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Metaverse News

February 02, 10:30 pm

Okx to Launch Okx Collective, a Metaverse Experience Powered by Manchest...
Okx, one of the largest cryptocurrency exchanges in the market, has announced the launch of its soccer-focused metaverse experience, called the 'Okx Collective.' The immersive experience will include Jack Grealish, Rúben Dias, Ilkay Gündo?an, and Alex Greenwood, stars from Manchester City, the reigning champion of the Premier League. Okx To Launch Okx Collective Metaverse Sports clubs and their players are more and more inclined to tailor metaverse platforms to offer new immersive experiences to fans. Okx, one of the biggest cryptocurrency exchanges by volume traded, will launch its own metaverse experience specially tailored for soccer fans. The company has partnered with a group of players of the reigning champion of the Premier League, U.K.'s first-division soccer league, to create a platform for fans to engage with their stars and get a glimpse of their activities on and off the field. In a press release, the exchange explained the collective will provide a glimpse into the lives of these stars, who will lend their exclusive training music, content, and NFT-based digital experiences to the platform. Soccer clubs have been particularly interested and active when it comes to adding more experiences of this kind to enrich and tighten the relationship with their f... read More

February 02, 9:52 pm

Meta Lost $13.7B on Metaverse Initiative in 2022
Mark Zuckerberg's Metaverse bid proved costly for the company amidst a persistent bear market as Reality Labs lost $13.7 billion in 2022. According to Meta's earnings release, the company's metaverse arm recorded an operating loss of $4.28 billion in the fourth quarter, dragging down its total for the year. Facebook was rebranded as Meta in the fal... read More

January 31, 11:30 pm

Metaverse Tokens Outperform Top Crypto Assets in 2023 With Decentraland'...
During the first month of 2023, the top two leading cryptocurrencies, bitcoin and ethereum, experienced double-digit gains against the U.S. dollar. Meanwhile, several alternative cryptocurrencies saw even greater increases in value, with metaverse tokens like Decentraland's MANA and The Sandbox's SAND rising 92-150% against the greenback.Metaverse ... read More

January 30, 12:30 pm

Recruiting Agencies in Japan Are Turning to the Metaverse
The metaverse is making inroads in job recruiting fronts in Japan. According to local reports, a mega metaverse job fair was organized on Jan. 27, with more than 2,000 students taking part in the experience. The students used avatars to communicate and review the job previews available in different booths controlled by several companies. Japan Emb... read More

January 26, 9:30 pm

NBA Extends Partnership With Meta to Bring Basketball Games to the Metav...
The NBA has extended its current partnership with Meta to broadcast its games to the metaverse. The company announced that 52 games of the league will be available to be enjoyed using VR (virtual reality) tech, using Xtadium, a co-viewing platform. Five of these games will be presented in a more immersive way for Horizon Worlds, Meta's flagship met... read More

January 24, 7:00 am

Microsoft Layoffs Reportedly Hit Key VR and Metaverse Teams
The latest round of layoffs at Microsoft, which announced it will cut 10,000 jobs this year, has hit key teams for its VR (virtual reality) and metaverse efforts, according to reports. The company will close two projects in these areas, Altspacevr and the Mixed Reality Tool Kit, potentially affecting the progress of Microsoft in these areas. Micro... read More

January 23, 12:30 pm

Microsoft CEO Satya Nadella Praises Metaverse 'Sense of Presence,' Calls...
Satya Nadella, CEO of Microsoft, has given his opinion about the metaverse and the impact that the tech might have in the future. In a conversation with Klaus Schwab, chairman of the World Economic Forum (WEF), Nadella stated that the sense of presence achieved while interacting using metaverse tech is 'game-changing.' Microsoft's Satya Nadella Ta... read More

January 20, 3:20 pm

Decentraland (MANA) Swells 55% – Are Metaverse Tokens Back?
MANA is the native token of the Decentraland ecosystem which, as the time of writing, has seen growth enough to recoup losses post-FTX collapse. According to CoinGecko, the token is up 55% in the weekly timeframe with the biggest gains made during the monthly time frame at 105%.  With 2023 showing a renewed interest in crypto, Decentraland has... read More

