Connect with us

Metaverse

Dubai Regulator Announces Virtual Assets Marketing and Advertising Guidelines

Dubai Regulator Announces Virtual Assets Marketing and Advertising GuidelinesThe Dubai virtual assets regulator, the Virtual Asset Regulatory Authority (VARA), has unveiled digital assets marketing and promotion guidelines that are applicable to any entity using Dubai-based media sites and publishing channels. The guidelines will “ensure factual accuracy, explicitly demonstrate any promotional intent, and in no way mislead on the guaranteed nature of their returns.” […]

Dubai Regulator Announces Virtual Assets Marketing and Advertising Guidelines

The Dubai virtual assets regulator, the Virtual Asset Regulatory Authority (VARA), has unveiled digital assets marketing and promotion guidelines that are applicable to any entity using Dubai-based media sites and publishing channels. The guidelines will “ensure factual accuracy, explicitly demonstrate any promotional intent, and in no way mislead on the guaranteed nature of their returns.”

Guidelines Applicable to Dubai Licensed VASPs

Dubai’s regulator of virtual assets, the Virtual Asset Regulatory Authority (VARA), recently announced the guidelines governing the marketing and promotions of digital assets. According to a Khaleej Times report, the guidelines reflect the regulator’s mission to provide a legal framework that brings economic opportunities without compromising the market’s security.

As per the report, the VARA guidelines encompass “all forms of outreach, communications and advertising, including publication of information, awareness building, customer engagement, and/or investor solicitation.” They also extend to all virtual assets related to marketing by any entity using Dubai-based media sites and publishing channels that specifically target customers in Dubai.

The report added: “Guidelines further detail the obligations of Dubai licensed VASPs [virtual assets service providers] and any advertising platforms that are positioning VA [virtual assets] content across traditional and new-age media channels for the Dubai market, to ensure factual accuracy, explicitly demonstrate any promotional intent, and in no way mislead on the guaranteed nature of their returns.”

Guidelines Ensure Users Get Needed Information Before Making a Decision

Remarking on the VARA’s advertising guidelines announcement, Kokila Alagh, the founder of KARM Legal Consultants said the “regulations will go a long way in ensuring that users have the needed information before making their decisions.” Faisal Zaidi, the co-founder and CMO at Crypto Oasis said the announcement ensures companies in the digital assets industry act appropriately thus helping protect consumers and investors.

Atul Hegde, the founder of YAAP is quoted in the report describing the move as one that “augurs well for Dubai’s ambitions of being among The top global destinations for cryptos, blockchain, and the metaverse.”

What are your thoughts on this story? Let us know what you think about this subject in the comments section below.

Source: Regulation Archives – Bitcoin News

Continue Reading
Advertisement

Crypto

The Future of the Internet: Web3 vs. Metaverse

This article is all about the difference between Metaverse and Web3.0. Let’s take a look at Web3 vs. Metaverse in detail.

For the blockchain and crypto community, the future of the internet is evident. The Metaverse strives to completely transform the Internet, virtual cooperation, and private life. In addition to the Metaverse, however, other options are arising as to how the Internet of the future could look. Many experts see the future of the Internet as Web3.0. Web3.0 has a lot in common with the Metaverse, but there are also crucial distinctions. This article is all about the difference between Metaverse and Web3.0. Let’s take a look at Web3 vs. Metaverse in detail.

What is the Metaverse?

Metaverse has been known in the gaming world for several years. These are virtual worlds in which players can purchase properties, ensembles, and valuables, among other things. It is now also possible to make money in the Metaverse. For example, by renting out land in the Metaverse or hosting virtual events. As a result, the Metaverse could also find more use in everyday life away from gaming.

The goal is to move people away from the console and bring them into the metaverse themselves using virtual reality glasses. In the Metaverse, everything that the physical world has to offer is considered to be attainable. In addition to meeting friends, the “metaversians” can also be able to play sports, work, and go shopping. Land, valuables, and buildings can also be bought.

NFTs or Non-Fungible Tokens play an important part in the metaverse as they connect to the digital assets of the metaverse and their valuation. The metaverse already offers routes for people to display digital assets such as art, accessories, and properties as we’ve witnessed with companies such as Nike, Adidas, and Samsung. NFTs become an optimal confirmation of ownership of all various assets in the metaverse, in other words, NFTs are your acts. One recent usefulness (as witnessed on CEEK) is as tickets to typical events that people can relish inside the metaverse, NFTs as a tool of proof of ownership are unlocking the gates to many markets and enterprises such as virtual apparel and virtual realtors.

Web3 vs. Metaverse: History and Future of the Internet

The next-generation Internet is positioned to fundamentally transform the way we use the Internet. In Web1.0, the first version of the Internet, information was pursued selectively and was made available on websites. The Internet has been in the Web 2.0 state for several years. In Web 2.0, users interact with each other, the Internet is not only utilized to obtain information but also to interact with other users. Social media firms such as Facebook, Instagram, YouTube, and Snap are the foundation of today’s Internet.

What is Web 3.0?

Web3.0 can link to the Metaverse in some characteristics. Web3.0 could further boost the trend towards interaction. It is believed that user interactions will become even more enthusiastic. Some also presume that Web3.0 will be established on the blockchain. The reason for this is that Web3.0 vows more democracy and user rights for users. 

The autonomy over their own data should lie with the user, not with large companies or governments – that is the vision. In contrast to the Metaverse, nevertheless, Web3.0 is not yet an actuality and is far from being firmly specified. What Web3.0 will look like, what features it should have, and how it will be utilized are still unclear at the moment.

Web3 aspires to be completely decentralized, placing content creation in the hands of creators and not platform holders. There are 5 essential Web 3.0 features:

  • Semantic web: The semantic web utilizes AI to comprehend what a user or client may signify or plan. It’s created to deliver a more precise knowledge of searches founded on the true meaning of the search words rather than keywords or numbers.
  • AI: The AI of Web3 is created to sufficiently comprehend what someone is digging for to deliver more appropriate results.
  • 3D graphics and spatial web: The benefit of virtual reality (VR) headsets and natural graphics allows websites to become more natural.
  • Blockchain and cryptocurrency: The key to the decentralization of Web3 is the benefit of blockchain and cryptocurrency, which eradicate mediators and allow direct dealings between partakers.
  • Connectivity: Web3 applications are described by continuous connection due to broadband, 5G, Wi-Fi, and IoT.

 Web3 vs. Metaverse

At this point, it appears like there are no differences between Metaverse and Web3.0. Mainly because Web3.0 has not yet been clearly determined. Yet, the differences are more profound. Web3.0 defines the entire world of the Internet of the future, and the Metaverse is an element of it. The single factor of Metaverse relates mostly to gaming and some kind of virtual reality. 

What is specifically important here is the different applications of Metaverse and Web3.0. While Web3.0 basically has the same goal as Web2.0 and only further extends this advantage, the Metaverse is planned to combine physical and virtual reality. This could be accomplished mainly via virtual reality. The Metaverse could become part of Web3.0. Metaverse and Web3.0 will not only coexist, one will be recognized as a sub-domain of ​​the other. So, Web3 vs. Metaverse is nothing but together they will build the future of the Internet.

Source: metaverse Archives - CryptoTicker

Continue Reading
Advertisement

Top Posts

We need your support.

Enjoying our free service? Please help us by clicking the ads on our website. They are 100% safe. Thank you!