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Funds: Polkadot Reigns in Gaming, Metaverse, and NFT – Crypto News Flash

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Polkadot (DOT) has once again taken up the top position among the best-hodled crypto assets by venture funds. According to a report published by market intelligence firm Messari, 35 percent of the funds it tracked had invested in Polkadot. The network draws its uniqueness from its design – having a relay chain that connects many other smaller networks.
Messari conducted the research throughout the first half of 2022 (H1, 2022), releasing the results on June 24. The report looked at a total of 82 crypto-invested funds, and their portfolios to gauge their projects of interest. The analysis did not include Bitcoin (BTC) and Ethereum (ETH), or any other funds outside of those that Messari tracks.
After Polkadot, the next best investments were Oasis Protocol (ROSE) and Nervos Network (CKB), in that order. dYdX (DYDX) and Radicle (RAD) tied in fourth place, while NEAR Protocol (NEAR) came in fifth. Meanwhile, Solana (SOL) tied in ninth place with six others.
According to Kaushik Guduru, a research analysis intern at Messari, Solana is the cryptocurrency with the highest market cap among the top 30 invested assets. In the company’s previous analysis, this top position was held by Terra (LUNA). However, its disastrous collapse left no competitor for Solana. Polkadot now comes in second place after Solana, followed by Avalanche (AVAX), Uniswap (UNI), and FTX (FTT). Thereafter, come Near Protocol (NEAR), and Cosmos Hub (ATOM).
From its analysis, Messari concludes that the smart contract “frenzy” is still present among investors. It alludes to this since the three top crypto investments are all smart contract-enabled platforms. Having smart contracts creates the impression of real utility, which favors investment returns. 
Cardano (ADA) is an example of a crypto project that had to embrace smart contracts to build a greater community of developers, users, and investors. And even though its rollout was not smooth, the network continues to see significant developer activity.
Other than the top 50 cryptocurrencies, Messari shows that huge capital has also been poured into gaming, metaverse, and NFT infrastructure. Of these, Guduru notes:
Investments like these [gaming, metaverse, and NFT infrastructure] expand the opportunities for funds to hold non-traditional crypto assets such as native NFTs or digital land.
An April report by DappRadar in conjunction with Blockchain Game Alliance showed similar findings regarding blockchain gaming. Such DApps had surged by a profound 2000 percent in Q1, 2022 year-over-year.
In that period also, investors put in $2.5 billion into gaming DApps, which is more than half that invested in the whole of 2021 ($4B). At the time, the report projected Q2’s (ends in two days) investments in blockchain gaming to hike by 150 percent.
Let’s talk crypto, Metaverse, NFTs, and CeDeFi, and focus on multi-chain as the future of blockchain technology. I like analyzing on-chain data in search of reliable investment.
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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.
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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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WHAT IS QUILVIUS (QVUI)? LET’S EXPLORE THIS UPCOMING METAVERSE CRYPTO PROJECT  Asianet Newsable
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