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Metaverse April 30, 2022

Is Religious Worship Moving Into the Metaverse Now?

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With everything else that is moving into the Metaverse, from virtual clothes to wearable swag you can own in real life and for your avatar, why shouldn’t the world’s great religions be able to get in on the Metaverse action? The answer is, they can and they will. Some representatives from large groups in the United States, such as the Church of Jesus Christ of Latter Day Saints, or LDS for short, have expressed interest in moving some congregations to the virtual world.

 

 

“When you become chronically ill and you can no longer participate in what everybody else is doing, slowly but surely people fall away. So it’s been just myself, my husband, and our cats.” -Alina Delp

 

What’s The Move?

Some have said that theological or religious experiences should be confined to the holy places that one can visit in person or to one’s home in general. Some, on the other hand, have contended that there is no reason that people can’t have relgious experiences in the Metaverse.

Just like any other experience, a religious experience should theoretically be available in a virtual context. One company, VC, is aiming to bring religious congregations to the Metaverse with the power of both AR and VR. Certainly, one will be more powerful than the other. But it remains to be seen if one would be able to experience the eucharist in the Metaverse, or circumambulate the stone at Mecca.

MetaNews is your number one resource for information on the Metaverse and the markets. We deliver the relevant news, every day. Don’t forget to check us out on Twitter! @metanews_com. Our staff of expert researchers and copywriters are dedicated to bringing you the latest, most relevant information from all over the Metaverse and its affiliated properties. From commerce and finance, to technology and interconnectivity, MetaNews produces well researched, accurately sourced articles on a daily basis.

Billy Houghton is a top acclaimed and sought-after commodities futures trading expert. The expertise and in-depth level of analysis that is offered by Billy Houghton is what has managed to put him at the stage of being the top ranked author for MetaNews among multiple different categories. Throughout his career, Billy has specifically spent over three decades on Wall Street fine-tuning his skills, which included over two decades at a trading desk. In more recent times, specifically the last decade, Billy has been researching algorithms of AI in futures trading, and believes they are the future of trading. He started writing about the Metaverse, as he thinks its the future of everything AI related.

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Metaverse

Hype Partners unveils a new metaverse studio

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Hype Partners, a Web3 super agency, today announced the launch of its Metaverse Studio and named Enara Nazarova as the Studio’s VP of Metaverse (VPM). Brands in luxury, apparel, music, and sports have all expressed interest in creating engaging web3 experiences as a result of the recent NFT boom.

The Studio will assist legacy and emerging brands in these industries, as well as others, in creating resilient communities and launching successful metaverse-native projects

Enara comes to Hype with a diverse background in marketing, having led initiatives in fashion, media, and education. She has been working on fusing culture and emerging technology since 2016 and advocating for diverse talent representation in the tech industry. Enara will lead the company’s Metaverse partnerships as well as work on developing a suite of next-generation digital experiences at Hype as VPM.

Enara is the founder of ARMOAR, the host of the leading digital fashion community DIFA Club, and an international keynote speaker specializing in the future of metaverse-native brands and virtual self-expression. She was recently named one of ReadWrite’s Top 30 Voices in the Metaverse.

“Hype has worked with over 150 ambitious web3 organizations since 2017, and we’ve cemented ourselves as industry experts,” says Jake Stott, CEO of Hype Partners. Enara is an expert at navigating these transitions as hype evolves to meet the needs of brands entering the web3 space.

“A common mistake we see brands of all sizes make is putting too much emphasis on launching NFTs and products that ignore their community. The Metaverse Studio aims to address this issue by hosting events and publishing research reports, in addition to our agency consulting services, which assist brands in developing effective metaverse and web3 strategies.”

“Together, the metaverse and web3 are the backbone of the internet of the future,” says Enara Nazarova, VP of Metaverse at Hype Partners. The use of in-game products, tokens, and authenticated virtual assets in branded virtual social experiments has exploded, and this trend is expected to continue. Hype is uniquely positioned to assist brands in defining their narrative in the emerging metaverse as a community-focused agency.”

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Metaverse

Microsoft teams with Kawasaki for the metaverse

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On Tuesday, May 24, 2022, Microsoft made the announcement that Kawasaki had become a new customer for the tech giant, which had recently expanded its operations to include the metaverse industry.

According to a report that was published by CNBC on Wednesday, by joining Kawasaki as a new Microsoft customer, it makes it possible for factory workers to wear HoloLens headsets to assist with production, repair, and supply chain management.

Augmented reality is created by superimposing computer-generated imagery over a live view of the physical world, and HoloLens was the first product of its kind to be commercially available in 2016

In the context of Microsoft’s industrial metaverse, this entails bringing together a number of the company’s technologies, such as cloud computing, to assist factory workers and managers in constructing products in a manner that is both quicker and more effective.

The goal is to develop what Microsoft refers to as a “digital twin” of the workspace, which can facilitate the acceleration of processes such as the initiation of new production lines and the completion of repairs.

HoloLens can be used to chat with workers on site and guide them through the repair process with visual cues from augmented reality. For instance, instead of calling a repair person to come to the factory to fix a broken part, this can be accomplished by guiding workers through the process themselves with the help of HoloLens.

It also gives managers the ability to use this technology to increase new production if it is required, which is something that Microsoft offers as a solution to problems with supply chains.

As a manufacturing partner, Kawasaki joins the likes of Heinz, who just recently announced that they would be using Microsoft’s industrial metaverse in a soy sauce factory, as well as Boeing. In spite of the fact that it may appear to be a joke, it is something that customers of Microsoft are requesting as excitement grows about the concept of the metaverse.

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Metaverse

USHD builds region’s first metaverse properties

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This year, Union Square House, a real estate brokerage in Dubai that has handled transactions totaling multiple billions of dirhams, will introduce the MENA region’s first Metaverse mansions. The initiative is being carried out at a time in Dubai when Web3 is being embraced by both the public sector and the private sector.

Non-fungible Tokens, also known as NFTs, are enjoying a meteoric rise in popularity in Dubai

One of the first industries to reap the benefits of Web3 applications, which are founded on blockchain technology and operate on decentralized, peer-to-peer networks, is the real estate sector.

According to recent market data, the total value of real estate transactions in the Metaverse reached UAD500 million in 2021, and it is anticipated that the volume will double this year. The market for real estate in the metaverse is projected to expand at a compound annual growth rate of 31 percent between the years 2022 and 2028.

Utilizing Dubai’s savvy investor community and a relatively young population, which is characterized by high levels of familiarity and comfort with the concept of virtual worlds and its prospects, USH intends to develop and sell ultra-luxury digital properties as NFTs. These properties may or may not have their physical twins. USH will leverage these factors to their advantage.

MetaIncubator, the first Metaverse incubator in the Middle East, was recently launched by Dubai World Trade Centre. In the Metaverse, the Ministry of Economy hosted the world’s first ever economic summit, the Investopia Investment Summit. The Ministry of Health and Prevention has also created a new Metaverse platform that allows people to virtually access medical care and support. Eikonikos, a Dubai-based metaverse startup, recently received USD2 million in pre-seed funding from the private sector.

Customers who purchase digital mansions not only gain ownership of the properties but also have the ability to interact with other users and digital neighbors by viewing their properties in augmented reality.

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