Global Mofy Metaverse Limited Accredited for iQIYI’s Leap Project
Global Mofy Metaverse Limited (the "Company" or “Global Mofy Metaverse”) (NASDAQ: GMM), a technology solutions provider engaged in virtual content production, digital marketing, and digital assets development for the metaverse industry, today announced the Company has been accredited for the so-called “Leap Project” of iQIYI INC (“iQIYI”), a leading provider of online entertainment video services in China.
Global Mofy Metaverse has been officially selected to join a strategic collaboration with iQIYI through a two-year partnership agreement (the “Agreement”), which establishes the Company as an accredited visual effects supplier within IQIYI's ecosystem, specifically focusing on delivering virtual technology services. The Company expects to sign a formal collaboration agreement with iQIYI early next month. The terms of the Agreement have been settled.
Global Mofy Metaverse Limited (the "Company" or “Global Mofy Metaverse”) (NASDAQ: GMM), a technology solutions provider engaged in virtual content production, digital marketing, and digital assets development for the metaverse industry, today announced the Company has been accredited for the so-called “Leap Project” of iQIYI INC (“iQIYI”), a leading provider of online entertainment video services in China.
Global Mofy Metaverse has been officially selected to join a strategic collaboration with iQIYI through a two-year partnership agreement (the “Agreement”), which establishes the Company as an accredited visual effects supplier within IQIYI's ecosystem, specifically focusing on delivering virtual technology services. The Company expects to sign a formal collaboration agreement with iQIYI early next month. The terms of the Agreement have been settled.
🇹🇼 Jorjin combines AR with healthcare to build Taiwan's first 'optometry X metaverse center'
A groundbreaking collaboration has emerged between Jorjin, a provider of augmented reality technology, and the Department of Optometry at the Central Taiwan University of Science and Technology (CTUST). This partnership marks a significant step in the integration of healthcare and digital advancement, leading to the establishment of Taiwan’s inaugural optometry center dedicated to exploring the metaverse’s potential. This union signifies a bold venture into uncharted territory, melding the precision of optometry with the boundless possibilities of the metaverse. The initiative is not just a first for Taiwan but also sets a global precedent for the application of augmented reality within the field of eye care. The collaboration is driven by a mutual recognition of the transformative impact such technology could have on both education and the treatment of visual impairments. Such a pioneering project reflects the digital zeitgeist, where virtual and augmented realities are increasingly intersecting with diverse professional fields.
A groundbreaking collaboration has emerged between Jorjin, a provider of augmented reality technology, and the Department of Optometry at the Central Taiwan University of Science and Technology (CTUST). This partnership marks a significant step in the integration of healthcare and digital advancement, leading to the establishment of Taiwan’s inaugural optometry center dedicated to exploring the metaverse’s potential. This union signifies a bold venture into uncharted territory, melding the precision of optometry with the boundless possibilities of the metaverse. The initiative is not just a first for Taiwan but also sets a global precedent for the application of augmented reality within the field of eye care. The collaboration is driven by a mutual recognition of the transformative impact such technology could have on both education and the treatment of visual impairments. Such a pioneering project reflects the digital zeitgeist, where virtual and augmented realities are increasingly intersecting with diverse professional fields.
💰 Solana's Top NFT Project Just Pumped 122% in a Week
Solana (SOL) has seen a wild pump lately, more than doubling over the past month and hitting an 18-month high earlier this week. But it’s not just SOL that’s on the way up—the network’s top NFT project has also seen a rapid rise in value of late, registering a price climb of more than 100% in just the last seven days alone. According to blockchain data compiled by SolanaFloor, the floor price of a Mad Lads NFT has jumped 122% over the past week to 100 SOL, or about $5,750 at present. According to blockchain data compiled by SolanaFloor, the floor price of a Mad Lads NFT has jumped 122% over the past week to 100 SOL, or about $5,750 at present. That makes it the most valuable Solana collection by floor and also by market cap based on that floor price, which ultimately tops $57 million. This week, Mad Lads's price jumped even higher, above $6,000 worth of Solana. Not only was this notable for the price of the assets themselves, but also because the Mad Lads floor briefly surpassed that of DeGods. Mad Lads has registered the third-most trading volume of any NFT project over the last week, per data from CryptoSlam.
