THE FIRST REAL HOSPITAL IN THE METAVERSE Thumbay Group will open the first fully virtual hospital in the UAE. Patients will send their avatars to the metaverse. The healthcare provider has already started work on the project. “We will let patients see what a hospital looks like in the metaverse. This is done as part of medical tourism,” explained Dr. Tumbai Moidin. Thumbay Group offers augmented and virtual reality technologies to patients undergoing long-term treatment. The virtual hospital is designed to help people in other cases as well. For example, people with disabilities. Tumbai Moidin talked about how this might work. In his hospital there was a patient from Sri Lanka who was paralyzed after a car accident. Only his brain was functioning. The hospital provided him with AR and VR headsets. He could experience and virtually visit his home in Sri Lanka with the help of technology. This motivated him to recover as soon as possible and return home. Thumbay Group is integrating artificial intelligence for its initiative. The AI ​​will identify the patient at every stage of their healthcare experience. This will reduce the waiting time: his card will already be prepared at the registry, and the necessary medicines will be prepared in advance at the pharmacy. The UAE Health Organization has hired a company to train all of its doctors on how to work with patients in the metaverse. By the time the Thumbay Group launches the project, high-class specialists will be waiting in the metaverse for patients. #NFT

ENTHUSIAST EARNED $1 MILLION IN TWO DAYS SELLING NFT IN THE METAVERSE The DecentWorld platform launched a secondary marketplace last week. Within two days, users have earned millions of dollars trading NFTs. For example, user YB46 made over $1 million by selling his South Las Vegas Boulevard NFT. The user who bought South Las Vegas Boulevard is known as SomneukChina. According to platform statistics, this is his very first purchase in the DecentWorld metaverse. It's been a hot month for the project. Within a week of the launch of Collections, close to a thousand NFT streets were bought for $5 million. Currently, the total number of purchased virtual streets is 4,400 NFTs. This is almost double what it was two months ago. Before the innovations, users could only explore the digital streets on the metaverse map. The new feature allowed the generation of income from the purchase and creation of NFT streets, which completely changed the game. In addition to more than 700 base-level streets sold, 23 elite-level exclusive assets were purchased for $4.7 million. Now the developers have given players the opportunity to benefit from the sale and collection of street NFTs, while interacting with other users through a secondary marketplace. “We made the decision to launch a secondary marketplace so soon because we want to have a vibrant market and users who are looking forward to new releases. Thus, we enable our users to interact with each other during the search for assets, and also benefit from this interaction, ”the creators shared. #NFT

COINBASE NFT PLATFORM INTRODUCES NEW FEATURES TO KEEP TRADERS Amid the bear market, Coinbase has become more difficult to keep traders on its platform. Coinbase reached out directly to NFT traders to find out what they want to see on the platform. This approach has pushed Coinbase to roll out more attractive and easy-to-use features for its small user base. New features have already appeared on the platform, among which there are “Liked” and “Bulk Manage” tabs. This will allow users to edit the Insights page, notification center, and listing prices. Coinbase NFT has added the ability to put an NFT listing on Hold, as well as new search filters. Users can link up to 10 wallets to one account. Despite new features and tempting transaction fees, traders are reluctant to use the platform. According to representatives of the platform, since its launch, more than 8,202 new users have appeared. During the two months of the existence of the marketplace, more than 20,765 transactions were made with a trading volume of $2.9 million. At first glance, these numbers may seem high. But when compared with such leading platforms as OpenSea, these figures are small. In just one day, the volume of trading on OpenSea is more than $15.6 million. This explains why Coinbase NFT is actively introducing new features. This will help to attract more users, as well as increase sales. Currently, the site is focused on creating a monetization product. Many people are ambivalent about Coinbase NFT. However, representatives of the platform are optimistic that the company will be able to turn the tide by introducing new changes. #NFT

