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		<title>McDonald&#8217;s Hacked: Solana Memecoin Sees a Brief Surge</title>
		<link>https://coinengineer.net/blog/mcdonalds-hacked-solana-memecoin-sees-a-brief-surge/</link>
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		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Thu, 22 Aug 2024 19:45:05 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[McDonald's]]></category>
		<guid isPermaLink="false">https://coinengineer.net/blog/?p=27417</guid>

					<description><![CDATA[<p>A Solana-based memecoin, GRIMACE, experienced a meteoric rise in value after McDonald&#8217;s official Instagram account was hacked and used to promote it. The fast-food giant&#8217;s Instagram account, boasting over 5.1 million followers, was briefly hijacked to advertise the GRIMACE token. The Solana-based memecoin quickly surged to a market capitalization of nearly $20 million. However, the</p>
<p>The post <a href="https://coinengineer.net/blog/mcdonalds-hacked-solana-memecoin-sees-a-brief-surge/">McDonald&#8217;s Hacked: Solana Memecoin Sees a Brief Surge</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>A <a href="https://coinengineer.net/blog/2018-fraud-case-could-be-key-to-solana-etf-approval-vaneck-executive/">Solana</a>-based memecoin, GRIMACE, experienced a meteoric rise in value after McDonald&#8217;s official Instagram account was hacked and used to promote it.</p>
<p>The fast-food giant&#8217;s Instagram account, boasting over 5.1 million followers, was briefly hijacked to advertise the GRIMACE token. The Solana-based memecoin quickly surged to a market capitalization of nearly $20 million.</p>
<p>However, the rally was short-lived, with the token&#8217;s value plummeting to less than $500,000 according to Pump.fun data.</p>
<p>The fraudulent post promoting GRIMACE was swiftly removed from McDonald&#8217;s Instagram. Yet, one post referred to GRIMACE as &#8220;an experiment by McDonald&#8217;s on Solana.&#8221;</p>
<p>In response, McDonald&#8217;s stated, &#8220;We have resolved the issues on these accounts and apologize to our fans for any disruptive content posted during this time.&#8221;</p>
<p>Pump.fun, a Solana-based platform launched in January, allows users to create their own memecoins easily and at a low cost. According to Dune Analytics, over 1.8 million tokens have been minted on the platform.</p>
<p>The Solana-based memecoin market has experienced significant fluctuations in August. CoinShares reported record weekly outflows from Solana last week, attributed to a decline in memecoin trading.</p>
<p>Just a few days ago, it was reported that Pump.Fun&#8217;s total revenue was on the verge of surpassing $100 million, highlighting the magnitude of the memecoin craze.</p>
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<p>The post <a href="https://coinengineer.net/blog/mcdonalds-hacked-solana-memecoin-sees-a-brief-surge/">McDonald&#8217;s Hacked: Solana Memecoin Sees a Brief Surge</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
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		<title>McDonald&#8217;s Singapore Launches &#8216;My Happy Place&#8217; Metaverse for Virtual Burgers and More</title>
		<link>https://coinengineer.net/blog/mcdonalds-singapore-launches-my-happy-place-metaverse-for-virtual-burgers-and-more/</link>
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		<dc:creator><![CDATA[Tanju Akbıyık]]></dc:creator>
		<pubDate>Thu, 06 Jun 2024 11:00:11 +0000</pubDate>
				<category><![CDATA[EN]]></category>
		<category><![CDATA[Genel]]></category>
		<category><![CDATA[Bandwagon Labs]]></category>
		<category><![CDATA[magic leap]]></category>
		<category><![CDATA[McDonald's]]></category>
		<category><![CDATA[metaverse]]></category>
		<category><![CDATA[My Happy Place]]></category>
		<category><![CDATA[singapore]]></category>
		<guid isPermaLink="false">https://coinengineer.io/?p=22099</guid>

					<description><![CDATA[<p>Launched in Singapore, American fast-food business McDonald&#8217;s &#8216;My Happy Place&#8217; metaverse lets residents create virtual burgers and engage in other activities. Collaboration and Key Features McDonald’s Singapore worked with Bandwagon Labs, the metaverse branch of entertainment media tech business Bandwagon, to construct the in-app virtual world for its consumers. Bandwagon Labs founder Clarence Chan underlined</p>
