How Avatar NFTs Allow Us to Reclaim Our Online Identity in the Metaverse
Thanks largely to Facebook’s recently announced ambitions and subsequent rebranding, metaverse has become THE investor buzzword of late 2021. Grayscale estimates that the metaverse could represent a $1 trillion market opportunity, while firms including Microsoft, Sony, and Samsung have all jumped on the bandwagon. Amid all the excitement about a potentially vast new growth industry, […]
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Luxury in the metaverse isn’t just exclusive to owning the biggest land plot or the best NFT avatar — it’s more than that. It’s no secret that the fashion industry has started to explore the cryptoverse, with brands like Dolce & Gabbana, Gucci, Philipp Plein and Tiffany & Co. taking their own path down the metaverse runway. Decentraland’s Metaverse Fashion Week hinted at a new wave of fashion, while Philipp Plein brought the metaverse and nonfungible tokens (NFTs) right into his London shop. The innovative technology mixed with the ever-changing fashion world was an inevitable pair, but....
Music is becoming a key feature in the Metaverse, but will challenges hamper adoption? The Metaverse is quickly becoming one of the biggest trends of 2022. Recent data found that the metaverse sector currently has a market capitalization of over $26 billion. While impressive, new capabilities are also being added to virtual worlds to create more immersive experiences.For example, metaverse communities that cater to creatives are starting to unfold, allowing users to customize their own interactive experiences. Although this is still an emerging concept, the incorporation of music appears....
Your avatar can now do the slack for you if you feel too weak to stand up and see a doctor. A medical facility in the metaverse is set to be launched in the United Arab Emirates in the coming months to enable patients to consult with physicians and get treatment using avatars. Healthcare company […]
PRESS RELEASE. Torum is set to launch a pioneering social metaverse and socially integrated Avatar NFTs through a unique SocialFi platform.
29th September 2021, Kuala Lumpur, Malaysia — Torum SocialFi platform has announced that it will be launching a ‘Social Metaverse’ and the world’s first-ever social-integrated Avatar NFT, following a strategic investment from Huobi Ventures back in August 2021.
Torum SocialFi Platform
The conceptualization and creation of metaverses has been on the rise since the explosion of the NFT....
What will our identity look like in the Metaverse? A decentralized Web3 suggests it’ll be completely in our control, but growing amounts of information stored online suggest otherwise. “The Metaverse” and “Web3” are the buzzwords of the moment, with their concepts permeating across the worlds of fintech, blockchain, and now even mainstream media. With decentralization thought to be at the core of the Web3 Metaverse, the promise of a better user experience, security and control for consumers is what’s driving its growth. But with users’ identities at the heart of the Metaverse, coupled with....