Virtual Reality, Crypto Funds, and Metaverse Expansions: Nifty News Roundup

The Bank of America is utilizing virtual reality (VR) and artificial intelligence (AI) in its training program for new employees. As reported by Bloomberg, the bank’s 2,000 hires undergo a week-long training regime that includes VR simulations to practice handling various situations.

Former US President Donald Trump’s non-fungible token (NFT) licensing business has chosen Ethereum as its preferred platform for holding funds. According to updated disclosures filed with the Office of Government Ethics, Trump’s company, CIC Digital, maintains a US bank account with a balance of less than $1,000. In contrast, its Ethereum wallet holds between $250,000 and $500,000.

German tech conglomerate Siemens intends to build a $560,000 tech campus in the metaverse near Nuremberg, Germany. This investment is part of Siemens’ broader plan to create a blueprint for the industrial metaverse with an investment of $1.1 billion.

Sports shoe company Puma, NFT firm Legitimate, and rapper Jay-Z’s entertainment agency Roc Nation have partnered to release a sneaker collection integrated with NFTs. Known as “The Evolution of the Mixtape” collection, it features three sneaker models named “Disc,” “Cassette Tape,” and “Playlist.”

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