Solana (SOL) has seen a wild pump lately, more than doubling over the past month and hitting an 18-month high earlier this week. But it’s not just SOL that’s on the way up—the network’s top NFT project has also seen a rapid rise in value of late, registering a price climb of more than 100% in just the last seven days alone. According to blockchain data compiled by SolanaFloor, the floor price of a Mad Lads NFT has jumped 122% over the past week to 100 SOL, or about $5,750 at present. According to blockchain data compiled by SolanaFloor, the floor price of a Mad Lads NFT has jumped 122% over the past week to 100 SOL, or about $5,750 at present. That makes it the most valuable Solana collection by floor and also by market cap based on that floor price, which ultimately tops $57 million. This week, Mad Lads's price jumped even higher, above $6,000 worth of Solana. Not only was this notable for the price of the assets themselves, but also because the Mad Lads floor briefly surpassed that of DeGods. Mad Lads has registered the third-most trading volume of any NFT project over the last week, per data from CryptoSlam.
🔫 ZTX Unveils Global Metaverse Gaming Competition, Offering $ZTX Rewards
ZTX, a pioneering Web3 virtual world and creator platform, has initiated a strategic global partnership to launch an innovative competition. This initiative allows speculators to engage in metaverse gaming predictions for the opportunity to win ZTX rewards. The campaign, organized by ZGM, a global metaverse influencer management and content creation company, is set to debut during the Yield Guild Games Web3 Games Summit in Manila.
Participants in the competition have the opportunity to speculate on the outcomes of metaverse games by holding certain amounts of ZTX tokens in their wallets. The betting process is facilitated through the ZTX Discord server, and there is no direct payment or fee required for participation. Successful players stand a chance to win portions of a prize pool exceeding $20,000 USD worth of ZTX tokens at current trading prices.
ZTX, a pioneering Web3 virtual world and creator platform, has initiated a strategic global partnership to launch an innovative competition. This initiative allows speculators to engage in metaverse gaming predictions for the opportunity to win ZTX rewards. The campaign, organized by ZGM, a global metaverse influencer management and content creation company, is set to debut during the Yield Guild Games Web3 Games Summit in Manila.
Participants in the competition have the opportunity to speculate on the outcomes of metaverse games by holding certain amounts of ZTX tokens in their wallets. The betting process is facilitated through the ZTX Discord server, and there is no direct payment or fee required for participation. Successful players stand a chance to win portions of a prize pool exceeding $20,000 USD worth of ZTX tokens at current trading prices.
🔫 Shemaroo Entertainment Enters the Metaverse with BharatBox Collaboration
Shemaroo Entertainment, a prominent media and entertainment conglomerate, has announced its collaboration with The Sandbox, a decentralised gaming virtual world under Animoca Brands. This strategic alliance unfolds within BharatBox, an emerging cultural metaverse hub in The Sandbox, featuring renowned artists and brands from India’s entertainment industry. non-fungible tokens (NFTs) marks a significant step in establishing its footprint in the metaverse. The collaboration with BharatBox aims to revolutionize entertainment by incorporating iconic Bollywood intellectual properties (IPs) such as Jab We Met, The Great Gambler, Disco Dancer, Khuda Gawah, Blue, 22 Yards, and more. This venture offers fans a unique virtual engagement with beloved characters, blurring the lines between reel-life entertainment and real-life experiences. Arghya Chakravarty, Chief Operating Officer of Shemaroo Entertainment, expressed that the collaboration with The Sandbox exemplifies Shemaroo’s dedication to innovation and its forward-looking approach to entertainment. By merging the world of Bollywood with the groundbreaking metaverse of BharatBox, the collaboration aims to provide fans with an immersive journey into the heart of Indian cinema.
