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What is Metaverse Economy? - Metaverse Blog

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Concept Metaverse Economy What is Metaverse Economy? Metaverse economy refers to the value assigned to virtual assets, driven by the perception of digital scarcity. Unlike the traditional financial economy, the metaverse economy relies purely on mimicry and is not constrained by actual scarcity it holds value because we collectively believe it does. Impact of the metaverse economy on world Some reports from Meta highlight the metaverse is impact on global economies. Here are some key points: 1- Global Impact :  The metaverse, built on immersive technologies like augmented reality (AR) and virtual reality (VR), could contribute up to US$3.6 trillion per year in additional GDP by 2035. 2- Regional Insights : - European Union (EU): VR and AR adoption is higher (10%) than in the US (9%). The metaverse is expected to contribute up to €489 billion to the EU’s GDP by 2035, with leading companies like Zara and BMW already exploring metaverse applications. - United Kingdom (UK): The UK’s thriv

Japanese start develops armband mimics PAIN Metaverse - Metaverse Blog

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Japanese develops armband mimics PAIN Metaverse Metaverse News The " Metaverse " is a set of virtual spaces where you can game, work, and communicate with other people who aren't in the same physical space as you. In the future, the metaverse will be accessible with virtual reality (VR) and augmented reality (AR) headsets and smart glasses, and could be used for work, education, gaming, and even music events. The idea of an armband that can mimic pain in the metaverse may sound like a concept from the latest series of Black Mirror. But thanks to a Japanese start-up, the creepy device has become a reality. H2L, a Sony-backed company based in Tokyo, has developed an armband that uses electrical stimulation to deliver physical pain. H2L's armband, called UnlimitedHand, features muscle motion sensors that recognize your hand gestures and position, enabling your avatar in the metaverse to accurately copy your movements.  It also uses electrical stimulation to manipulate th

Best Metaverse Games - Metaverse Blog

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The gaming industry in metaverse Best Metaverse Games The gaming industry working in the blockchain and crypto space is leading the forefront. Before we begin with some cool metaverse games, let’s understand what metaverse is, how it is different, and what to expect. Let’s take a look at some examples of metaverse games that are changing the way we go about our daily lives. The Sandbox "Metaverse Games" Another metaverse game with a play-to-earn format, Sandbox allows users to buy land, build on top of it, then sell it on NFT marketplaces like Open Sea. You can be a creator who is building the metaverse or a player who is participating in the games created by other players or builders. Yield Guild Games "Metaverse Games" Yield Guild Games or YGG makes it possible for a group of players to participate in blockchain games remotely. The benefit is not being required to be at the same place like in the old days. They can compete for prizes, cash/tokens, and in-game as

The real estate sector uses metaverse - Metaverse Blog

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Metaverse in the real estate market Metaverse in the real estate market With the spread of the Corona pandemic, the movement stopped and economies closed, which led to the collapse of the real estate sector in many countries. As a result of the above, virtual reality technology has been introduced in real estate marketing. Media reports revealed the sale of real estate and land within this virtual world, with a value exceeding hundreds of thousands of dollars. Historic real estate deals In this article, we review 3 deals that ranged in price from $913,000 to $2.4 million. The transaction of the Metaverse Group's purchase of a plot of land in the virtual world of "Decentraland" recorded a historical price that is so far the highest in the virtual land sale market. The deal took place in exchange for 618,000 MANA coins, a digital currency based on the encrypted Ethereum network, worth about $2.4 million. This land covers an area of ​​16 acres of the land of the metaphysic

Tech companies VS Metaverse - Metaverse Blog

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Who's building the metaverse? Tech companies VS Metaverse The metaverse broadly refers to the idea of a shared virtual platform that people can access through different devices and where they can move through digital environments. Here are a few companies playing a role. The metaverse broadly refers to the idea of a shared virtual platform that people can access through different devices and where they can move through digital environments. The concept, which could be more than a decade away from being fully realized, will take cooperation among tech giants. Technology companies building the metaverse Here are a few of the companies playing a role: "Facebook", which will start trading as Meta Platforms on Dec 1, has said it wants to be seen as a metaverse company rather than a social media one. The tech giant, which has about 3 billion users, has been investing heavily in augmented and virtual reality and has been building out its VR environment Horizon, accessed throu

Nike & Microsoft Announce their Metaverse Plans - Metaverse Blog

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Nike and Microsoft entry into the world of a metaverse Nike & Microsoft entry Metaverse Nike & Microsoft have announced their points of entry into the metaverse , & they’re interesting, to say the least. Nike filed seven trademark applications for virtual sneakers & apparel, including the brand’s famous slogan Just Do It, its swoosh logo, "Air Jordan" & "Jumpman" logos.  This is not Nike’s first venture into this space, as it previously sold Nike-branded items on gaming platforms like Fortnite & Roblox.  As for Microsoft, the company said it’s adding virtual reality avatars & workplaces to Teams, its web meeting service, as well as allowing workers to view PowerPoint presentations in the metaverse. The new feature mimics a Facebook virtual reality product called Horizon Workrooms. Why is this important Facebook Meta isn’t the only giant company trying to sell us the idea of a metaverse.  Companies, whether in the tech sector or not, are

How does Metaverse work? - Metaverse Blog

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How does Metaverse work? How does Metaverse work? Metaverse will integrate hardware and software to hold meetings with other people in a virtual context where people are represented as avatars that convey facial expressions, mouth movements, body language, head tilts, and other gestures in real-time. Avatars will also see other avatars, with their accompanying movements, interact in real-time, and they can make eye contact, point, gesture, talk, and walk around. The world of Metaverse will feature a biometric identifier for business meetings and video applications, real-time gesture mapping for the entire upper body, face mapping, room, and object mapping, with an array of emotion-detecting biosensors, which will be subtly reflected in facial expressions. And in video games, in the world of Metaverse you will appear as a virtual character who will be a copy of you, optimized for verbal and non-verbal communication as well as real-time cooperation, your avatar will be closely related t