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NYSE set to enter the metaverse with NFT trademark listing – Coin Rivet

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The New York Stock Exchange is set to enter the metaverse after filing a trademark application to register the term “NYSE” for an array of crypto-related products.
Revealed by trademark attorney Michael Kondoudis, the NYSE filed the application on February 10 to register the iconic “NYSE” trademark for several crypto-based products such as downloadable virtual goods like non-fungible tokens (NFTs) and tokens, an online marketplace to buy and sell digital assets and an exchange to enable “cryptocurrency trading services”.
“A new application filed on the 10th says that @NYSE has plans to trademark NYSE for NFTs, cryptocurrencies, digital collectables, and marketplaces to trade and exchange them,” said Kondoudis on Twitter.
The attorney added that NYSE’s entrance into the metaverse was the “latest confirmation that the Metaverse is real” and that it’s “just a matter of when” for more businesses and companies to enter the virtual worlds.
Its foray into the metaverse isn’t the New York Stock Exchange’s first venture into the digital collectables space either.
Last April, NYSE unveiled a series of non-fungible tokens celebrating the ‘First Trades’ of six of its most notable listings.
More details were revealed on a landing page dedicated to the collection on its website, which commemorates the listings of stocks including Spotify, Snowflake, Unity, DoorDash, Roblox and Coupang.
NYSE added that the decision to mint these six was “fitting”, and revealed that many more NYSE NFTs will become available as it continues to welcome “new, innovative companies” to its ‘community’.
The series of digital collectables, which are currently limited to ten of each listing, will be available on crypto exchange crypto.com.
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.
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Facebook parent Meta launches startup accelerator with India’s IT ministry in metaverse push – TechCrunch

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Meta Platforms is looking at India’s burgeoning startup ecosystem as it bolsters its bet on the metaverse. The social juggernaut has partnered with the Indian IT Ministry’s startup hub to launch an accelerator in the country to broaden innovation in emerging technologies, including augmented reality and virtual reality, officials said Tuesday.
MeitY Startup Hub and Meta’s effort, called XR Startup Program, will work with 40 early-stage startups and help them in research and development and developing workable products and services. Each startup will also receive a grant of over $25,000, the American giant said.
The program, supported by Meta’s $50 million XR Programs and Research Fund, will initially hand pick 80 startups to attend a bootcamp. It will also help startups with finding customers, inking relationships and raising funds, Meta said.
Rajeev Chandrasekhar, Minister of State for Electronics & Information Technology and Skill Development and Entrepreneurship, said the program is especially aimed at helping encourage technology innovation in smaller cities and towns.
The XR Startup Program is the latest of Meta’s growing participation in the South Asian market’s upskilling efforts. The firm, whose Facebook and WhatsApp services identify India as their largest market by users, partnered with Central Board of Secondary Education, a government body that oversees education in private and public schools in the country, to launch a certified curriculum on digital safety and online well-being, and augmented reality for students and educators in the country.
The program — to be implemented by four Indian institutions, including IIT Delhi — will also host a “grand challenge” for innovation in categories including education, healthcare, entertainment, agritech, climate action, sustainability and tourism, the American giant said.
“India will play a pivotal role in defining future technologies. Decisions and investments made here in India now shape global discussions on how technology can deliver more economic opportunity and better outcomes for people. It is critical that we help to create an ecosystem that will enable India’s tech startups and innovators to build the foundations of the metaverse,” said Joel Kaplan, VP of Global Policy at Meta, in a statement.
Meta’s interest with working with startups in India is also not newly found. The company has backed three startups in the country, including social commerce platform Meesho and online education group Unacademy.
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“India’s rapid tech adoption combined with a vast pool of tech talent puts the country in a vantage position for shaping the future of the internet,” said Ajit Mohan, VP and MD of Facebook India, in a statement.
“For this future to be equitable, it will require active participation from all stakeholders, including developers, businesses, creators, policymakers, and entrepreneurs. We are excited to collaborate with MeitY Startup Hub and hope that the XR Startup Program will act as a catalyst to unlock the use of immersive technology across sectors like education, healthcare, agritech and tourism, not only in India but across the globe.”

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WHAT IS QUILVIUS (QVUI)? LET'S EXPLORE THIS UPCOMING METAVERSE CRYPTO PROJECT – Asianet Newsable

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