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Meta’s Quest Gaming Showcase 2 Is Scheduled For June 1st

The 40-minute VR gaming event will be streamed live on Facebook, YouTube, Horizon Worlds, and Twitch.

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meta's quest gaming showcase 2 is scheduled for june 1st

Meta has announced a date of June 1st for its now annual Quest Gaming Showcase. The 40-minute event will take place at 1PM Eastern time and will be streamed live across Facebook, YouTube, Horizon Worlds, and Twitch.

Viewers can expect to see new games and gameplay footage being revealed, along with a pre-show (13:45 ET) featuring debut trailers and title updates. After the main event, Meta will host a “deep-dive” talk with game developers.

The Quest Gaming Showcase comes at an important time for Mark Zuckerberg’s company as it attempts to pivot to the Metaverse. The social media giant recently purchased Within, creators of the VR fitness game Supernatural, and has lowered the price of its Quest Pro device to $999 to encourage adoption.

Also Read: Twitter To Allow Publishers To Charge On A Per-Article Basis

Despite these aggressive strategies, the company’s Reality Labs unit is still losing billions of dollars annually, so the event will be vital to keep sales of VR headsets flowing.

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Binance Receives Virtual Assets License To Operate In Dubai

As its user base nears 200 million, CEO Richard Teng believes crypto adoption will soar over the next half of the decade.

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binance receives virtual assets license to operate in dubai

Global crypto exchange Binance has been granted a full operational license in Dubai, in a move that’s expected to accelerate digital asset adoption and strengthen the UAE’s regulatory landscape.

The virtual asset service provider license (VASP) was granted by the Dubai Virtual Assets Regulatory Authority (VARA) and will allow Binance to extend its current range of services to retail investors, the company announced yesterday.

The move by Dubai authorities will be critical to Binance’s strategy of growing its user base globally. The crypto exchange expects to pass the 200 million user mark “quite shortly”, according to Richard Teng, the company’s CEO.

Once that milestone is achieved, Binance will have around twice as many users as rival platform Coinbase. Meanwhile, Crypto.com, another popular exchange with 80 million users, received a Dubai VASP license last week.

“We’re seeing much greater institutional adoption and institutional money coming into this space [along with] much greater regulatory clarity and a lot more jurisdictions approving [digital asset] products that bring in new investor classes,” Binance’s Richard Tang explained, adding: “As of now, we stand at about 5% crypto adoption globally, but that will become much faster moving forward”.

Also Read: Microsoft Invests $1.5 Billion In Abu Dhabi AI Tech Firm G42

Dubai and the UAE are extremely supportive of technologies like digital assets, and have already launched initiatives to boost adoption. The UAE has ambitious plans to become a world leader in the crypto economy of the future, with Dubai in particular being noteworthy for passing a new law to regulate virtual assets to support investors and exchanges.

“Global crypto regulation is currently showing diverging signs. Some developed countries have long suffered from crypto-related frauds and illegal exchanges. On the other hand, emerging nations like the UAE and Singapore have enacted crypto laws at faced pace,” said Vijay Valecha, chief investment officer of Dubai-based Century Financial.

As the UAE gears up to become one of the fastest-growing crypto capitals worldwide, investors and talent are flocking to places like Dubai. During 2023, the Emirates as a whole realized $204 million in capital gains from cryptocurrency investments, according to blockchain data analysts Chainalysis.

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