If the Metaverse takes off, we'll see a hybrid world of real-world business and virtual entertainment, with the latter being more advantageous in a pandemic or hybrid situation. In addition, we'll see unprecedented interoperability, full-fledged economies, and new hardware capabilities. And, of course, we'll see a virtual room or two replacing video-conferencing. If you think...
You've probably heard of Fortnite, the popular online shooter game that is being played on game consoles, computers, and mobile devices. The average Fortnite player spends hundreds of hours playing the game, interacting with other players' avatars, and earning virtual currency to customize and upgrade their appearance. And you might have heard of Second Life,...
Let us take a closer look at this cryptocurrency which merges the virtual and physical worlds. This cryptocurrency uses blockchain technology and Ethereum to run. Currently, there are many projects on the Realy roadmap, including the ability to open online stores, the introduction of virtual pets, and new NFT collections. While we value the accuracy...
Investing in metaverse real estate isn't for everyone. Many risks are involved, and some prominent entrants are likely to hold onto their properties until their value increases. But that doesn't necessarily mean that retail users will be priced out. One emerging discussion will be the segmentation of NFT land. Using a mobile-first app, you may...
Last year, real estate sales in the Metaverse reached $500 million. What's next? The next five years are expected to be even higher. In addition, estimates for 2022 suggest that the Metaverse will be worth $4 billion. But is that figure realistic? This article will examine current market cap levels and the potential risks of...
The concept of a metaverse appeals to many individuals. However, some questions remain: Do the Social and Interoperability aspects outweigh the costs? Do you see it becoming a mainstream reality? And if you do see the value, do you think it is feasible? Let us know your thoughts in the comments below. What is the...
Walmart-owned Indian marketplace Flipkart has created an innovation lab to explore commercial use cases for Web 3.0 technologies. According to the statement, Flipkart Labs' areas of interest include "Metaverses, NFTs, Virtual Stores, Games Play-to-Earn and other blockchain application scenarios. Based on these technologies, the lab is to develop solutions ready for Walmart to test that can "take e-commerce...
Christine Moy, who headed the metaverse department of the Onyx blockchain division at JPMorgan, joined Apollo Global Management with $450 billion in assets. She will invest in Web3 startups, writes Bloomberg. The top manager received partner status and headed the digital assets strategy department. Moy left JPMorgan in February 2022 after working at the financial holding for...
The Hong Kong division of the financial giant Standard Chartered has bought a piece of virtual land in the metaverse The Sandbox to explore the possibilities of a new space. According to statement, Standard Chartered Bank (Hong Kong) Limited (SCBHK) became the first land-owning bank in the Mega-City area of the virtual world. The latter is...
Meta Corporation will open the first Meta Store retail store to introduce consumers to virtual reality and the metaverse. The store will showcase the company's VR headsets, Ray-Ban Stories glasses, and Portal devices. Visitors will have access to interactive demonstrations played on a massive wall-to-wall LED display. Meta Store. Data: Meta. The company believes that physical retail stores...
