Maruti Suzuki Launches Revolutionary Metaverse Showroom Experience

• Maruti Suzuki, one of India’s largest car manufacturers, has announced the launch of its Metaverse Showroom Experience.
• Customers can configure cars with different options in a virtual representation of the vehicle, with sales representatives to advise customers.
• The company has distributed 700 VR headsets to its dealer network across the country for customers to get the full metaverse showroom experience.

Maruti Suzuki, one of the largest car manufacturers in India, has announced the launch of its Metaverse Showroom Experience. This new experience allows customers to view and configure cars with different options in a virtual representation of the vehicle. This approach has the potential to revolutionize the customer retail experience, allowing customers to experience Maruti Suzuki cars in a more immersive way.

The Metaverse Showroom Experience will be accessible through the company’s Arenaverse network. This network is available both online and in authorized dealers across the country. The company has distributed 700 VR headsets to its dealer network, allowing customers to get the full experience. At the dealers, customers will also be able to interact with sales representatives who can guide and advise them on the possible options and how to use the system.

The Metaverse Showroom Experience is Maruti Suzuki’s latest attempt to bring its customer retail experience to the next level. The company has been at the forefront of innovation in the Indian car market and this experience is another example of its commitment to providing the best service to its customers. The Metaverse experience promises to be a unique and immersive way for customers to experience Maruti Suzuki cars and hopefully will be a successful venture for the company.

Ancient Bitcoin Block Rewards Spending Slows in 2022 After Record Highs in 2020 and 2021

• In 2020 and 2021, an early miner from 2010 spent strings of ancient Bitcoin block rewards.
• In 2022, however, record-low activity was observed with only 17 block rewards from 2010 being spent.
• On March 10, 2022, an entity moved 489.091 bitcoin that had sat dormant in a wallet since 2010.

The past few years have seen a major uptick in the number of ancient Bitcoin block rewards being spent after sitting idle for more than a decade. This activity has been especially pronounced in 2020 and 2021, with one early miner from 2010 spending strings of Bitcoin block rewards from the same period. However, the activity has seen a sharp decrease in 2022, with only 17 block rewards from 2010 being spent.

The first block reward from 2010 spent in 2022 was moved at block height 719,822 on Jan. 22. This block reward came from the BTC address “14Bdw,” which was created on Nov. 22, 2010. Following this transaction, three more block rewards from 2010 were moved on Feb. 4, 17, and 18.

On March 10, 2022, an entity moved 489.091 Bitcoin that had been sitting dormant in a wallet since October 28, 2010. This transaction was worth over $16.8 million at the time, making it the largest single transaction of ancient Bitcoin block rewards since 2020.

April of 2022 saw the first 2009 blocks being spent since 2020, with a total of five block rewards being moved. However, this was still significantly lower than the activity observed in the preceding two years and the total number of 2009-2010 block rewards spent in 2022 was much lower than in 2020 and 2021.

Overall, the activity of spending ancient Bitcoin block rewards from 2009-2010 has seen a major decrease in 2022. While the number of block rewards that were moved in 2020 and 2021 was record-high, the activity has slowed significantly in 2022 despite the large transaction of 489.091 Bitcoin in March.

Venezuela Gold in Limbo: Bank of England Holds $1.85 Billion in Uncertainty

• The 31 tons of gold, valued at more than $1.85 billion, currently being held by the Bank of England in London is uncertain after the dissolution of the interim government of Venezuela.
• The gold was disputed by the two governments, one led by Nicolas Maduro, and the other by interim president Juan Guaido, since 2019.
• The dissolution of the interim government has raised doubts on the possible future of this gold, with some legislators claiming it might open the doors for Maduro to have a valid claim on them.

The status of the Venezuelan gold currently being held in the vaults of the Bank of England in London is now uncertain after the dissolution of the interim government of the country. The 31 tons of gold (1.02 million troy ounces) is estimated to be worth more than $1.85 billion and has been subject to dispute between the current president of Venezuela, Nicolas Maduro, and Juan Guaido since 2019, when Guaido set up a parallel government.

The gold has been in dispute since then, with U.K. courts ruling in favor of Guaido in July. However, the dissolution of the government during a session of the Legislative Assembly elected in 2015 has now raised doubts on the future of this gold and other Venezuelan properties held offshore. Some legislators have expressed concern that this might open the door for Maduro to have a valid claim on the gold. Deputy Freddy Guevara spoke about this possibility during the session, saying: “There was no prior consultation with the international community on the recognition of this reform. They have clearly told us abroad that, with this reform, the protection of foreign assets is not guaranteed. How is it possible to take a leap into the void?”

The dissolution of the government was ultimately supported by 72 deputies, while 29 voted against it. This means that the status of the Venezuelan gold in the Bank of England is now uncertain, as it is unclear who will have the rights to the gold. It remains to be seen what will happen to the gold in the coming months and whether it will remain in the Bank of England or be repatriated to Venezuela.