Metaverse
The Sandbox has emerged as one of the forerunners in the metaverse space, having launched an accelerator program to support metaverse-based startups within and outside the gaming world. Together with Animoca Brands (the parent company of The Sandbox) and global venture accelerator Brinc, The Sandbox has set aside $50 million
Metaverse
In December 2021, Tesla’s CEO Elon Musk described the metaverse rush as nothing more than a marketing buzzword. Although Musk did not outrightly dismiss the tech, he may not be alone in his seemingly anti-metaverse stance. According to the inventor of the PlayStation Ken Kutaragi, there is no point
Metaverse
Leading cryptocurrency exchange Huobi Global has launched a campaign aimed at attracting more participants to the metaverse. Dubbed Prime Fest: Tiger Year, the Lunar New Year campaign will run until February 14, 2022. The crypto exchange has earmarked $100 million worth of prizes and rewards for the program, including special
Metaverse
The metaverse race appears to be going beyond a squabble for supremacy by tech giants. Governments are beginning to hop into the frenzy, with South Korea being the latest to embrace the tech. According to an article published by Korea Herald, the Korean government has set a target to nurture
Metaverse
As part of its efforts to ramp up its metaverse plans, Microsoft will be acquiring Activision Blizzard for a whopping $69 billion. According to the tech giant’s CEO and chairman Satya Nadella, gaming “will play a key role in the development of metaverse platforms.” According to a Tuesday announcement
Metaverse
Judging from its latest patent filings, retail giant Walmart may be positioning itself to enter into the metaverse space. The company reportedly filed seven new trademarks last month, signaling its interest to enter the industry. One of the filings also revealed Walmart’s plans to debut its own digital currency
Metaverse
One of China’s major universities has taken its business to the metaverse, making it the countries first academic institution to jump on the fast-rising trend. The Communication University of China has tapped on Baidu’s XiRang platform to replicate its physical campus on the metaverse. Interestingly, the institution already
According to a report by the Wall Street Journal (WSJ), Microsoft has lost about 100 employees to Meta’s metaverse efforts. As the race to enjoy the first-mover advantage in the metaverse intensifies, big tech firms are scrambling for skilled employees to fill up growing positions. Microsoft may have been
The government of South Korea’s capital city, Seoul, announced on Thursday that it had earmarked a total of 345.9 billion (equivalent to $291.4 million) towards the development of digital technologies such as big data, artificial intelligence, and the metaverse. According to a local news outlet The Korea
NFT News
Mogo Inc (NASDAQ: MOGO), digital payments and financial technologies provider, said on Tuesday that it is entering the metaverse with an investment in NFT Trader. NFT Trader is a Canadian start-up that runs an over-the-counter (OTC) peer-to-peer trading platform for non-fungible tokens, or NFTs. Previously, the business worked on projects
Metaverse
Disney has received patent approval for a “virtual-world simulator,” a new tech that would see the multinational entertainment giant create personalized interactive attractions for its theme park customers. Disney’s metaverse simulator will facilitate a headset-free augmented reality (AR). It will work by tracking the mobile devices of visitors and
Metaverse
With many big brands jumping on the metaverse train, Binance.US is looking to grab a piece of the pie. The leading crypto exchange is tapping on Portals, a Solana-based metaverse platform, to build a virtual office. In a Twitter message to crypto news site CoinDesk, Portals’ head of community
Metaverse
It’s no secret that the metaverse has suddenly become one of the hottest topics since late 2021. Land on decentralized metaverse platforms like The Sandbox and Decentraland have grown to become highly-prized possessions in the virtual world. Amid the ongoing frenzy, how much are you willing to spend on
Metaverse
American multinational technology company NVIDIA is quietly securing a spot on the metaverse race. The global manufacturer of graphics processing units and integrated circuit technologies for mobile devices and computers has rolled out a free version of its “Omniverse” software to developers. The company made the announcement at the CES
NFT News
Nonfungible tokens (NFT) exploded in popularity last year, with month-by-month increases in liquidity and attention in the Metaverse. Many attempts to merge sports with NFTs have been seen in numerous initiatives. Many have tried and failed, but with the introduction of the Meta Super League in 2022, the perfect mix
Metaverse
Could a metaverse stance from the Chinese government rattle tech giants? Shanghai, China’s largest city and financial hub, has shown strong interest in the metaverse. According to its five-year development plan, the city is looking to encourage the “application of the metaverse in areas such as public services, business