Metaverse Weekly 丨 Citibank predicts the size of the metaverse market in 2030; there may be a standardized second-tier digital collection trading market in China; the metaverse is still the focus of giant companies
rundown
The metaverse is no longer just a “bastard” in the eyes of tech giants; in the gaming field and even in the financial industry, you can see the metaverse frequently flashing the screen.
This week, HSBC said it will launch metaverse funds for private banking clients in Asia to provide them with metaverse investment opportunities. This is not the first time that HSBC has ventured into the metaverse sector.
In March of this year, HSBC completed a partnership with blockchain gaming company The Sandbox, becoming the first bank to own land in this metaverse。
Meanwhile, Citibank released a report entitled “Metaverse and Money: Demystifying the Future”, predicting that the metaverse economy may reach 13 trillion US dollars.
The metaverse ecosystem is inseparable from monetary support, and the banking industry is also speeding up the digitization process.
The metaverse economy will bring a new business model, and a financial transformation is imminent。
Despite the recent weakening of the NFT sector from an economic point of view, it has not affected the enthusiasm of other industries to try their hand at entering the NFT sector.
Paramount Pictures will release “Star Trek” NFTs; Starbucks CEO says he will get involved with NFTs within this year. In addition to businesses, the UK also announced plans to create its own NFTs.
With the further spread of blockchain technology, people have discovered that NFTs are not exclusive to the art field,
Industries such as media and brands can use NFTs to create new value。
Of course, in any market, regulation plays a critical role. A number of digital collection platforms on WeChat were shut down last week, which seemed to send a negative signal.
However, Guosheng Securities said
A standardized and uniformly managed second-level digital collection trading market may emerge in ChinaThis also means that under complete supervision, digital collections have prospects for development.
On the other hand, although digital collections are becoming more and more popular, there is also a process of improving regulations. The ban may be for a better start, and participants should also be wary of the risks.
The metaverse era is dawning, and we're looking forward to it. Here are the details of this weekly issue, which Our Metaverse Heart has dividedIMPORTANT NEWS、This week's news at a glanceFor the two major sections, please Enioy:
IMPORTANT NEWS
[Citi: The metaverse economy may reach 13 trillion US dollars and the number of users will reach 5 billion in 2030]
Citibank released a new report on Thursday entitled “Metaverse and Money: Demystifying the Future”. The report predicts that the total market for the metaverse economy could grow to between $8 trillion and $13 trillion in 2030, and that the number of metaverse users could reach 5 billion. Citi said, “We believe the metaverse may be the next generation of the internet. The metaverse combines physical and digital worlds in a lasting and immersive way rather than a pure virtual reality world. “Furthermore, according to the report, the future metaverse will include more digital native tokens, but will also be embedded in traditional forms of money. Currencies in the metaverse can exist in different forms, namely in-game tokens, stablecoins, central bank digital currencies (CBDC), and crypto.
[The capital of Argentina has begun developing a blockchain-based digital identity platform]
Buenos Aires, the capital of Argentina, has begun developing a blockchain-based digital identity platform with the aim of giving the city's residents control over their personal data. Recently, Buenos Aires Minister of Innovation and Digital Transformation Diego Fernández said the city published a white paper on Tuesday containing proposals for the platform, which will be operational between the last quarter of 2022 and the first quarter of next year. Fernández said the platform will be decentralized, public, and permissionless, adding that any organization, government administration, or company looking to mint verifiable identities can use the platform without requiring approval from the city.
[Renmin University of China Law School establishes digital law teaching and research center]
Renmin University of China Law School established a digital law teaching and research center to unify the Internet, big data, cloud computing, blockchain, artificial intelligence, algorithms, etc. into “digital technology.”
[HSBC: Launching metaverse funds for private banking customers in Asia]
According to an HSBC press release, HSBC is launching a discretionary investment portfolio to provide private banking customers in Asia with metaverse investment opportunities. HSBC Asset Management's metaverse discretionary investment strategy will target high-net-worth and ultra-high-net-worth professional and qualified investor clients in Asia. This strategy aims to “seize the development of the metaverse ecosystem” to bring growth opportunities to the world over the next ten years.
