Microsoft Sees The Metaverse As The Next Step In The Internet’s Evolution

As we usher out October, these events are coming through the door. Another traditional bank is looking to cut a slice out of the NFT pie, but the tech giant Microsoft eying the metaverse takes center stage this week.

Microsoft Seek to Bridge Its Services With the Metaverse

Software tech giant Microsoft sees the metaverse as the next iteration of the internet, according to its CMO for the UAE.

To this end, the American company is looking to bridge its cloud services and other product offerings with several metaverse experiences. This will enable institutions and users to develop enriched apps.

On top of that, the current headset produced by them, the Hololens 2, will have a prominent role in this new strategy as it is a perfect fit for the potentialities of the metaverse.

Others

More news from this week’s highlights includes the introduction of NFT custody by Seba Bank. The Swiss financial institution envisions digital assets as part of most people’s portfolios in the future.

Furthermore, things are not looking rosy for Facebook’s parent company Meta, as its adventure into the metaverse reported a $3.67B quarterly loss.

A report by ZachXBT indicates that about $1M worth of NFTs and crypto have been lost through phishing attacks this week. Monkey Drainer carried out the attack.

A Web 3.0 football game MonkeyLeague has initiated its NFT breeding season. This is after the significant deal between the company and Serie A giants AC Milan.

That concludes our highlights for October. Join us next week for a thrilling new month.