Metaverse News

“We remain fully committed to the Metaverse vision while continuing to invest in the field of artificial intelligence,” said Mark Zuckerberg, founder and CEO of Meta. “We have been working on these two main priorities simultaneously for many years, and in many ways the two areas overlap and complement each other.

Reality Labs, the Metaverse division, posted a loss of $3.74 billion on revenue of more than $276 million in the second quarter of this year, citing product development work in the field of virtual reality and further investment in its Metaverse as the reason for the widening loss.

Apple, which will announce a mixed reality headset at its annual WWDC conference on Monday, is adept at taking emerging technologies and making them more refined and accessible to the masses, and its headset could do the same for AR.

Such platforms will be key catalysts to expand the metaverse and blockchain-powered games with novel experiences that are integrated into everyday life.

Previously, Mark Gurman, a well-known Apple whistleblower reporter, said that it is estimated that Apple’s WWDC 2023 will have three key contents: several new Mac products, the first mixed reality headset, and a new operating system.

According to official news, AMC announced that it will launch an AI toolset and metaverse mobile game this month, and establish an ecological partnership with Fantaverse and Planet Hares. In addition, AI META CLUB (AMC) will jointly issue 6,000 Genesis Terran NFTs.

These Genesis Terran NFTs will be the creators and builders of the metaverse, and can reproduce more human offspring through a 1:1 combination of male and female.

AI META CLUB (AMC), based on AI technology, will aggregate a variety of AI tools to empower the metaverse ecology, promote the integration and development of AI and metaverse, and jointly build a new metaverse economy.

The first episode of the program will be launched on Binance Live and Binance’s official YouTube account at 22:00 (UTC+8) on May 12.

On April 11th, Shiba Inu (SHIB) developers stated in an update on Monday that SHIB: Metaverse is a project to expand the utility of the SHIB ecosystem and is expected to open in December this year. It’s unlikely the Metaverse will be fully completed at launch, as it will be a “work in progress”.

It is reported that SHIB: Metaverse will have 100,595 blocks of land minted by users. Landlords can earn passive income from their plots, collect in-game resources and earn rewards.

This metaverse project will be developed in Shibarium, an upcoming layer 2 network using Shiba ecosystem tokens such as BONE and LEASH, whose testnet is already live.

Metaverse game platform Roblox may face money laundering issues. According to a newly disclosed court document, more than 300 users are suspected of money laundering by using Roblox in-game currency to purchase fake in-game items. The proposal was submitted to San Francisco federal court on Tuesday.

It is reported that the money laundering case stems from a class action lawsuit filed nearly two years ago. The settlement documents show that some users will not receive part of the $7.5 million in expenditures. The settlement agreement requires court approval, but Roblox has agreed to pay the affected Users paid $7.5 million.

According to Roblox spokesman William Nevius, Roblox disagrees with the money laundering allegations, the company will soon submit a brief in response, and has already taken measures on the platform to prevent money laundering.

Global Mofy Metaverse Limited (GMM) announced that it will issue 1,200,000 shares at a price of US$4.50 to US$5.50 per share and raise US$6 million through an initial public offering (IPO) next week.

Global Mofy Metaverse Limited is a technology solution provider engaged in virtual content production, digital marketing and digital asset development in the metaverse industry. Its clients include well-known companies such as L’Oreal and PepsiCo.

The company also revealed that it has established a strong digital asset bank with more than 7,000 3D digital assets.

According to official news, Web3 creator DAO magipop has reached a strategic cooperation with Nano Labs’ iPollo metaverse infrastructure.

In 2022, magipop won the investment of Curt Shi (Shi Hai), an early investor of StepN and a partner of Prodigital Future Fund. In the ETHDenver event in 2023, it won the NFT track bounty award, which proved its strength in the NFT field leadership and strength.

The cooperation will provide more creative and interesting content on the iPollo Metaverse infrastructure, attract more users and community participation, and create a richer virtual world.