[Lenovo Group's restructuring for the new fiscal year: will focus on edge computing, cloud services, and metaverse]
On April 6, Lenovo Group held the 2022/23 fiscal year pledge meeting in Beijing and carried out a new round of organizational restructuring. Yang Yuanqing, Chairman and CEO of Lenovo Group, said that in the previous fiscal year, Lenovo nurtured and incubated three emerging innovative businesses: edge computing, cloud services, and AR/VR technology based on metaverse applications, and the new round of organizational structure also shows that Lenovo will focus on these three areas in the next 2-3 years. Kirk Skaugen, executive vice president of Lenovo Group and president of ISG, reiterated the structural adjustments announced internally in February to establish a new Lenovo edge business unit, effective April 1.
[Coca Cola launches the first Coke product “Zero Sugar Byte” designed based on metaverse elements]
Recently, Coca Cola launched “Coca-Colazero Sugar Byte” (Coca-Colazero Sugar Byte), the first new Cola product designed based on the metaverse theme. Coca Cola said, “'Zero Sugar Byte' is a Coke designed to span the digital and physical worlds and combine currently popular metaverse elements.” According to reports, this Coke is currently being sold in limited quantities in some Latin American countries. It will then be sold online in the US on May 2, and will later land in the Chinese retail market on May 23. At the same time, in order to promote new drinks, Coca Cola collaborated with Epic Games to create a digital island called “PixelPoint” in the game “Fortnite”, which is popular among players. By scanning the QR code on the “Zero Sugar Bytes” Cola can, players can enjoy four immersive interactive challenge games.
[Guosheng Securities: A standardized, uniformly managed digital collection secondary trading market is expected to emerge in China]
Guosheng Securities disclosed that Xinhuanet and the Shanghai Cultural Property Exchange outlined an agreement at the beginning of this year to jointly establish a national-level digital cultural and creative regulation ecosystem and jointly build a national copyright trade protection alliance chain. Up to now, Tencent Magic Core, Ali Digital Auction, and iQiyi Digital Culture and Innovation have all announced that they will join the national copyright trade protection alliance chain. With the opening of the underlying infrastructure for domestic digital collections, it is expected that a standardized and unified management secondary trading market will emerge.
[EpicGames Releases Unreal Engine 5 Official Version and Now Available for Download]
At the StateOf Unreal live event held a few days ago, Epic Games founder and CEO Tim Sweeney announced that the official version of Unreal Engine 5 has now been released and is open for download. He said that Unreal Engine 5 is an exciting real-time 3D technology that is connecting all walks of life and becoming a shared medium. In addition to that, Epic Games has announced that it will collaborate with LEGO to explore the digital world for children. According to information, the purpose of this collaboration is to create a fun space for children and families in the virtual world, but the type and details of related projects were not disclosed in the announcement.
[Wu Hequan: The metaverse is not just needed for 6G; it is difficult to become a 6G fulcrum]
At the “Global 6G Technology Conference” held recently, Wu Hequan, an academician of the Chinese Academy of Engineering and chairman of the Future Mobile Communications Forum, said that it is difficult for the metaverse to become the fulcrum of 6G; at least, it is not just what 6G is needed. Wu Hequan pointed out that the metaverse is a virtual space that extends human imagination and loads it into real space. Digital twins map real space to virtual space, and the metaverse blurs the boundaries between the virtual world and the real world. The metaverse in the narrow sense is a technological upgrade based on AR/VR/MR, integrating user avatars, content production, social interaction, online games, virtual currency payments, etc. In fact, the term “metaverse” is a commercial symbol. It is a virtual space technology. There is no new technology in its own technology, but it is also a technology such as 5G, IP, cloud computing, artificial intelligence, virtual world, blockchain, virtual currency, the Internet of Things, robots, and human-computer interaction.
