Korean VC Firm Daesung Private Equity Announces $83 Million Metaverse Fund

daesung private equity metaverse fundDaesung Private Equity, a Korean venture capital firm, has announced the launch of a metaverse fund of 110 billion won ($83.5 million). The fund, which will have the participation of the Korean state represented by Korea Venture Investment Corporation’s Korea Fund of Funds, aims to put investments into virtual reality (VR) and digital twins-related businesses. […]

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Deloitte: Metaverse Could Add $1.4 Trillion a Year to Asia’s GDP

Deloitte: Metaverse Could Add $1.4 Trillion a Year to Asia's GDPDeloitte estimates the metaverse could add $1.4 trillion to Asia’s GDP annually by 2035. Noting that the metaverse market could be as large as $13 trillion by 2030, the global financial services firm said: “The metaverse is no longer science fiction. Early metaverse platforms are already being used by millions.” Deloitte’s Metaverse Study A new […]

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Deloitte: Nearly 50% of CFOs Surveyed Expect Recession to Hit US Economy This Year

Deloitte: Nearly 50% of CFOs Surveyed Expect Recession to Hit US Economy This YearFinancial services firm Deloitte has conducted a survey of chief financial officers (CFOs) and found that nearly 50% of respondents expect the U.S. economy to be in recession this year. Furthermore, 39% expect the North American economy to be in a period of stagflation by year-end. CFOs on Recession and US Economy Deloitte, one of […]

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Deloitte Survey: 85% of Merchants Say Enabling Crypto Payments Is High Priority

Deloitte: 85% of Merchants Say Enabling Crypto Payments Is High Priority, Survey ShowsA survey conducted by Deloitte in collaboration with PayPal found that over 85% of merchants “are giving high or very high priority to enabling cryptocurrency payments.” In addition, “nearly three-quarters of those surveyed reported plans to accept either cryptocurrency or stablecoin payments within the next 24 months.” Majority of Merchants Surveyed Plan to Enable Crypto […]

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