January 19, 11:30 pm

Davos 2023: WEF Unveils Global Collaboration Village Metaverse Platform
The World Economic Forum (WEF) has announced the rollout of the Global Collaboration Village, its own metaverse platform, for this year. Klaus Schwab, chairman of the WEF, plans to leverage this representation of Davos to allow people and leaders to meet in virtual worlds and coordinate global collaboration efforts efficiently. WEF to Promote Meta... read More

January 18, 9:30 am

Shanghai Metaverse Pilot Introduces Digital Services in 20 Urban Locatio...
The city of Shanghai is bringing metaverse activities to 20 urban locations, that will allow citizens to use digital tools in different ways according to the area. The initiative is part of a pilot program of the Shanghai Municipal Commission of Economy and Informatization to push more metaverse applications to the population. Shanghai Takes the M... read More

January 17, 10:30 am

WEF Predicts Metaverse Tech Will Change Industry First, Moving to the Co...
The World Economic Forum (WEF) has published an article predicting how metaverse tech will evolve and how it will be introduced in different sectors. For the organization, the biggest impact of the implementation of this tech will be observed in industrial environments, where it will contribute to carrying out more tasks and reducing expenses. WEF... read More

January 17, 9:51 am

Bitcoin Maintains $21K, Metaverse Tokens Soar (Market Watch)
Following the past few positive days, bitcoin has returned above $21,000 and has managed to sustain above that level. The altcoins have calmed on a daily scale now, aside from several representatives of the Metaverse industry. BTC Still Above $21K Although the numbers of reports suggesting an upcoming recession for a significant portion of the worl... read More

January 15, 4:16 am

Whale Moves Huge Amount Of Shiba Inu Tokens As SHIB Unveils To Metaverse
As the dog-themed crypto asset gets ready to launch its new metaverse, a crypto whale is suddenly transferring trillions of Shiba Inu (SHIB) tokens. According to a tweet by Whale Alert, a platform for tracking whales said that a huge number of SHIB tokens (3,323,256,285,484) worth almost $30.48 million were moved from one unknown wallet to another... read More

January 14, 7:30 am

Bill Gates Props Up AI Against Metaverse and Web3 Tech
Bill Gates, the co-founder of Microsoft, has given his opinion about the relevance of Web3, metaverse, and AI (artificial intelligence), a set of technologies in development today. Gates stated that AI was 'the big' revolutionary technology that is comparable to what the internet was in the year 2000. Bill Gates Considers AI Tech 'Revolutionary' ... read More

January 03, 9:30 am

Car Manufacturer Maruti Suzuki Launches Metaverse Showroom Experience in...
Maruti Suzuki, one of the biggest car manufacturers in India, has announced that it is taking its customer retail experience to the metaverse. The company announced on Jan. 1, it would launch a VR (virtual reality) network for its Arena showroom series, allowing its users to experience the Maruti Suzuki Cars online or via authorized dealers. Marut... read More

January 02, 4:39 pm

First Proprietary Metaverse Casino Cloverland to Be Showcased at CES 202...
[PRESS RELEASE - Please Read Disclaimer] The Authentic Casino Experience Uses Advanced XR and Blockchain Technologies for Immersive, Secure, Interactive Gaming in the Metaverse Santo Domingo, DR (December 28, 2022) JM2 Clover Gaming will officially launch its Metaverse Cloverland which is an interactive, immersive environment with a full interopera... read More

December 31, 11:30 am

Insurance Giant Tokio Marine to Offer Its Services in the Metaverse
Tokio Marine, the biggest property/casualty insurance group in Japan, is taking its services and operations into the metaverse. The group, which has more than 39,000 employees all over the world, will allow its users to review and purchase insurance products on a metaverse platform, using real employees as clerks in the virtual world. Tokio Marine... read More

December 31, 2:30 am

Financial Giant Fidelity Files Trademarks for Crypto, NFT, and Metaverse...
Fidelity Investments, a major financial services firm with $10 trillion in assets under administration, has filed several trademark applications for a wide range of cryptocurrency, non-fungible token (NFT), and metaverse products and services.Fidelity's Crypto and Metaverse Trademark Applications Fidelity Investments filed three trademark applicati... read More

