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Report: Crypto Hedge Fund Three Arrows Capital Pitched a GBTC Arbitrage Trade Before Rumored Collapse

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Report: Crypto Hedge Fund Three Arrows Capital Pitched a GBTC Arbitrage Trade Before Rumored Collapse

Report: Crypto Hedge Fund Three Arrows Capital Pitched a GBTC Arbitrage Trade Before Rumored Collapse

Last week there was a lot of focus on the crypto hedge fund Three Arrows Capital (3AC) as the firm allegedly had a great deal of leveraged positions liquidated and there’s been speculation about insolvency. According to a recent report, 3AC’s over-the-counter (OTC) operation TPS Capital pitched a GBTC arbitrage opportunity before the company reportedly failed to meet margin calls.

3AC Co-Founder Says ‘Terra-Luna Situation Caught Us Very Much off Guard’ — FTX CEO Sam Bankman-Fried Insists Problems Like 3AC Couldn’t Have Happened With an Onchain Protocol

Before June 14, which was the last day Su Zhu tweeted, the co-founder of Three Arrows Capital Ltd. (3AC) was very active on Twitter. Since then, Zhu and 3AC co-founder Kyle Davies are not active on social media at all, but the silence has not stopped people from investigating the company. This is because various reports indicate that 3AC positions were liquidated and some reports speculate that the Terra LUNA and UST fallout crippled the company with “massive losses.” The same account indicates that it’s possible that it caused 3AC “to use more leverage to earn it back. Also known as ‘Revenge trading,’” the report added.

On June 17, it was reported by Reuters and the Wall Street Journal (WSJ) that 3AC was “exploring options, including the sale of assets and a bailout by another firm.” Davies spoke with the WSJ and he told the press that the “Terra-Luna situation caught us very much off guard.” Additionally, Michael Moro, the CEO of Genesis Trading, explained on Twitter that the firm “mitigated our losses” against a large counterparty that did not meet a margin call. He also added that no Genesis Trading client funds were impacted.

Then ​​the FTX CEO Sam Bankman-Fried spoke about 3AC on June 19, and he stressed that issues like 3AC’s financial meltdown “couldn’t have happened with an on-chain protocol that was transparent.” Bankman-Fried’s statement stemmed from a question that asked how the crypto industry can ensure that a 3AC moment does not happen again.

Report Says 3AC’s OTC Desk TPS Capital Pitched a GBTC-Linked Trade Before the Alleged Collapse

Additionally, The Block reporter Frank Chaparro published a report that said “days before Three Arrows Capital blew up it was pitching investors on a new arbitrage trade.” Chaparro detailed that The Block reviewed investment documents that were allegedly pitched to investors by TPS Capital and the arbitrage opportunity involved GBTC, the Grayscale exchange-traded product tied to bitcoin (BTC). “They pitched to so many people,” an individual familiar with the matter told Chaparro.

“Three Arrows’ pitch was to structure a trade for counterparties that would offer the upside of the discount collapsing as the deadline neared for the SEC decision,” Chaparro wrote. “GBTC currently trades at a 33.75% discount to the price of Bitcoin, which it is meant to track.” Similar to the Celsius situation, the public has not really heard from anyone tied to 3AC. Although, the Celsius Network team did publish a blog post that noted the “process will take time.”

What do you think about the 3AC situation and the firm’s alleged GBTC arbitrage opportunity? Let us know what you think about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Sam Bankman-Fried provides bailouts, ‘Bitcoin dead’ searches soar, and debate over hidden themes behind BAYC continues: Hodlers Digest, June 19–25

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Sam Bankman-Fried provides bailouts, ‘Bitcoin dead’ searches soar, and debate over hidden themes behind BAYC continues: Hodlers Digest, June 19–25

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.

Top Stories This Week

SBF and Alameda step in to prevent crypto collapse contagion

Sam Bankman-Fried stated on June 20 that his firms Alameda Research and FTX would be “stepping in” to help companies with liquidity troubles amid the current bear market. Over the course of the week, Alameda dished out a loan of roughly $500 million to Voyager Digital, which is suffering from exposure to the potentially insolvent Three Arrows Capital, while FTX supplied BlockFi with $250 million worth of credit.

New video revives debate over Bored Ape Yacht Club’s alleged ‘racist’ imagery

YouTuber Philip Rusnack, known as Philion, published a video this week on Yuga Labs’ Bored Ape Yacht Club nonfungible token (NFT) project, arguing that the team has embedded alt-right inside jokes, Nazi imagery and racist caricatures of Black and Asian people in the artwork depicted in the tokenized avatars. Such a notion has been a long-running conspiracy theory in the NFT community, and while many people laugh it off, others take the supposed evidence as gospel.

‘Bitcoin dead’ Google searches hit new all-time high

With Bitcoin crashing back down to the lower $20,000s, Google searches for “Bitcoin dead” spiked in the week of Friday, June 18, and hit some of the highest levels on record. Google Trends tracks search interest over time and assigns scores of 1 to 100 based on the total number of user searches. During this period, “Bitcoin dead” achieved a perfect score of 100.

Bitcoin S2F model gives false sense of certainty, says Vitalik Buterin

Ethereum co-founder Vitalik Buterin has critiqued the stock-to-flow (S2F) model popularized by pseudonymous investor PlanB. The BTC-focused S2F drew significant attention during the bull run last year, as it went on a relatively long streak of accurate predictions before falling way off the mark in late 2021. Commenting on the S2F model, Buterin noted, “I know it’s impolite to gloat and all that, but I think financial models that give people a false sense of certainty and predestination that number-will-go-up are harmful and deserve all the mockery they get.”

Solend invalidates Solana whale wallet takeover plan with second governance vote

Solana-based DeFi lending protocol Solend created a counter governance vote to the controversial “SLND1 : Mitigate Risk From Whale” poll this week after listening to the strong pushback from the community. The initial vote was intended to allow Solend to reduce the market risk of a massive whale’s potential liquidation by letting the platform access the whale’s wallet. However, the idea has been vetoed after the countervote polled 1,480,264 votes in favor of not going through with the whale takeover.

Winners and Losers

At the end of the week, Bitcoin (BTC) is at $21,241.99, Ether (ETH) at $1,214.06 and XRP at $0.37. The total market cap is at $952 billion, according to CoinMarketCap.

