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
Powered by its unique hashgraph technology—claimed as blockchain 2.0—the Hedera network has now released a FIFA World Cup Qatar 2022 metaverse game. Just in time for the growing excitement over the tournament. Reality+ and OTZ Sports have collaborated to release the Web3 game “Own The Zone.” In which players may
A lawsuit to prevent Microsoft’s acquisition of Activision Blizzard, makers of the Call of Duty and Overwatch series, was revealed on Thursday by the Federal Trade Commission. The FTC claims Microsoft would gain an unfair edge in the gaming sector as a result of the merger. Thereby turning it into
Beginning with domestic bank-to-bank transactions, Indonesia is advancing its “Project Garuda” plans for a central bank digital currency (CBDC) called Digital Rupiah. The official introduction of the Digital Rupiah design happened last week by the Bank of Indonesia. In the meanwhile, other large economies like India have been trying out
Software development business Aave Companies today announced the purchase of Sonar. It is a San Francisco-based metaverse developer. Where users may construct worlds and interact with user-created areas utilizing non-fungible tokens (NFTs). The Aave Companies is the parent company of many different cryptocurrency initiatives. Such as the Aave lending and
Metabloqs, the first Swiss metaverse built on the XinFin blockchain network has created hype since its launch with more than 300k users. The real-world replication of original cities as “Meta-cities”, and the revenue opportunity via decentralized trusted economy have drawn attention towards the metaverse project. In the Q3 of 2022,
One of the world’s top ten vehicle manufacturers, Stellantis, has opened its first virtual metaverse shop selling the Fiat brand of automobiles. Customers now will be able to virtually test drive the New 500 La Prima by Bocelli. And feel what it’s like to be inside and outside the vehicle
The South Korean VC company Daesung Private Equity has made the decision to invest in the metaverse. On November 30th, the firm announced the creation of a fund dedicated to investing in the metaverse. With a total of 110 billion won (about $83.5 million). With the backing of the Korea
