Metaverse

China’s Suzhou City Stakes Its Claim as a Metaverse Hub

February 2, 2023 1 min read

Suzhou, a city in China’s Jiangsu Province has announced a plan to become a hub for metaverse development and innovation by attracting over 200 companies in the VR tech industry by 2025. The city will focus on 30 areas, including healthcare, tourism, education, and city administration, and aims for metaverse-related industries to be worth 200 billion yuan (US$29.77 billion) by 2025. However, it faces competition from other cities in China

Apple to launch VR platform on Decentraland

January 25, 2023 1 min read

According to Bloomberg’s January 23rd report, Apple is set to release virtual reality (VR) devices later this year, which has sparked speculation about the potential impact on the cryptocurrency market. In particular, Decentraland (MANA) investors are keeping a close eye on the developments, as the Decentraland project is built around a virtual reality experience and its token is on the Ethereum blockchain. MANA has been performing well in the market

Seoul’s Metaverse Project Expands to Education and Tourism

January 17, 2023 1 min read

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

LG Electronics partners to bring metaverse interoperability to TVs

January 5, 2023 1 min read

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

Samsung Expands into Latin America with Metaverse Initiatives

December 26, 2022 1 min read

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

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

December 22, 2022 1 min read

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

Jesse Lingard launches his JLINGZ esports brand into the metaverse

December 16, 2022 1 min read

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

South Korea issues metaverse ethical guidelines

November 30, 2022 1 min read

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,

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

November 24, 2022 1 min read

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

Meta will likely cut off its staff this week

November 7, 2022 1 min read

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

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

November 1, 2022 1 min read

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

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

October 26, 2022 1 min read

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