Among the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are Storj (STORJ) at 89.27%, Synthetic (SNX) at 74.21% and Polygon (MATIC) at 51.76%. 

The top three altcoin losers of the week are Harmony (ONE) at 4.06%, KuCoin Token (KCS) at 1.93% and PAX Gold (PAXG) at 1.55%.

For more info on crypto prices, make sure to read Cointelegraph’s market analysis.

Most Memorable Quotations

“Particularly in the area of digital asset trading, I feel that the UK has missed a trick […] We are getting very close to the point where it will be too late. Other jurisdictions are racing ahead of us.” 

Philip Hammond, former U.K. Chancellor of the Exchequer 

“In short, they are just ‘bad’ projects. These should not be saved. Sadly, some of these ‘bad’ projects have a large number of users, often acquired through inflated incentives, ‘creative’ marketing, or pure Ponzi schemes.” 

Changpeng Zhao, founder and CEO of Binance 

“The SEC now seems to take the position when they sued us that ‘XRP is a security and always has been,’ but they approved Coinbase going public even though Coinbase is not a registered broker-dealer.” 

Brad Garlinghouse, CEO of Ripple

“Web3 and crypto, in general, is very market-driven, so you have highs and downs. When we build, we always are considering the long game.” 

Stani Kulechov, founder and CEO of Aave 

“When things are a bit harder in the market, you discover who’s actually building something that might last for the long longer term and what is going to pass away.” 

Hester Peirce, commissioner of the SEC 

“Even if we weren’t the ones who caused it, or weren’t involved in it. I think that’s what’s healthy for the ecosystem, and I want to do what can help it grow and thrive.” 

Sam Bankman-Fried, founder of Alameda Research

Prediction of the Week 

‘Foolish’ to deny Bitcoin price can go under $10K — Analysis

With the price of BTC hovering around $20,000 and the Fed yet to reveal any new information regarding efforts to reel in inflation, crypto commentators have argued that the outlook of the price in the immediate term is uncertain. However, a potential fresh pullback may only involve a trip to $16,000, according to some, while others have urged investors to consider a drop to $10,000 as a potential scenario also. 

“Consolidating $BTC in a broad range and then going up. MDD (maximum drawdown) is not that big like -20%,” Ki Young Ju, CEO of on-chain analytics platform CryptoQuant, wrote in part of a Twitter post.

“At this stage, nobody can say with certainty whether BTC will hold this range or if it will go to sub $10K price levels ever again, but it would be foolish not to have a plan for that possibility,” a tweet argued.

FUD of the Week 

Harmony’s Horizon Bridge hacked for $100M

The Horizon Bridge to the Harmony layer-1 blockchain was exploited for $100 million worth of altcoins on June 24. From 7:08 am EST until 7:26 am EST, 11 transactions were made from the bridge for various tokens before sending the tokens off to Uniswap to exchange for ETH. The Harmony team said it is working with “national authorities and forensic specialists” to determine who was responsible, and a post-mortem will follow.

China’s WeChat bans crypto and NFT-related accounts

Social media and payments app giant WeChat updated its policies to ban accounts that provide access to crypto or NFT-related services. Under the new guidelines, accounts involved with the issuance, trading and financing of crypto and NFTs will be categorized as an “illegal business” and will either be restricted or banned outright.

Iranian government to cut power supply for the country’s legal crypto mining rigs

According to reports from local media outlets this week, Iran’s Ministry of Energy will have started shutting off the power supply to all of the country’s licensed crypto mining firms by the beginning of July. The government entity cited a potential electricity deficit during the peak summer season as the reason.

Best Cointelegraph Features

The community-centered approach to Web3 — Aave founder and CEO

“What if we actually can have ownership on our own presence in social media — our profiles, our social identities?” asked Stani Kulechov.

Is there a way for the crypto sector to avoid Bitcoin’s halving-related bear markets?

BTC’s high volatility and halving-related bear markets tend to drag down investment and interest in the entire crypto market. Can this be avoided?

Lummis–Gillibrand crypto bill comprehensive but still creates division

The senators introduced new approaches to familiar questions concerning digital assets and how to divide regulatory responsibilities. 

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Bitcoin may still see ‘wild’ weekend as BTC price avoids key $22K zone

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Bitcoin may still see ‘wild’ weekend as BTC price avoids key $22K zone

Bitcoin (BTC) focused on $21,000 into the weekend amid warnings that volatility could still consume the market before Monday.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

S&P 500 sees second best week of 2022

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD broadly higher in its recent trading range after U.S. stocks ended the week strong.

As noted by markets commentators Holger Zschaepitz, the S&P 500 sealed its second best week of 2022, indicative of modest relief across risk assets.

In case you missed it: S&P 500 has gained >6% in 2nd-best week of 2022 as disinflationary forces gather steam & #Fed tightening expectations recede. Investors now see the key interest rate at only 3.4% at the end of 2022, a full 35bps lower than at the start of the week. pic.twitter.com/pE4TsrXXAp

— Holger Zschaepitz (@Schuldensuehner) June 25, 2022

Bitcoin was on track to log slights gains at its weekly close, the first weekly green candle — albeit small — since May.

Before then, however, anything could happens, according to on-chain analytics resource Material Indicators (MI).

Referencing recent weekend price action, MI recommended Twitter followers not to be complacent in the absence of weekday volume.

“If BTC can take out the 200 WMA there is room to run,” part of one post read.

“Wknds have been wild so buckle up. A retest of the lows can come as fast as a rip to $24k.”

An attached chart of order book data from largest global exchange Binance offered a glimpse into buy and sell plans from traders. Below spot price, there was little support in terms of volume until $19,000, while conversely, heavy resistance lay just north of $22,000. 

Binance BTC/USD order book data chart. Source: Material Indicators/ Twitter

That level marked the key 200-week moving average (WMA) for BTC/USD, this being necessary for bears to reclaim to change the trend, various sources believe.

Altcoins set for first green week since March

Altcoins were also calm on the day while eyeing an impressive week of gains within the gloomy overall macro market context.

Related: Ethereum price breaks out as ‘bad news is good news’ for stocks

In the top ten cryptocurrencies by market cap, several tokens stood around 30% higher than seven days previously at the time of writing.

