The term “metaverse” has been coined to depict a digital universe where users can work, socialize, and play. This concept is attracting the notice of influential tech firms, governments, and financial organizations. Analysts predict that the metaverse could be worth as much as $13 trillion by 2030 and transform how people interact and live their…
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The metaverse, a term coined by tech visionaries to describe a virtual reality where people can socialize, play, and work, is gaining significant attention and investment from top tech companies, governments, and financial institutions. The space is predicted to be worth up to $13 trillion by 2030 and has the potential to change the way…
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The AI-generated avatar creation cross-platform for the metaverse, Ready Player Me, has raised $56 million in a Series B funding round led by Andreessen Horowitz (a16z). The startup’s co-founder and CEO Timmu Tõke says the funding will be used to scale the cross-platform metaverse avatar system. Investors Inject Ready Player Me With Fresh Capital, CEO…
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SAND prices have surged to a new all-time high as The Sandbox announces its highly anticipated play-to-earn metaverse event. Animoca Brands’ virtual property and gaming firm The Sandbox is opening up part of its Metaverse to players for the first time via a multi-week play-to-earn (P2E) Alpha event. But only a handful of lucky players…
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“The metaverse enables us to embed computing into the real world, and to embed the real world into computing. Bringing real presence to any digital space,” said Microsoft CEO Satya Nadella. U.S. tech giant Microsoft is taking the plunge into the Metaverse via updates to its Teams and Xbox gaming console services, along with a…
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