Metaverse Platforms
China: Zhengzhou City proposes metaverse plan
China's Zhengzhou city issued a set of policy proposals Wednesday to support metaverse companies, including a 10 billion yuan (US$1.42 billion) metaverse fund.
Tom Zuo
Lens
Metaverse
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Market Analysis
In battle to be Asia’s crypto hub, which city will emerge victorious?
Top blockchain and crypto news: Asia’s crypto hub race. Is US debt ceiling fight a boon or a bane for crypto? China's red carpet for metaverse investment.
Forkast.News
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Metaverse Platforms
China’s Nanjing city launches state-backed metaverse entity
China's Nanjing City launched a state-backed organization on Monday to promote and enhance metaverse studies throughout the nation.
Tom Zuo
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Market Analysis
Only 4% of South Koreans use metaverses, survey reveals
Only 4.2% of South Korean citizens have said that they regularly use metaverse services, a recent survey results show.
Danny Park
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Metaverse Platforms
The metaverse is here. When will the party begin?
The metaverse is still a clunky world that makes users feel like they're in a cartoon, writes Darin Myman of DatChat. How can we make it more inviting and useful?
Darin Myman
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Investment Insights
China’s Henan state-owned investment group sets up US$22 mln metaverse fund
Henan Cultural Tourism Investment Group, a state-owned investment enterprise in Central China’s Henan province, has set up a 150 million yuan private equity investment fund to finance metaverse ventures.
Timmy Shen
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NFT Marketplaces
Sotheby’s launches NFT marketplace for transactions on Ethereum, Polygon networks
Sotheby’s, which accounts for 24% of global art auction sales, has launched an online secondary marketplace for its curated NFTs as the 279-year-old auction house for fine art expands its push into digital assets.
Timmy Shen
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Investment Insights
Meta’s Zuckerberg says he is keeping focus on metaverse development despite losses
Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg said the social media giant is not moving away from its metaverse focus despite reporting repeated losses in the billions of dollars at its division dedicated to developing the virtual reality online world.
Timmy Shen
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Market Trends
France to develop local metaverses against global giants
The French government announced a public consultation on “virtual immersive universes,” or the metaverse.
Danny Park
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Metaverse Platforms
Meta says new focus on generative AI could boost metaverse development: Nikkei
Meta is investing heavily in artificial intelligence and this will benefit its metaverse businesses, Meta’s Andrew Bosworth told Nikkei Asia.
Danny Park