Among them was Ether (ETH), up 28% and lingering around $1,200.

In a dedicated order book post, MI noted that ETH/USD had also performed a retest of the 200WMA, but that trouble could still lie ahead.

#ETH with a legit retest of the 200 WMA on volume of the latest Trend Precognition signal. Want to see next week’s candle w/ a clean open and close above it without another sweep of the lows to validate. Concerned the 21 WMA will cross the 100 WMA and trigger another dump. #NFA pic.twitter.com/aLOXFideJX

— Material Indicators (@MI_Algos) June 24, 2022

Elsewhere, Shiba Inu (SHIB) was up 50% versus last week, while Polygon (MATIC) stole the show with 70% weekly gains.

MATIC/USD 1-day candle chart (Binance). Source: TradingView

For Cointelegraph contributor Michaël van de Poppe, there was still every reason to enter crypto markets now.

“From an investment thesis (all things ceteris paribus), it’s a great period to look for those altcoins that you want to have,” he told Twitter followers.

“In 2021, everyone dreamed of buying those at those low price values. Now the chances are there and people don’t dare to make the decision. Typical.”

On the weekly basis, the altcoin market cap was up $37 billion over the week, set for its first green candle since March.

Altcoin market cap 1-week candle chart. Source: TradingView

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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Can Metaverse technology enhance human-AI efficiency?

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Can Metaverse technology enhance human-AI efficiency?
You must confirm the subscription in your inbox.”,”subscribe_email_required”:”Email required”,”subscribe_email_invalid”:”A valid email address must be provided. “,”shares”:”Total shares”,”views”:”Total views”,”sponsoredBadge”:”stretch_banners.sponsored.badge”}” :post=”{“id”:88742,”seo_title”:”Can Metaverse technology enhance human-AI efficiency?”,”seo_description”:”How will AI be used in the metaverse? Can AI and blockchain work together? A dive into the future of AI aligned with blockchain”,”keywords”:”Blockchain,Metaverse,AI,Technology,Virtual Reality,NFT”,”canonical”:”https://cointelegraph.com/explained/can-metaverse-technology-enhance-human-ai-efficiency”,”thumb”:”https://images.cointelegraph.com/images/1024_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9jYTgwNzE1YmNjMjU5M2E1NmY1NTZmM2FlMWQ3MzExZS5qcGc=.jpg”,”img”:”https://images.cointelegraph.com/images/2048_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9jYTgwNzE1YmNjMjU5M2E1NmY1NTZmM2FlMWQ3MzExZS5qcGc=.jpg”,”youtube”:””,”og_title”:”Can Metaverse technology enhance human-AI efficiency?”,”og_description”:”How will AI be used in the metaverse? Can AI and blockchain work together? A dive into the future of AI aligned with blockchain.”,”twitter_title”:”Can Metaverse technology enhance human-AI efficiency?”,”twitter_description”:”How will AI be used in the metaverse? Can AI and blockchain work together? A dive into the future of AI aligned with blockchain.”,”published”:”2022-06-25T15:00:00+01:00″,”noindex”:0,”modified”:”2022-06-25T19:11:48+01:00″,”title”:”Can Metaverse technology enhance human-AI efficiency?”,”leadtext”:”How will AI be used in the metaverse? Can AI and blockchain work together? A dive into the future of AI aligned with blockchain.”,”amp”:”https://cointelegraph.com/explained/can-metaverse-technology-enhance-human-ai-efficiency/amp”,”alternates”:{“es”:”https://es.cointelegraph.com/explained/can-metaverse-technology-enhance-human-ai-efficiency”},”alternatesLinks”:{“es”:”https://es.cointelegraph.com/explained/can-metaverse-technology-enhance-human-ai-efficiency”},”url”:”can-metaverse-technology-enhance-human-ai-efficiency”,”url_full”:”/explained/can-metaverse-technology-enhance-human-ai-efficiency”,”category”:{“id”:65,”url”:”explained”,”priority”:0,”created”:null,”modified”:null,”parent_id”:0,”is_hidden”:0,”created_at”:”-0001-11-30 00:00:00″,”updated_at”:”2022-02-22 18:25:15″,”deleted_at”:null,”admin_weight”:30,”enabled”:1,”is_blog”:0,”relevant”:0,”category_id”:65,”language_id”:1,”title”:”Explained”,”alt”:””,”keywords”:””,”seo_title”:”Explained: articles for beginners about cryptocurrency and blockchain.”,”description”:”

What is Bitcoin? How does blockchain work? How to mine cryptocurrency? We are glad to help you answer these questions with our quick guides in Explained section.

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A harbinger of the new era of digital connectivity, the metaverse combines blockchain with AI (artificial intelligence), VR (virtual reality) and AR (augmented reality), collectively known as XR (extended reality) experiences.

nn

A metaverse is a 3D virtual world accessed through a VR headset. Users can navigate this world through their eye movements, voice commands and feedback controllers. With the headset, the user can feel the immersive world and see the metaverse in action. People interact with each other via avatars and participate in activities like gaming, shopping and more.

nn

According to a report by Emergen Research, the metaverse market will reach across $800 billion by 2028. Applications of metaverse technology include gaming, education, commerce, government services, socializing and many more.

nnnn”,”created_at”:”2022-06-25 14:21:29″,”updated_at”:”2022-06-25 19:11:56″,”sort”:1,”translations”:{“id”:3527,”explained_post_id”:3534,”title_en”:”What is a metaverse?”,”content_en”:”

A harbinger of the new era of digital connectivity, the metaverse combines blockchain with AI (artificial intelligence), VR (virtual reality) and AR (augmented reality), collectively known as XR (extended reality) experiences.

nn

A metaverse is a 3D virtual world accessed through a VR headset. Users can navigate this world through their eye movements, voice commands and feedback controllers. With the headset, the user can feel the immersive world and see the metaverse in action. People interact with each other via avatars and participate in activities like gaming, shopping and more.

nn

According to a report by Emergen Research, the metaverse market will reach across $800 billion by 2028. Applications of metaverse technology include gaming, education, commerce, government services, socializing and many more.

nnnn”,”title_es”:”¿Qué es un metaverso?”,”content_es”:”

