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Tomorrow, First. News and intelligence for the agentic economy

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Metaverse

  • Economic Impacts

    Shanghai turns to metaverse, NFTs to counter lockdown economic fallout

    China’s second-most populous city will introduce a three-year plan to promote the metaverse in the tourism industry, and encourage non-fungible tokens (NFTs) in the art and culture industry, as part of a recovery plan for the city’s economy. See related article: ‘Metaverse’ enters government radar at China’s Two Sessions Fast facts See related article: NFTs, […]

    Ningwei Qin

  • Regulation

    Dubai scorches crypto winter with plans to support 40,000 ‘virtual jobs’

    Dubai aims to be one of the top 10 cities globally in the metaverse economy, creating 40,000 virtual jobs and adding US$4 billion to the city’s economy in five years.  See related article: Dubai could be crypto’s promised land, Citi says Fast facts The launch of the Dubai Metaverse Strategy on Monday was aimed at […]

    Pradipta Mukherjee

  • Metaverse Platforms

    South Korea’s Ifland metaverse dives into play-to-earn

    South Korea’s Ifland metaverse marked its first anniversary by announcing Ifland 2.0, which will feature an economy that allows users to earn profits in the metaverse, its operator telecommunications giant SK Telecom said Tuesday. See related article: South Korea’s SK Telecom to build its first Web3 wallet Fast facts The Ifland 2.0 economy will reward […]

    Danny Park

  • Advanced Blockchain Technologies

    NFTs, metaverse, blockchain, Web3 included in Shanghai’s five-year plan

    The Shanghai government has included metaverse entertainment, non-fungible tokens (NFTs) and Web3 technologies into its five-year digital economy plan, according to a policy paper published on Tuesday. See related article: ‘Metaverse’ enters government radar at China’s Two Sessions Fast facts See related article: Xiamen reveals plan to bolster its metaverse, NFT-related firms

    Ningwei Qin

  • Market Trends

    Animoca Brands ups valuation to US$5.9B despite slumping markets

    Animoca Brands has raised US$75 million in a new round of fundraising in a move toward an “open metaverse,” defying plummeting markets and a drop in non-fungible token (NFT) sales during the crypto winter season, the Hong Kong-based blockchain game specialist announced on Tuesday.  See related article: Animoca says crypto winter ‘a great time’ for […]

    Dylan Butts

  • Metaverse Platforms

    Aespa, NCT’s SM Entertainment builds metaverse studio Kwangya

    SM Entertainment (SM) announced it is establishing Studio Kwangya, a company specializing in content production in the metaverse, the leading South Korean idol agency announced on Tuesday.  See related article: Second K-pop agency taps Binance for NFT partnership Fast facts SM has represented some generational acts in K-pop since 1995 such as H.O.T., SNSD, EXO, […]

    Danny Park

  • Investment Insights

    Shanghai sees its metaverse industry growing to US$52 billion in four years

    Shanghai released a policy paper setting a goal to cultivate its metaverse-related industry to a total value of 350 billion yuan (US$52 billion) by the end of 2025.  See related article: Hong Kong gears up for its first metaverse ETF Fast facts See related article: China’s zero-Covid policy realigning global economy, financial markets

    Ningwei Qin

  • Market Trends

    South Korean convenience store CU helps bring booze culture to metaverse

    South Korea’s largest convenience store chain CU said on Tuesday it is launching its alcohol brands on JJAANN, a local metaverse platform dedicated to drinking culture. See related article: To improve focus on studies, South Korean students turn to the metaverse Fast facts JJAANN, which calls itself the world’s first corner of the metaverse dedicated […]

    Danny Park