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Microsoft, the software and computing behemoth, is seeking to adapt part of its software service stack to the metaverse. Ihsan Anabtawi, CMO of Microsoft UAE, declared that the company was working to make its cloud division compatible with metaverse experiences, and to allow companies to use the data obtained as resources for their specific applications. … Read more
The Mona metaverse unveiled an AI-enabled material creator for advanced creative and personalized metaverse design. Go to Source Powered by WPeMatico
The Monuverse is taking some of the world’s most precious monuments and preserving them forever as NFTs in the digital universe. Go to Source Powered by WPeMatico
Analysts from JPMorgan believe that the metaverse gaming market could explode in China even with the current state of regulation, which presents certain difficulties for adoption. Companies like Tencent, Netease, and Bilibili are JPMorgan’s picks when it comes to taking advantage of this potential growth, that at best, might pass the $100 billion mark. JPMorgan … Read more
The Chinese metaverse industry has reportedly raised about $780 million in funding and there are expectations this will grow to be a $5.8 trillion industry by 2030. So far there are 160,000 virtual human enterprises in China while 20 provinces or cities in the country are reportedly supporting the metaverse. Developing the Metaverse According to … Read more
The investment management giant Invesco has launched a metaverse fund that will invest in a myriad of startups focused on metaverse technology, a Citywire report detailed on Monday. “We will seek to capitalise on these opportunities through a highly selective, valuation-conscious approach,” Tony Roberts, Invesco’s fund manager, explained. Invesco Reveals Metaverse Fund — Investment Manager … Read more
Google cloud-computing AI recreated Bored Ape Yacht Club NFTs into machine-made paintings. Go to Source Powered by WPeMatico
The Nigerian central bank governor and bitcoin critic, Godwin Emefiele, recently remarked that the rise of fintechs and cryptocurrencies among other technologies have forced banks and financial institutions to change the way they operate. According to Emefiele, this requires the central bank’s monetary policy committee (MPC) to rethink the way it regulates the financial system. … Read more
Warba Bank, a Kuwait-based Islamic bank, recently became the latest corporation from the Middle East and North Africa (MENA) to enter the metaverse. The bank now occupies two sites in the metaverse, one Decentraland and another one on Sandbox. Pioneering Digital Transformation In what has been described as a first for an Islamic bank, the … Read more
As we’ve already pointed out in our previous Top 5 AI & Big Data Tokens by Market Capitalization In June 2022, Artificial Intelligence (AI) is the advanced analytics and information streamlining the underpinning of the field of computer science. It is estimated that by 2025, the worldwide AI market will be worth $390.9 billion. Many … Read more