Japanese game publisher Bandai Namco Entertainment has used its “Bandai Namco Entertainment 021 Fund” of the Web3 metaverse fund to invest in SuperGaming, a game studio in cooperation with Google Cloud. Bandai Namco Entertainment said in a statement that this investment It will further expand its business in the Asian IP market.

Although the amount of this investment has not been publicly disclosed, the fund usually invests between 10 million yen and 500 million yen.

Bandai Namco Entertainment 021 Fund was established in April last year. It mainly supports start-up companies that build an “IP universe”. It also invested in DeepMotion, a digital character solution that provides AI-driven motion capture and real-time body tracking.

According to sources, Dubai Multi Commodity Center (DMCC) recently announced the signing of two memorandums of understanding with a South Korean Metaverse platform, planning to form a partnership to facilitate the expansion of the UAE’s global Web3 business.

Founded in 2002, DMCC is the largest free trade zone in the UAE; in 2021, the government launched the DMCC Encryption Center, a comprehensive ecosystem for enterprises in the encryption and blockchain fields.

The data shows that, of all MENA countries, the UAE is the most crypto-focused country.

South Korea’s Ministry of Science and Technology announced Wednesday that it will invest 27.7 billion won ($21 million) in local services utilizing Metaverse. The $21 million investment will support 13 new projects in areas such as healthcare, education and tourism that will leverage Metaverse innovative services to improve services to the public.

South Korea announced a 40 billion won ($30 million) fund on Tuesday that will encourage small players in the metaverse to aggressively seek mergers and acquisitions to expand their businesses into global markets.

The home building materials retail giant Home Depot has settled in the Roblox Metaverse and launched a virtual version of its children’s workshop. Children can go to the Roblox Redcliff city and visit the Home Depot Metaverse storefront and start a scavenger hunt in it, aiming to stimulate creativity and promote problem solving And encourage social interaction.

Home Depot senior vice president and chief marketing officer Molly Battin said the company is taking the Kids Workshops experience to a new level in the Metaverse.

Indigo Herz, the NFT project launched by Adidas, tweeted that Adidas will hold the Into the Metaverse (ITM) event in Berlin, Germany on March 25.

ITM NFT holders can start receiving free tickets from 1:00 pm EST on March 8th, and NFT holders participating in ITM Phase 1 and Phase 2 can receive tickets through Tokenproof.

According to a letter from U.S. senators to Meta CEO Mark Zuckerberg, Meta should stop plans to distribute its Metaverse virtual world social app, Horizon Worlds, to teens aged 13 to 17, given that your company has not With its record protecting children and teens, and the mounting evidence that young users in the Metaverse are at risk, we urge you to stop this program immediately.

A spokesman for Facebook parent company Meta did not respond to the letter. Earlier news, Facebook parent company Meta said in February this year that it would upgrade its metaverse virtual world social application Horizon Worlds, seeking to attract more teenagers and young users, and plans to open it to teenagers as soon as March.

On March 1, Sebastien Borget, chief operating officer and co-founder of The Sandbox, emphasized that other metaverse platforms such as Roblox and Fortnite do not allow users to freely move digital assets between different platforms.

Borget said it is critical that users have true digital ownership of this content, that they are the true owners of their avatars, their wearables, their gear, their land, their homes, and the content they create and earn By.

Creators should get 95% or 100% of the revenue they bring in because they contribute to development.

According to Yuga Labs metaverse project Otherside highlights 9 community projects and builders on social media.

They are: “Unofficial Otherside Wikipedia” Wikiotherside, Otherside data analysis builder Otherside_wiki, media project OtherSpaceFM, podcast project NFTeaShow, Otherside animation builder Rida, Koda animation artist KEEZi.ETH and another animator Takeshi Gitano, and Koda 3D rendering project Jepgkidz and Otherside music video project ApeRaveClub.