December 28, 10:30 am

Japanese Gaming Company Gumi Partners With Square Enix and SBI Holdings ...
Gumi, a Japanese mobile gaming company, has partnered with Square Enix and SBI Holdings to build new business opportunities around the metaverse. The deal, which also includes the issuance of new stock valued at $52.7 million dollars, will allow the company to acquire financial and content creation experience. Gumi Raises $52.7 Million in Metavers... read More

December 27, 1:25 pm

Fidelity to Enter The Metaverse With Latest Trademark Applications
On Dec. 27, licensed trademark attorney Mike Kondoudis revealed the latest crypto trademark applications from Fidelity Investments. There were three applications filed broadly covering Metaverse technologies and services, NFTs and marketplaces, virtual land, and cryptocurrency trading. The first relates to digital media and NFTs, and the second is ... read More

December 27, 10:00 am

Argentine Soccer Association AFA Partners With Upland to Enter the Metav...
The Argentine Soccer Association, AFA, has partnered with Upland, a virtual world platform, to introduce its fans to the metaverse. Upland will allow Argentine fans to have a bigger connection with AFA history, presenting the opportunity to acquire digital representations of several properties of the league, including clubs, games, historical momen... read More

December 27, 1:00 am

Banking Giant HSBC Files Trademarks for a Wide Range of Digital Currency...
Banking giant HSBC has filed trademark applications with the United States Patent and Trademark Office (USPTO) for a wide range of digital currency products and services, including those related to the metaverse and non-fungible tokens (NFTs).HSBC's Trademark Applications for Crypto-Related Products and Services HSBC has filed two crypto-related tr... read More

December 24, 6:30 am

Samsung Is Investing More Than $35 Million in Latam-Focused Metaverse In...
Samsung, the Korean electronics behemoth, has revealed it is currently investing more than $35 million dollars in metaverse initiatives for the Latam audience. The objective behind this move is to help the brand attract and connect with younger audiences, as part of its digital push and growth marketing strategy. Samsung's Metaverse Push in Latam ... read More

December 23, 8:56 am

AFA Partners with Upland to Expand the Realm of Fandom of Argentina's Fi...
[PRESS RELEASE - Buenos Aires, Argentina, 22nd December 2022] The strategic partnership will allow AFA to engage fans with a better understanding of how the metaverse works, how to contribute and benefit, while also expanding fan engagement and connecting fans to the teams and players they admire. The partnership represents the first Argentinian f... read More

December 21, 12:30 pm

Spain Will Provide 8 Million Euros in Grants to Develop Video Game and M...
The Ministry of Culture and Sports of Spain has decided to direct 8 million euros ($8.5 million) toward the development of video games and narrative metaverse experiences. The program, part of the Spanish 'Recovery, Transformation, and Resilience Plan' will give grants directed to incubate projects in these areas in 2023. Spain Directs 8 Million E... read More

December 20, 12:40 pm

Looking Glass Labs Partners with Cavrnus to Deliver Metaverse Innovation...
[PRESS RELEASE - Vancouver, British Columbia, 19th December 2022] Looking Glass Labs Forms Strategic Development Partnership with Cavrnus to Deliver Clear Metaverse Innovation and Commercialization Strategy Brands and Creators Will Have Access to Powerful User-Friendly Metaverse Builder and Deployment Tools to Create Unique Experiences Using State-... read More

December 20, 11:00 am

Meta Will Continue to Push Metaverse Investments in 2023 According to He...
Meta will continue to invest in VR (virtual reality) tech in 2023, according to statements made by Andrew Bosworth, head of Reality Labs, the metaverse division of the company. While Meta has made some changes and adapted to the current shaky economic atmosphere, Bosworth states that the company is still committed to its metaverse pivot. Meta to C... read More

December 20, 7:30 am

Meta VR Consultant John Carmack Leaves Company; Criticizes Inefficiencie...
John Carmack, the founder of renowned company ID Software and executive consultant on VR for Meta, has announced he is leaving Meta. Among the reasons for this departure, Carmack signals that there are inefficiencies and self-sabotage at Meta that have affected the work that the company is doing regarding its VR (virtual reality) and metaverse effo... read More

