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
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, 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.
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.
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.
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.