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The AI-generated avatar creation cross-platform for the metaverse, Ready Player Me, has raised $56 million in a Series B funding round led by Andreessen Horowitz (a16z). The startup’s co-founder and CEO Timmu Tõke says the funding will be used to scale the cross-platform metaverse avatar system. Investors Inject Ready Player Me With Fresh Capital, CEO … Read more
The hype around metaverse has taken a hit after recent turmoil in crypto markets, but industry leaders and stakeholders still see it as the future of Web3. Go to Source Powered by WPeMatico
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
The report states that global NFT transactions are projected to hit 40 million in the next five years. Go to Source Powered by WPeMatico
Meta CEO Mark Zuckerberg has decided to overhaul the company’s flagship metaverse app Horizon Worlds after it received heavy criticism due to its graphic simplicity. The backlash was received as a consequence of one of the selfies of Zuckerberg’s avatar in Horizon Worlds presented to illustrate the launch of the platform in Spain and France. … Read more
Web3 games are focusing on community building, aesthetics, customization and representation to attract female users — but is this enough? Go to Source Powered by WPeMatico
Six metaverse musical acts are up for nomination, including Ariana Grande, Justin Bieber and the K-Pop group BTS. Go to Source Powered by WPeMatico
Meta, the social network company, has expanded the services of its flagship metaverse app, Horizon Worlds, to Spain and France. This move is part of the expansion plan of Meta to offer these services to more countries in Europe this year. While the app was available as an invite-only service in 2020, it just opened … Read more
Since the legislative framework surrounding the Metaverse is quite gray, experts still don’t see the technology being used to settle legal issues. Go to Source Powered by WPeMatico
Two of the biggest soccer clubs in Spain, Real Madrid and FC Barcelona, have applied to receive trademarks for some elements in the metaverse. The clubs have introduced an application that encompasses different activities and services that they can conduct in the metaverse, including a cryptocurrency wallet and the possibility of selling virtual merchandise. Real … Read more
