Frax Share

Get Frax Share (FXS) all time high price, historical charts, latest news and other information.

With Quest 3 now officially announced, Meta is emphasizing the device’s improved MR capabilities.

Meta CEO Mark Zuckerberg took to Instagram to share a first look at mixed reality gameplay on Quest 3 which was announced yesterday.


 










View this post on Instagram






















 
A post shared by Mark Zuckerberg (@zuck)



The video shows the headset’s full color passthrough MR mode, which allows it to present a view of the outside world while selectively adding virtual content to the scene.
We also see some shots of virtual objects attached to the wall, like a glass window into an undersea world, or a zombie jumping through a window into the room to attack the player. While Quest 2 and Quest Pro have done the same in the past, Quest 3’s new depth sensor should make attaching virtual objects to walls, floors, and ceilings more convincing thanks to a more precise map of the world around the headset.
We also see Meta CTO Andrew “Boz” Bosworth jump into the action, showcasing a co-presence experience where both Zuckerberg and Bosworth battle each other virtually but in the same physical space.
Beyond Quest Pro
It’s difficult to tell from the footage how Quest 3’s passthrough resolution compares to Quest Pro. However, it’s notable that the footage doesn’t show any of the obvious color fringing that was an artifact of Quest Pro’s passthrough architecture, which used multiple black-and-white cameras that were fused with the color from a single RGB camera. That ought to be solved now that Quest 3 will include two RGB cameras which will allow stereoscopic capture of color information, rather than monoscopic like with Quest Pro.
Another common artifact of Quest Pro (and Quest 2) passthrough is the warping of objects (especially hands) that are close to the headset. This is caused by a breakdown of the computer-vision depth estimation which struggles with near-field objects, especially when they’re moving.
It’s difficult to tell from the footage we have so far, but there’s a good chance that Quest 3 significantly reduces these passthrough warping artifacts thanks to its included depth sensor. Whereas Quest 2 and Quest Pro estimate the distance to objects and surfaces around the headset with computer vision, Quest 3’s depth sensor will provide much more reliable distance measurements which the system can use to judge how far it should render each part of the scene.

It will be interesting to see if the prior issue with color fringing on Quest Pro manifests in the same way with depth. With a single depth sensor, the headset only has a monoscopic depth view, whereas it will have a stereoscopic visual of the real world. Ostensibly the stereoscopic view of the world will be projected onto the depth map, and ‘depth fringing’ may occur around near field objects for the same reason that we saw color fringing on Quest Pro.


With Quest 3 now officially announced, Meta is emphasizing the device’s improved MR capabilities. Meta CEO Mark Zuckerberg took to Instagram to share a first look at mixed reality gameplay on Quest 3 which was announced yesterday.   View this post on Instagram   A post shared by Mark Zuckerberg (...

roadtovr.com

Meta Shows First Glimpse of Quest 3 Mixed Reality Gameplay and Improvements Over Quest Pro

DCG and CEO Barry Silbert argued in a letter to Judge Stefan Underhill that both cases share the same facts, legal issues, and nearly identical class definitions.

cointelegraph.com

DCG asks judge to consolidate class action suits to avoid conflicting decisions


The industry experienced a mixed performance in May, with DeFi seeing a decrease in total value locked (TVL) but an increase in its share of on-chain activity. The dApp industry grew, while blockchains, except for Tron, regressed in TVL.



According to the latest DappRadar report, the crypto industry had a mixed bag in May, with different parts of the industry simultaneously progressing and taking steps back. 



Blockchain TVL Regresses



The total value locked (TVL) in DeFi protocols—or the funds being used in them—saw a 4.3% decrease in May, slipping to $79.16 billion USD. However, DeFi’s share of on-chain activity rose to 31%. So even though more users are taking advantage of its protocols, they’re playing with less collectively.



It wasn’t all bad, though. The dApp industry grew by 9.97% in May, reaching an average of 1,967,051 daily unique active wallets (dUAW), reflecting a steady increase in web3 interest.



Total Value Locked (TVL) Top Blockchains, April-May 2023. Source: DappRadar



Regression was the key takeaway for blockchains in May, as TVL dropped almost across the board. One exception in the report was TRON, which grew a little under 1% over the month. 



The biggest loser in this time period was Fantom (FTM). Its TVL dropped by 37% to $308 million due to its association with the Multichain turmoil caused by rumors of potential arrests in China. Multichain’s native token, MULTI, experienced a severe 49% decline, affecting Fantom’s assets and triggering a shift to Arbitrum. 



