Global consultancy firm McKinsey & Company released a new report on the Metaverse, stating that in eight years, the field could be valued at $5 trillion – around the same size as Japan’s economy. The
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John Riccitiello, CEO of Unity, one of the leading real-time 3D engine providers, has predicted that the internet will become part of the metaverse in the next several years. The executive predicted that most websites
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The World Economic Forum (WEF), one of the most influential international institutions, has expressed its worries about the safety of metaverse dwellers, especially younger ones. The group has raised a number of concerns regarding the
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Sony, the global electronics giant, has announced it will take a more focused approach when it comes to metaverse experiences as part of its entertainment strategy. The company that owns the Playstation brand revealed that
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Tinkering with the Metaverse has become a trend among major brands and companies. This time, it has caught the attention of two of the largest automakers globally, Nissan and Toyota. On April 22, Japanese automakers
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Two Japanese carmakers, Nissan and Toyota, have launched operations in the metaverse. Nissan’s virtual showroom can host vehicle launches and other events, while Toyota’s workspaces are being used to hold employee meetings. “Limitless Possibilities” Japanese
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Japanese game developer and publisher Bandai Namco has announced a fund of 1 billion yen (or approximately $7.9 million) in 1 year and 3 billion yen (or approximately $23.8 million) in 3 years to invest
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Former Facebook product manager Frances Haugen rattled cages at the firm last year when she exposed thousands of documents accusing the social media platform of spreading misinformation. The files revealed sensitive content ranging from human
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UPS plans to deliver virtual packages in the Metaverse, according to its recent filings Shipping giant UPS has filed a Metaverse-related trademark application with the United States Patent and Trademark Office (USPTO). According to the
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The metaverse will become the most popular place to buy, sell, and trade cryptocurrency, according to a recent survey. In addition, 70% of respondents agreed that “cryptocurrency and blockchain technology advancements will be critical to
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