Shemaroo Entertainment, a prominent media and entertainment conglomerate, has announced its collaboration with The Sandbox, a decentralised gaming virtual world under Animoca Brands. This strategic alliance unfolds within BharatBox, an emerging cultural metaverse hub in The Sandbox, featuring renowned artists and brands from India’s entertainment industry. non-fungible tokens (NFTs) marks a significant step in establishing its footprint in the metaverse. The collaboration with BharatBox aims to revolutionize entertainment by incorporating iconic Bollywood intellectual properties (IPs) such as Jab We Met, The Great Gambler, Disco Dancer, Khuda Gawah, Blue, 22 Yards, and more. This venture offers fans a unique virtual engagement with beloved characters, blurring the lines between reel-life entertainment and real-life experiences. Arghya Chakravarty, Chief Operating Officer of Shemaroo Entertainment, expressed that the collaboration with The Sandbox exemplifies Shemaroo’s dedication to innovation and its forward-looking approach to entertainment. By merging the world of Bollywood with the groundbreaking metaverse of BharatBox, the collaboration aims to provide fans with an immersive journey into the heart of Indian cinema.
🔫 Metaverse Market is expected to grow at a CAGR of 50.1% during the forecasted period
Metaverse Market size accounted for USD 85.2 Billion in 2023, growing at a CAGR of 50.1% from 2023 to 2033. The term "Metaverse" refers to a collective virtual shared space that is created by the convergence of physical and virtual reality. It is a space where users can interact with a computer-generated environment and other users through the use of augmented reality (AR), virtual reality (VR), and other immersive technologies. In the Metaverse, users can engage in various activities, such as socializing, working, gaming, and more. The development of more powerful hardware, better graphics, and improved networking infrastructure has fueled the growth of the Metaverse. The widespread availability of high-speed internet and the proliferation of smartphones and other connected devices have facilitated increased connectivity, making it easier for users to access and engage with the Metaverse. The desire for enhanced social interaction and connection in virtual spaces has driven the popularity of social VR platforms and virtual worlds.
Metaverse Market size accounted for USD 85.2 Billion in 2023, growing at a CAGR of 50.1% from 2023 to 2033. The term "Metaverse" refers to a collective virtual shared space that is created by the convergence of physical and virtual reality. It is a space where users can interact with a computer-generated environment and other users through the use of augmented reality (AR), virtual reality (VR), and other immersive technologies. In the Metaverse, users can engage in various activities, such as socializing, working, gaming, and more. The development of more powerful hardware, better graphics, and improved networking infrastructure has fueled the growth of the Metaverse. The widespread availability of high-speed internet and the proliferation of smartphones and other connected devices have facilitated increased connectivity, making it easier for users to access and engage with the Metaverse. The desire for enhanced social interaction and connection in virtual spaces has driven the popularity of social VR platforms and virtual worlds.
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🔫 AR-glasses maker Rokid closes $112M round to expand metaverse products
Hangzhou, China-headquartered augmented reality glasses maker Rokid Inc. today announced that it has closed a strategic investment round led by NetDragon Websoft Holdings Ltd., bringing its Series C funding round to $112 million. According to a report from Bloomberg, the cash infusion from the newest investor NetDragon brings the valuation for Rokid to $1 billion. The company will use the new funds to expand its reach overseas. NetDragon specializes in education and massively multiplayer games, with a focus on what are called “metaverse” technologies, which are highly immersive 3D spaces where users can interact, work, shop and play. This technology dovetails tightly with AR as it overlays holographic computer-generated graphics onto the real world, creating “mixed reality” experiences that allow people to interact with computer environments for education and gaming. Founded in 2014, Rokid develops augmented reality glasses and a fully open-source artificial intelligence voice interactive operating system YodaOS. The company released its first voice interaction product in 2016 and has since built up a large portfolio of AR glasses aimed at the industrial and consumer clientele.