[AxieInfinity Development Company Sky Mavis Raises $150 Million, Led by Binance]
On April 6, Axie Infinity development company Sky Mavis completed a $150 million funding round, led by Binance, and Animoca Brands, a16z, Dialectic, Paradigm, and Accel. The funding round will be used to reimburse user funds affected by Ronin's attack, and Ronin Bridge's funds have been restored. It was previously reported that Binance resumed the Ronin network's WETH deposit and withdrawal service on April 5.
[Meta will cancel the F8 developer conference this year to focus on the metaverse]
According to foreign media reports, on Wednesday local time, Meta announced that it will not hold the 2022 F8 Developers Conference this year. According to reports, this cancellation is not due to the pandemic, but rather that the company will focus on the “metaverse.” Meta said the company is preparing for the internet and the next chapter in our company, which is building the metaverse. Similar to the early stages of the internet, building the metaverse will be a phased collaborative effort. Meta hasn't hosted an F8 live conference since 2019. Due to the pandemic, both 2020 and 2021 will only be held online. In addition, Facebook's parent company Meta is preparing to launch an internal virtual currency called Zuck Bucks.
[Paramount Pictures will build a Star Trek NFT marketplace]
Paramount Pictures collaborated with Recur to create an NFT platform called Paramount.xyz and released “Star Trek” NFTs. “Star Trek” NFTs will describe “algorithmically generated starships” and can be purchased at a low price of $250 per pack. There's a boat in every pack, but there's only an 11% chance it looks like an Enterprise. The spaceships are stored in what Paramount calls the “Star Trek Continuum,” which the company describes as “an experiential center that will house Star Trek NFTs for this first season and all future seasons.” According to Paramount's roadmap, “future seasons” will involve collecting crew members and doing some vague, undetermined missions.
[Starbucks CEO: Will “get involved in the NFT business” before the end of 2022]
On April 5, Starbucks CEO Howard Schultz said that Starbucks will “get involved in the NFT business” by the end of 2022. Howard Schultz said that although he is not a “digital native,” he has been studying NFTs. He also said: If you look at companies, brands, celebrities, and influencers trying to create digital NFT platforms and businesses, I can't think of anyone better suited to launch an NFT than Starbucks.
[Ledger partners with The Sandbox to promote Crypto education]
Crypto hardware wallet provider Ledger has partnered with blockchain game The Sandbox to promote Crypto education in its virtual world. Ian Rogers, Ledger's Chief Experience Officer, said at the Non-Fungible Conference on Monday that the new partnership aims to bring security to The Sandbox world and provide Ledger with a place in the game to educate people about Crypto. Rogers thanked TheSandbox and Sebastien Borget, the company's co-founder and chief operating officer, for the opportunity, and noted that Ledger will provide custom LEDGER Nanos to SAND owners as part of the partnership.
[The UK announced plans to create its own NFTs to seek to “be at the cutting edge of the Crypto sector”]
On April 4, according to CNBC, UK Chancellor of the Exchequer Sunak said on Monday that he had asked the British Royal Mint to create its own non-homogenized token (NFT) and issue it before summer this year. UK Treasury Economic Secretary John Glen said the initiative was part of a broader effort by the government to “lead” the Crypto sector. Glen also announced a series of measures to enable digital assets to be subject to stricter regulatory scrutiny, including introducing certain stablecoins into the UK payment framework so that stablecoin issuers and service providers can develop and expand in the UK, and requiring the Law Commission to consider the legal status of the blockchain community.
[TweetDAO launches NFTs to give holders the right to tweet]
On April 4, Tweet DAO launched NFTs and offered the right to post one tweet every day from the project's Twitter account. Tweet DAO's basic idea is that DAO creators sell NFTs in the form of eggs. Those who buy TweetDAO Egg NFTs can use the account to tweet one time per day. But there doesn't seem to be any review of the quality of the tweets. The price of this series of NFTs ranges from 0.1 ETH to 1 ETH; for every 100 NFTs sold, the subsequent sale price will increase by 0.1 ETH. Many users raved about the idea itself. Some tweets were used to promote the holders' own NFT projects or to try to sell their own NFTs. One of the tweets attempted to sell a Pudgy Penguin NFT for 8.8 ETH (about $30,700). However, some in the community are concerned that the account could be shut down by Twitter if found to be in violation of the relevant rules. Twitter has some restrictions on automated accounts and paying for tweets.
