Metaverse weekly digest #5: Shiba Inu’s metaverse, Alibaba’s $60 million VR investment
Hey there, in April. It’s Monday which means it’s time to once again go through the latest news and discussions around the metaverse
In this episode of the Metaverse Digest you will learn more about:
- SHIB, Shiba Inu’s mew metaverse
- Money moves in virtual commerce
- New ways to experience content in 2032
- Safety and security challenges in the metaverse
- And a lot more.
Also, if you feel like “woah, so much is happening”, we suggest checking out our previous episodes to stay in the loop on metaverse news.
If anyone thought that Shiba Inu will forever stay in history as a meme coin, they may have proven us wrong. Last Wednesday the team announced a Shiba-Inu-backed metaverse, SHIB. It is supposed to feature over 100,000 plots of land.
In its recent research note, Citi, a Wall Street Bank, shared curious projects about the future of the metaverse. Researchers expect the market to hit $13 trillion by 2030. Getting there will take time and investment — such as enabling most of the population with 5G Internet.
An India-based Singzy Technologies has received a US patent for banking in the metaverse, proving how much global interest there’s in the metaverse.
With J.P Morgan and HSBC getting involved in the metaverse, it’s clear that the banking sector has a future in the metaverse. What does virtual expansion mean for market players?
From investing in virtual land to scheduling VR meetings with your financial advisors, as the world moves to the metaverse, financial planning will have to transform and adapt to the new reality.
Sports and entertainment
The latest episode of Welcome to the Metaverse explores how NFTs transform the idea of sports fandoms. Together with Dillon Rosenblatt, co-founder of Autograph, we get a glimpse into the new future of supporting our favorite athletes.
Technology and music have always walked hand in hand — so it’s no surprise that crypto, NFTs, and the metaverse will change the way we interact with artists and tracks. In a new piece by the Verge, Steve Aoki makes projects on what the future of music is like and where it meets the metaverse.
If you followed last week’s digest, you remember it was chock-full of news about Decentraland’s Fashion Week — the first one ever to be hosted in the metaverse. Now that all is said and done, what can we learn about the future of the industry?
While experts unanimously believe there will be entertainment in 2032 (yay!), the ways in which we will experience it are less clear. Brian Raftery from Entertainment Weekly shares a few ideas on what the future of TV, film, and other content will look like.
While we are yet to discover intelligent life on Mars, the metaverse is way easier to probe and explore. CBS News will be taking its viewers on a metaverse expedition in its new metaverse-themed show, “Mornings in the Metaverse”.
With its $60 million investment in an AR glasses maker Nreal, Alibaba makes a powerful statement about metaverse as the future of retail.
How will metaverse penetrate e-commerce? It already is, through Fortnite skins, virtual food sales, and other emerging virtual retail trends. This piece for Financial Review analyses how close we are to adopting virtual commerce.
Last week, Forever21 announced its agreement with Tokens.com. The brand is planning to purchase virtual property and set up a metaverse storefront.
In the race for metaverse adoption, brands are determined to not be left behind. For e-commerce frontrunners, getting a piece of virtual cake is no longer a PR pop — most are in it for the long run.
Super League Gaming, a gaming and content platform, is making power moves in metaverse advertising. The company has recently struck a deal for ad display with iHeart Media.
While the older chuck of the population is struggling to wrap their heads around metaverse adoption, the younger generation says “okay, boomer” as they confidently roam the metaverse. Here’s how gaming gives teenagers a huge head start in understanding the metaverse.
Getting started with play-to-earn NFT games is easier if you join a guild — a group where players help each other build strategies and make a buck. If you are eager to join one, here is a ranking of top crypto gaming guilds as of 2022.
Challenges and trends of the metaverse
There are a lot of future-facing discussions about the metaverse. In such a landscape, it’s helpful to take a step back and look at where we arrived and what we managed to accomplish. In the new episode of Building the Open Metaverse, Matthew Ball draws the line on the state of the metaverse.
Virtual reality is going to make our online experiences more vivid and impressive. That exposes younger gamers to a vast sea of dangers: virtual rape, sexual assault, and other forms of abuse.
The metaverse is increasingly vulnerable to social engineering tactics like identity theft. What does it take to build a trust-based metaverse? Microsoft explores the challenges and opportunities for metaverse security in the latest blog post.
Watching the trends in the metaverse is exciting but experiencing the benefits of immersive communication is even more exhilarating.
One of the ways in which metaverse impacts the world the most is through reimagining work and making virtual offices a thing. Our team at oVice is providing teams of all sizes with comfortable, easy-to-use, and resource-efficient virtual offices. You don’t need a VR headset to get started: just head over to our tour space.