Hangzhou, China-headquartered augmented reality glasses maker Rokid Inc. today announced that it has closed a strategic investment round led by NetDragon Websoft Holdings Ltd., bringing its Series C funding round to $112 million. According to a report from Bloomberg, the cash infusion from the newest investor NetDragon brings the valuation for Rokid to $1 billion. The company will use the new funds to expand its reach overseas. NetDragon specializes in education and massively multiplayer games, with a focus on what are called “metaverse” technologies, which are highly immersive 3D spaces where users can interact, work, shop and play. This technology dovetails tightly with AR as it overlays holographic computer-generated graphics onto the real world, creating “mixed reality” experiences that allow people to interact with computer environments for education and gaming. Founded in 2014, Rokid develops augmented reality glasses and a fully open-source artificial intelligence voice interactive operating system YodaOS. The company released its first voice interaction product in 2016 and has since built up a large portfolio of AR glasses aimed at the industrial and consumer clientele.
🖼 Game Studio Behind Matr1x Fire Raises $10 Million for NFT Mobile Shooter
Matr1x, an NFT gaming company based in Singapore, has raised another $10 million in funding for its mobile gaming projects, the firm announced Thursday. Folius Ventures led the latest A-2 round, with fellow crypto VC firm SevenX named as a co-lead investor. ABCDE Capital, Jambo, Initiate Capital, and Find Satoshi Lab—makers of Stepn and the upcoming Gas Hero game—also invested, according to a statement. Matr1x has now raised $20 million in VC funding overall, with Thursday’s round doubling the game studio’s $10 million raise completed in 2022. “Matr1x has real potential in exploring the uncharted for this industry,” Folius Ventures founder Jason Kam said in a statement. Referring to the broader downturn in the crypto industry, he added, “It strikes an elegant balance that may—in the best case—help it achieve critical scale, appeal to the mass market, [and] become sustainably lucrative while side-stepping the Web3 death spiral altogether.”. Matr1x Fire, the studio’s flagship product, is a first-person shooter game for mobile devices where players select from a roster of playable characters and compete on five-person teams to eliminate enemies.
Matr1x, an NFT gaming company based in Singapore, has raised another $10 million in funding for its mobile gaming projects, the firm announced Thursday. Folius Ventures led the latest A-2 round, with fellow crypto VC firm SevenX named as a co-lead investor. ABCDE Capital, Jambo, Initiate Capital, and Find Satoshi Lab—makers of Stepn and the upcoming Gas Hero game—also invested, according to a statement. Matr1x has now raised $20 million in VC funding overall, with Thursday’s round doubling the game studio’s $10 million raise completed in 2022. “Matr1x has real potential in exploring the uncharted for this industry,” Folius Ventures founder Jason Kam said in a statement. Referring to the broader downturn in the crypto industry, he added, “It strikes an elegant balance that may—in the best case—help it achieve critical scale, appeal to the mass market, [and] become sustainably lucrative while side-stepping the Web3 death spiral altogether.”. Matr1x Fire, the studio’s flagship product, is a first-person shooter game for mobile devices where players select from a roster of playable characters and compete on five-person teams to eliminate enemies.
💰 CoinDCX enters into a collaboration with The Sandbox to develop metaverse and Web3.0 understanding
CoinDCX, a VDA company, has announced its collaboration with The Sandbox, a blockchain gaming platform under Animoca Brands. Reportedly, this partnership will take centre stage in BharatBox, a metaverse hub in The Sandbox spotlighting artists and brands from India. According to an official release, unveiled at Unfold 2023, India’s Web3.0 event, the partnership was announced through a video. Following this, it was reported that the VDA platform is set to become an Ecosystem Partner. Sources suggest that CoinDCX and BharatBox will host exclusive game nights, along with co-hosting AMAs and co-creating knowledge repositories, which will include an Ambassador Program to promote the metaverse, engagement in giveaways and contests, and community-building activities across platforms such as Discord and Twitter. It’s believed that CoinDCX and BharatBox will develop metaverse projects and IPs tailored for the Indian audience, buildathons for creators to develop on the Sandbox platform, quests to attract users to the Indian neighbourhood in metaverse, grants and bounties for BharatBox-related activities, and an SDK for both The Sandbox and Bharatbox, compatible with Android and iOS applications.
