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As Meme Coins Dogecoin And Shiba Inu Fall Out Of Favor, These Metaverse Coins Struck Big Gains Last Week – Benzinga

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As Dogecoin DOGE/USD and Shiba Inu SHIB/USD rallies subsided last week, these metaverse coins and others struck big gains.
The Sandbox (SAND): The token associated with a blockchain-based virtual world rose 101.77% over the last week. Sandbox price touched an all-time high of $8.51 last week. 
The project announced that the first public alpha The Sandbox game would be released on Monday. 
The first public #Alpha releases tomorrow

What's the first thing you're doing in the #TheSandbox Alpha Hub on release?

– Connect with the community!
– Dance and Explore!
– Tell us what you'll be doing!

More info  https://t.co/MD5l59lQia#Metaverse #PlayToEarn
Apart from the Sandbox alpha, this month, the project raised $93 million from investors led by SoftBank Group Corp SFTBY
The rapper Snoop Dogg will reportedly build a digital replica of his mansion in the metaverse associated with The Sandbox.
See Also: How To Buy The Sandbox (SAND)
Gala (GALA): The blockchain gaming project’s token rose 96.21% over the period last seven days. The gala coin price touched an all-time high of $0.8367 last week.
On Sunday, Jason Brink, president of blockchain at Gala Games said the company was going to deploy $1 billion into game development in Korea.
Two main takeaways from the @GoGalaGames Spider Tank World Cup in Seoul:

1.) We are built differently and we will always and consistently drive to level up…always.
2.) We announced that we are going to deploy $1b USD into game development in Korea. https://t.co/nvQEYgl3kQ
Last week, GALA moved on the news that cryptocurrency exchange OkEx listed Town Star, a token associated with the firm’s flagship game.
Basic Attention Token (BAT):  The token linked with a digital-advertising platform delivered through the Brave browser has shot up 59.89% last week. It touched an all-time high of $1.91 on Sunday.
This month Brave Software said it was partnering with Solana so as to integrate the latter into the browser it offers.
We've partnered with @solana to integrate it into the browser and make it the default for DApp support. We will soon bring best-in-class wallet features for the Solana blockchain into our desktop & mobile browsers. #BreakpointLisbon https://t.co/tTB7NXKWjI
The privacy-oriented browser Brave’s user base has grown to over 42 million, as per its website.
See Also: Shiba Inu Partners With Former Activision Executive For A Shiba Inu NFT Game; Metaverse Efforts In The Works
Decentraland (MANA): The coin linked with the virtual reality platform underpinned by Ethereum ETH/USD has risen 43.66% over a week’s time frame. Last week MANA touched an all-time high of $5.90.
Over the weekend, the project said it was rendering wearables like virtual sneakers, masks, and other items in three dimensions. 
The Decentraland Marketplace is now rendering all wearables in 3D!

Take a look here!https://t.co/EksYqOrxDx pic.twitter.com/QTgfjYaFCL
Last week, a piece of virtual real estate sold for $2.4 million on Decentraland, as per a Reuters report.
Amp (AMP): The digital collateral token jumped 29.49% last week. The token touched an all-time high of $0.1211 in June.
AMP was listed on Binance last week, while earlier in the month it was listed on the platform run by Voyager Digital Ltd VYGVF.
Read Next: What's Pushing Shiba Inu Higher Today?
Visit Benzinga’s Crypto Homepage1,000,000+ depend on Benzinga Crypto every month
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Meta's losses show the metaverse's costly risk – Insider Intelligence

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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.
3 views: Is the metaverse for work or play?

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