El metaverso, precursor de la nueva era de la conectividad digital, combina la blockchain con la IA (inteligencia artificial), la RV (realidad virtual) y la RA (realidad aumentada), conocidas colectivamente como experiencias de RX (realidad extendida).

nn

Un metaverso es un mundo virtual en 3D al que se accede a través de unos auriculares de RV. Los usuarios pueden navegar por este mundo a través de sus movimientos oculares, comandos de voz y controladores de retroalimentación. Con los auriculares, el usuario puede sentir el mundo inmersivo y ver el metaverso en acción. Las personas interactúan entre sí a través de avatares y participan en actividades como juegos, compras y otras.

nn

Según un informe de Emergen Research, el mercado metaverso alcanzará los USD 800,000 millones en 2028. Las aplicaciones de la tecnología de metaverso incluyen los juegos, la educación, el comercio, los servicios gubernamentales, la socialización y muchas más.

nnn”,”title_cn”:””,”content_cn”:”nn”,”title_de”:””,”content_de”:”nn”,”title_fr”:””,”content_fr”:”nn”,”title_it”:””,”content_it”:”nn”,”title_ar”:””,”content_ar”:”nn”,”title_br”:””,”content_br”:”nn”,”title_jp”:””,”content_jp”:”nn”,”created_at”:”2022-06-25 14:21:29″,”updated_at”:”2022-06-25 19:11:56″,”title_kr”:””,”content_kr”:”nn”,”title_tr”:””,”content_tr”:”nn”}},{“id”:3535,”post_id”:88742,”title”:”What is AI?”,”content”:”

AI refers to machines simulating human intelligence processes.

nn

AI is a branch of computer science focused on building smart machines capable of mimicking human intelligence. Algorithms powering AI systems analyze colossal amounts of labeled training data for correlations and patterns, and use these patterns to come up with predictions. AI systems can process data much faster and more accurately than humans.

nn

Applications of AI include smart assistants like Alexa, self-driving cars, conversational bots, Robo advisors, email spam filters, etc. and now, metaverses. As a result, how AI will shape the metaverse has become a regular topic of discussion in tech circles.

nnnn”,”created_at”:”2022-06-25 14:21:55″,”updated_at”:”2022-06-25 19:11:55″,”sort”:2,”translations”:{“id”:3528,”explained_post_id”:3535,”title_en”:”What is AI?”,”content_en”:”

AI refers to machines simulating human intelligence processes.

nn

AI is a branch of computer science focused on building smart machines capable of mimicking human intelligence. Algorithms powering AI systems analyze colossal amounts of labeled training data for correlations and patterns, and use these patterns to come up with predictions. AI systems can process data much faster and more accurately than humans.

nn

Applications of AI include smart assistants like Alexa, self-driving cars, conversational bots, Robo advisors, email spam filters, etc. and now, metaverses. As a result, how AI will shape the metaverse has become a regular topic of discussion in tech circles.

nnnn”,”title_es”:”¿Qué es la Inteligencia Artificial (IA)?”,”content_es”:”

La IA se refiere a las máquinas que simulan los procesos de la inteligencia humana.

nn

La IA es una rama de la informática centrada en la construcción de máquinas inteligentes capaces de imitar la inteligencia humana. Los algoritmos de los sistemas de IA analizan cantidades colosales de datos de entrenamiento etiquetados en busca de correlaciones y patrones, y utilizan estos patrones para hacer predicciones. Los sistemas de IA pueden procesar los datos mucho más rápido y con mayor precisión que los humanos.

nn

Las aplicaciones de la IA incluyen asistentes inteligentes como Alexa, coches que se conducen solos, bots conversacionales, asesores robóticos, filtros de correo electrónico, etc. y ahora, metaversos. En consecuencia, la forma en que la IA dará forma al metaverso se ha convertido en un tema de debate habitual en los círculos tecnológicos.

nnn”,”title_cn”:””,”content_cn”:”nn”,”title_de”:””,”content_de”:”nn”,”title_fr”:””,”content_fr”:”nn”,”title_it”:””,”content_it”:”nn”,”title_ar”:””,”content_ar”:”nn”,”title_br”:””,”content_br”:”nn”,”title_jp”:””,”content_jp”:”nn”,”created_at”:”2022-06-25 14:21:55″,”updated_at”:”2022-06-25 19:11:55″,”title_kr”:””,”content_kr”:”nn”,”title_tr”:””,”content_tr”:”nn”}},{“id”:3536,”post_id”:88742,”title”:”How do AI, blockchain and XR work together?”,”content”:”

The technologies involved infuse tons of potential use cases in the metaverse, leaving imagination as the only restriction.

nn

XR has created a virtual world that never existed before. Blockchain brings decentralization, resulting in the elimination of the centralized governing authority, transparency and irreversible transactions.

nn

Nonfungible tokens (NFTs), a core component of the metaverse, are a product of the blockchain. All objects in the metaverse — land, vehicles, ships, gift items — are also basically NFTs. Take out NFTs and the metaverse falls crashing.

nn

Artificial intelligence in the metaverse enables you to overcome obstacles like poor interactive quality and create new products such as live virtual conferences. It adds to the intuitive interfaces and predictive capabilities of the metaverse. This not only makes life easier for the avatars but games more dynamic, interactions more engaging and businesses more successful.

nnnn”,”created_at”:”2022-06-25 14:22:28″,”updated_at”:”2022-06-25 19:11:55″,”sort”:3,”translations”:{“id”:3529,”explained_post_id”:3536,”title_en”:”How do AI, blockchain and XR work together?”,”content_en”:”

The technologies involved infuse tons of potential use cases in the metaverse, leaving imagination as the only restriction.

nn

XR has created a virtual world that never existed before. Blockchain brings decentralization, resulting in the elimination of the centralized governing authority, transparency and irreversible transactions.

nn

Nonfungible tokens (NFTs), a core component of the metaverse, are a product of the blockchain. All objects in the metaverse — land, vehicles, ships, gift items — are also basically NFTs. Take out NFTs and the metaverse falls crashing.

nn

Artificial intelligence in the metaverse enables you to overcome obstacles like poor interactive quality and create new products such as live virtual conferences. It adds to the intuitive interfaces and predictive capabilities of the metaverse. This not only makes life easier for the avatars but games more dynamic, interactions more engaging and businesses more successful.

