the lack of women working in the business in order to create greater diversity. Crypto News Flash ?

?

Chinese firms to offer World Cup metaverse viewings. Migu, a video streaming platform, is one of six Chinese companies that have obtained the rights to broadcast the World Cup and wants to build a "Metaverse-like" area accessible via VR headsets where viewers may watch a livestream of the game. Cointelegraph ?

?

The Polygon network now has NFT support from Magic Eden. The company aims to develop games for the growing blockchain gaming market on Polygon rather than only serve as a forum for NFT trades. The Block ?

?

With recent .Swoosh platform trademarks, Nike leaps further into the Metaverse. The potential of non-fungible tokens (NFTs) and virtual reality, a technology that is being widely discussed by international brands like Nike, are capturing the public's attention as the cryptocurrency industry and blockchain technology become more popular. Finbold ?

?

How a tiny startup beat Magic Eden and Rarible to build ApeCoin’s NFT marketplace. The ApeCoin community now has its own marketplace for Bored Ape Yacht Club NFTs built by Snag Solutions, who won a community vote to build the marketplace after similar proposals from Magic Eden and Rarible failed. Yahoo Finance ?

?

After Saudi Arabia unexpectedly beats Argentina, NFT collection sales soar high. Following the country's 2-1 triumph over Argentina, one of the top soccer teams in the world, sales for the Saudi Arabia-themed non-fungible token (NFT) collection named "The Saudis" soared by 387% on Tuesday. Unlock Blockchain ?

?

Exploring the Metaverse with an eye on design. Firas Alsahin, designer and co-founder of Dubai's 4SPACE DESIGN firm, believes that technology will enable the Metaverse to promote more sustainable and biophilic design that is more in tune with our natural environment. Gulf News ?

?

Miami's next big Web3 summit announces a packed agenda featuring high-profile speakers. MiamiWeb3, which will be held from November 28 to 30, at the InterContinental Hotel, will give a forum to debate major trends in this fast-moving sector, as well as policy and where the industry is headed next. Cointelegraph ?

?

Heroic story secures $6 million to build Web3 tabletop RPG world. According to the firm, the fund will be used to employ people, advertise the live beta, and create on-chain technologies for a massively multiplayer role-playing game (RPG) environment. Cointelegraph ?

?

EverRise adds NFT staking lab with Cross-Chain bridging capabilities. The Staking Lab needs users to stake their RISE tokens in order to build an on-chain NFT of those assets, which can then be exchanged, transferred, and bridged to BNB Chain, Ethereum, Polygon, Avalanche, and Fantom. NFTs can be found incompatible with Decentralised Finance (DeFi) wallets and exchanged on sites such as OpenSea. BSC News ?

?

Cristiano Ronaldo to Launch His First NFT Collection. Cristiano Ronaldo's first NFT collection, as part of a multi-year relationship with Binance, will be available on November 18th. The Portuguese soccer player teamed up with Binance to create a collection of over 6,000 NFTs including animated sculptures of four rarity levels. Al Bawaba ??

That's it for this week. See you next Week.