Seoul's Metaverse Project
2 months ago 1 min read

Seoul’s Metaverse Project Expands to Education and Tourism

The Seoul government has taken a major step forward in the development of the metaverse by launching “Metaverse Seoul.” This public metaverse project, led by the city’s mayor, Oh Se-hoon, is designed to allow citizens to interact with virtual representatives of the government in order to handle civil complaints and consultations. The program, which is set to be open to the public in 2023, will include services such as a fintech lab, a corporate support center, and the city’s top 10 tourist attractions. It will reportedly also facilitate a youth mentoring counseling room, civil service counseling, and tax services. This

LG's new partnership aims to bring metaverse platforms to TVs
3 months ago 1 min read

LG Electronics partners to bring metaverse interoperability to TVs

LG Electronics has partnered with Oorbit, a cloud-based technology platform, and Pixelynx, a company building an integrated music, gaming, and Web3 ecosystem, to bring the metaverse to TVs. The partnership will allow users to access virtual worlds, concerts, and AI-generated multiplayer games through their LG TVs, making it easier for consumers to interact in the metaverse. The collaboration aims to scale Oorbit’s proprietary technology, which connects virtual worlds and makes it easy for developers and brands to bring their experiences into the metaverse, for millions of LG TV customers. LG Electronics updated its business development goals in March 2022 to

Samsung metaverse
3 months ago 1 min read

Samsung Expands into Latin America with Metaverse Initiatives

Samsung has committed to investing more than $35 million in the Latin American market to bolster its metaverse presence. This is part of the company’s effort to reach out to younger generations and enhance its digital presence. A multitude of businesses, such as Samsung, Sony, and Microsoft, have already started to incorporate metaverse-based advertising into their promotional campaigns. For example, Samsung released the “House of Sam” virtual reality attraction on Decentraland in October and the Space Tycoon metaverse experience on Roblox in July, giving users the chance to construct Samsung items using raw materials within a space station. Industry professionals

Argentine football team enters metaverse after world cup in Qatar
3 months ago 1 min read

Argentine sign a licensing agreement with metaverse platform Upland following Argentina’s World Cup victory in Qatar

The Argentine Football Association (AFA) has signed a licensing agreement with metaverse platform Upland following Argentina’s World Cup victory in Qatar. The deal will allow the AFA to bring its professional football league, the Liga Profesional de Fútbol (LPF), onto Upland’s metaverse platform, providing a new way for Argentinian football fans, teams, and players to engage with each other. The partnership includes the sale of various non-fungible tokens, such as digital collectibles featuring teams, clubs, players, tickets, and highlights from games, which will generate a new source of income for the LPF. Upland users will also be able to start

Jesse Lingard to Launch his JLINGZ Esports Brand into the Metaverse
3 months ago 1 min read

Jesse Lingard launches his JLINGZ esports brand into the metaverse

Jesse Lingard’s JLINGZ esports brand is partnering with Virtua, a game metaverse platform, to build unique fan experiences in the metaverse. This collaboration will involve metaverse esports, digital collectibles, exclusive access, virtual spaces, and video games. Virtua will give away Jesse Lingard VFLECT digital collectible avatars to the first 1,000 people to sign up for the partnership. The sports zone on Virtua Island will feature the JLINGZ Esports partnership and will also incorporate other celebrity and brand partnerships. Virtua has previously partnered with brands such as Williams Racing and Legendary Entertainment, as well as celebrities like Kevin Hart. Jesse Lingard,

South Korea Metaverse rules
4 months ago 1 min read

South Korea issues metaverse ethical guidelines

At a ministerial meeting on November 28, South Korea’s Ministry of Science and ICT issued a guideline of core ethical principles for metaverse application participants, which includes users and developers. According to the science ministry, its metaverse guidelines are based on three core values: genuine identity, safe experience, and long-term prosperity. To support its core values, the guidelines identify eight principles: authenticity, autonomy, reciprocity, respect for privacy, fairness, data protection, inclusiveness, and future responsibility. Although the guidelines are not legally binding, the science ministry encouraged metaverse participants to consult them. According to the science ministry, various issues have arisen in

