Metaverse is the next big thing in the Digital Space. The phrase "Metaverse" is unfamiliar to most people. The question of how to build one remains a tough topic to answer. This article explains different developments around Metaverse. Let's explore.
Metaverse real estate is one of the most exciting things that we've been dealing with for some time. It's real estate where parcels of land are sold virtually. This article focuses on how to construct and create opportunities in the virtual world. Continue reading to discover more.
Meta (previously Facebook), which laid off more than 11,000 people in 2022, is apparently failing to acquire and retain customers on Horizon Worlds, its social virtual reality (VR) platform, which is its biggest bet to realize its $10 billion metaverse ambition.
The Metaverse is a fictitious version of the internet that serves as a worldwide and immersive virtual world. As the Metaverse expands and offers more services, more countries are exhibiting an interest in its technology.
With a $3.67 billion loss reported for the third quarter of 2022, Big Five technology firm Meta is still burning through funds through Reality Labs, its Metaverse research and development division, and predicts that losses will worsen next year.
The world's largest gaming company, Konami, is growing its group of crypto professionals. A non-fungible token (NFT) marketplace and more Web3 and metaverse-related content production are the company's goals, according to a formal release.
DappRadar's user data is comprised of metaverse users who have also completed an in-game purchase using the project's native token; however, the Sandbox and Decentraland projects do not agree with this criterion.
There are a number of emirates in the United Arab Emirates that are turning to the metaverse in order to increase tourism in their own regions. Now, following in Dubai's footsteps, Sharjah too has Web3 expansion goals.
South Korea has recently garnered interest in Web 3 and the metaverse. And they’re keeping a close eye on opportunities. MSIT in the first official meeting of the National Data Policy committee pointed out that regulating a new industry with the same set of existing rules will be the biggest mistake. And they are working to develop new laws for the metaverse.
Despite Minecraft creator Mojang Studios being against the integration of nonfungible tokens (NFT), a Metaverse-focused firm introduces NFTs into several games, including its own Minecraft server.
Investment firm JP Morgan is going to hire crypto and metaverse experts to boost up their market visibility. The news came right after the investment firm realized that they were lacking in those departments.
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