The Bank of Thailand has announced that it would finally legalize virtual banks in the nation. A Bloomberg report forecasts that by 2025, financial institutions would be able to provide their services. The central bank’s “Consultation Paper on Virtual Bank Licensing Framework” states that by the end of 2023. Applications
McDonald’s has teamed up with popular web content producer Karen X Cheng for a Lunar New Year ad campaign. The 30-second ad draws inspiration from Cheng’s warm recollections of the event as a youngster and has a QR code call to action that leads viewers to more campaign materials. Elizabeth
Apple is said to be releasing its first foray into the metaverse. A high-end mixed-reality headset, to the public for the first time this spring after years of development. Soon after Apple’s spring product reveal, the rumored release date for the integrated AR/VR headset, along with new iPhones and other
Jack Ma, co-founder, and CEO of Alibaba, is stepping down as chairman of Ant Group, a Chinese financial technology behemoth. The billionaire’s exit from the fintech behemoth was approved by a vote of the company’s shareholders, according to Reuters. Moreover, a $37 billion IPO by Ant Group in Hong Kong
While enthusiasm for new crypto sub-ecosystems like NFTs was dampened by the 2022 bear market. The Metaverse is still set up for long-term upheaval. McKinsey & Company estimates that the metaverse might be worth up to $5 trillion by 2030. Because of the wide variety of consumer and business-focused use
AR Rahman, a world-famous musician and music director, turned 56 on Friday. On the occasion of his birthday party, Oscar-winning composer AR Rahman announced the release of his metaverse platform “Katraar.” Moreover, he shared the clip across his various social media platforms with a witty remark. The famous artist is
Animoca Brands has scaled down its initial goal of $2 billion and will instead raise $1 billion for its metaverse investment fund in the first quarter of this year. Chairman Yat Siu of Animoca Brands told Bloomberg in a Twitter Spaces conversation: “We had initially looked at a target of
There has been a recent uptick in the number of game developers interested in including metaverse features. Japanese mobile entertainment provider Gumi has established a strategic partnership with other Japanese firms Square Enix and SBI Holdings. Through the issuing of additional shares with a value of $52.7 million. SBI Holdings
The “Made in Bengaluru” Kannada film set will be made accessible in the metaverse. Interality, a business that develops mixed reality software, announced the announcement. The screenplay and direction for the film Made in Bengaluru were both created by Pradeep Sastry. Madhusudan Govind is the main attraction, but the supporting
Mercedes-Benz group, the German luxury automobile is planning to expand its empire in the virtual world too. The step forward towards this is the filing of trademark applications for NFTs and similar purposes. This metaverse initiative was in a public forum on the 19th of Dec, after the tweet made