December 19, 12:30 pm

Chinese Zhejiang Province Aims to Build a $28.7 Billion Metaverse Indust...
Zhejiang, a coastal province of China, has presented a metaverse development plan that seeks to build a metaverse hub in its territory. The plan aims to entice the creation of a $28.7 billion metaverse industry and construct an ecosystem of several companies integrating this tech as part of its operations by 2025. Zhejiang Presents Metaverse Devel... read More

December 17, 10:49 pm

The Metaverse Will Influence Travel Decisions in 2023, BookingCom Predic...
The extended COVID-19 lockdown changed the travel industry —and the lifestyle of millions of people. But now that the pandemic seems to be under control, businesses are looking to rise from the ashes with new ideas to engage customers, and the metaverse seems like an exciting topic to explore. According to a survey conducted by the popular tr... read More

December 17, 9:30 am

Capgemini: Nine out of Ten Consumers Interested in the Metaverse
A report issued by Capgemini, a consulting firm, has found that most consumers are at least curious about the metaverse and what it might bring to their lives. The report, which also examined consumer and company expectations of immersive experiences, explains that many are already taking advantage of the metaverse concept. Capgemini: Metaverse Se... read More

December 16, 10:35 pm

Warner Music Group Delves Deeper into Metaverse, Invests in DressX
American entertainment and record label conglomerate - Warner Music Group - is continuing to expand its metaverse strategy, evident in its latest partnership and investment in DressX, a digital fashion retailer. Under the agreement, Warner Music artists will be able to collaborate directly with DressX to design and launch 3D and AR virtual clothing... read More

December 15, 4:13 pm

Meta Lordz Invites Players to Its Imminent MMO Metaverse Game
[PR - London, England, 15th December, 2022, Chainwire] Meta Lordz is inviting metaverse adventurers to team up with fellow warriors and fight enemies of the realm. Intrepid explorers have the opportunity to defend Glasmire from intruders, level up and become legendary warriors in the battle arena while having fun and earning. Meta Lordz is a Massiv... read More

December 15, 4:09 pm

Jesse Lingard to Launch his JLINGZ Esports Brand into the Metaverse
[PR - London, United Kingdom, 15th December, 2022, Chainwire] Games Metaverse Platform Virtua will Collaborate with JLINGZ Esports to Build Unique Fan Experiences in the Metaverse. Jesse Lingard and his JLINGZ esports brand have announced a partnership with games metaverse Virtua, which will see the England international and Premier League football... read More

December 13, 3:17 pm

Virtua expands its metaverse with the launch of the Monster Zone
[PR- London, United Kingdom, 12th December, 2022, Chainwire] The Monster Zone will be the first available area on Virtua Island and the land sale begins today Games metaverse Virtua has announced the launch of the Monster Zone. The first area to be released on Virtua Island, a key region of its home planet in the metaverse - Virtua Prime. The launc... read More

December 13, 5:30 am

Nvidia Projects Automotive Industry to Include Metaverse Tech in Its Ope...
Nvidia, a graphics processing unit and artificial intelligence (AI) company, believes that 2023 could mark the start of a metaverse-driven age in the automotive industry. As part of this new conception, automotive companies will start to include metaverse tech and implement it in their industrial and retail operations. Nvidia Believes Metaverse Te... read More

December 12, 10:15 pm

DeFi Yield Protocol Rebrands as Dypius to Help Users Embrace Metaverse O...
PRESS RELEASE.Bucharest, Romania,12/12/22, Chainwire: After experiencing success in the crypto space, DeFi Yield Protocol announces a complete rebranding to Dypius. The experienced team conducted several months’ worth of research to come up with the best way to represent what they had evolved into over the years. Dypius has the suffix of the ... read More

December 12, 3:50 pm

KISS FM and Ultraverse City Bring Live Radio To The Metaverse
[PRESS RELEASE - Please Read Disclaimer] UltraVerse City and KISS FM are proud to announce a partnership bring live radio to the Metaverse. In the first crossover of its kind, this partnership will add to the depth and immersion of virtual worlds and tether our moves into the multiverse with familiar sounds. What is the Ultraverse City? Ultraverse ... read More