CoinDCX, a VDA company, has announced its collaboration with The Sandbox, a blockchain gaming platform under Animoca Brands. Reportedly, this partnership will take centre stage in BharatBox, a metaverse hub in The Sandbox spotlighting artists and brands from India. According to an official release, unveiled at Unfold 2023, India’s Web3.0 event, the partnership was announced through a video. Following this, it was reported that the VDA platform is set to become an Ecosystem Partner. Sources suggest that CoinDCX and BharatBox will host exclusive game nights, along with co-hosting AMAs and co-creating knowledge repositories, which will include an Ambassador Program to promote the metaverse, engagement in giveaways and contests, and community-building activities across platforms such as Discord and Twitter. It’s believed that CoinDCX and BharatBox will develop metaverse projects and IPs tailored for the Indian audience, buildathons for creators to develop on the Sandbox platform, quests to attract users to the Indian neighbourhood in metaverse, grants and bounties for BharatBox-related activities, and an SDK for both The Sandbox and Bharatbox, compatible with Android and iOS applications.
🔫 UNITAR Unveils Metaverse Experience for 60th Anniversary
The United Nations Institute for Training and Research (UNITAR) is thrilled to announce the upcoming launch of a pioneering initiative in celebration of its 60th Anniversary - the UNITAR Metaverse. This immersive virtual journey marks a significant milestone as the first United Nations native Metaverse, harnessing technology to advance UNITAR's mission and bring its initiatives to a global audience. UNITAR's unwavering commitment to advancing the Sustainable Development Goals (SDGs) outlined in Agenda 2030. UNITAR strives to remain at the forefront of innovation and to set an example of how virtual environments can be harnessed for educational and informational purposes. The UNITAR Metaverse pays tribute to UNITAR's 60-year legacy, raises awareness about the SDGs, and provides an immersive educational journey. The experience begins at the quintessential Alley of the Flags, as the visitor approaches the Palais des Nations in Geneva. Once inside, visitors can explore and interact with several different rooms and universes, completely immersing him/ herself in each experience, and learning along the way. The entire experience culminates in empowerment, as the visitor leaves more knowledgeable, and able to make an impact as a "UNITAR Virtual Ambassador for Positive Change".
The United Nations Institute for Training and Research (UNITAR) is thrilled to announce the upcoming launch of a pioneering initiative in celebration of its 60th Anniversary - the UNITAR Metaverse. This immersive virtual journey marks a significant milestone as the first United Nations native Metaverse, harnessing technology to advance UNITAR's mission and bring its initiatives to a global audience. UNITAR's unwavering commitment to advancing the Sustainable Development Goals (SDGs) outlined in Agenda 2030. UNITAR strives to remain at the forefront of innovation and to set an example of how virtual environments can be harnessed for educational and informational purposes. The UNITAR Metaverse pays tribute to UNITAR's 60-year legacy, raises awareness about the SDGs, and provides an immersive educational journey. The experience begins at the quintessential Alley of the Flags, as the visitor approaches the Palais des Nations in Geneva. Once inside, visitors can explore and interact with several different rooms and universes, completely immersing him/ herself in each experience, and learning along the way. The entire experience culminates in empowerment, as the visitor leaves more knowledgeable, and able to make an impact as a "UNITAR Virtual Ambassador for Positive Change".
🖼 Bitdeal Unveils Cutting-Edge Multichain NFT Marketplace Development Solutions
Bitdeal, a leading NFT Marketplace Development Company, announced the launch of its new Multichain NFT Marketplace development services. With 8+ years in blockchain technology and NFT Solutions, Bitdeal offers customized solutions for NFTs and blockchain creation, Likewise, They stepped into a new era which is nothing but Multichain NFT Marketplace development services from conceptualization. The company will now offer end-to-end Multichain NFT Marketplace creation, from conceptualization to launch and beyond. At Bitdeal, It specializes in crafting NFT marketplaces that seamlessly support multiple chains. Its expert NFT marketplace developers embed the capability for the product to operate across various blockchain networks. This design choice enhances the overall development process, providing a versatile and inclusive platform for NFT enthusiasts. Security is paramount in the world of NFTs, and at Bitdeal, they prioritize it through discrete smart contract development. For each chain they engage with, its dedicated team ensures the creation of secure smart contracts.