[Nippon Telecom Company NTT Docomo launches metaverse platform XR World]
On April 2, Japan Telecom Corporation NTT DoCoMo announced the launch of the metaverse platform “XR World.” Users can interact with each other through avatars and enjoy content such as music and animation. The purpose is to increase communication requirements such as 5G through the use of the metaverse. According to reports, XR World uses VR company Hikky technology.
[Blockchain.com supports 82 million wallet users to use NFT names]
Blockchain.com is integrating with Unstoppable Domains, where wallet users can skip alphanumeric addresses and use NFT usernames instead. This means users can buy one of 10 domain names (.bitcoin, .coin, .crypto, .dao, .ftp, .wallet, .x, .zil, .888, or soon-to-be-released.blockchain) and use it in a Blockchain.com wallet. This makes it easier for users to see who they are trading with. Instead of sending ETH to an address beginning with 0x631d, send it to JOE.crypto. Similar to the Ethereum Name Service in this regard, it allows people to use .eth domains and connect them to their wallets.
[OpenSea already supports Solana-based NFTs]
On April 6th, OpenSea has integrated Solana. Data from this market shows that Solana-based NFT series are already on the market and priced in SOL, such as Solana Monkey Business. According to reports, Solana is the fourth blockchain network supported by OpenSea after Ethereum, Polygon, and Klaytn.
[Lansi Technology plans to increase “metaverse” AR/VR business by 3.9 billion]
On April 7, Lansi Technology disclosed the “Notice on Changing the Use of Some Funds Raised” to increase the total investment in the “Changsha (II) Park Smart Wearable and Touch Function Panel Construction Project” from 1,515 billion yuan to 5.406 billion yuan. According to the announcement, the project is expected to be fully completed and put into production by the end of 2024. Lansi Technology lays out the AR/VR field ahead of schedule. Now that the virtual reality industry is entering a new explosion period, it is expected to seize the opportunity in the metaverse layout. Lansi Technology said that some of the uses of capital raised this time are prudent decisions made by the company in accordance with changes in the external environment, in line with the company's strategic plans and actual operating needs, to keep up with the future development trends of the industry, actively optimize resource allocation, improve the efficiency of the use of raised funds, and continuously optimize core financial indicators.
This week's news at a glance
VR, AR, MR
Razer released the “HyperSense Suit,” a full-body metaverse game set.
Mojo Vison unveils latest AR contact lens prototype.
Metastage collaborated with Metastage Lounge to create 4D holographic capture studio.
Arkio, a collaborative software developer focusing on architectural design, interior design, and urban planning, announced that its VR collaborative construction tool “Arkio” has officially launched on the Quest store.
Web-based AR publishing platform provider BUNDLAR announced that it has been awarded the second phase of the AFWERX Small Business Innovation Research (SBIR) contract by the US Air Force.
DPVR has introduced a 4G/5G module for VR all-in-one machines, and all DPVR P series headsets are compatible with the new 4G/5G modules.
The VR painting application “MultiBrush” has been updated to add Meta Avatars and Passthrough modes.
Veterinary training company Orthomed announced a partnership with virtual surgical training platform manufacturer Osso VR to bring the startup's VR surgical training platform to the animal health market.
PSVR 2's eye tracking supports tracking pupil diameter and blink status.
NFT/chain game
MoonDAO officially signs a contract with Blue Origin.
Nate Chastain, a former OpenSea executive suspected of insider trading, is developing a new NFT platform, Oval.
Genie, an NFT aggregation marketplace, has launched a 2.0 version of its mobile app.
Non-custodial Crypto platform ShapeShift DAO is launching a new NFT auction to support female artists in the NFT and blockchain industry.
StockX emphasized that its Vault NFTs are not “virtual products” or digital sneakers, but rather proof of ownership of physical items stored in their vaults.
Nestree will partner with Korean agency CUBE to create a cultural space on The Sandbox.
Aave ecological NFT platform Aavegotchi announced that its metaverse game Gotchiverse has launched on Polygon.
