Connect with us

Metaverse November 17, 2021

To make the metaverse a reality VCs will spend billions

Published

on

Where will we see more funding?

So yet, funding for metaverse-related areas has only been a start. To develop out the metaverse, there will need to be investment in a variety of other areas.

Jed Strong, CEO of gaming payments business Tiv said that the primary areas positioned for investment in the metaverse include hardware, networking, processing power, virtual platforms, payments, and content and assets. According to Strong, it’s also not something that will be fully realized anytime soon.

metaverse

MetaNews.

According to Strong, the metaverse will be something like to a massive-scale interoperable network of real-time 3D worlds when completely completed.

Cryptocurrency and blockchain technology are attracting investors’ attention, with firms opening specific crypto funds, Strong reports. Within the metaverse’s, crypto and blockchain technology enable all forms of payments and transactions.

Users may be able to have a consistent identity across the metaverse thanks to blockchain technology. For example, a player’s identity may remain consistent if they go from the Roblox realm to the Fortnite game.

New means of conducting commerce will likely be a key aspect of the metaverse

According to Brian Biggott, co-founder of social metaverse firm Octi. New means of conducting commerce will likely be a key aspect of the metaverse. Using augmented reality technology, businesses can make purchasing and selling in the metaverse a more immersive and social experience. Companies may, for example, know what consumers enjoy based on what they’re producing in a virtual environment. Rather than watching what websites they visit to provide tailored adverts.

“Rightfully so,” Strong added, “there’s a lot of investment around crypto and blockchain.” “I believe what I’m most interested in seeing is how we better those permanent real-time connections and high-bandwidth low-latency experiences, which appears to be getting less attention.” Because we’re still in the ‘crawl phase’ of universally scaled virtual experiences for an infinite number of users right now.”

It will require significant investments in networking and computing power. In order to enable thousands of people to experience a virtual environment in real time.

Platforms could lead the way in that, Strong said.

​​”At a core level, the technology just does not yet exist for there to be hundreds. Much alone millions of individuals participating in a shared synchronous experience,” wrote Matthew Ball, co-founder of Ball Metaverse Research Partners, in an essay.

Funding to metaverse startups so far

The majority of metaverse-related venture capital has gone to gaming. That makes sense, considering that gaming is already digital and interactive, making it a natural gateway into the virtual world.

Video game engine Mythical Games, decentralized gaming platform The Sandbox. And NFT game Genopets are among the startups that have received investment.

Companies are also emphasizing their focus on the metaverse in their branding. With 150 companies in the Crunchbase database mentioning the metaverse in their company description. 43 of which were created in 2021.

Companies that include “metaverse” in their description on Crunchbase raised about $96 million this year, largely through pre-seed, seed, and Series A investment rounds.

People are spending record amounts of time gaming, and augmented reality has been around for years. This year, non-fungible tokens became widespread, and people are spending record amounts of time gaming.

Roblox, a popular gaming platform that went public earlier this year, is a proto-metaverse in that it allows users to create virtual worlds and games that others may play in. Last month, Chipotle announced the launch of its first virtual restaurant on Roblox, and rapper Lil Nas X even had a concert there last year.

The reason there is so much potential is because there is so much ground to cover to make the metaverse a reality.

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 and the Metaverse. 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, NFT and the Metaverse. 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.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published.

Metaverse

PeaceKeepers NFTs are set for launch

Published

on

The PeaceKeepers is a collection of over 5,000 one-of-a-kind characters that were generated using over 150 different hand-drawn characteristics. Holders of PeaceKeepers NFT are given the opportunity to participate in a charity project run by the company and provide assistance to victims of war.

The organization’s goal is to bring awareness to the plight of those individuals who are evacuating their homes in order to seek safety in other countries and cities around the world. A terrible circumstance has ensnared all of these people in its grasp. They are in need of employment, assistance, and the attention of the general public.

Half of it will go to a charitable organization

40% of the profits will go toward preserving the value of the collection, paying the salaries of the designers, marketers, and programmers, and promoting the collection even further. In addition, 10% of the funds will be allocated to the development of the initiatives listed below. An airdrop is going to be given to the first people who hold these projects.

