Commentary The metaverse, that virtual world that teens everywhere are entering with a headset and hand controllers, could eventually pull in $8 trillion. That so enthralls Mark Zuckerberg that he changed the name of Facebook (the parent company) to Meta and is developing haptic gloves that interact and give tactile sensations. Haptic suits that give…
Meta and Other Tech Giants Form Metaverse Standards Body, Without Apple
Meta, Microsoft and other tech giants racing to build the emerging metaverse concept have formed a group to foster development of industry standards that would make the companies’ nascent digital worlds compatible with each other. Participants in the Metaverse Standards Forum include many of the biggest companies working in the space, from chip makers to…
Overregulation Hinders China’s Web 3.0 Developers While Investors Seek Options Offshore
May 11, 2022
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The communist Chinese regime’s heavy-handed supervision of China’s high-tech industries has greatly hindered its domestic tech innovation, prompting many Chinese tech firms and industry professionals to seek development overseas. Web 3.0 is referred to as the next internet revolution or the third-generation Internet that is based on blockchain technology and cryptocurrencies. It is being developed…
Investing in the Metaverse
Commentary Young people feel attraction to the metaverse that older folks cannot understand. Some young enthusiasts have even bought property in that entirely imaginary land—as an investment, they say. At first blush, this practice seems outlandish, but on reflection, metaverse investments are not that much different than other investments, hardly as revolutionary as the young…
Meta to Start Testing Money-Making Tools for Its Metaverse
Facebook owner Meta Platforms is beginning to test tools for selling digital assets and experiences within its virtual reality platform Horizon Worlds, a key part of its plan for creating a metaverse, it said on Monday. The tools will be available initially to a handpicked set of users who are creating virtual classes, games, and…
Picks and Shovels of a Whole New Boom
Commentary In 1839 Swiss immigrant John Sutter forged his way to what would one day be known as California. His dream was to set up a community for farmers and ranchers. By 1848, the wheels were in motion. He hired a carpenter named James Marshall to oversee the construction of his properties. But while in…
The Metaverse, With Chinese Characteristics
Commentary China’s technology giants are beginning to invest in the metaverse, and Beijing is readying its state-controlled censorship and regulatory gatekeepers. There’s no definitive description of the metaverse (sometimes referred to as Web3), but it’s a term loosely used to describe computer-generated virtual worlds where people can live, play, and interact with others. A more…
Metaverse Related Trademark Applications Surge
An increasing number of big companies are filing trademark applications to protect their brands in the metaverse. They’re also looking to make money in this new realm by offering virtual goods and services. Victoria’s Secret, New York Stock Exchange, and McDonald’s are among the latest corporations to announce plans to join the metaverse. Nowadays, metaverse…
Large Companies Starting to Protect Their Brands in the Metaverse
An increasing number of big companies are filing trademark applications to protect their brands in the metaverse. They’re also looking to make money in this new realm by offering virtual goods and services. Victoria’s Secret, New York Stock Exchange, and McDonald’s are among the latest corporations to announce plans to join the metaverse. Nowadays, metaverse…
Muted Debut: China Digital Money at Olympics; JPMorgan Bank Enters the Metaverse | NTD Business
Will China’s debut of it’s digital currency at the Olympics get the traction it wants? Foreign visitors from around the world are using it — despite security and privacy concerns. One of the biggest banks in the world is officially in the meta-verse. it says the opportunity is worth trillions. And luxury retailers are moving…
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