Thursday, June 1, 2023

How sustainable is the play-to-earn model in metaverse projects?

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Lately, metaverse projects have been gaining traction in the crypto and blockchain space, with gaming as one of the most pursued activities. Games like Axie Infinity have made history, having generated roughly US$780 million in sales within 30 days back in June 2021. This game has since reached US$1.1 billion in sales and a valuation of about US$3 billion. Some of this success can be attributed to its play-to-earn model, which is also partly behind the success of other metaverse games. These include Silk, My Neighbor Alice, Gods Unchained, CryptoKittties, Pirate X Pirate, Forest Knight and Mines of Dalarnia.

Supposedly ailing streaming giant Netflix not as sick as many think

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In the first two quarters of 2022, Netflix lost almost 1.2 million subscribers. Investors began running for the hills and some pundits claimed that the streaming giant’s downfall was imminent. The panic continued when the company cut four percent of its workforce to get its costs in line with “slower revenue growth”. How bad is this malaise? Well, Netflix is certainly under the weather. But this is not the terminal or even critical illness some are suggesting.

$2.1T crypto wipe out: The dark triads strike again, this time through SBF

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Crypto has fallen by over $2T trillion in the past year, and contracted values are expected to stay low. The FTX crypto exchange, formerly worth $40 billion, has gone bankrupt. This has affected over a million users, including 30,000 Australians. The implosion is one in a string of collapses that started with Luna in May 2022, when the TerraUSD became unanchored. 

Can mobile wallets overcome the financial inclusion test in APAC?

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The APAC is home to some of the world's most populated countries. Yet, it still faces significant challenges when it comes to financial inclusion. Fortunately, mobile wallets in APAC offer a viable solution to this problem. By leveraging new tech such as AI and blockchain, mobile wallets can provide secure and reliable access to financial services to those in need, helping to bridge the gap between those with and without access to banking services.

Latitude Financial cyber breach opens a new can of worms for Australians

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The Latitude Financial attack clearly shows that criminal groups are moving to a business model of selling Australian’s highly sensitive personal information, including biometric information, on the dark web. What’s most disturbing about the Latitude Financial attack is that at least 100,000 facial images, matched with full drivers’ license details, were stollen.

Adopt ISO ISMS certification to test your information security practices

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Federal Government and industry, specifically ASX-listed businesses, must urgently install a requirement that ensures all agencies and contractors engaged to provide services that involve accessing customer/consumer data, hold ISO27001 or SOC2 accreditation – (the international standards for information security) or prove to undertake equivalent practices.

Consumers give up on governments, turn to companies to save the planet

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The overwhelming majority of consumers in Australia, United Kingdom and USA believe companies have a moral obligation to lead the way on sustainability as corporations are viewed as more likely to have a positive impact on climate change than their own governments.

Has sports broadcasting and consumption changed forever?

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When the first lockdown was announced in March 2020, it came with the news that we’d no longer be able to attend sporting events live. People weren’t able to attend any live sporting events for over a year. As a result, live sports became more accessible to view at home.

Cybersecurity training: Is gamification the key to helping employees learn?

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The accelerated digital transformation trend has increased the demand for cybersecurity professionals to mitigate the associated risk and keep systems protected. In fact, the 2021 (ISC)2 Cybersecurity Workforce Study indicated a persistent shortage even after the addition of 700,000 professionals into this space, with 2.72 million openings still unfilled by October.

Real time data insights and multi-cloud strategy to reshape businesses

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The state of the economy may be creating a great deal of uncertainty in the business world, but one thing it won’t do is silence the march of innovation into the New Year and beyond. While there may be a reimagining of tech practices, the focus on making the way we work more efficient will remain. Here are four trends that will reshape the future of business.