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Deloitte: Metaverse Could Add $1.4 Trillion a Year to Asia’s GDP

November 24, 2022 by admin

Deloitte: Metaverse Could Add $  1.4 Trillion a Year to Asia

Deloitte estimates the metaverse could add $ 1.4 trillion to Asia’s GDP annually by 2035. Noting that the metaverse market could be as large as $ 13 trillion by 2030, the global financial services firm said: “The metaverse is no longer science fiction. Early metaverse platforms are already being used by millions.” …

Chinese Platforms to Test Metaverse Tech During Qatar World Cup 2022 Broadcasts

November 21, 2022 by admin

Chinese world cup Qatar metaverse

Several Chinese platforms are introducing metaverse tech in their coverage of Qatar’s 2022 soccer World Cup. The experiences, which will use virtual reality (VR) headsets and 5G as base tech, will allow the users to enjoy a metaverse-like view of the event, and will also give Chinese companies a chance to hone their implementations …

Big Four Company KPMG to Examine New Business Models in the Metaverse

November 18, 2022 by admin

KPMG metaverse

KPMG, one of the “big four” companies in the consulting and auditing business, is appointing a new head of metaverse futures. The new position, to be occupied by Alyse Sue, will be dedicated to the implementation of technologies such as metaverse and crypto to find fresh business models for the company, as other big …

Chinese Government Releases VR Research Plan Including Metaverse and Odor Simulation

November 4, 2022 by admin

chinese government metaverse

The Chinese government has presented a plan of action regarding the inclusion of virtual reality (VR) and augmented reality (AR) in the lives of the Chinese people. The plan contemplates research of several technologies, including the development of an open metaverse platform for its citizens and research on odor simulation technology. Chinese Government Includes …

pax․world: A Token Must Be an Economic Bedrock Not a Collectable Gimmick for the Metaverse to Thrive

October 31, 2022 by admin

sponsored This week, pax.world launched $ PAXW, its proprietary utility token for the metaverse. The process of designing and launching $ PAXW has provided a clear understanding of the token’s inherent purposes, enormous potential, and possible dangers. Let’s begin at the top: A utility token is a cryptocurrency that serves a specific …

A Recent SEC Filing Shows the World’s Largest Asset Manager Blackrock Plans to Launch a Metaverse ETF

September 30, 2022 by admin

A Recent SEC Filing Shows the World

According to a recent filing, Blackrock, the multi-national investment company based in New York City and the world’s largest asset manager, has plans to create a new exchange-traded fund (ETF) based on metaverse companies. The fund — dubbed the Ishares Future Metaverse Tech and Communications ETF — will track metaverse firms with exposure to …

European Union to Launch Global Metaverse Regulation Initiative in 2023

September 16, 2022 by admin

European Union

The European Union (EU) will present an initiative to address the metaverse and all the activities and interactions happening in it sometime in 2023. The proposal, which was qualified as ”key” in the State of the Union letter of intent authored by Ursula von der Leyen, President of the European Commission, will present several …

China’s Metaverse Gaming Market Might Explode to Over $100 Billion According to JPMorgan

September 14, 2022 by admin

JPMOrgan China Metaverse

Analysts from JPMorgan believe that the metaverse gaming market could explode in China even with the current state of regulation, which presents certain difficulties for adoption. Companies like Tencent, Netease, and Bilibili are JPMorgan’s picks when it comes to taking advantage of this potential growth, that at best, might pass the $ 100 …

Report: Investment Management Giant Invesco Launches Metaverse Fund

August 23, 2022 by admin

Report: Investment Management Giant Invesco Launches Metaverse Fund

The investment management giant Invesco has launched a metaverse fund that will invest in a myriad of startups focused on metaverse technology, a Citywire report detailed on Monday. “We will seek to capitalise on these opportunities through a highly selective, valuation-conscious approach,” Tony Roberts, Invesco’s fund manager, explained. Invesco Reveals Metaverse Fund — Investment …

Meta Launches Horizon Worlds Metaverse App in Spain and France

August 18, 2022 by admin

Horizon Worlds

Meta, the social network company, has expanded the services of its flagship metaverse app, Horizon Worlds, to Spain and France. This move is part of the expansion plan of Meta to offer these services to more countries in Europe this year. While the app was available as an invite-only service in 2020, it just …

Web3 & Metaverse NFT Domains Now Available to Mint at Quik․com

July 26, 2022 by admin

sponsored Quik.com is offering NFT domains as a gateway pass for users to establish their very existence on the web of tomorrow and the metaverse. A wide range of top-level domains, including .metaverse, .web3, .vr, and many others, are available on this NFT domain marketplace, Quik.com, enabling users to unleash their creative side on …

Shanghai Aims to Grow a $52 Billion Metaverse Cluster by 2025

July 15, 2022 by admin

shanghai

The Government of the city of Shanghai has proposed a group of guidelines to help it shift into a metaverse power. The plan of action defines each one of the technologies that the municipality needs to focus on to achieve the goals of building a $ 52 billion metaverse economy, while at the …

Spain to Offer Grants for Metaverse Companies

July 12, 2022 by admin

spain

The government of Spain has announced it will issue a series of grants and aid for metaverse-related developments. The individuals and companies interested in receiving these grants will have to be based in the European Union or Spain and present a plan, and meet a series of requirements, to be considered. The first batch …

Dubai Is Preparing to Take Its Government to the Metaverse

July 4, 2022 by admin

dubai

The Government of Dubai is preparing to make part of its offices available in the metaverse, according to reports. The country is currently seeking third parties to help it arrange the transition of some of its departments to the virtual world, per statements made at a metaverse event by Sharad Agarwal, chief metaverse officer …

Former Google CEO Eric Schmidt Is Skeptical About the Metaverse Concept

July 4, 2022 by admin

eric schmidt

Eric Schmidt, who was CEO of Google, has declared that there is confusion about the concept of the metaverse and what it means for people. Schmidt stated that, even with a company like the former Facebook pivoting its operations to occupy the metaverse market, there is still not a clear definition of the concept …

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