nnnn”,”title_es”:”¿Cómo funcionan juntos AI, blockchain y XR?”,”content_es”:”

Las tecnologías involucradas infunden una multitud de casos de potencial uso en el metaverso, dejando la imaginación como única restricción.

nn

XR ha creado un mundo virtual que nunca antes había existido. Blockchain aporta descentralización, lo que se traduce en la eliminación de la autoridad de gobierno centralizada, transparencia y transacciones irreversibles.

nn

Los tokens no fungibles (NFT), un componente central del metaverso, son un producto de la blockchain. Todos los objetos del metaverso —tierra, vehículos, barcos, artículos de regalo— son también básicamente NFT. Si se eliminan los NFT, el metaverso se desmorona.

nn

La inteligencia artificial en el metaverso permite superar obstáculos como la mala calidad interactiva y crear nuevos productos, como conferencias virtuales en directo. Se suma a las interfaces intuitivas y a la capacidad de predicción del metaverso. Esto no solo facilita la vida de los avatares, sino que hace que los juegos sean más dinámicos, las interacciones más atractivas y los negocios más exitosos.

nnn”,”title_cn”:””,”content_cn”:”nn”,”title_de”:””,”content_de”:”nn”,”title_fr”:””,”content_fr”:”nn”,”title_it”:””,”content_it”:”nn”,”title_ar”:””,”content_ar”:”nn”,”title_br”:””,”content_br”:”nn”,”title_jp”:””,”content_jp”:”nn”,”created_at”:”2022-06-25 14:22:28″,”updated_at”:”2022-06-25 19:11:55″,”title_kr”:””,”content_kr”:”nn”,”title_tr”:””,”content_tr”:”nn”}},{“id”:3537,”post_id”:88742,”title”:”What were the challenges hindering the metaverses?”,”content”:”

Metaverse technology has been confronting challenges that stemmed from its immense growth potential.

nn

As technologies, the VR and AR of the previous era had their limitations such as a lack of vision of the surroundings and graphical restrictions. Activities on the metaverse are simply not as engaging as those in the real world or even regular online games.

nn

Self-reliance is another aspect where many metaverses were struggling. In the initial phase of the metaverses, there was simply not enough technical sophistication and footfalls to create adequate use cases to keep the economy rolling. Thanks to advancements in VR and AR, and the integration of metaverses with AI, use cases are increasing and subsequently, options for monetization.

nn

Like any new technology, metaverses were also facing adoption issues, though this is gradually changing with projects like Decentraland (MANA), The Sandbox (SAND) and now MeetKai metaverse. On Decentraland, participants can buy and sell virtual real estate while exploring exhilarating games. Sandbox offers a gaming ecosystem that enables users to create, share and monetize gaming assets whereas Meetkai has created a realistic metaverse that is qualitatively better than the real world, thanks to its integration with AI.

nn

The sophisticated integration of XR and AI technologies has resulted in more engaging virtual worlds, resulting in better adoption and subsequently, more revenues for all stakeholders in the ecosystem.

nnnn”,”created_at”:”2022-06-25 14:23:31″,”updated_at”:”2022-06-25 19:11:55″,”sort”:4,”translations”:{“id”:3530,”explained_post_id”:3537,”title_en”:”What were the challenges hindering the metaverses?”,”content_en”:”

Metaverse technology has been confronting challenges that stemmed from its immense growth potential.

nn

As technologies, the VR and AR of the previous era had their limitations such as a lack of vision of the surroundings and graphical restrictions. Activities on the metaverse are simply not as engaging as those in the real world or even regular online games.

nn

Self-reliance is another aspect where many metaverses were struggling. In the initial phase of the metaverses, there was simply not enough technical sophistication and footfalls to create adequate use cases to keep the economy rolling. Thanks to advancements in VR and AR, and the integration of metaverses with AI, use cases are increasing and subsequently, options for monetization.

nn

Like any new technology, metaverses were also facing adoption issues, though this is gradually changing with projects like Decentraland (MANA), The Sandbox (SAND) and now MeetKai metaverse. On Decentraland, participants can buy and sell virtual real estate while exploring exhilarating games. Sandbox offers a gaming ecosystem that enables users to create, share and monetize gaming assets whereas Meetkai has created a realistic metaverse that is qualitatively better than the real world, thanks to its integration with AI.

nn

The sophisticated integration of XR and AI technologies has resulted in more engaging virtual worlds, resulting in better adoption and subsequently, more revenues for all stakeholders in the ecosystem.

nnnn”,”title_es”:”¿Cuáles fueron los desafíos que obstaculizaron los metaversos?”,”content_es”:”

La tecnología del metaverso se ha enfrentado a retos derivados de su inmenso potencial de crecimiento.

nn

Como tecnologías, la VR y la AR de la era anterior tenían sus limitaciones, como la falta de visión del entorno y las restricciones gráficas. Las actividades en el metaverso simplemente no son tan atractivas como las del mundo real o incluso los juegos online normales.

nn

La autosuficiencia es otro aspecto en el que muchos metaversos tenían dificultades. En la fase inicial de los metaversos, simplemente no había suficiente sofisticación técnica ni pisadas para crear casos de uso adecuados para mantener la economía en marcha. Gracias a los avances en VR y AR, y a la integración de los metaversos con la IA, los casos de uso están aumentando y, en consecuencia, las opciones de monetización.

nn

Como cualquier tecnología nueva, los metaversos también se enfrentan a problemas de adopción, aunque esto está cambiando gradualmente con proyectos como Decentraland (MANA), The Sandbox (SAND) y ahora el metaverso MeetKai. En Decentraland, los participantes pueden comprar y vender bienes inmuebles virtuales mientras exploran emocionantes juegos. Sandbox ofrece un ecosistema de juegos que permite a los usuarios crear, compartir y monetizar activos de juego, mientras que Meetkai ha creado un metaverso realista que es cualitativamente mejor que el mundo real, gracias a su integración con la IA.

nn

La sofisticada integración de las tecnologías XR e IA ha dado lugar a mundos virtuales más atractivos, lo que se traduce en una mejor adopción y, posteriormente, en más ingresos para todas las partes interesadas en el ecosistema.