Bitdeal, a leading NFT Marketplace Development Company, announced the launch of its new Multichain NFT Marketplace development services. With 8+ years in blockchain technology and NFT Solutions, Bitdeal offers customized solutions for NFTs and blockchain creation, Likewise, They stepped into a new era which is nothing but Multichain NFT Marketplace development services from conceptualization. The company will now offer end-to-end Multichain NFT Marketplace creation, from conceptualization to launch and beyond. At Bitdeal, It specializes in crafting NFT marketplaces that seamlessly support multiple chains. Its expert NFT marketplace developers embed the capability for the product to operate across various blockchain networks. This design choice enhances the overall development process, providing a versatile and inclusive platform for NFT enthusiasts. Security is paramount in the world of NFTs, and at Bitdeal, they prioritize it through discrete smart contract development. For each chain they engage with, its dedicated team ensures the creation of secure smart contracts.
🖼 Van Gogh NFTs Sell For $2.5 Million
Two digital NFT artworks, inspired by the iconic Vincent van Gogh, have taken the crypto world by storm. The two artworks have fetched over $2.5 million combined. One NFT, a digital reinterpretation of Van Gogh’s work, sold for an astounding $1.3 million. The other followed closely, earning $1.27 million. These sales, conducted in Bitcoin, also highlight a burgeoning interest in classical art NFTs. These high-profile sales are a revitalizing force for the NFT market. The market experienced a downturn in recent months. These Van Gogh-inspired NFTs, identified as numbers 132 and 283, were sold for 35.9999 BTC and 34.9999 BTC, respectively, on the Bitcoin network. This sale not only underscores the increasing value of Van Gogh-themed digital art but also highlights the growing significance of Bitcoin in the NFT marketplace. Amidst this surging interest, the Musée d’Orsay announced its unique digital collectible venture. Inspired by the great artist, they will mint exclusive NFTs on the Tezos blockchain. This project also includes an augmented reality experience and a digital artwork by French artist KERU, mirroring Van Gogh’s artistic flair. In conclusion, as traditional art meets modern technology, these sales mark a pivotal moment in the evolution of art collecting in the digital age.
Two digital NFT artworks, inspired by the iconic Vincent van Gogh, have taken the crypto world by storm. The two artworks have fetched over $2.5 million combined. One NFT, a digital reinterpretation of Van Gogh’s work, sold for an astounding $1.3 million. The other followed closely, earning $1.27 million. These sales, conducted in Bitcoin, also highlight a burgeoning interest in classical art NFTs. These high-profile sales are a revitalizing force for the NFT market. The market experienced a downturn in recent months. These Van Gogh-inspired NFTs, identified as numbers 132 and 283, were sold for 35.9999 BTC and 34.9999 BTC, respectively, on the Bitcoin network. This sale not only underscores the increasing value of Van Gogh-themed digital art but also highlights the growing significance of Bitcoin in the NFT marketplace. Amidst this surging interest, the Musée d’Orsay announced its unique digital collectible venture. Inspired by the great artist, they will mint exclusive NFTs on the Tezos blockchain. This project also includes an augmented reality experience and a digital artwork by French artist KERU, mirroring Van Gogh’s artistic flair. In conclusion, as traditional art meets modern technology, these sales mark a pivotal moment in the evolution of art collecting in the digital age.
🖼 Square Enix announces auction dates for Symbiogenesis NFTs
Final Fantasy game developer Square Enix has announced auction dates for its upcoming Symbiogenesis nonfungible tokens (NFTs). In a Nov. 24 social media post, the team said it would sell the NFTs in three batches. The first batch will be auctioned from Nov. 27 to 28, the second from Nov. 30 to Dec. 4, and the third from Dec. 2 to 3. Symbiogenesis is Square Enix’s upcoming blockchain game that features Ethereum-based NFTs. According to the game’s documents, the first phase will include facet and mesh characters and will only allow “stakeholders” to participate. This seems to imply that only early investors will be able to participate in the Nov. 27–28 phase. The second and third phases will be available to participants in an “allowlist entry campaign,” the documents state. The game’s team ran the allowlist entry campaign from Nov. 7 to 21. Collectors were asked to participate in a series of quizzes, as well as a “treasure hunt” that took place within a prototype version of the Symbiogenesis game world. The participants earned NFT “relics” as a result of these activities, and they scored points toward participating in phase 2.