BANKS CHOOSE EXPERIENCE IN THE METAVERSE People have been interacting with their bank through platforms on mobile devices for a long time. The next step in technology development could be a digital experience in the metaverse. Last Friday, the Indian bank Union Bank of India launched a virtual room in the metaverse. Now the bank's clients can visit the bank without leaving their homes. So far, in the virtual bank you can get information about banking products. A digital experience requires a computer or a headset for immersive virtual reality. Union Bank of India followed big banks such as JP Morgan Chase, HSBC and Kookmin Bank as they successfully established themselves in the metaverse. The Indian bank has chosen the Kiyaverse platform, which has previously attracted strong interest from private and public banks in India. Kiyaverse also provides digital and banking services. Kiyaverse CEO Rajesh Mirjankar explained how the virtual approach differs from mobile banking. The Metaverse allows banks to use advanced technologies on the human experience, which greatly personalizes the interaction with each other. “The Metaverse can help restore the lively dialogue that is currently missing from digital channels. It will create a memorable experience for the next generation of customers, many of whom may never have to go to a bank branch in their lives,” experts say. The experience of banks in the metaverse can become more extensive, which will allow not only remote access to services, but also add a personal touch. Many experts conclude that banks are in the nascent stage of accepting the metaverse. They are exploring an immersive approach for the future of business. #NFT

STEPN'S PRICE MAY FALL SOON Experts warn STEPN users of the risk of a fall in the price of STEPN next week. It has to do with the Chinese regulator. The day of closing the accounts of users in mainland China is approaching. Due to the policy of the Chinese government, STEPN announced in May this year that it will stop providing services to Chinese users. On May 26, the price of the GST token reacted to this news by falling. The deadline for STEPN management to delete all accounts in China is this week, July 15th. In a statement, the team said it has not had any activities in mainland China since its founding. Meanwhile, the events of the next week may have a negative impact on the price of the cryptocurrency. For example, Huobi's recent exit from China has had a huge impact on its earnings. Huobi also faced harsh regulations and was forced to delete mainland user accounts. Experts will closely monitor the market on July 15th. For example, trader Ahmad Manasrah expects GMT price to fall to the $0.70 range. Following the May 26 announcement, the GMT price dropped sharply from $1.20 to $0.80. At the time of writing, the price of STEPN is trading at $1.01, up 0.13% over the past 24 hours, according to CoinMarketCap. GMT's market capitalization also dropped from $825 million to $613 million after the May announcement. During this time, the STEPN market never recovered. #NFT

META DEVELOPED A NEW ACCOUNT SYSTEM FOR A BETTER METAVERSE EXPERIENCE Even though Facebook changed its name to Meta and Zuckerberg announced a new direction for his company, Facebook and his login credentials remained unchanged. Now the situation is changing. Meta is making some changes to ensure that the new generation of users is not tied to the Facebook ecosystem. For Meta, as TechCrunch notes, Facebook is “a network that can still pay the bills, but is not where the company sees its future.” The other day, Mark Zuckerberg announced that he was introducing a new Meta account system. Users will now need a single Meta account for all Meta platforms. But the most interesting thing is not that. “We designed the new Meta account structure to give people more power and control over their VR experience,” Zuckerberg shared. This system will start working next month. It can be used with Meta's VR headsets. Zuckerberg notes that this will give more options for choosing how users will appear in the metaverse. New Meta accounts can optionally be linked to Facebook and Instagram, just like before. However, the user is now allowed to have multiple Meta accounts. This initiative solves the problem of users who did not want to use the same account for video games and social networks. The company said that by early next year, Meta accounts will become the standard login for VR users. Once the new system is implemented, VR users will be prompted to sign up with Meta and create a Meta Horizon profile, which will replace their Oculus account. It will become the base for user avatars to be used in the Quest ecosystem. #NFT

MOONDAO AND CHAINLINK TO SEND NFT OWNERS INTO SPACE MoonDAO is teaming up with Chainlink to expand the NFT ecosystem and send people into space. The VRF system will randomly select two NFT holders to fly into space. Space travel has always been out of reach for the general public. There are many factors to consider when choosing astronauts. And this choice has always been with government organizations such as NASA. Essentially, MoonDAO wants to decentralize access to spaceflight while helping organizations explore and explore space. In its latest funding round, MoonDAO has raised $8 million for a space flight. The company is now creating a grants program to explore ways to fund the needs of off-planet society. MoonDAO has reserved two seats on the Blue Origin rocket for spaceflight. Blue Origin is an American aerospace manufacturer and space flight services company. The organization was founded by Jeff Bezos in 2000. The entrepreneur also has big plans for the commercialization of space flights. Speaking about the collaboration with Chainlink, the head of MoonDAO, Pablo Moncada-Larrotis emphasizes: “Chainlink's VRF system plays a key role in our initiative. It will help select random NFT Ticket to Space owners to board the Blue Origin rocket. This is made possible by Chainlink technology, which makes the draw fair.” The company concludes that the two lucky ones can already start planning their space experience. #NFT

