Yuga Labs restructures again, EU touts metaverse health benefits: Nifty Newsletter

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Yuga Labs lays off employees, an EU think tank believes there are metaverse health benefits for kids, and a 360-degree treadmill prototype demonstrates potential physical activities in the metaverse. All that and more in this week’s Nifty Newsletter!

company Yuga Labs has laid off employees, and the European Union believes the metaverse can help children’s health. Find out how professionals feel about blockchain integration on metaverses and look into Disney’s 360-degree treadmill, demonstrated by tech YouTuber Marques Brownlee. In other news, Manchester City enters a new partnership to develop digital collectibles.Yuga Labs CEO Greg Solano announced on X that the NFT company is restructuring and laying off employees.

Maria Niestadt, a policy analyst from the European Parliamentary Research Service , wrote that the metaverse can boost children’s creativity and help them heal from diseases. Imaginary Ones co-founder Clement Chia said the metaverse presents opportunities for major brands to integrate real-world products in a virtual world. The executive said that blockchain opens up endless possibilities in the metaverse.

The device can move objects in a manner similar to that of fictional characters from Star Wars. In addition, MKBHD also tested the treadmill, allowing him to walk around in a metaverse environment.Manchester City to release digital collectibles through multiyear partnership with Quidd

 

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