Fidelity Investments, the U.S based financial services corporation, has set out to enter the metaverse industry. According to Mike Kondoudis, a trademark attorney, the platform has recently submitted a series of trademark applications for non-fungible tokens (NFTs), NFT marketplaces, metaverse investments, virtual real estate investing, and cryptocurrency trading services. This
According to Samsung’s recent announcement, the company is investing more than $35 million in metaverse initiatives targeted at the Latin American market. The move is part of the company’s ongoing effort to enhance its digital presence and interact with a younger demographic. Samsung is always the first to provide a
Metabloqs, the vibrant Swiss metaverse built on the XDC network, is the kin to the iconic monuments and wonders of the real world. Meta Paris Beta, Metabloqs’s first metaverse city, is launched publicly to all its users on December 22 as a Christmas gift. Virtual replication of the planet’s Christmas
A long-term collaboration between Upland and UNICEF Brazil was announced in order to create a new social initiative and the Web3 academy in order to satisfy the pressing need for more chances for young people to get education, training, and employment. Through this special collaboration, it will be possible to
Polygon-powered NFT marketplace, OnePlanet joined hands with Sandbox Network to promote the global expansion of MetaToyDragonZ (MTDZ). MTDZ is a collection of 9999 PFP NFT projects based on generative pixel art designed for Metaverse and P2E. In October 2022, Sandbox Network revealed that MTDZ is extending its chain from Klaytn
While the whole IT sector has been struggling in 2022, Meta has had it particularly difficult. Since the firm changed its name in October 2021, when its stock was trading at $323.57 a share, the price of the stock has plummeted by 60%. Based on data from MarketWatch, Meta is
Zhejiang, a Chinese coastal province, to become one of the largest metaverse hubs in the country. According to a recent Chinese report, Zhejiang is eyeing to build a metaverse industry in its territory. The project is estimated to cost more than $28.7 billion by the year 2025. The latest move
Looking Glass Labs is looking to accelerate the development of its nascent Pocket Dimension metaverse after forging a strategic partnership with the Unreal Engine-focused metaverse development platform Cavrnus. LGL is best known for its hugely successful GenZeroes NFT collection. GenZeroes is a thrilling Sci-Fi action series that’s powered by NFTs,
Warner Music Group, an American media and music giant, has recently expanded its metaverse approach by forming a relationship and investing in DressX, a digital clothing company. In accordance with the terms of the deal. Warner Music artists will be able to work with DressX directly. In order to create
Doug Anmuth, an analyst at JPMorgan, recently published a consumer note in which he predicted that Meta will continue to show indications of improving its cost control. The analyst stated: “Heading into 2023, we believe some of these top and bottom line pressures will ease, and most importantly, Meta is