nnn”,”title_cn”:””,”content_cn”:”nn”,”title_de”:””,”content_de”:”nn”,”title_fr”:””,”content_fr”:”nn”,”title_it”:””,”content_it”:”nn”,”title_ar”:””,”content_ar”:”nn”,”title_br”:””,”content_br”:”nn”,”title_jp”:””,”content_jp”:”nn”,”created_at”:”2022-06-25 14:23:31″,”updated_at”:”2022-06-25 19:11:55″,”title_kr”:””,”content_kr”:”nn”,”title_tr”:””,”content_tr”:”nn”}},{“id”:3538,”post_id”:88742,”title”:”What is the mixed reality metaverse?”,”content”:”

The amalgamation of AI with XR has led to the phenomenon of mixed reality (MR) metaverse.

nn

To date, human-AI interaction has been usually limited to the B2B world. However, projects are emerging now that showcase AI integration into B2C. Meetkai, for instance, demonstrates how efficient life could be with human-AI integration. Leveraging AI-enabled tech, Meetkai enhances regular real-life experiences like shopping, working in an office and engaging in outdoor activities like hiking, trekking, etc.

nn

While lying in their beds, users can not only try apparel in the metaverse store of their favorite brand and bargain with the sellers live but also have their purchases delivered to their doorsteps. They can also work in their virtual office with a complete set of productivity tools.

nn

Look around and you will find a staggering number of metaverse projects on games, say Roblox, Blocktopia, Nakamoto and so on. This suggests that the arrival of the mixed reality metaverse is an epoch-changing event in the domain of metaverses.

nnnn”,”created_at”:”2022-06-25 14:24:01″,”updated_at”:”2022-06-25 19:11:50″,”sort”:5,”translations”:{“id”:3531,”explained_post_id”:3538,”title_en”:”What is the mixed reality metaverse?”,”content_en”:”

The amalgamation of AI with XR has led to the phenomenon of mixed reality (MR) metaverse.

nn

To date, human-AI interaction has been usually limited to the B2B world. However, projects are emerging now that showcase AI integration into B2C. Meetkai, for instance, demonstrates how efficient life could be with human-AI integration. Leveraging AI-enabled tech, Meetkai enhances regular real-life experiences like shopping, working in an office and engaging in outdoor activities like hiking, trekking, etc.

nn

While lying in their beds, users can not only try apparel in the metaverse store of their favorite brand and bargain with the sellers live but also have their purchases delivered to their doorsteps. They can also work in their virtual office with a complete set of productivity tools.

nn

Look around and you will find a staggering number of metaverse projects on games, say Roblox, Blocktopia, Nakamoto and so on. This suggests that the arrival of the mixed reality metaverse is an epoch-changing event in the domain of metaverses.

nnnn”,”title_es”:”¿Qué es el metaverso de realidad mixta?”,”content_es”:”

La fusión de la IA con la RX ha dado lugar al fenómeno del metaverso de la realidad mixta (RM).

nn

Hasta la fecha, la interacción entre el ser humano y la IA se ha limitado normalmente al mundo B2B. Sin embargo, ahora están surgiendo proyectos que muestran la integración de la IA en el B2C. Meetkai, por ejemplo, demuestra lo eficiente que podría ser la vida con la integración de la IA con el ser humano. Aprovechando la tecnología basada en la IA, Meetkai mejora las experiencias habituales de la vida real, como ir de compras, trabajar en una oficina o realizar actividades al aire libre como el senderismo, el trekking, etc.

nn

Mientras están tumbados en sus camas, los usuarios no solo pueden probarse ropa en la tienda del metaverso de su marca favorita y regatear con los vendedores en directo, sino que también pueden recibir sus compras en la puerta de su casa. También pueden trabajar en su oficina virtual con un completo conjunto de herramientas de productividad.

nn

Si miramos a nuestro alrededor, encontraremos un número asombroso de proyectos de metaversos en juegos como Roblox, Blocktopia, Nakamoto, etc. Esto sugiere que la llegada del metaverso de realidad mixta es un acontecimiento que cambia la época en el ámbito de los metaversos.

nnn”,”title_cn”:””,”content_cn”:”nn”,”title_de”:””,”content_de”:”nn”,”title_fr”:””,”content_fr”:”nn”,”title_it”:””,”content_it”:”nn”,”title_ar”:””,”content_ar”:”nn”,”title_br”:””,”content_br”:”nn”,”title_jp”:””,”content_jp”:”nn”,”created_at”:”2022-06-25 14:24:01″,”updated_at”:”2022-06-25 19:11:50″,”title_kr”:””,”content_kr”:”nn”,”title_tr”:””,”content_tr”:”nn”}},{“id”:3539,”post_id”:88742,”title”:”How will conversational AI shape the metaverse?”,”content”:”

Conversational AI systems in the metaverse resemble human-to-human communication.

nn

Voice assistant AI has found its way to the metaverses of the new era, powering use cases like lifestyle assistance and personalized recommendations. For instance, rather than driving to a travel agency’s office or talking to their overburdened customer service, users can hop on the metaverse and take a tour of multiple awe-inspiring locations with the assistance of an AI-powered bot.

nn

An AI concierge in a metaverse is a personified machine that delivers unique recommendations based on the avatar’s preferences. Take into account the amount of data available on every person and you know the potential of this use case.

nn

Natural language processing in the metaverse makes it more personal than the real world. Voice AI can interpret avatar requests in a language that is more human and natural while factoring in individual tastes and preferences. 

nn

Speech technology has become more contextual and personalized, making the metaverse interface smarter in the process. For instance, Kai, the first AI concierge on Meetkai, has made voice assistance as easy as talking with a friend. Request a recipe for “steak” by saying, “Hey Kai, can you find me a nice recipe?” And you’ll receive the most delectable beef steak recipe in the world in seconds.

nn

Image_0

nnnn”,”created_at”:”2022-06-25 14:25:10″,”updated_at”:”2022-06-25 19:11:50″,”sort”:6,”translations”:{“id”:3532,”explained_post_id”:3539,”title_en”:”How will conversational AI shape the metaverse?”,”content_en”:”