Final Fantasy game developer Square Enix has announced auction dates for its upcoming Symbiogenesis nonfungible tokens (NFTs). In a Nov. 24 social media post, the team said it would sell the NFTs in three batches. The first batch will be auctioned from Nov. 27 to 28, the second from Nov. 30 to Dec. 4, and the third from Dec. 2 to 3. Symbiogenesis is Square Enix’s upcoming blockchain game that features Ethereum-based NFTs. According to the game’s documents, the first phase will include facet and mesh characters and will only allow “stakeholders” to participate. This seems to imply that only early investors will be able to participate in the Nov. 27–28 phase. The second and third phases will be available to participants in an “allowlist entry campaign,” the documents state. The game’s team ran the allowlist entry campaign from Nov. 7 to 21. Collectors were asked to participate in a series of quizzes, as well as a “treasure hunt” that took place within a prototype version of the Symbiogenesis game world. The participants earned NFT “relics” as a result of these activities, and they scored points toward participating in phase 2.
📊 Metaverse Market Size to Surpass USD 3409.29 Billion by 2027, exhibiting a CAGR of 69.2%
The global metaverse market size was valued at USD 234.04 billion in 2022 and is projected to reach USD 3,409.29 billion by 2027, exhibiting a CAGR of 69.2% during the forecast period. Fortune Business Insights™ displays this information in a report titled, “Metaverse Market Forecast, 2023-2027.” Metaverse is a simulated digital environment created with the help of Augmented Reality (AR), Virtual Reality (VR), mixed reality, blockchain, and other advanced technologies. Many e-commerce organizations are availing digital world services to show their offerings in the virtual world and create a real-world experience for their customers. These companies are also increasing their investment in these services, thereby fueling the metaverse market growth. For example, in November 2021, Nike, Inc., a shoe and retail apparel giant, collaborated with Roblox Corporation to create a virtual world named Nikeland. Nikeland enables dressing up with individual avatars in Nike’s branded apparel and sneakers. Roblox Corporation acquired 3D Avatar creator Loom.ai, which supported the capabilities of the metaverse. This acquisition helped Roblox develop a real-time facial simulation that is equipped with advanced computer vision, deep learning, neural networks, and visual effects.
The global metaverse market size was valued at USD 234.04 billion in 2022 and is projected to reach USD 3,409.29 billion by 2027, exhibiting a CAGR of 69.2% during the forecast period. Fortune Business Insights™ displays this information in a report titled, “Metaverse Market Forecast, 2023-2027.” Metaverse is a simulated digital environment created with the help of Augmented Reality (AR), Virtual Reality (VR), mixed reality, blockchain, and other advanced technologies. Many e-commerce organizations are availing digital world services to show their offerings in the virtual world and create a real-world experience for their customers. These companies are also increasing their investment in these services, thereby fueling the metaverse market growth. For example, in November 2021, Nike, Inc., a shoe and retail apparel giant, collaborated with Roblox Corporation to create a virtual world named Nikeland. Nikeland enables dressing up with individual avatars in Nike’s branded apparel and sneakers. Roblox Corporation acquired 3D Avatar creator Loom.ai, which supported the capabilities of the metaverse. This acquisition helped Roblox develop a real-time facial simulation that is equipped with advanced computer vision, deep learning, neural networks, and visual effects.
