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Metaverse February 15, 2022

Metaverse: JPMorgan created a lounge in Decentraland

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JPMorgan announced that it has created a lounge in Decentraland, officially making it the first bank to enter the metaverse. The group also produced a study analyzing how businesses might identify possibilities in the metaverse.

metaverse jp morgan

“There is a lot of interest from clients to understand more about the metaverse”. “We created our white paper to help clients cut through the noise and highlight what the current reality is, as well as what needs to be built next in technology, business infrastructure, privacy/identity, and workforce, in order to maximize the full potential of our lives in the metaverse,” says the bank.

The metaverse, a catch-all for immersive gaming, world-building, and entertainment powered by integrated commercial applications, has experienced a frantic progress in the past year. Further pushed by large public acceptance of goods such as non-fungible tokens (NFTs). For instance, Samsung opened a Decentraland counterpart of its New York shop in January, and Barbados established a metaverse embassy.

On the four largest Web 3 metaverse sites – Decentraland, The Sandbox, Somnium Space, and Cryptovoxels – the average price of a virtual land parcel doubled in the second half of 2021. “From $6,000 in June to $12,000 in December”, according to JPMorgan.

“Over time, the virtual real estate market could come to offer services similar to those in the actual world, such as credit, mortgages, and leases.”

DeFi collateral management, rather than traditional finance corporations, might become the offering of decentralized autonomous groups, according to the report.

According to the article, working in the metaverse will pay well. It cited a variety of entertainment providers as well as apps like RTFKT, a virtual shoe designer acquired by Nike. Advertising is will be another significant expense, according to the bank. Which estimates that in-game ad spending would reach an astonishing amount of $18.41 billion by 2027.

For MetaNews.

Jonathan Hobbs is an Australian investor and author that trades on a variety of asset classes, including currencies, equities, and commodities. Jonathan’s experience as a macro trader leverages his unique writing style to combine important elements, such as technical analysis and news. The other elements that he brings into his unique writing styles are foundation analysis aimed at rational equilibrium values, evaluating the sizes and motivations of buyers and sellers, as well as identifying the needs of the buyers and sellers in the individual markets. Jonathan is committed to quality writing for new traders as well as veterans.

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Metaverse

TLGT is an innovative NFT project

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Planet TLGT is an ecosystem that has been created for the welfare of both the natural world and its inhabitants. It includes a wide range of initiatives, such as NFT projects, Metaverse projects, IRL projects, plantation drives, DAO, and DeFi initiatives, amongst others, with the goal of generating money while also protecting the environment.

The Lucky Golden Trees are non-fungible tokens that are generated at random

These tokens are also known as “NFTs.” Owners are granted access to a variety of community perks, including additional FREE High value NFTs, rewards, and the ability to use Planet TLGT. There are 11111 TLGTs, and each one is totally different from the others. On the Polygon blockchain, TLGTs can be mined, held, and exchanged once they have been created.

There are 1111 reservations in all. Out of these, 300 will be reserved for the ever-growing squad, and the remaining 555 will be distributed as prizes. The remaining items will be sold off at private auctions. “Once it is available, holders will be able to acquire a TLGT NFT by going to the website, scrolling down to the minting section, and then clicking the “Mint Now” button.”

Planet TLGT has set itself the goal of providing its holders with a lifestyle that is secure, organic, and luxurious. The protection of one’s privacy, organic food for one’s health, and the opulence of one’s living standard.

“We are developing a TLGT Village with excellent standards of living at minimum expense using a novel concept called the Physical-Virtual Home, and TLGT-Fam will have lifetime free access to it.”

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Metaverse

Disney steps into the metaverse with project

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Bob Chapek revealed Walt Disney Co.‘s first new cruise ship in a decade. It was the first project he championed to the company’s board. Chapek became Disney’s CEO in February 2020 and earned a three-year contract extension on Tuesday after recent issues spurred questions about his stay.

Chapek informed attendees at the christening event that it took six years to build the 144,000-ton Wish. Mickey and Minnie Mouse, Ant-Man, Chewbacca, and other Disney characters made appearances. “We combine wonderful personalities and tales with incredible technology,” Chapek remarked.

Disney’s theme parks, experiences, and goods unit has rebounded from pandemic closures. First-half operating income was $4.2 billion, reversing a $535 million deficit a year earlier. Chapek said in November that Disney’s premium-priced cruises have yielded “a double-digit return on investment.”

The Wish “kicks off the largest expansion in Disney Cruise Line history,” said Disney’s parks division head Josh D’Amaro. By 2025, two more ships will arrive

The new ship sails as the industry tries to win back consumers. Moreover, the Cruise Lines International Association thinks it will be 2023 before passenger volume surpasses 2019’s 29.7 million.

D’Amaro said bookings indicate Disney’s cruise line will return to full capacity.”We’ll have seven of them filled out,” he added. “I’m positive.” In addition, ” People who join this ship spend three days at Walt Disney World.”

AquaMouse will be the Disney Wish’s first attraction at sea. Guests float through 760 feet (230 meters) of winding tubes while seeing Mickey and other animated shorts. Families may dine in “Frozen” and “Avengers” realms. Disney designed a “Solo: A Star Wars Story”-themed hyperspace lounge for adults.

The ship features a physical-digital interactive experience. A Disney Cruise Line software turns a phone into a virtual “spyglass” for viewing constellations and going on adventures.

The interactive game further Chapek’s metaverse ambitions. The executive recommends virtual activities to keep consumers linked to Disney characters and tales between movie releases and park visits. The Disney Wish departs Port Canaveral, Florida, on July 14.

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Metaverse

Slash holds metaverse VR concert

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Slash, the guitarist for Guns N’ Roses, has joined the metaverse in order to conduct a performance inside of virtual reality. Slash Featuring Myles Kennedy & The Conspirators will be joining the company’s Magic Mirror Musical Metaverse as a result of a collaboration with Groove Science Studios, the creator of the virtual reality music platform Soundscape VR, which has been in operation for the longest amount of time.

The band will be debuting all 10 songs from Slash’s newest album, 4, during their performance at Live At Studios 60

Slash is quoted as saying, “I’m incredibly psyched about this fantastic VR version of our live performance at Studios 60.” “It’s a brand-new, immersive picture that creates a fantastic ‘in the room’ sense.”

Eric Alexander, the founder and creator of Soundscape VR, shared his thoughts on the matter, saying, “It’s a milestone for SVR to display famous artists like Slash.”

Artists all around the world are seeing SVR and Magic Mirror as the ultimate digital presentation of their work because it provides viewers with an experience that is completely unique and is built for the highest degrees of immersion. Soundscape maintains its position as the undisputed leader in the investigation and presentation of the world’s most cutting-edge musical metaverse technologies.

The augmented reality and virtual reality markets are now seeing explosive growth, which is projected to reach 209.2 billion dollars by the end of this year. The Magic Mirror is a platform provided by Soundscape VR that allows musicians to exhibit their work in a digital environment that is both immersive and rapidly expanding. This environment combines virtual reality, augmented reality, and the internet.

Guests visiting the virtual reality show will have the opportunity to personalize an avatar of themselves by selecting new cosmetic options, including new hairstyles, clothing, and other items.

Users can attend these special Magic Mirror performances by downloading SVR for free from Steam VR or Oculus Home, depending on which platform they choose.

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