Conversational AI systems in the metaverse resemble human-to-human communication.

nn

Voice assistant AI has found its way to the metaverses of the new era, powering use cases like lifestyle assistance and personalized recommendations. For instance, rather than driving to a travel agency’s office or talking to their overburdened customer service, users can hop on the metaverse and take a tour of multiple awe-inspiring locations with the assistance of an AI-powered bot.

nn

An AI concierge in a metaverse is a personified machine that delivers unique recommendations based on the avatar’s preferences. Take into account the amount of data available on every person and you know the potential of this use case.

nn

Natural language processing in the metaverse makes it more personal than the real world. Voice AI can interpret avatar requests in a language that is more human and natural while factoring in individual tastes and preferences. 

nn

Speech technology has become more contextual and personalized, making the metaverse interface smarter in the process. For instance, Kai, the first AI concierge on Meetkai, has made voice assistance as easy as talking with a friend. Request a recipe for “steak” by saying, “Hey Kai, can you find me a nice recipe?” And you’ll receive the most delectable beef steak recipe in the world in seconds.

nn

Image_0

nnnn”,”title_es”:”¿Cómo dará forma la IA conversacional al metaverso?”,”content_es”:”

Los sistemas de IA conversacional en el metaverso se asemejan a la comunicación entre humanos.

nn

La IA de los asistentes de voz ha llegado a los metaversos de la nueva era, impulsando casos de uso como la asistencia en el estilo de vida y las recomendaciones personalizadas. Por ejemplo, en lugar de ir a la oficina de una agencia de viajes o hablar con su sobrecargado servicio de atención al cliente, los usuarios pueden entrar en el metaverso y hacer un recorrido por varios lugares impresionantes con la ayuda de un bot impulsado por la IA.

nn

Un conserje de IA en un metaverso es una máquina personificada que ofrece recomendaciones únicas basadas en las preferencias del avatar. Ten en cuenta la cantidad de datos disponibles sobre cada persona y sabrá el potencial de este caso de uso.

nn

El procesamiento del lenguaje natural en el metaverso lo hace más personal que el mundo real. La IA de voz puede interpretar las peticiones de los avatares en un lenguaje más humano y natural, teniendo en cuenta los gustos y preferencias individuales. 

nn

La tecnología del habla se ha vuelto más contextual y personalizada, haciendo que la interfaz del metaverso sea más inteligente en el proceso. Por ejemplo, Kai, el primer conserje de IA en Meetkai, ha hecho que la asistencia por voz sea tan fácil como hablar con un amigo. Pide una receta de “filete” diciendo: “Oye Kai, ¿puedes encontrarme una buena receta?”. Y recibirás la receta de bistec más deliciosa del mundo en cuestión de segundos.

nn

Image_0

nnn”,”title_cn”:””,”content_cn”:”nn”,”title_de”:””,”content_de”:”nn”,”title_fr”:””,”content_fr”:”nn”,”title_it”:””,”content_it”:”nn”,”title_ar”:””,”content_ar”:”nn”,”title_br”:””,”content_br”:”nn”,”title_jp”:””,”content_jp”:”nn”,”created_at”:”2022-06-25 14:25:10″,”updated_at”:”2022-06-25 19:11:50″,”title_kr”:””,”content_kr”:”nn”,”title_tr”:””,”content_tr”:”nn”}},{“id”:3540,”post_id”:88742,”title”:”How does XR create deep collaboration in the metaverse?”,”content”:”

XR felicitates dynamic collaboration in the metaverse, enabling white-collar work in an intimate office environment.

nn

A metaverse driven by AI enables users to take up tasks that are much more fun, engaging and impactful. For instance, in a natural conversation about different topics in various realities, MeetKai’s conversational AI can comprehend more sophisticated speech, provide personalized outcomes and quickly respond by remembering user preferences and context.

nn

Furthermore, an XR device provides for data overlay, opening up a string of applications. In a metaverse, this is immensely useful for building or manufacturing use cases. An XR-backed environment creates a feeling of togetherness, a critical component of a closely-knit office atmosphere.

nn

XR is especially efficient when there is a small set of criteria to be met. For instance, when doing something as simple as playing a board game, you may want dim light and particular music. An interactive XR atmosphere can determine what you want and arrange for it. A virtual conference room can be decisively better than the one in real life.

nnnn”,”created_at”:”2022-06-25 14:25:46″,”updated_at”:”2022-06-25 19:11:49″,”sort”:7,”translations”:{“id”:3533,”explained_post_id”:3540,”title_en”:”How does XR create deep collaboration in the metaverse?”,”content_en”:”

XR felicitates dynamic collaboration in the metaverse, enabling white-collar work in an intimate office environment.

nn

A metaverse driven by AI enables users to take up tasks that are much more fun, engaging and impactful. For instance, in a natural conversation about different topics in various realities, MeetKai’s conversational AI can comprehend more sophisticated speech, provide personalized outcomes and quickly respond by remembering user preferences and context.

nn

Furthermore, an XR device provides for data overlay, opening up a string of applications. In a metaverse, this is immensely useful for building or manufacturing use cases. An XR-backed environment creates a feeling of togetherness, a critical component of a closely-knit office atmosphere.

nn

XR is especially efficient when there is a small set of criteria to be met. For instance, when doing something as simple as playing a board game, you may want dim light and particular music. An interactive XR atmosphere can determine what you want and arrange for it. A virtual conference room can be decisively better than the one in real life.

nnnn”,”title_es”:”¿Cómo crea XR una colaboración profunda en el metaverso?”,”content_es”:”

La XR favorece la colaboración dinámica en el metaverso, permitiendo el trabajo white-collar en un entorno de oficina íntimo.

nn

Un metaverso impulsado por la IA permite a los usuarios realizar tareas mucho más divertidas, atractivas e impactantes. Por ejemplo, en una conversación natural sobre diferentes temas en varias realidades, la IA conversacional de MeetKai puede comprender un discurso más sofisticado, proporcionar resultados personalizados y responder rápidamente recordando las preferencias del usuario y el contexto.

nn

Además, un dispositivo XR permite la superposición de datos, abriendo una serie de aplicaciones. En un metaverso, esto es inmensamente útil para casos de uso en la construcción o la fabricación. Un entorno respaldado por XR crea una sensación de unión, un componente crítico de una atmósfera de oficina muy unida.

nn

La XR es especialmente eficaz cuando hay que cumplir un pequeño conjunto de criterios. Por ejemplo, cuando se hace algo tan sencillo como jugar a un juego de mesa, se puede desear una luz tenue y una música particular. Una atmósfera XR interactiva puede determinar lo que quieres y organizarlo. Una sala de conferencias virtual puede ser decisivamente mejor que la de la vida real.

