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Facebook is not the only company building a metaverse

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After Facebook caused a frenzy by changing its parent name Facebook to Meta in a bid to pursue opportunities in the “metaverse”. Scores of companies are announcing their own virtual reality

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Tencent

The Chinese social media and gaming powerhouse, is apparently approaching the metaverse. Additionally experts predict a war between Meta and Tencent in the virtual world.

Tencent has strategic alliances with companies such as Epic Games and the Roblox game platform. Tencent’s empire also includes virtual offices and mobile payments, allowing it to reach a large audience in a variety of industries.

However, China’s ongoing crackdown on the Internet business may imply that the metaverse’s future is uncertain. However, Tencent claims that Beijing is “not fundamentally opposed to the development of (the) metaverse” as long as the user experience is “given within the regulatory framework.”

Roblox Corporation

Roblox Corporation, a video game platform, only went public this year. However in November, it unveiled plans for a metaverse based around its users.

People will be able to “meet together within millions of 3D experiences to learn, work, play, create, and socialize,” according to the business.

Nikeland

Brands are likewise ecstatic about the prospect of entering the metaverse, where they perceive enormous advertising opportunity. Nike is collaborating with Roblox to create Nikeland, a virtual reality experience.

Users will be able to customize their avatars with Nike clothes and sneakers, as well as access to Nike arenas, fields, and buildings to engage in activities like tag. It will be free to use for the time being.

Dyson

Clothing isn’t the only thing that may be found in the metaverse. The Dyson Demo VR created by Dyson, a home appliance company best known for their vacuum cleaners.

It lets you to test its hairdryers, stylers, and straighteners at home using simulation and visualization technology.

Sensorium

However, the metaverse will be more than just a gaming haven. Motion World built by Sensorium, a business controlled by Russian billionaire Mikhail Prokhorov. It’s best described as a high-resolution underwater virtual land with performance areas.

It will also be a place for users to re-energize their minds through meditation and other well-being practices, according to the business.

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Michelle D. Madsen

Michelle D. Madsen graduated from the University of Westminster and has been deeply involved in the world of finance ever since. She has worked as a Broadcast Journalist hosting various news shows and informative webcasts about the financial markets. Since 2004 she has also been writing for Metanews daily, her attention to detail, and her in-depth knowledge of the financial markets have led her to cover Foreign Exchange and commodities. The world of finance has changed in the last few years with the introduction and rising popularity of cryptocurrencies. She has in no means been left behind, adding this to her bank of intellect and is now also an expert in cryptocurrencies. For the last ten years, Ms. Madsen has been engaged in the financial market. She has notedly written a great number of incredibly informative reviews for the crypto exchange and forex brokers. Her wealth of knowledge has enabled her to become a leading expert in the field. She continues to inform the public writing up-to-date, thorough reviews for the readers of Metanews as she has for the last decade.
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