IDDH and Squemme, the copyright holders of the first 130 episodes of the 1987 anime “Teenage Mutant Ninja Turtles”, will release an NFT collection called “TMNT NFT1987.”
NBA Milwaukee Bucks unveils “Fear the Deer” NFT collection.
BAYC's “Bored Ape” Discord was attacked by hackers. Hackers used bot accounts to post false links within the channel.
Binary X, a metaverse chain game, will launch on the IGO platform.
The NFT Launchpad and Marketplace Starly.io will launch an NFT staking feature.
The NFT marketplace OpenSea will support credit card payments through MoonPay.
NFTScan adds a new Blockscan Chat feature.
Jay Chou showcased Azuki NFTs similar to his “Fantasea” album cover on Instagram.
Q-Pets, a well-known pet supermarket in Hong Kong, entered The Sandbox and became the first pet store to enter the metaverse.
The NFT music platform Pianity will open the secondary market on April 5.
NFT trading platform LooksRare has launched a public API.
Web3 social media Metalk Twitter announced that the NFT metaverse basketball tournament will be launched today.
Swiss luxury watchmaker Hublot announced a partnership with Takashi Murakami to launch two NFTs.
Beyond member Huang Guanzhong released a new song via NFT on March 31.
Blockchain card trading game Skyweaver releases 2022 roadmap.
Benji Bananas, a mobile game owned by Animoca Brands, will release a P2E update in April.
Former NBA star Rodman launches personal NFT collection “Rodman's Barbershop.”
Rapper Snoop Dogg has released a new music video in the blockchain-based game “Sandbox.”
mContent collaborated with PwC to launch the documentary “Ripple vs. SEC Legends” in the metaverse.
SHIB's official metaverse website has been launched, and interactive maps will be launched in the next few days.
Silk Road founder Ross Ulbricht tweeted that he is busy creating his next art collection and shared details of his second NFT collection “Growth.”
Reddit launches CryptoSnoos series of NFTs.
The NFT project Pudgy Penguins announced that it will announce a new team and a new roadmap.
The Beast Kingdom in the Radio Caca metaverse has officially launched.
The Dubai Police Department released NFTs, becoming the first police department in the world to launch digital assets.
Cardano-based NFT project ClayNation recently announced a partnership with rapper Snoop Dogg and his son CordellBroadus (also known as Champ Medici) to release the NFT collection on April 10.
Fewoworld, a new project by NFT artist Fewocious, will go on sale at Nifty Gateway on April 4, Beijing time.
Blockchain game distribution platform MixMarvel announced a partnership with crypto investment agency MetaSense.
Metaverse game ecosystem DeHorizon announced that Deverse will be released on Polygon's mainnet.
The Supreme People's Procuratorate posted a microblog to be wary of new metaverse NFT scams.
Immutable X, a two-tier NFT expansion solution, launched the IMX Tokenomics website.
The Royal Mint will create NFTs and issue them during the summer.
Professional basketball league BIG3 announced that it will be offering ownership shares of 12 of its teams in the form of an NFT collection to effectively divide team ownership.
Former NBA champion Odom tweeted in support of MILO.
NFT artist Justin Aversano announced that he will open a physical NFT gallery in California, USA, aimed at bridging the gap between the “real world and the virtual world.”
adidas Originals and Ready Player Me have partnered to launch an avatar creation platform.
The Billionaire Dogs Club NFT series promoted by French influencers is suspected of being fraudulent.
Ledger launches LedgerNano S Plus, a hardware wallet dedicated to NFTs.
The Web3 social media Metalk will open 1,000 copies of the Genesis Whitelist for a limited time.
Universal Music Group makes its BAYC #5537申请4个商标。
Miami-based ATM company Bitstop will be showcasing a new ATM that can distribute NFTs.
DeFi protocol Everrise introduces new utilities for on-chain NFTs.
Cool Cats teamed up with Nifty Gateway to launch new features to optimize gas fees.
Lamborghini will release an NFT for the last Aventador Ultimae Coupé.
The Hedera Foundation will launch Blade, a Web3-centric wallet this month.
