Metaverse: Move Digital Says, “We’re Here to Stay”
The metaverse is the next stage in the evolution of the internet and social networks, utilizing real-time 3D technology, which combines the physical and digital realms. It offers a chance for top online entertainment and social media businesses to profit from new revenue streams. It is the next major technology platform, drawing online game producers, social networks, and other tech leaders to participate in what we anticipate to be a nearly $800 billion market. Early adopters and builders are rapidly emerging as leaders in the fast-growing world of virtual reality. According to a recent....
Related News
“We’re strongly advocating for the core of the open metaverse to be decentralization, interoperability and creator-generated content,” says The Sandbox founder Sebastien Borget. While the interest in metaverse seems to slow down, a pioneer in the space is still hard at work, advocating the open metaverse, a decentralized and interoperable multiverse.In an interview with Cointelegraph Brazil, Sebastien Borget, the founder of the open-world blockchain game The Sandbox, shared some of his thoughts and expertise when it comes to Web3 and the state of the metaverse.According to Borget, the....
The metaverse is booming and so is the gambling industry. This is why the move of casinos into the metaverse has been an inevitable occurrence. It is a highly profitable venture on paper. However, even though many have tried, only a few have managed to succeed. Slotie officially made its debut into the metaverse space […]
The new RTFKT acquisition confirms Nike’s interest in being a prominent contributor to the virtual world of the metaverse. Sportswear manufacturer Nike announced the acquisition of virtual sneakers and collectibles brand RTFKT. Nike becomes the biggest U.S.-based athletic products manufacturer through this partnership to join the metaverse bandwagon. A Cointelegraph report from Nov. 02 highlighted Nike's submission of requests for patenting the words — namesake, swoosh logo and just do it — for use online and in online virtual worlds." The filing was accompanied by two new job postings for....
The Sandbox launched a metaverse accelerator program aimed at developing potential startups. Virtual world project The Sandbox announced its metaverse accelerator program that will push the development of the open metaverse by investing $50 million in startups. The Animoca Brands subsidiary is partnering with the venture accelerator firm Brinc to target 30 to 40 blockchain startups a year for the program.The Sandbox Metaverse Accelerator Program will allocate up to $250,000 in investment to each potential project and will give additional incentives to top-performing projects. The bonuses....
The global digital entertainment industry has shown phenomenal growth over the past few years raising the bar of entertainment creation and consumption like never before. Asia’s largest publisher and music label, T-Series has announced a partnership with one of the largest digital entertainment company in South Asia, Hungama Digital Media to enter into the world of Web3, NFTs and Metaverse. It intends to capture the likes of the growing landscape of the digital economy and virtual world. The collaboration between the industry leaders will cause a paradigm shift in Asia’s....