NetHappenings: Standards for an Open Metaverse

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The Metaverse Standards Forum
Where Leading Standards Organizations and Companies Cooperate to Foster Interoperability Standards for an Open Metaverse
Multiple industry leaders have stated that the potential of the metaverse will be best realized if it is built on a foundation of open standards.
Open to any organization at no cost, the Metaverse Standards Forum provides a venue for cooperation between standards organizations and companies to foster the development of interoperability standards for an open and inclusive metaverse, and accelerate their development and deployment through pragmatic, action-based projects.

Private Equity Funds’ Claims of Strong Performance Are Based on a Mirage – Center for Economic and Policy Research
Private Equity Funds’ Claims of Strong Performance Are Based on a Mirage
After a modest decline in Q2 2020, PE fund returns were exceptionally strong, driven mainly by unrealized gains that may not materialize given the market’s reassessment of asset valuations. PitchBook, June 9, 2022
Even as the stock market is in free fall and interest rates are rising, private equity (PE) funds continue to pursue new investors, peddling the myth that private equity returns defy the laws of financial gravity and yield strong returns even in periods of economic turbulence and declining values of publicly-traded companies. How is this amazing sleight of hand accomplished?

Tether to undertake full audit by top 12 firm for transparency over USDT reserves
The Tether (USDT) stablecoin is set to carry out an audit with a top 12 firm in order to provide more transparency on its reserves.
A business called MHA provides attestations of its reserves, and Tether is working on a comprehensive audit – something other stable currencies also lack, according to Tether’s chief technology officer (CTO) Paolo Ardoino in an interview with Euromoney.
In particular, the audit is not with one of the big four auditors owing to concerns over repetitional risk caused by the absence of legislative regulations around stablecoins. “I think its one of the top 12, so not that bad,. The big four are a bit more cautious about providing a full audit when the rules are not clear,” Ardoino said.
Tether short sellers
Short sellers have so far merely proven that the stablecoin can keep a one-to-one peg to the dollar. Tether’s value temporarily dropped below 95 cents on certain cryptocurrency exchanges in May, as the value of a competing stablecoin known as TerraUSD (USDT) and its sister token LUNA plummeted.

Elon Musk’s not-so-secret weapon: An army of Twitter bots
AND IT’S REPORTED THAT HE IS BUYING TWITTER
Whatever the effect on stock prices, Kirsch said, the bot campaign represents a new form of corporate content distribution or, as he calls it, “computerized computational propaganda.” Should firms that use bots have to disclose their use to the SEC or conform with lobbying disclosure rules?
A Twitter bot is a fake account, programmed to scour the social media site for specific posts or news content — Musk’s posts, for example — and respond with relevant, preprogrammed tweets: “Tremendous long term growth prospects” or “Why Tesla stock is rallying today” or “Tesla’s Delivery Miss Was ‘Meaningless.’” The bots can also be programmed to send nasty or threatening messages to company critics. Kirsch and Chowdhury collected and reviewed Tesla-related tweets from 2010, when the company went public, to the end of 2020.
Over that period, Tesla lost an accumulated $5.7 billion, even as its stock soared and Musk became one of the richest humans on the planet; his net worth is estimated at $275 billion. Operational results can’t justify anything close to the company’s $1-trillion market value, based on any kind of traditional stock-pricing metric.

Vitalik Buterin advises to pay attention to ZK-SNARK technology | by uncle Fibonacci
ZK-SNARKs are used to preserve privacy, including some of the non-obvious tricks like how to prevent double-spending. ZK-SNARKs are a powerful cryptographic tool, and an increasingly important part of the applications that people are building both in the blockchain space and beyond. But they are complicated, both in terms of how they work, and in terms of how you can use them.