Metaverse

Meta-commissioned research estimates the metaverse may contribute nearly $3 trillion to the global economy. Metaverse technologies are being deployed worldwide, with Asia Pacific leading the way.

Paris Hilton will host a Valentine's-Day-themed dating event on The Sandbox platform. Last year, the celebrity filed a trademark application for the "queen of the metaverse" title.

Reality Labs' metaverse project is struggling to survive. Nevertheless, Mark Zuckerberg remains optimistic about the technology's future.

South Korea's capital has just launched Metaverse Seoul. The world's first city-backed metaverse platform provides easy access to a range of municipal services in a virtual environment.

Chinese media platforms are offering VR-based World Cup live streams as the Chinese government aspires to achieve major milestones in VR and metaverse development.

KPGM seeks business opportunities in the metaverse, as clients' web3-related inquiries are on the rise. The Australian branch of the company has just created a new metaverse-related job position.

Facebook parent Meta recently announced it will use the decentralized data storage protocol Arweave to permanently store digital collectibles from Instagram.

Brad Gerstner from Altimeter Capital suggests that Meta should reduce its metaverse-related expenditures. He also recommends that the company adopt "more discrete targets."