HomeTechnologyVirtual RealityThis Week In The Metaverse: Post Malone NFT Perks, VR For Surgery...

This Week In The Metaverse: Post Malone NFT Perks, VR For Surgery Patients

Things are moving fast in the metaverse and in the wider world of Web3 as a whole. Here’s what you need to know from the past week:

Mark Zuckerg’s net worth is down about 71% so far in 2022, according to Bloomberg. The new report details how much Meta founder and CEO Mark Zuckerberg’s recent spending on the metaverse has cost the company — and himself personally. Zuck is now reportedly the 20th richest person in the world, a position he has not held since 2014. He was the third richest person in the world in September 2021, according to Bloomberg, when his wealth peaked at $142 billion.

Shortly after hitting that peak, in October 2021, Zuckerberg’s company changed its name to Meta and began investing primarily in software and hardware for the metaverse — essentially making a calculated guess that it would become the next big technological frontier. . Overall, things have gone downhill for Meta and Zuckerberg since then. Meta’s stock price has fallen 57% since the start of 2022, according to the Bloomberg report, far more than the dips experienced by some other market leaders like Amazon and Apple (much of the industry has suffered financially this year).

Zuckerberg has made an effort to be transparent with investors that pivoting his company to the metaverse will take short-term financial losses to be successful in the long run. But time will tell how patient investors want to be.

VR may reduce need for anesthesia during surgery, per study

Who needs an IV when you have VR? Patients who undergo surgery while immersed in virtual reality may need less anesthesia, according to a new report.

The study – published Wednesday in the scientific journal PLOS One – focused on 34 patients, all of whom underwent elective hand surgery. Half of the group entered the practice behind VR headsets, showing soothing natural landscapes or playing guided meditations, while the other half (the control group) entered without a VR headset.

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The study organizers then tracked the amount of propofol (an anesthetic) requested by members of both groups, eventually finding that the VR group asked for much less than their non-VR counterparts. “Despite receiving significantly less intraoperative propofol sedation, VR group patients had no significant differences compared to patients in the usual care group in self-reported assessments of pain, relaxation, anxiety or overall satisfaction,” the study authors wrote. It was also noted that members of the VR group “were fired from the PACU” [Post-Anesthetic Care Unit] 22 minutes earlier than control patients.”

A recent Meta ad for eyes that VR headsets could eventually help doctors practice surgery on virtual patients, theoretically reducing risk when they go for the real thing.

Beleaguered Kraken CEO resigns


Jess Powell, co-founder and CEO of Kraken, has officially stepped down. Kraken — currently the second-largest crypto exchange platform in the US and the fourth-largest in the world, according to crypto industry tracker CoinMarketCap — published a “leadership succession plan” on its website earlier this week, saying Powell would join the will remain in the company as chairman of the board, to be replaced as chief executive by Dave Ripley, formerly the company’s chief operations officer.

According to The New York Times, Powell became embroiled in a conflict with some Kraken employees earlier this year over his views on the use of preferred pronouns and differences in intelligence levels between men and women. A number of employees have reportedly chosen to leave the company. It was also recently announced that the Ministry of Finance Kraken research for alleged violation of US sanctions.

Twitch tackles live streams of crypto gambling


After being criticized by some viewers and streamers for its reluctance to take action against live streams of crypto gambling on its platform, Twitch has decided to take action. On Tuesday, the popular streaming platform announced in a statement posted on Twitter that it will ban the live streaming of gambling sites using crypto assets from its platform, effective October 18. The “policy update” will “prohibit streaming of slots, roulette or dice games that are not licensed in the US or other jurisdictions that provide adequate consumer protections,” the statement said. Stake.com, Rollbit.com, Roobet.com and Duelbets. com were specifically mentioned. The statement also said other platforms are likely to be identified and banned in the future. “We will continue to allow websites that focus on sports betting, fantasy sports and poker,” the statement said.

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Dogecoin now the second largest proof-of-work cryptocurrency


For a cryptocurrency that started as a joke, Dogecoin has come a long way. After Ethereum has wrapped up its historical amalgamation last week – switching from a proof-of-work (PoW) system to the much more environmentally friendly proof-of-stake (PoS) system – Dogecoin became the world’s second largest PoW cryptocurrency by market cap (after Bitcoin), according to data from CoinMarketCap. It currently has the tenth largest market cap of all cryptocurrencies.

Dogecoin was founded in 2013 as an ironic cryptocurrency based on a meme. As of 2019, it became a social media darling of serial entrepreneur and the world’s richest person Elon Musk, causing the coin’s popularity and value to peak periodically. Despite its high current ranking, the current “crypto winter” has caused the value of Dogecoin to fall by more than 90% since its last peak in May 2021.

$160 million stolen in Wintermute hack


Crypto market maker Wintermute was hacked earlier this week, resulting in the theft of approximately $160 million worth of crypto assets, according to a tweet from the company’s founder and CEO, Evgeny Gaevoy. “We are solvent with twice that amount of equity,” he said in a follow-up tweet. He also reported that the company’s centralized financial and over-the-counter operations were unaffected by the hack.

Gaevoy ended his series of tweets with a request to the hacker (or hackers): “We are (still) open to treating this as a white hat, so if you are the attacker, get in touch.”

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The Wintermute hack is the latest in a recent series of cyber attacks targeting the crypto industry. In August, hackers stole millions of dollars worth of crypto from the Solana network. Earlier that same week, about $200 million stolen from crypto bridge platform Nomad.

Ricky Williams’ cannabis brand settles into the metaverse


NFL legend Ricky Williams is bringing his cannabis brand Highsman (a play about “Heisman”) to virtual reality. Described by the brand as “the first true virtual reality sports and cannabis experience,” the new virtual space – dubbed the “Highsman House” – kicks off with a Monday Night Football viewing party on September 26. A virtual pharmacy will also be available .

Highsman isn’t the only cannabis brand looking to capitalize on the metaverse lately. For example, in May, Cannaverse Technologies cannalanda virtual space where customers can both shop and learn about cannabis.

New NFT offers perks at concerts by Bad Bunny, Jack Harlow and Post Malone


Web3 brand Dancing Seahorse Labs announced the hitting of the Dancing Seahorse NFT on Tuesday. Legendary token holders will receive “exclusive access to the suite and memorable concert experiences” at upcoming concerts by Bad Bunny, Jack Harlow and Post Malone.

Spanking is one of the latest examples of how web3, and NFTs in particular, have been transforming the music industry. In addition to opening the door to exclusive events and perks, NFTs are also used by some artists to achieve a higher degree of financial autonomy.

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