December 12, 2:47 pm

Affyn Unveils Singapore As First NEXUS World Metaverse City
[PR - Singapore, Singapore, 12th December, 2022, Chainwire] 2,000 plots of geolocation-based Freehold Land NFTs launching on December 17, 12:00 UTC In addition to its ongoing Flag sale, Affyn is advancing its NEXUS World metaverse, revealing Singapore as the inaugural metaverse city of Affyn’s NEXUS World. The first metaverse city features 2,... read More

December 05, 1:04 pm

Metaverse Token Axie Infinity (AXS) Suddenly Pumps 25% – What's Ha...
AXS, the native token of Axie Infinity, has seen its price jump in recent hours. The project is a blockchain-based game metaverse in which players collect and breed digital pets called Axies that they can be used in a turn-based card game. At one point, AXS rose to $8.82 after trading as low as $6.41 yesterday and has seen a 28% rally in recent hou... read More

December 03, 11:30 am

Stellantis Owned Fiat Launches Metaverse Store Using Touchcast and Micro...
Fiat, an automotive brand property of Stellantis, has launched its first metaverse-based store, which the company claims is the first showroom of its kind. The experience, which was developed with tech supplied by Touchcast and Microsoft, aims to make the virtual process of reviewing a car more interactive. Fiat Introduces Metaverse-Based Store F... read More

December 03, 9:00 am

Korean VC Firm Daesung Private Equity Announces $83 Million Metaverse Fu...
Daesung Private Equity, a Korean venture capital firm, has announced the launch of a metaverse fund of 110 billion won ($83.5 million). The fund, which will have the participation of the Korean state represented by Korea Venture Investment Corporation's Korea Fund of Funds, aims to put investments into virtual reality (VR) and digital twins-related... read More

December 02, 8:30 am

Animoca Brands Plans $2 Billion Metaverse Fund to Support Established Pr...
Animoca Brands, the parent company of metaverse projects like The Sandbox, has announced it plans to launch a $2 billion metaverse fund. The new fund, which would be focused on returns for potential investors wanting to get more Web3-related capital exposure, will focus its activities on companies in the mid-to-late investment stages. Animoca Brand... read More

December 01, 9:19 pm

Animoca Brands Unveils $2B Metaverse Fund
Hong Kong-based blockchain gaming giant Animoca Brands is all set to roll out a massive $2 billion fund, dubbed 'Animoca Capital,' to invest in metaverse businesses, according to co-founder and executive chairman Yat Siu. While speaking to Nikkei Asia, the exec revealed that the upcoming metaverse fund, which will make its first investment in 2023... read More

December 01, 1:18 pm

Utherverse Partners with Tokensoft to Launch IDO for Native Metaverse To...
[PRESS RELEASE - New York, NY, 30th November 2022] Utherverse, one of the largest metaverse platforms in the world, has signed a partnership agreement with Tokensoft, the leading technology platform for launching digital assets. The deal will facilitate the first and second presale rounds of Uther Coin (UTHX) as part of the token’s initial de... read More

November 28, 1:59 pm

VRJAM Announces The IEO of its Metaverse Currency, Vrjam Coin
[PRESS RELEASE - London, United Kingdom, 28th November 2022] VRJAM, the leading platform for Web3 live events, today announced the launch of its revolutionary new digital currency VRJAM Coin will IEO on the 30th of November via exchanges and MexC. VRJAM’s and metaverse crypto-coin is currently valued at $US40M and has attracted invest... read More

November 25, 5:30 am

Sony Acquires 3D Animation Company Beyond Sports to Offer a Complete Spo...
Entertainment and electronics giant Sony has recently completed the acquisition of Beyond Sports, a company specializing in using real-world data to produce 3D animation. With this purchase, the company is now reportedly able to offer a full metaverse experience for sports matches, complete with tech from other companies already in its portfolio. ... read More

November 24, 7:00 am

Deloitte: Metaverse Could Add $1.4 Trillion a Year to Asia's GDP
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.'Deloitte's Metaverse Study A new repo... read More

November 21, 7:30 pm

Chinese Platforms to Test Metaverse Tech During Qatar World Cup 2022 Bro...
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 of this tech. Q... read More

November 18, 11:30 pm

Big Four Company KPMG to Examine New Business Models in the 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 four companies are already doing... read More

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