<p>The post <a href="https://coinengineer.net/blog/mcdonalds-singapore-launches-my-happy-place-metaverse-for-virtual-burgers-and-more/">McDonald&#8217;s Singapore Launches &#8216;My Happy Place&#8217; Metaverse for Virtual Burgers and More</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
]]></description>
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<p>Launched in <strong>Singapore</strong>, American fast-food business McDonald&#8217;s <strong>&#8216;My Happy Place&#8217;</strong> metaverse lets residents create virtual burgers and engage in other activities.</p>
<h1>Collaboration and Key Features</h1>
<p><strong>McDonald’s</strong> <strong>Singapore</strong> worked with <strong>Bandwagon Labs,</strong> the <strong>metaverse</strong> branch of entertainment media tech business Bandwagon, to construct the in-app virtual world for its consumers.</p>
<p>Bandwagon Labs founder Clarence Chan underlined three important factors for creating McDonald&#8217;s&#8217; metaverse:</p>
<p><em>&#8220;This is multiplayer, hence players may see others in the globe right by them. The metaverse is a creative canvas on which we enable people express their originality. Thirdly, it is loaded with daily incentives with varied difficulties that set off a reward system.&#8221;</em></p>
<p>Web3 technologies also support security, functionality, and use cases for digital collectible keeping. <em>&#8220;We let you securely authenticate your identity and engage in token-gated activities within the metaverse by including wallet hosting services like MetaMask,&#8221;</em> Chan said.</p>
<h2>Operation and Future Prospects</h2>
<p>The release states McDonald&#8217;s has complete influence over its in-app metaverse. The initiative will be operational for one month, from June 6 to July 7, and its success will decide whether or not the services will be continued or used in next installations.</p>
<p>Chan got married in the metaverse and supported the possibilities of technology in fan involvement and client retention. Third-party hosts, he claimed, however, limit existing metaverse experiences.</p>
<p><em>&#8220;Moreover, the lack of real benefits for those who occasionally use metaverse can demoralize most of the viewers.&#8221;</em></p>
<h3>Metaverse for Active Fan Involvement</h3>
<p>Chan thinks<strong> Bandwagon Labs</strong> has answers for <strong>McDonald&#8217;s</strong>&#8216; challenges. <em>“Not only can users engage and play with their friends, but they can also win tangible rewards, like fries, by participating on our platform,”</em> he said.</p>
<h3>Partnership with Magic Leap</h3>
<p>Recently <strong>Magic Leap</strong> revealed <em>&#8220;a multi-faceted, strategic technology partnership&#8221;</em> with Google to create new extended reality technologies.</p>
<p><a href="https://coinengineer.net/blog/sumsub-and-bitget-combat-crypto-deepfakes/"><em><span style="font-weight: 400;">This Might Interest You: Sumsub and Bitget Combat Crypto Deepfakes<br />
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<p>According to a statement from <strong>Magic Leap</strong> CTO Julie Larson-Green, the collaboration would emphasize Magic Leap&#8217;s optical advancements in tandem with Google&#8217;s infrastructure.</p>
<p><em>&#8220;This collaboration combines Google&#8217;s technology with our great optics capabilities to provide immersive experiences to the developer ecosystem and for consumers, hence accelerating the transforming power of AR. Expanding the possibilities of XR &#8211; combining the actual world with worthwhile, contextually relevant solutions excites us.&#8221;</em></p>
<p>The press statement made no mention of any actual goods or forthcoming services.</p>
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<p>The post <a href="https://coinengineer.net/blog/mcdonalds-singapore-launches-my-happy-place-metaverse-for-virtual-burgers-and-more/">McDonald&#8217;s Singapore Launches &#8216;My Happy Place&#8217; Metaverse for Virtual Burgers and More</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
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