The monies that are raised will be utilized to purchase necessary medications and will also be put toward providing refugees with medical examinations, support for their mental health, and medical treatment as the crisis continues to develop. In particular, the corporation contributes financial support to the Return Alive Foundation, Unchaine Ukraine, and Palanystia, all of which are philanthropic organizations.

Twitter / Discord 

For MetaNews.

Continue Reading

Metaverse

DFS launches new metaverse retail space

Published

on

DFS Group has inaugurated DFS World, its travel retail beauty metaverse, in connection with the launch of its most extensive yearly beauty campaign. DFS World was given the moniker “DFS World.”

The metaverse provides users with access to exclusive DFS NFTs, enables users to find interactive experiences, displays, and limited-time offers from beauty brands, and allows users to enjoy a variety of in-store activations. In addition, the metaverse offers exclusive DFS NFTs.

The marketing campaign known as “Open Up Your Horizons” centers on three distinct ideas: “Effortless Not Lazy,” “Stay Up, Glow Up,” and “Future You”

Visitors are led through a number of games and activities by a cast of fictitious characters, and the DFS Group encourages guests to “Try your luck at catching a special edition DFS butterfly NFT at the Landing Zone or test your reflexes with the speed challenge at the NFT Wonderland.”

The metaverse will run in sites all over the world, including as Abu Dhabi, Auckland, Guam, Hong Kong, Honolulu, and Los Angeles. It will also feature experiential multi-brand and premium brand zones from Guerlain, Estée Lauder, YSL Beauty, and Giorgio Armani.

According to TR Business, the metaverse is supposed to make it possible for users to learn about the “limitless possibilities of beauty,” which includes premium skincare and fragrances in addition to new and developing trends.

For MetaNews.

Continue Reading

Metaverse

Blueberry introduce metaverse shopping experience

Published

on

Online users want “faster than quick fashion” for their digital avatars. Many, including Blueberry Entertainment, believe digital fashion will drive user identity. Blueberry, founded by Gizem Mishi McDuff in 2012 on Second Life, has sold more than 20 million articles of virtual clothes and launched the first Metaverse Fashion Week with Jonathan Simkhai.

Blueberry is teaming with Roblox, a leading metaverse platform with 43 million daily active users, for an immersive shopping experience. Roblox’s store will be a two-story place inspired by an adolescent girl’s bedroom, with “pink, unforgiving, and with attitude” avatars browse stories and try on designs to create digital identities.

Mishi McDuff, creator and CEO, told WWD that Blueberry’s Roblox shopper “loves digital fashion.”

McDuff says Blueberry x Roblox fans are fun, creative, and community-minded. “They’re passionate about self-expression and making meaningful connections online and social in their virtual groups. They curate head-to-toe ensembles to “wow” others and convey their distinctive style.”

The Blueberry boutique will premiere on Roblox with two fashion collections and hairstyles, becoming a one-stop shop to build a whole appearance

The ’90s Summer collection will feature miniskirts, cropped shirts, party girl metallics, and cat backpacks. Modern Fantasy will feature baby-doll outfits, heart-shaped eyewear and shimmering colors. Both collections were inspired by consumer trends and data.

McDuff: “Designers are naturally perceptive. The results confirmed our initial intuition about nostalgia in fashion. Young people are increasingly motivated by nostalgic fashion, according to studies. This inspired our ’90s-themed assortment of clothes and hairstyles.”

Blueberry is new to Roblox, but McDuff told WWD the relationship leverages the same virtual self-expression concepts.

“This partnership allows us to display our creative breadth while keeping authenticity, co-creation, and inclusivity. This has made our collaboration natural and easy. We’re pleased to bring our expertise in selling metaverse fashion to a new context. As House of Blueberry grows, we’re seeking for the next platform, outstanding creative, and industry-changing idea.”

For MetaNews.

Continue Reading

Latest News

Advertise With Us

Unlock a wide range of advertising
opportunities with MetaNews to reach the
fast-paced meta world.

Publish Your PR

Share your press release with
MetaNews’s growing global audience,
fans, and followers.

Subscribe

Sign up here to get news & updates right to your inbox!

Copyright © 1997 – 2022 MetaNews All Rights Reserved

Copyright © 1997 - 2022 MetaNews All Rights Reserved