NFT Trading Volumes Down 



The NFT market experienced a mixed performance in the past month, reflecting a broader trend in the industry. Trading volume dropped below $1 billion for the first time since December 2022, with May’s NFT trading volume declining sharply by 44% to $675 million compared to the previous month.



NFT Trading Volume and Sale Count. Source: DappRadar



In May 2023, Blur took a 65% market share and earned $442 million in NFT sales. The former king of the NFT marketplaces, OpenSea, had a 27% market share and $183 million in revenue. Despite Blur’s dominance, OpenSea had a significantly higher number of traders, with 377,087, than Blur’s 36,673. This reflects something we’ve known for a long time: Blur appeals to a certain kind of market participant. Namely, those who want a technical focus on higher-frequency trading and less on collecting.



However, Blur’s NFT lending service, Blend, has taken some attention away from its trading platform. NFT traders’ moving from the former to the latter has significantly contributed to the decline in trading volume.
The post dApp Market Grows 10% in May, DeFi TVL Falls Back 4.3% appeared first on BeInCrypto.


In May, the crypto industry showed mixed performance with DeFi experiencing a decrease in total value locked (TVL) but an increase in on-chain activity share. The dapp industry grew, while most blockchains saw regression in TVL. The NFT market had lower trading volumes while Blur dominated in mar...

beincrypto.com

dApp Market Grows 10% in May, DeFi TVL Falls Back 4.3%

Tether (USDT), the world’s largest stablecoin, achieved a groundbreaking milestone by surpassing its previous all-time high market cap of $83.2 billion, a record set back in May 2022.
This remarkable feat further cements Tether’s unrivaled dominance in the rapidly expanding stablecoin market, which currently totals an astonishing $130 billion, with USDT’s market cap surpassing the combined value of its closest competitors.
USDT Breaks 2022 Market Cap ATH
According to a blog post by Tether, the USDT stablecoin had an outstanding performance in Q1 2023 with a net profit of $1.48 billion.
“Today’s numbers demonstrate that people want access to financial freedom, and when given that access, they will make use of it. Tether tokens offer a safe harbor for the unbanked and allow people in emerging markets to keep their buying power, even when their national currency is being devalued,” said Tether’s CTO Paolo Ardoino.
The company has roughly 85% of its investments in cash, cash equivalents, and short-term deposits. Tether claims USDT has approximately 2.5 billion in excess reserves on top of the 100% minimum reserves and implements a 20% increase in token supply quarter over quarter.
“Between our battle-tested resilience in the face of market volatility and our industry-leading transparency practices, Tether has proven that it can be trusted, and customers are responding in kind. We are eager to continue maintaining our laser focus on emerging markets and will not waver in our efforts to expand access to financial freedom globally,” Ardoino added.
Other Stablecoins Struggle
USDT’s new feat comes as other stablecoins struggle to retain their market shares due to regulatory issues and unfavorable economic conditions.
While sharing the Tether update on Twitter, Changpeng Zhao (CZ), the CEO and founder of major crypto exchange Binance, noted that USDT saw significant growth after regulators capped Binance USD (BUSD).
Recall that the New York State Department of Financial Services (NYDFS) ordered stablecoin issuer Paxos to stop minting BUSD over alleged securities law violations in February. The stablecoin saw heavy outflows as investors reacted to the regulatory crackdown, and the asset lost its market cap of $23 billion. BUSD had a market cap of $5.1 billion at writing time, according to data from CoinMarketCap.
Besides BUSD, Circe-issued USD Coin (USDC), the second-largest stablecoin by market cap, also saw significant outflows in March as investors panicked after roughly $3.3 billion of its reserves were stuck at the now-defunct Silicon Valley Bank (SVB).
The post Tether (USDT) Market Cap Breaks May 2022 ATH Level of $83.2 Billion appeared first on CryptoPotato.

While USDT continues to gain market dominance, other stablecoins like BUSD and USDC struggle to sustain their market share.

cryptopotato.com

Tether (USDT) Market Cap Breaks May 2022 ATH Level of $83.2 Billion

The two central banks are aiming to align their financial service sectors and said both share “many complementary strengths.”

Frax Share price	$6.59
Low - High 24H	$6.55 - $6.68
Market cap	$475.81M
Volume 24H	$7.15M
All time high	$42.80 -84.59% January 12th 2022
All time low	$1.50 338.91% June 25th 2021
Genesis date	N/A

Recently viewed

Trending

Frax Share (FXS)

Performance

Frax Share News

Quick stats