Most US Consumers Are Not in Favor of Meta Owning Metaverse Data, Says Survey

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Most US Consumers 🇺🇸 Are Not in Favor of Meta Owning Metaverse Data , Says Survey

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According to a survey conducted by Advokate Group, 77% of respondents expressed concerns about social media giant Facebook’s entry into the metaverse, mostly because it controls metaverse data of customers.

The survey conducted by Advokate Group, a provider of nonfungible tokens and metaverse technology, which included 1,000 U.S. adults, has found some fascinating results.

On asking, when the metaverse could become widespread, the survey participants were segmented, as 20% said that it could take 1-2 years, while 49% said it will take up to 3-6 years.

Gaming was one of the most prevalent ways of passing time in the metaverse, followed by socializing. About 55% of participants said they would invest more than 3 hours a day in the metaverse.

Furthermore, play-to-earn was a major interest of the survey participants, as 93% said they would game more if they could make minimum wage in gaming. About 64% of those surveyed would play more than 3 hours per day if they could make money.

NFT Marketplace OpenSea 🌊 Rolls Out New Contract Clearing System

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OpenSea, the largest non-fungible token (NFT) marketplace, has launched a new system that will allow users to clear out unclaimed sale offers.

Devin Finzer, the CEO of OpenSea, said in an announcement post, “In our continued effort to address the inactive listings issue, we’ve initiated an upgrade to the smart contract we use. This upgrade will ensure old, inactive listings expire and allow us to offer new features to prevent this issue in the future.”

This move from OpenSea comes after a bug that allowed hackers to exploit old contracts and buy tokens for hundreds of thousands of dollars, less than the market price.

One such example occurred in January when a Bored Ape Yacht Club token was bought for less than $2,000 and resold immediately for more than $192,000.

As such, OpenSea has launched a new system that will allow users to cancel all unfilled contracts while incurring only minimal gas fees.

The new system is expected to get rolled out in the next 15 days, where users will be invited to shift their accounts onto the new system.

Micromobility Startup Swing Raises $24 Million 💰 in Series B Funding

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South Korean micro-mobility startup, Swing, has raised $24 million in its Series B funding round to drive its growth and expansion.

The funding round was led by White Star Capital and also saw participation from existing participants Hashed, among others.

Founded in 2019 by San Kim, Swing is a South Korean-based electric scooter and micro-mobility company providing personal mobility services.

The startup’s service offers customers to rent electric scooters, ride, and park them in a safe place, allowing users to commute using a personal mobility service.

Currently, it operates a fleet of 35,000 electric vehicles including, e-scooters and e-mopeds. The company will use the funds to increase its micro-mobility fleet and further penetrate the Japanese market.

This year, Swing aims to deploy 100,000 e-scooters, e-bikes, and e-mopeds, having a swappable battery that’s interchangeable with each other.

Additionally, the company also plans to install 200 charging stations for its own usage and others as options.

Spotify Will Invest $100 Million 💵 For Content From Historically Marginalized Groups

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Daniel Ek, CEO of Spotify, has said that the company will invest $100 million towards content from historically marginalized groups.

The investment will go towards licensing, development, and marketing of music and audio content from these groups, according to an internal memo acquired by Axios reporter Sara Fischer.

This move from Spotify comes after the platform received criticism over Joe Rogan’s podcast. Spotify CEO told employees in the memo that he won’t be “silencing” Rogan.

The podcast of Joe Rogan was the subject of controversy in the past few weeks after Neil Young pulled his music from the platform accusing Rogan of spreading COVID-19 vaccine misinformation, prompting other artists to pull their music from the platform.

In an internal memo, Daniel said, “While I strongly condemn what Joe has said and I agree with his decision to remove past episodes from our platform, I realize some will want more. And I want to make one point very clear – I do not believe that silencing Joe is the answer.”

He said that Spotify had discussions with Rogan and his team about content and that Rogan chose to have some episodes pulled from the platform.

Around the World 🌐

Twitter Testing New Direct Message Option From Tweets: Micro-blogging platform Twitter is testing a new feature that will allow users to send a direct message (DM) straight from a tweet. While Twitter says the feature will make it easier to start a conversation, some users feel that it will make them more susceptible to online harassment.


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