Melos Studio, a music NFT platform, will launch a staking NFT feature.
Asia Era launches its in-house developed NFT product “ATIF Bossman.”
Yushin Technology is researching and exploring the NFT business.
Cross-chain NFT protocol ENVELOP has reached a partnership with OKC.
Famous American director Kevin Smith will release his latest film NFT series on Secret Network.
Game giant Ubisoft (Ubisoft) said it has completely finished developing the “Ghost Recon Breakpoint” game and will no longer provide content updates, NFTs, or other content in the future.
On April 8, April 15, and April 21, “The Godfather of Music” Lo Dayou will select the three songs from the new album “Encore Song” and release a digital collection composed of three digital vinyl sheets on QQ Music.
ESPN, a cable sports channel owned by Warner Media, announced the completion of the first NFT agreement. They reached a multi-year NFT cooperation agreement with Tom Brady's company AutoGraph to launch an ESPN+ documentary series of NFTs.
Norwegian Cruise Line (NorwegianCruiseLine) announced its official entry into the metaverse market and the launch of the cruise industry's first NFT series.
Decentralized streaming app Audius announced a partnership with Solana's chain game Defiland to build a radio station in the metaverse.
NFT platform Bitscrunch joins Mastercard's Start Path crypto program.
The Amethyst social platform collaborated with Monroe Heritage Management to mint an NFT of the Marilyn Monroe image.
Axie Infinity announced on its social networking site that Axie Infinity: Origin has launched an Early Access version.
Jack Dorsey's first tweet was the NFT pending sale at a price of 14,969 eth, or about US$47.65 million.
Animoca Brands announced a strategic partnership with metaverse gaming platform MoBox.
South Korea's JTBC TV announced its entry into the NFT market.
Activision Blizzard is considering adding an NFT element to Call of Duty.
FairySwap unveils Q2 roadmap to build an NFT trading platform.
Well-known American football player Tom Brady will launch NFTs in partnership with ESPN.
Nirvanameta and Divination Doge signed a partnership to jointly advance the development of DApps and NFTs.
Einko will launch an NFT product on OpenSea.
eToro will launch a $20 million fund to buy blue-chip NFTs and create eToro.art.
Celer Network announced a partnership with Flow to bridge Flow ecosystem assets and NFTs across chains.
Mastercard will incubate the NFT ecosystem startup Bitscrunch.
Bayern Munich basketball club issues NFTs.
other
Guohua plans to cooperate with Digital Video to develop metaverse-related businesses.
The Shenzhen Cultural Property Exchange issued the “Notice Concerning the Shenzhen Cultural Exchange's No Plans Involving NFTs, NFR and Related Digital Collection Transactions”.
Wang Huiwen, co-founder of Meituan and former senior vice president of Meituan Dianping, changed his signature to “Studying Crypto.”
The Xingao family office settled in a “colorful world” to start metaverse wealth management.
Honor Play series product manager Wei Xiaolong hinted on Weibo that Honor phones may enter the metaverse market.
Pengpai News publishes the first digital collection of original animated videos.
The cute art pet IP digital collection “Yuan Dog King” will be launched on the Rivvoo Runwo platform on April 9.
Nintendo announced the sports somatosensory game “Nintendo Switch Sports.”
Children's clothing brand Barabara enters the metaverse and invites digital children to speak for themselves.
Xiamen launched a metaverse industry development plan to cultivate a number of enterprises with revenue of 100 million over 3 years.
Netcom Shaanxi said that the metaverse needs to be supported by super computing power.
iFLYX InputFrance co-branded Yuanmei launched the first metaverse virtual idol keyboard.
Japan's NFT working group said it needed to hire a minister responsible for Web3 related matters.
In the first metaverse cafe “YMeta Coffee” in Guangzhou, the virtual person “Ben” appears as the store manager.
Shandong Radio and Television Station is building a digital collection trading platform.
The Shanghai Dramatic Art Center issued a commemorative ticket for the digital collection of the drama “Dream of the Red Mansion”.
The 2345 Plan organizes teams to further explore the metaverse.