AUSTRALIAN OPEN AND ITS NFT PROJECT AWARDED AT CANNES LIONS 2022 The Australian Open and its NFT project AO Artball received the Bronze Lion for the most “innovative use of technology and platforms in sports”. The Australian Open hosted the first ever tennis tournament in the Decentraland metaverse. Match goers could enjoy an immersive experience in the Metaverse, walk through Melbourne Park, access behind-the-scenes footage, complete daily challenges and win unique NFTs. In a corner of the metaverse called the AO Metaverse, fans could watch replays, interviews, game breakdowns, and more for two weeks from anywhere in the world. The AO Artball NFT collection was made for the Australian Open. Not so long ago, token holders got the chance to face Stan Smith, the winner of 90 singles tournaments, seven Grand Slams, four ATP and WCT finals. By the way, representatives of the Australian Open tennis championship said that they were satisfied with the expectations that the metaverse gave them. And for future tournaments, they will continue to interact with web3 technologies. The Cannes Lions are a prestigious creative award. And the team behind the development of the AO Artball NFT project was pleased to receive the award. #NFT

BLOCKCHAIN ​​WILL SAVE BRANDS IN THE FIGHT AGAINST FAKE The use of blockchain by the fashion industry could put an end to brands' long-running fight against fakes. Here are the latest and greatest fashion industry initiatives in the web3 space. Brands LVMH, Prada and Cartier have joined forces to launch the Aura Blockchain platform, which aims to create digital twins of products manufactured by brands. The work is based on blockchain technology, which is distinguished by its transparency, which guarantees the authenticity of the created product. The Aura Blockchain platform is already creating blockchain-based digital identities for 20 brands. By the way, the platform has already released 17 million products. What information does the platform include in each product? The most basic - the date of manufacture, the type of material and the number of products. All this information is well encrypted in the bowels of the blockchain, so that it is difficult to get access to it, and therefore it is also impossible to fake it. By the way, car manufacturer Mercedes-Benz has also joined Aura Blockchain to create an NFT for car owners. Another striking example is the recent initiative of the fashion house Balmain. To draw attention to their collection of Unicorn trainer, the brand used NFT technologies. Recently, many fashion houses have been creating NFT collections not only to be in trend, but also to solve the problem of fakes. #NFT

NFT TRADING VOLUME ON THE ETHEREUM NETWORK DECLINED 70% IN JUNE According to Nansen, NFT trading volume on the Ethereum network has decreased by 55% over the past month, from 1.3 million ETH to just 584,000 ETH. This means a decrease from just under $2.6 billion to $672 million, which is about 70% in dollar terms. During this period, the price of Ethereum also fell – by about 43%. However, the prices of popular NFTs also did not rise to compensate for this fall. This means that, in general, funds change hands in a smaller amount. Among the five largest NFT collections on OpenSea, the average ETH prices remain more or less stable, but the price of Bored Ape Yacht Club is still hovering around 100 ETH. The exception is CryptoPunks, whose buy-in prices are up 48% thanks in part to Christie's head of digital sales becoming Punks' new head of brand this month. According to CryptoSlam, the average selling price of NFTs on the Ethereum network has dropped from $2,463 in May to just $703, a 71% drop. So, as the cryptocurrency bear market continues, NFTs in general are also bought cheaper. However, compared to May, the number of NFTs sold remains unchanged. In May, 1.478 million NFTs were traded on the OpenSea platform. In June, as of Wednesday, 1.476 million were sold. OpenSea also recorded a modest 6.5% increase in the number of users who made at least one trade on the marketplace. The number of active traders on the Ethereum network has decreased by 16% this month. So while total volume could drop by 55-70% in ETH and USD respectively, traders are still active. This suggests that NFT space enthusiasts have not given up hope amid the volatile cryptocurrency market. #NFT