According to a report released by Web3 Studios in conjunction with Animoca Brands, ConsenSys, The Football Company, Apex Capital and other institutions.

The World Cup may be an “inflection point” in the sports metaverse, and the shift from “passive to active fan engagement” may be the ultimate catalyst for the emergence of web3 in global sports.

Some products and services, including memorabilia, trading cards, games, fan gear, fan tokens, and e-sports using web3 to store important moments, may drive the sports metaverse market to reach $80 billion by 2030.

ALTAVA Group, the Web3 luxury fashion Metaverse platform, announced a partnership with Netmarble F&C subsidiary Metaverse World.

ALTAVA Group will distribute 1,000 BAGC NFTs to MetaverseWorld and develop the ALTAVA x BAGC golf experience on its Metaverse.

In addition, when players purchase BAGC NFT on the FNCY platform of Metaverse World, the platform will give away BAGC clothing. Metaverse World will also provide tools for BAGC NFT versions, after which Altava will be able to build virtual spaces there.

The Sandbox issued an article stating that it has reached a cooperation with “Forbes” magazine. The latter will launch a metaverse developed in cooperation with Polygonal Mind Creative Studio on The Sandbox, where users can learn about the history of Forbes, founder Malcolm Forbes and learn about 30 Under 30 Gallery and other content.

When users purchase the Forbes-exclusive wearable device, they can get a unique accessory. The Metaverse will provide a total of 50,000 SAND rewards.

The Smurfs’ Society is bringing its Web3 project, Smurfs, to The Sandbox metaverse.

According to the official statement, The Smurfs’ Society rewards The Sandbox community with 3,000 exclusive Smurf statues and surrounding NFTs to reward Smurfs Voxel holders and long-term community members of The Sandbox.

These NFTs will grant their holders early access to the Smurfs’ Society platform as well as an exclusive scavenger hunt experience in The Sandbox.

According to the metaverse patent ranking compiled by Tokyo-based research firm Cyber Creative Institute, since 2016, LG has filed the most metaverse patent applications, climbing from 11th place in 2010-2015 to first place.

Samsung Electronics came in second. Huawei, which did not make the top 20 in previous surveys, has now jumped to fourth place with a large number of patents related to image and display processing. Meta is third, Microsoft is fifth, and Intel and Apple are among the six U.S. companies in the top ten.

Sony is the only Japanese company to make it into the top 10, coming in at number six. Taken together, the top 20 companies submitted a total of 7,760 metaverse patents, of which the United States accounted for 57%, followed by South Korea with 19%, and China with 12%. Japanese companies accounted for 8%.

Former Disney CEO Bob Iger, avatar platform Genies board member and Metaverse supporter Bob Iger announced. He will succeed current Disney CEO Bob Chapek as Disney CEO.

According to reports, Iger’s return is only temporary, and he only agreed to serve as Disney CEO for the next two years. In his new term as CEO, Iger will work with the board to set the strategic direction for the company and work to develop a successor.

It is reported that when Disney applied for patents related to the metaverse in December last year, Bob Iger was still Disney’s executive officer and chairman of the board of directors. At that time, Disney stated that it had no plan to use the virtual world simulator patent, and the company had not announced any products related to this patent.

As of October 2022, there has been a sharp increase in trademark applications for virtual products and services related to cryptoassets, NFTs, and the Metaverse.

The number of trademark applications filed by Metaverse and its related virtual products and services increased from 1,890 in 2021 to 4,997 in 2022. Trademark applications for NFT and its related projects reached 6,855, up from 2,142 in the same period last year.

Nokia, one of the first manufacturers to create a mobile phone system, predicted that the mobile phone trend known today would decline in the metaverse.

While cell phones will still exist, the metaverse experience will be the dominant form of communication in the second half of the century. While augmented reality devices are still a long way off, Nokia believes that audience interest in such devices will increase, which will drive the metaverse.