Sharing Economy International Group and Suxinruishi collaborated to lay out a metaverse technology application platform.
Silk Road Super IP Authorization Center and Digital Silk Road (Dunhuang) Digital Collection Agreement launched.
Crazy Sports launched the digital collection platform “Qiankun Digital Collection”.
The A-share listed company Blue Cursor released MEME, the first digital collection distribution platform.
On April 14, the Qiankun Digital Collection launched the Yuanmingyuan digital collection of the bronze statue of the head of the Chinese zodiac beast.
Investment and financing news
NirVaneMeta will invest in METASH to build a digital playground system.
The Blockchain Infrastructure Alliance announced an investment in Coow NFT's innovative Gamefi platform.
Game advertising startup Anzu announced a $20 million funding round led by NBCUniversal and HTC, with Sony, WPP, Riot Games co-founder Marc Merrill, and the Chicago Cubs participating.
GameFi platform Gems raised $5 million, and Project Seed and others participated.
The NFT game Apeiron received $8 million in seed funding.
The NFT lending platform AFKDAO announced the completion of a seed round of financing, with DFG and others participating.
NFT platform Dank Bank raised $4.2069 million.
Fractal, a gaming NFT marketplace, closed a $35 million seed round.
The NFT project Pudgy Penguins may be sold to Los Angeles entrepreneur Luca Netz for 750eth.
Artificial intelligence company Datagen completed a Series B round of financing of 50 million US dollars to be used for metaverse synthetic data market needs.
Crypto social investment platform Kikitrade raised $6 million
Indian game company Bombay Play raised $7 million, led by Kalaari Capital.
Nirvanameta invests in FAMILY, and the funds will be used to build its ecosystem.
P2E Gaming Guild Polemos closed a $14 million seed round.
Soccer chain game GOALS completed a seed round of 15 million US dollars, led by Northzone.
MR video recording tool LIV announced the completion of Series A financing of 8.5 million dollars. This round of financing was led by Bitkraft Ventures, with the participation of Sony Innovation Fund, Amazon Alexa Fund, Credo Ventures, Samsung Next, and Olive Tree Capital.
NFT service platform Novel completed a $6 million seed round with a valuation of $21 million.
Ready Player Dao raised $10.2 million at a valuation of $150 million, led by The Chernin Group.
Netshi's metaverse entertainment company received an investment of about 82 million US dollars from Hyundai Motor Group.
Metaverse infrastructure company Magva Technology completed US$130 million in financing, led by SoftBank and others.
The Danish VR education platform Labster, which focuses on interactive and immersive laboratory simulations, recently announced a financing of 47 million US dollars.
Augmented reality technology developer Niantic announced the acquisition of AR studio NZXR.
Digital wealth management platform Unifimoney Inc. announced the completion of a $10 million seed round.
Mysterious, a Web3 native social networking app, closed a $3.1 million seed round.
The first metaverse fund in Taiwan, “Mega Global Metaverse Technology Fund” will be launched.
Solana's ecological social network Taki completed a $3.45 million seed round.
Web3 gaming community platform Iskra raised $34 million
E-sports competition platform Community Gaming closed $16 million in Series A financing.
Metaverse technology company Improbable completed US$150 million financing led by A16z and others.
The HBAR Foundation launched a $250 million metaverse fund that will invest in gaming, sports, fashion, and entertainment.
AI voice NFT startup LOVO raised $2 million, led by Hashed.
Milo Inu announced capital injections from K24, Tritium, 7oClock, and CatcherVC.
Public safety technology solutions provider Axon acquires VR training studio Foundry45.
viewpoints
Zhou Hui of the Academy of Social Sciences said that risks and challenges in the development of the metaverse should be addressed in accordance with the law.
The report notes a significant increase in patent applications for NFTs and content due to the growth of the metaverse market.
After Tesla founder Elon Musk was revealed to hold 9.2% of the shares in social media giant Twitter, Elon Musk said he would solve the TwitterCrypto spam bot problem, but did not like Facebook's approach.
Mizuho analysts have indicated that Coinbase's NFT strategy may encounter resistance.
