The total addressable market (TAM) for the metaverse economy could be between $8 trillion and $13 trillion by 2030, with up to five billion users, but getting to that market level is going to require sizable infrastructure investment, Citi said in a report on Thursday.
“Metapolis will allow conceptually-rich and custom-designed domes as part of cities that can house brands, artists, concepts, games, e-stores, real estate or other digital experiences — offering a new layer of engagement for both the physical and digital worlds. Metapolis looks to be self-sustaining and includes engagement layers such as NFTs, e-commerce, play-to-earn, digital mannequins, […]
Developers have decided to use Ethereum’s native cryptocurrency ether as a land pricing token.
Many high level executives of traditional technology firms have left their jobs to dive into the metaverse with Grab’s head of technology, Wui Ngiap Foo, being the latest.
Over a period of four days (don’t let the word “week” fool you), Metaverse Fashion Week played host to a series of virtual catwalks, cocktail parties, gallery openings and DJ sets; Perry Ellis, Dolce & Gabbana, Phillipp Plein and Tommy Hilfiger were among the featured designers, all of which were promoting their own digital fashion […]
“When I first got into Web 3, this was the kind of project I was hoping to see,” Grimes said in a statement. “I’m very excited to be partnering with [OP3N] to launch a series of educational art for babies and small children with the goal of creating a profound experience for babies that is […]
The round was co-led by Binance Labs and DeFiance, a Three Arrows Capital platform fund.
The bank wants to engage with sports, e-sports, and gaming fans on the metaverse.
Blockchain game development studio Metaverse Game Studios has raised $10 million in a funding round co-led by Pantera Capital, Animoca Brands, Solana Ventures and Everyrealm. Other investors included OKX Blockdream Ventures, Mechanism Capital, Morningstar Ventures, Huobi Ventures and Shima Capital.
The trademarks, filed under “Slim Jim,” “Meataverse” and “Long Boi Gang,” outline plans for the company to offer “services featuring virtual goods, virtual food products and non-fungible tokens,” along with “providing a metaverse for people to browse, accumulate, buy, sell and trade virtual food products.”