All of these connections create security holes, Nokia predicts, and the company is also working to protect users in virtual worlds.

Food giant Kraft Foods has filed for NFT and Metaverse trademarks for its iconic hot dog vehicle, the Weinermobile, according to trademark attorney Mike Kondoudis.

According to the application information disclosed by the US Patent and Trademark Office, Kraft Foods will provide virtual food and beverage products, NFT, and online metaverse restaurants based on physical and virtual objects.

Kraft Foods has previously filed Metaverse and NFT trademark applications for Kraft, Jell-O, Kool-Aid, Velveeta, Lunchables, Oscar Mayer and Philadelphia.

Metaverse company Translucia has acquired a major stake in the Thai e-sports community Infofed. Although the specific acquisition amount in US dollars has not been disclosed, it is estimated to reach 8 figures.

It is reported that Infofed was established in 2015 to provide one-stop community services for game manufacturers, game enthusiasts and e-sports players. It has an online e-sports competition community eArena and an offline e-sports venue Thailand E-Sport Arena. Translucia, a Metaverse developer under Thai entertainment giant T&B Media Global, will set up an eSports training camp with Infoded and develop eSports content within its Metaverse.

According to US trademark licensing lawyer Michael Kondoudis on social media, the name Muhammad Ali of boxing champion Ali has completed the registration of NFT and Metaverse trademarks, and the registration content covers NFT certified media featuring Ali, virtual clothing, footwear, headwear, sports bags and equipment.

Ajman Police becomes the world’s first law enforcement agency to provide services in the Metaverse.

It is reported that the United Arab Emirates (UAE) is widely promoting the metaverse industry technology in its official and commercial enterprises.

During Gitex Tech Week, the Ajman Police Headquarters launched an innovative service called Request for Sponsorship, which enables the public to get in touch with the police remotely.

Metaverse content developer Everyrealm is launching a home design and virtual real estate game for adults.

According to the announcement, after more than three years in development, Everyrealm’s new free-to-play game — called Hometopia, allows players to build virtual homes and communities with friends.

Everyrealm also said that players will also be allowed to own what they create in the game. Hometopia developer Alex Ahlund, who has worked on mobile games such as Design This Home and Design This Castle, hopes the game will be as successful as the best-selling PC game The Sims.

The report shows that from January to July 2022, the number of jobs related to Metaverse on the entire platform has grown significantly, with a year-on-year increase of 16.6%. Among them, the number of jobs in the Internet/IT/electronics/communications industry accounted for the highest proportion, about 70%.

Among the subdivisions of Metaverse, VR/AR and Metaverse social recruitment accounted for the largest proportions, accounting for 57.5% and 32.7% respectively.

Among the recruitment positions in various sub-fields of Metaverse, VR/AR companies are mainly software and hardware R&D engineers, games, virtual humans, Metaverse social and other fields have higher demand for game/design talents, and digital collection platforms have higher demand for operation talents show greater demand.

The report pointed out that about 80% of the respondents are willing to work in the metaverse industry, and the proportion of Generation Z is even higher.

As of Sept. 12, 2022, transaction volume tracking 18 virtual land projects is down about 98% from its 2021 high, which peaked in November 2021 at just over $8 million.

Yasushi Akimoto is working on the J-pop virtual world project with local crypto company Overs.

Yasushi Akimoto is a Japanese music producer with a successful track record in promoting girl groups AKB48 and Nogizaka46.

It is reported that Akimoto will serve as the chief producer of the project, which will launch a new idol band on the virtual platform in 2023.

Fast-food chain Taco Bell and metaverse platform Decentraland have teamed up to provide a metaverse wedding experience for newlyweds in the United States.

It is reported that engaged couples can enter the contest between August 25 and September 6 to win the brand’s first legitimate Decentraland metaverse wedding package, and receive NFT after the conclusion.

