Finland joins the race for metaverse supremacy and has released a strategy paper to guide the country in its quest to become a global leader in the metaverse industry within the next decade. The strategy also outlines the country’s aspirations
Integrating metaverse infrastructures in urban environments redefines how citizens interact with city services, experience urban landscapes, and contribute to the economy. Seoul, Dubai, and Santa Monica are actively exploring the use of virtual platforms within their urban frameworks. These platforms
Indonesia’s leading presidential candidate, Prabowo Subianto, plans to build 10 metaverse cities if he wins the 2024 election, according to his campaign team spokesman, Budiman Sudjatmiko. The plan will cost around $8.6 billion. Subianto is a former special forces general
The European Union is actively moving to establish its presence in the evolving metaverse sector. This effort is directed towards decreasing its reliance on technological resources from non-EU countries and creating a supportive landscape for EU businesses. This strategic direction,
The United Nations Institute for Training and Research (UNITAR) has unveiled its innovative UNITAR Metaverse, a first-of-its-kind virtual platform from a United Nations body, to mark its 60th anniversary. According to the UNITAR announcement, this initiative stands as the first
Chinese Metaverse City industry sees a 50% annual growth rate as Shanghai is envisioned to lead growth ahead of other global cities in the next five years. The Metaverse City industry is projected to surpass the original 100 billion yuan,
Indian media group Shemaroo Entertainment launched “themed metaverse experiences” for some of India’s iconic films, such as Disco Dancer and The Great Gambler. The immersive experience is set in The Sandbox metaverse under the joint-venture cultural hub BharatBox. In a
Lockheed Martin has introduced a suite of metaverse-based training solutions, revolutionizing military preparedness for the 21st century. This move encompasses a range of systems, including the Amorphic Appearance Zero-Projector (AMAZE) visual display, Prepar3D simulation software, SIMRES live training technology,
The Intellectual Property Office of the Philippines (IPOPHL) and the European Union Intellectual Property Office (EUIPO) are set to renew their Memorandum of Understanding (MOU) in 2024. This renewal, proposed during a meeting at EUIPO’s headquarters in Spain, marks a
As virtual reality technology gets more advanced,’metaverse sex’ could eventually become the “norm,” replacing pornography apps and websites, just as websites pushed out magazines, according to Simon Hall, cofounder and MD of Mixed Reality Rooms. Hall says more people will
Several U.S. states, including California and Texas, have taken decisive legal action against GS Partners. The company is accused of engaging in fraudulent investment schemes involving crypto assets. This case highlights the growing scrutiny of cryptocurrency operations and the steps
South Africa’s hopes of becoming a metaverse hub remain alive as devices such as Apple’s Vision Pro are expected to drive metaverse platforms as virtual reality becomes mainstream. Contrary to the view that the metaverse is dead or dying, there
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