🔫 Spacenet Enterprises India Enhances Foothold in E-Gaming with String Metaverse Investment
Spacenet Enterprises India, a fintech company listed on the NSE with a primary focus on trade and trade finance, has disclosed a strategic investment of Rs 10 crore in String Metaverse. This company, renowned for operating cutting-edge Web 3.0 e-gaming platforms, has witnessed Spacenet Enterprises acquiring approximately 9% of its equity by purchasing about 1.1 crore shares at Rs 9 each. This disclosure was made by Spacenet Enterprises in a communication to the NSE. The investment made by Spacenet Enterprises is geared towards capitalizing on emerging digital opportunities. The company aims to position itself as a dynamic force in the continually evolving realm of e-sports. The strategic move aligns with Spacenet Enterprises’ commitment to staying ahead of the competition in the dynamic landscape of digital gaming. Earlier in the year, Spacenet Enterprises had undertaken another strategic investment, this time in BillMart.com, a Mumbai-based fintech platform specializing in bill discounting. These strategic moves signify Spacenet Enterprises’ proactive approach to diversifying its portfolio and exploring avenues with substantial growth potential.
Spacenet Enterprises India, a fintech company listed on the NSE with a primary focus on trade and trade finance, has disclosed a strategic investment of Rs 10 crore in String Metaverse. This company, renowned for operating cutting-edge Web 3.0 e-gaming platforms, has witnessed Spacenet Enterprises acquiring approximately 9% of its equity by purchasing about 1.1 crore shares at Rs 9 each. This disclosure was made by Spacenet Enterprises in a communication to the NSE. The investment made by Spacenet Enterprises is geared towards capitalizing on emerging digital opportunities. The company aims to position itself as a dynamic force in the continually evolving realm of e-sports. The strategic move aligns with Spacenet Enterprises’ commitment to staying ahead of the competition in the dynamic landscape of digital gaming. Earlier in the year, Spacenet Enterprises had undertaken another strategic investment, this time in BillMart.com, a Mumbai-based fintech platform specializing in bill discounting. These strategic moves signify Spacenet Enterprises’ proactive approach to diversifying its portfolio and exploring avenues with substantial growth potential.
🔫 Veyond Metaverse Revolutionizes XR Digital Surgery with New AI Voice Command Technology
Veyond Metaverse, a trailblazer in extended reality (XR) healthcare technology, announces a development in digital surgery – the introduction of an AI-powered voice command system that works in tandem with dynamic digital twins in XR operating environments. This initiative follows Veyond Metaverse’s accomplishment of performing what has been recognized as the world’s first digital surgery in September, 2023. The AI voice command feature is poised to enhance the dynamics within XR operating rooms significantly. “Considering the anticipated growth of the surgical market, with expenditures expected to surpass $1 trillion by 2029, our focus on AI and XR technologies is crucial,” said Mohsen Rostami, CSO at Veyond Metaverse. “With surgical procedures in the US projected to reach 122 million by 2027, our innovative AI applications position Veyond Metaverse as a leader in this expanding field, enhancing surgical efficiency and precision to meet the rising demand for sophisticated healthcare solutions.” “Surgeons will be able to engage with digital tools and environments using straightforward voice commands, streamlining surgical procedures and promoting a progressive learning platform for medical professionals worldwide,” says Jimmy Silva.
Veyond Metaverse, a trailblazer in extended reality (XR) healthcare technology, announces a development in digital surgery – the introduction of an AI-powered voice command system that works in tandem with dynamic digital twins in XR operating environments. This initiative follows Veyond Metaverse’s accomplishment of performing what has been recognized as the world’s first digital surgery in September, 2023. The AI voice command feature is poised to enhance the dynamics within XR operating rooms significantly. “Considering the anticipated growth of the surgical market, with expenditures expected to surpass $1 trillion by 2029, our focus on AI and XR technologies is crucial,” said Mohsen Rostami, CSO at Veyond Metaverse. “With surgical procedures in the US projected to reach 122 million by 2027, our innovative AI applications position Veyond Metaverse as a leader in this expanding field, enhancing surgical efficiency and precision to meet the rising demand for sophisticated healthcare solutions.” “Surgeons will be able to engage with digital tools and environments using straightforward voice commands, streamlining surgical procedures and promoting a progressive learning platform for medical professionals worldwide,” says Jimmy Silva.