Neopets Meta will launch its Metaverse Alpha on Friday. Those holding Neopets Metaverse, Pizzaroo’s Unique Pizza and Masterpiece NFTs will be able to sign up and access the platform.

Throughout September, the team will be releasing features that allow interacting with Neopets, decorating Neohomes, and battling other players.

Several classic mini-games on the initial virtual pet online gaming platform will offer the Web3 experience, including Turmac Roll, Meera Chase, Ultimate Bullseye. But Neopets Meta said the project is not intended to replace the original Web2 platform.

Meta launched the Metaverse identity system Meta Accounts and Meta Horizon Profiles to replace the use of social media accounts to log in to the Meta Metaverse, but still allow users to create Meta accounts with Facebook and Instagram accounts.

Meta Horizon Profiles will replace the Oculus account in the future, and logging in with an Oculus account will expire on January 1, 2023.

INDEX GAME, a Hong Kong-based metaverse institution incubated by The Sandbox, has completed a $1.7 million financing. The Sandbox invests, and the investment may increase to $6 million by 2023. The Sandbox will also provide INDEX GAME with created during the cooperation period. Exclusive arrangement of IP.

The Metaverse project MetaPrints announced that Forj (formerly Bondly Finance) and Polygon’s Social Hub Pass have opened for sale, supporting the use of MATIC and BONDLY.

The MetaPrints Social Hub Pass allows holders to enjoy enhanced rewards across 10 social hub experiences in The Sandbox and explore new ways to connect with their favorite brands.

P2E metaverse meme coin Tamadoge raises $1 million in beta. Beta sales began on July 25 and are scheduled to run until August 31.

Tamadoge’s eventual goal is to raise $10M to build its GameFi ecosystem of making money from games, with $2M coming from an ongoing test sale, of which 1 TAMA can be purchased for 0.01 USDT. The beta sale also accepts ETH and fiat currencies.

The Sandbox has announced a partnership with 11:11 Media, a company owned by Hilton Hotel Group heir Paris Hilton, to create the virtual mansion Malibu Mansion in its metaverse.

Her community will be invited to events like a rooftop party at the virtual Malibu building. Players will also be invited to a Halloween event.

Billionaire Mark Cuban, owner of the NBA Dallas Mavericks, said on the Altcoin Daily podcast: People buy lots in the metaverse sucks — it’s the dumbest thing ever, and it’s super super dumb, Because in the crypto industry, it all comes down to the community, and after you create the community, you can figure out how crypto works.

However, Mark Cuban himself is an investor in Yuga Labs, which has successfully auctioned more than 55,000 virtual parcel NFTs in the Metaverse Otherside.

In this regard, Mark Cuban explained: I am an investor, but I think it is stupid, although they (Yuga Labs) make a lot of money, you call it virtual real estate, but it is really just a right of access.

Rugby World Cup winner, former England captain, and World Rugby Hall of Fame legend Lawrence Dallaglio has been appointed global strategic advisor by Caduceus, a protocol for decentralised edge rendering of the metaverse, working on bringing sports into the metaverse.

As one of the few players to win both the Rugby World Cup and the Sevens World Cup, Lawrence Dallaglio said: “I’m only interested in collaborating on top-notch projects in the industry, and Caduceus is the only project I’ve seen that is suitable for collaboration in the Web3 space, and it’s far ahead of others. Project, I believe this cooperation will be a very exciting journey.

As an open infrastructure platform for the metaverse and digital world, Caduceus has been favored by many sports superstars.

It has previously received investment from football legend John Terry, and has reached in-depth cooperation with Ian Botham, the godfather of British cricket, in NFT and the Metaverse.

According to official news, the star metaverse project MetaCity developed by the NFT incubator company Tlabs, Gate.io has also decided to land on MetaCity after the Canadian rock star Avril Lavigne and the Vampire Diaries actor Ian Somerhalder announced that they would land on the metaverse project MetaCity.

