Current Infrastructure Can't Support the Metaverse, Says Huawei Report
Chinese telecom giant Huawei doesn’t believe current telecom infrastructure is enough to cope with the needs of the Metaverse, adding that 5G and 6G networks just might. The comments came from Huawei’s Middle East region's Chief Expert on Business & Strategy Consulting, Abhinav Purohit, who published a three-part blog series on Dec. 20 focused on the potential of the Metaverse sector and where telecom companies will fit into the picture. (Cointelegraph)
VIIDE Secured $1M in the Seed Round
NFT display and interaction hardware provider Viide has raised $1M in the seed round from a host of investors that included JDI venture, LYVC, and the founder of Canaan(CAN) with a valuation of fifteen million dollars. Viide will use the funding to upgrade hardware R&D, launch Viide IRL spaces and build the community of OddOwl Club(OOC). OOC is the NFT project developed by Viide, the community for like-minded NFT frens and a bunch of 10,000 oddities to lead a tangible web3 lifestyle, building a gate-free and vibrant community both on-chain and IRL.
Diablo Developers To Launch Angelic on Immutable X
Web3 gaming company Metaverse Game Studios announced the launching of Angelic on Immutable X on Dec. 20.
Mercedes-Benz Files 5 Trademark Applications for Metaverse and NFTs
The German multinational automotive corporation Mercedes-Benz Group AG is taking steps into the digital space with non-fungible tokens (NFTs) and the metaverse.
Looking Glass Labs Partners with Cavrnus to Deliver Metaverse Innovation and Commercialization Strategy
Looking Glass Labs Forms Strategic Development Partnership with Cavrnus to Deliver Clear Metaverse Innovation and Commercialization Strategy
Meta Will Continue to Push Metaverse Investments in 2023 According to Head Of Reality Labs
Meta will continue to invest in VR (virtual reality) tech in 2023, according to statements made by Andrew Bosworth, head of Reality Labs, the metaverse division of the company. While Meta has made some changes and adapted to the current shaky economic atmosphere, Bosworth states that the company is still committed to its metaverse pivot.
One-Third of Singles Are Ready To Date in the Metaverse: Survey
Online dating has already become a commonplace activity in modern-day romance. Data from Statista forecasted nearly 280 million online dating users by 2024.
Meta Says It Still Believes in Metaverse—Stock Is Down 64% Since Name Change
While 2022 has been a tough year for the tech industry, Meta has had an especially rough run. Its stock has dropped 60% since the company changed its name in October 2021, when its stock traded at $323.57 per share. Currently, Meta is trading at $114.74, according to MarketWatch. (Decrypt)
Chinese Zhejiang Province Aims to Build a $28.7 Billion Metaverse Industry by 2025
Zhejiang, a coastal province of China, has presented a metaverse development plan that seeks to build a metaverse hub in its territory. The plan aims to entice the creation of a $28.7 billion metaverse industry and construct an ecosystem of several companies integrating this tech as part of its operations by 2025.(By Sergio Goschenko)
Meta and L’Officiel Philippines Launch the Meta Avatars Store
L’Officiel Philippines collaborates with Meta to celebrate the launch of the Meta Avatars Store in the Philippines, featuring vibrant leading personalities in the field of fashion, music, dance, and sports.