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A harbinger of the new era of digital connectivity, the metaverse combines blockchain with AI (artificial intelligence), VR (virtual reality) and AR (augmented reality), collectively known as XR (extended reality) experiences.

A metaverse is a 3D virtual world accessed through a VR headset. Users can navigate this world through their eye movements, voice commands and feedback controllers. With the headset, the user can feel the immersive world and see the metaverse in action. People interact with each other via avatars and participate in activities like gaming, shopping and more.

According to a report by Emergen Research, the metaverse market will reach across $800 billion by 2028. Applications of metaverse technology include gaming, education, commerce, government services, socializing and many more.

AI refers to machines simulating human intelligence processes.

AI is a branch of computer science focused on building smart machines capable of mimicking human intelligence. Algorithms powering AI systems analyze colossal amounts of labeled training data for correlations and patterns, and use these patterns to come up with predictions. AI systems can process data much faster and more accurately than humans.

Applications of AI include smart assistants like Alexa, self-driving cars, conversational bots, Robo advisors, email spam filters, etc. and now, metaverses. As a result, how AI will shape the metaverse has become a regular topic of discussion in tech circles.

The technologies involved infuse tons of potential use cases in the metaverse, leaving imagination as the only restriction.

XR has created a virtual world that never existed before. Blockchain brings decentralization, resulting in the elimination of the centralized governing authority, transparency and irreversible transactions.

Nonfungible tokens (NFTs), a core component of the metaverse, are a product of the blockchain. All objects in the metaverse — land, vehicles, ships, gift items — are also basically NFTs. Take out NFTs and the metaverse falls crashing.

Artificial intelligence in the metaverse enables you to overcome obstacles like poor interactive quality and create new products such as live virtual conferences. It adds to the intuitive interfaces and predictive capabilities of the metaverse. This not only makes life easier for the avatars but games more dynamic, interactions more engaging and businesses more successful.

Metaverse technology has been confronting challenges that stemmed from its immense growth potential.

As technologies, the VR and AR of the previous era had their limitations such as a lack of vision of the surroundings and graphical restrictions. Activities on the metaverse are simply not as engaging as those in the real world or even regular online games.

Self-reliance is another aspect where many metaverses were struggling. In the initial phase of the metaverses, there was simply not enough technical sophistication and footfalls to create adequate use cases to keep the economy rolling. Thanks to advancements in VR and AR, and the integration of metaverses with AI, use cases are increasing and subsequently, options for monetization.

Like any new technology, metaverses were also facing adoption issues, though this is gradually changing with projects like Decentraland (MANA), The Sandbox (SAND) and now MeetKai metaverse. On Decentraland, participants can buy and sell virtual real estate while exploring exhilarating games. Sandbox offers a gaming ecosystem that enables users to create, share and monetize gaming assets whereas Meetkai has created a realistic metaverse that is qualitatively better than the real world, thanks to its integration with AI.

The sophisticated integration of XR and AI technologies has resulted in more engaging virtual worlds, resulting in better adoption and subsequently, more revenues for all stakeholders in the ecosystem.

The amalgamation of AI with XR has led to the phenomenon of mixed reality (MR) metaverse.

To date, human-AI interaction has been usually limited to the B2B world. However, projects are emerging now that showcase AI integration into B2C. Meetkai, for instance, demonstrates how efficient life could be with human-AI integration. Leveraging AI-enabled tech, Meetkai enhances regular real-life experiences like shopping, working in an office and engaging in outdoor activities like hiking, trekking, etc.

While lying in their beds, users can not only try apparel in the metaverse store of their favorite brand and bargain with the sellers live but also have their purchases delivered to their doorsteps. They can also work in their virtual office with a complete set of productivity tools.

Look around and you will find a staggering number of metaverse projects on games, say Roblox, Blocktopia, Nakamoto and so on. This suggests that the arrival of the mixed reality metaverse is an epoch-changing event in the domain of metaverses.

Conversational AI systems in the metaverse resemble human-to-human communication.

Voice assistant AI has found its way to the metaverses of the new era, powering use cases like lifestyle assistance and personalized recommendations. For instance, rather than driving to a travel agency’s office or talking to their overburdened customer service, users can hop on the metaverse and take a tour of multiple awe-inspiring locations with the assistance of an AI-powered bot.

An AI concierge in a metaverse is a personified machine that delivers unique recommendations based on the avatar’s preferences. Take into account the amount of data available on every person and you know the potential of this use case.

Natural language processing in the metaverse makes it more personal than the real world. Voice AI can interpret avatar requests in a language that is more human and natural while factoring in individual tastes and preferences. 

Speech technology has become more contextual and personalized, making the metaverse interface smarter in the process. For instance, Kai, the first AI concierge on Meetkai, has made voice assistance as easy as talking with a friend. Request a recipe for “steak” by saying, “Hey Kai, can you find me a nice recipe?” And you’ll receive the most delectable beef steak recipe in the world in seconds.

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XR felicitates dynamic collaboration in the metaverse, enabling white-collar work in an intimate office environment.

A metaverse driven by AI enables users to take up tasks that are much more fun, engaging and impactful. For instance, in a natural conversation about different topics in various realities, MeetKai’s conversational AI can comprehend more sophisticated speech, provide personalized outcomes and quickly respond by remembering user preferences and context.

Furthermore, an XR device provides for data overlay, opening up a string of applications. In a metaverse, this is immensely useful for building or manufacturing use cases. An XR-backed environment creates a feeling of togetherness, a critical component of a closely-knit office atmosphere.

XR is especially efficient when there is a small set of criteria to be met. For instance, when doing something as simple as playing a board game, you may want dim light and particular music. An interactive XR atmosphere can determine what you want and arrange for it. A virtual conference room can be decisively better than the one in real life.

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