It is reported that MetaCity has launched several Twitter Spaces with different partners in the past week, including NFT trading platform GateNFT, NFT secondary market trading platform LooksRare, Gate.io, and the former head of Decentraland in China.

The co-speaker said: “MetaCity is a project that can be held for a long time.” At present, in addition to Gate.io, Double-A Chain has also officially announced a strategic cooperation with MetaCity, which will be launched on the iNFTspace market in the near future. Double-A Chain (AAC) issued.

French cognac brand Martell will launch the Metaverse on The Sandbox, where users will be able to visit Martell Castle and meet important figures in Martell history.

In addition, Martell will issue NFTs including Vineyard Grapes, Martell Cordon Bleu, Castle Deer, and Martell Stills.

Speaking at TechLaw Fest 2022, Edwin Tong, Singapore’s Second Minister of Law, believes that even highly personal, intimate events such as wedding ceremonies can be performed on the Metaverse.

“It is not unthinkable that, apart from marriage registration, other government services will soon be accessible online through the Metaverse,” Tong said. Regarding legal services on the Metaverse, the minister added: “There is no reason why legal services cannot be conducted on the same day. The COVID-19 pandemic has proven to us that even the dispute resolution process, once considered a high-contact, physical contact, can be held almost entirely online. It is believed that such a comprehensive platform will make the entire dispute resolution process more convenient, efficient, and compatible with The rest of the world is developing in sync.”

Smartphone and VR headset maker HTC is partnering with Japanese illustration exchange platform pixiv to launch Japanese anime-style 3D avatars on its metaverse platform VIVERSE.

DappRader data analyst Pedro Herrera said at the Metaverse Summit in Paris that since 2021, the total funding of metaverse or Web3 gaming projects has exceeded $10 billion.

A new economic system has been realized in this field, and in the future, the Metaverse will create a number of new jobs, such as digital artists, virtual designers, digital real estate brokers, developers, etc.

Solana-based game metaverse Star Atlas has announced the Star Atlas DAO. The DAO will utilize Star Atlas’ governance token, POLIS, to enable members to participate in the decision-making process.

To achieve the long-term vision, the POLIS lock-up period will be as long as 5 years.

The Yuga Labs metaverse project Otherside has completed the “First Trip” technology demonstration early this morning and released a Litepaper.

This document serves as an introductory guide for Otherside, covering the platform’s fundamental principles, developer capabilities, and community co-creation possibilities. The content of Litepaper will grow and change over time.

Eventually, it will be replaced by The Codex (the second stage of Voyager’s journey) and the Otherside dynamic documentation. As previously reported, Otherside plans to deploy technology demonstrations from the first phase of the Otherside roadmap. This First Trip experience will be limited to Otherdeed lot owners, known as Voyagers. The platform describes it as “celebrating what’s to come and giving Voyagers an opportunity to gather, explore and plan”.

According to Samsung’s official report, the company has launched a metaverse game for Generation Z, Space Tycoon, where the gameplay is to collect virtual themed accessories and virtual electronics in a virtual world. Players can collect raw materials in mining areas in the virtual world, and then combine them to create finished products in the laboratory area. Covers gadgets such as mobile phones, TVs, watches, etc.

Plus, the Space Tycoon game supports 14 languages including Korean, English, Chinese, and Spanish, with tons of extras for interacting, participating in virtual parties, and more.

It is reported that this is not the first cooperation between Samsung and Roblox. Earlier this year, the two sides held a Superstar Galaxy / Charli XCX virtual concert together.

The art metaverse ArtMeta has partnered with VP Bank, an international banking group. The partnership with VP Bank will expand their services, such as digitizing high-value art collections and presenting them in the ArtMeta virtual world.

With offices in Vaduz, Zurich, Luxembourg, Singapore, Hong Kong and Tortola (BVI), VP Bank has served ultra-high net worth clients for over 65 years and is renowned for its banking services.