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Meta Makes Way for the Metaverse Academy in France



© Reuters. Meta Makes Way for the Metaverse Academy in France

  • Meta, along with Simplon, will launch Metaverse Academy for students of the academic year 2022-23.
  • The project aims to train 100 students in its first year.
  • The pedagogy focuses on increasing the employability of students for future job opportunities related to the metaverse.

Meta, formerly known as Facebook (NASDAQ:META), partners with, a French social and solidarity company dedicated to digital training, to launch ‘Metaverse Academy’, a free school exclusively for metaverse, in France for the forthcoming academic year.

The two organizations announced the launch of this project in a joint press release issued on Sunday. The Metaverse Academy plans to train around 100 students in its first year from cities including Nice, Lyon, Marseille, and Paris, along with others. The training will mainly be for two roles — Specialist Immersive Technology Developers and Assistance and Support Technicians.

Laurent Solly, Meta’s vice president from Southern Europe, assured that the future of schooling will be “free, territorial, innovative and focused on employability.” He further added:

Thanks to this strong partnership with a key player, Simplon, the Metaverse Academy is a first step that will help anticipate the acceleration of uses and train the future builders of the metaverse. We want to participate in the creation of a collective metaverse, by creating sustainable jobs for the entire digital ecosystem.

The co-founder of Simplon, Frederic Bardeau, stated that the pedagogy will be face-to-face and projects will focus on 3D and immersive virtual world interactions. The project will particularly focus on diversity, with Solly’s goal to have 30% of the first cohort as women, and Bardeau’s approach encourages positive discrimination by not looking at job applicants’ CVs.

Both Meta and Simplon highlighted the need for such training programs in this era since 80% of the jobs that will exist in 2030 have not yet been invented. They also emphasized how the upcoming generation needs to be aware and employable for the future workforce.

However, Meta and Simplon are not the first to embark on a project to train trades related to the metaverse. Earlier this year, a Metaverse College was launched by Ridouan Abagri in France, which is the first school dedicated to the creation, structuring, and development of 3D universes via augmented and virtual reality.

Meanwhile, Meta is embracing the metaverse with every passing day. Last week it announced integrating a feature for users to socialize in the metaverse, titled Horizon Worlds, through an update to its VR headset, Oculus Quest 2.

Furthermore, Meta plans to enable a smart screen device that will be an enterprise-exclusive product, named Portal. Project Nazare is another ongoing development in the Zuckerberg-owned company.

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Decentraland has a rental feature. How to rent land in Decentraland?



Decentraland renting

The Decentraland metaverse has a LAND rental feature. The rental tool will play a crucial role for community space and digital real estate platforms. How to rent land in Decentraland?

Decentraland’s white paper states that the new rental system uses an Ethereum transaction and a combination of signatures stored on a server operated by the Decentraland Foundation. The smart lease contract relies heavily on offline signatures. Offline signatures allow LAND owners to list their LANDs on Decentraland rentals without paying transaction fees.

By signing a listing, a smart contract can then verify that the signer created the listing. This provides a secure and decentralized rental mechanism. LAND owners can already list their LANDs (lots or buildings) for rent on Decentraland Marketplace.

First, owners approve a smart contract to lease an LAND on their behalf. Once approved, they can set the rent price per day in MANA tokens. The price per day multiplied by the number of days the tenant wants to rent, is what the tenant has to pay upfront and in total for that rent.

After receiving the rent, owners can put the LAND back on the lease or ask for it back. To return the LAND, a transaction must be sent confirming the transfer of the operator’s rights from the tenant to the owner, including the gas fee. During the lease, the owners cannot sell the LAND until they get the property back.

Land in Decentraland costs an average of $3,000. Leases will cost between 14 and 3,000 MANA per day ($5.75 to $1,230 at the time of writing). Meanwhile, the most expensive plot of land in Decentraland has ever been priced at $3.5 million. The Fashion Street Estate plot sold at the end of November 2021 for 618,000 MANA.

We previously reported that a Chinese court ruled that NFT is virtual property.

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The Wolf of Wall Street tells why not to invest in crypto



why not to invest in crypto

Former stockbroker, widely known as the “Wolf of Wall Street” Jordan Belfort spoke about why not to invest in crypto and shared his opinion on the current state of the cryptocurrency market

He said that right now he would not approach cryptocurrencies other than bitcoin (BTC) and Ethereum (ETH).

“Other than those two coins, Bitcoin and Etherium, I literally would not touch cryptocurrency with a 10-foot pole right now,” Belfort said.

That said, Belfort believes that these cryptocurrencies should make up a very small part of his overall investment portfolio. In other words, he would not recommend investing in the cryptocurrency market.

“The best investment is to buy the S&P 500, go into Vanguard, one of the other really ultra-cheap funds or ETFs, and put more money into it,” the former broker advised.

Why is investing in crypto a bad idea?

For those who have already bought other coins, Belfort cautioned against panic selling – “the worst time to sell is usually just because things are at rock bottom, people panic and sell at the worst possible time.” Thus, the decision to sell assets should be made based on the specifics of each coin.

“You have to go back to the time you bought it and say, ‘What were my reasons why I made that purchase?” – he believes.

Back in the summer, the former stockbroker retracted his 2017 anti-cryptocurrency views, admitting that his initial predictions of BTC falling to zero were wrong. Specifically, he advised bitcoin dealers to hold their positions for at least 36 months. He is confident that cryptocurrency has a decent chance of growing over that period. Projects like Polkadot are also worth considering.

At the same time, “Wolf of Wall Street” admitted that one should only invest in projects that have already proven their usefulness and viability. He even called for sending creators of “meme” cryptocurrencies to jail because such coins have no value.

Earlier we reported that the UK Treasury Department wants to restrict crypto business in the country.

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Binance news today: exchange in talks to acquire Indonesian crypto exchange – media



CEO Binance

Major cryptocurrency exchange Binance is in talks to buy Indonesian cryptocurrency exchange Tokocrypto. According to a TechinAsia source, Tokocrypto head Pan Xue Kai will resign after the deal.

In a reaction to the rumored acquisition, Tokocrypto Vice President of Corporate Communications Rieku Handayani said exchange officials could not comment on rumors or speculation.

“Binance has been one of Tokocrypto’s investors since 2020 to co-develop the company and help build the crypto asset industry in Indonesia,” he said.

Tokocrypto focuses only on developing crypto-assets, doing everything to encourage business and industry growth.

“Tokocrypto is focused on building a sustainable business and actively continuing to grow the crypto-asset industry, which has grown significantly. The company continues to encourage healthy business and industry growth while prioritizing customer education and protection,” he added.

Last week, Binance had already bought Sakura Exchange BitCoin (SEBC), a trading platform registered in Japan, to expand its operations in that Asian country. Thanks to the deal, the company will be able to operate in the Japanese market as an entity regulated by the Japan Financial Services Agency (JFSA). This is another attempt by Binance to return to the country of the rising sun after a failed attempt to do so four years ago.

The company is also interested in establishing relations with Georgia. Binance CEO Changpeng Zhao and Georgian Prime Minister Irakli Garibashvili discussed the problems of regulation of crypto exchanges. Among the plans outlined at the meeting were are developing Georgia as a center of modern financial technology and the expansion of Binance.

Earlier we reported that hackers in North Korea are stealing cryptocurrency with the help of trading bots.

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