Shiba Inu metaverse
4 months ago 1 min read

The World Economic Forum invites Shiba Inu to participate in metaverse discussions

Shiba Inu is invited to participate in discussions about the metaverse by the World Economic Forum. The Shiba Inu community had been eagerly anticipating Shibarium, the platform’s metaverse initiative. Despite receiving Shiba Eternity, they were forced to wait for what seemed like an eternity before they could begin their metaverse project. But Shiba Inu’s involvement in another metaverse project was just made known to the community. Lead developer Shytoshi Kusama of Shiba Inu tweeted on November 23 that the World Economic Forum had asked Shiba to work on a number of policies. Shytoshi clarified that the project had been given

Meta laid off employee this week
5 months ago 1 min read

Meta will likely cut off its staff this week

Meta, the parent company of Facebook, plans to lay off a sizable portion of its workforce starting this week. After Twitter last week, it’s the most recent tech juggernaut to fire staff members. During the pandemic and the ensuing lockdowns, social media and tech giants experienced rapid growth.  In total, Meta hired more than 27,000 new workers in 2020 and 2021. They are observing a contraction now that normalcy is starting to return. Several thousand employees may be impacted, according to the WSJ, which reported on November 6 citing people with knowledge of the situation. This week, Meta is anticipated

Metaverse Alliance (OMA3) has officially launched today
5 months ago 1 min read

Web3 developers can now join the Open Metaverse Alliance (OMA3)

The Open Metaverse Alliance (OMA3) has officially launched today, with memberships available in two tiers: sponsor and creator. It was first announced in July with the goal of establishing standards between metaverse platforms, and it is now in the process of forming working groups to investigate issues such as web3 legal issues. The majority of associated members had ties to Hong Kong-based game software and venture capital firm Animoca Brands when it was first announced. Animoca Brands, The Sandbox (one of its subsidiaries), and several brands in which the company has invested include Alien Worlds, Dapper Labs, Splinterlands, Star Atlas,

Optimisus introduces the first read-to-earn, write-to-earn, and edit-to-earn web3 media platform
5 months ago 3 mins read

Optimisus: The World’s First Read-To-Earn, Write-To-Earn, and Edit-To-Earn Web3 Media Platform

At Optimisus, the team believes that a world in which users are rewarded for their time spent reading, interacting, and engaging with content is what the media industry will look like in the future. Optimisus’ goal is to make this free-sharing society a reality by giving readers, content creators, and editors the ability to earn tokens from the time, engagement, and work that have contributed to the development of the sector. Optimisus aims to achieve this vision by making it exciting for users to interact with content for their own benefit and that of the crypto space.  The company’s vision

Western Union and PayPal metaverse trademarks
5 months ago 1 min read

PayPal and Western Union register trademarks to offer services in the metaverse

Western Union and Paypal both registered trademarks with the US Patent and Trademark Office to offer services in the metaverse. Western Union, a financial services company, and PayPal Inc., an online payment system, both filed metaverse trademark applications with the US Patent and Trademark Office (USPTO). PayPal submitted three trademark applications with the USPTO on October 18 that cover “PAYPAL and its Ps Logo.” PayPal’s USPTO-licensed trademark attorney, Mike Kondoudis disclosed the contents of PayPal’s registrations on Twitter. According to a section from PayPal’s trademark application, the trademark covers “downloadable software for sending, receiving, accepting, buying, selling, storing, transmitting, trading,

Decentraland to host music festival in metaverse
5 months ago 1 min read

Decentraland to host 2nd Metaverse Music Festival this year

Despite the fact that last year’s Metaverse Music Festival had 80 virtual performers and 50,000 attendees, Decentraland boasted that this year’s festival would be “bigger and better.” In a press release, Decentraland announced it will hold this year’s Metaverse Music Festival on November 10–13, which will include Web3’s “best music talents.” To attend, go to the Decentraland metaverse and enter the virtual musical space for free—there are no tickets or VR headsets required, and everyone is welcome. It’s little surprise that Decentraland’s music festival was labeled one of the “most extensive metaverse experiences on the world” last year. 3Lau, Paris