Metaverse Summit

Recap from hosted by ! The event showcased the future of fashion with cutting-edge designs from notable participants like Forbes , P***O , , and Ilona Song displayed via massive virtual models and smart devices equipped with Over the Reality app. 👗👠💻

Attendees were impressed by the presentation of AR fashion and OVER's technology that allows digital land owners and creators to geolocate digital assets with 20-centimeter accuracy. Davide Cuttini, Co-Founder and CEO of OVER, emphasized the game-changing potential of AR. 🌟🎉

is an AR metaverse platform empowering creators to publish and own their content while offering rewards and opportunities to those who contribute to the ecosystem. Brands can explore new possibilities beyond their cities and create live satellite shows for audiences worldwide thanks to the power of AR. 🚀🌍

Visit OVER's official website and social media channels to learn more about their innovative AR metaverse platform.

Source: https://lnkd.in/e-8EU99x

🎉Hadean Leads Gaming Metaverse 🗞️

🚨Hadean appointed as the committee chair of gaming metaverse initiatives by the Mythos Foundation, a non-profit organization focused on gaming industry development.

👾Hadean will lead the initiatives to create an immersive and interconnected gaming experience using advanced technologies.

🎉The goal is to create a metaverse that allows for a seamless transition between different games and platforms, creating a fully integrated gaming ecosystem.

💻Hadean's expertise in distributed computing and cloud-native technologies will be crucial in achieving this goal.

🎤Hadean's Aether Engine technology has already been used in large-scale gaming events.

💀As contemporary society continues to digitize, life in the metaverse raises the same timeless questions about what happens after death.

⁉️The age-old question of “what happens after we die” is one humanity has grappled with for millennia. Religions, philosophers and thought leaders have put forth theories about each person’s fate beyond life on earth. Until now, no factual, science-based conclusion has provided a satisfying answer.

😰Psychologists have understood that the fear of death — or the realization of mortality — is a major motivator of human action.

🧬Developments such as cloning and creating virtual worlds, which were previously science fiction, have come to reality, perhaps as another scramble to answer this question — or even defeat death.

🗾Now, in the age of the metaverse, humans are the architects of a new digital world and, therefore, a new digital life. In the Web3 space, the metaverse has garnered much attention from outside investment and increased participation from legacy companies.

💲The metaverse sector will have an estimated value of $5 trillion by 2030.Many believe that the metaverse will reshape how social life is structured.

❓We still may not know what happens after we die; however, in the metaverse, we’re getting much closer to the answer.

🇪🇺The European Commission is keeping an eye on the metaverse for healthy competition, the region’s antitrust chief has revealed.

🆕In her speech at a conference, the EU’s competition and digital affairs commissioner Margrethe Vestager told the attendees that the region must adapt and react to new market dynamics in the digital era.

📈The EU must anticipate and plan for change, “given the obvious fact that our enforcement and legislative process will always be slower than the markets themselves,” Vestager stated during the event, organized by Keystone Strategy.

👾“For example, it is already time for us to start asking what healthy competition should look like in the Metaverse, or how something like ChatGPT may change the equation,” she noted.

‼️One company Vestager and her team have focused on is Meta, the parent company of Facebook, Instagram, WhatsApp, and many other tech companies. In December, the European Commission issued a list of objections against the Facebook Marketplace, the social media network’s e-commerce platform. Meta could end up forking out $12 billion in penalties if found guilty.

🪙As CoinGeek reported, the company lost $14 billion in 2022 through Reality Labs, its metaverse and virtual reality division, but it has pledged to keep splashing the cash despite the huge loss.

📱With the tech giants like Meta and Apple already investing billions in developing a closed ecosystem that gives them the advantage, antitrust will become critical in the metaverse.

{Metaverse News}
🇮🇳The Indian Web3 market is expected to reach $1.1 billion by 2032, up from $0.0049 billion in 2022 at a compound annual growth rate (CAGR) of 57%.

📉According to the report, the Indian market is expected to follow a growth trajectory with the global Web 3 market which is expected to grow from $3.3 billion in 2021 to $82.72 billion by 2030.

🔝The country's market which currently sized at $2.4 billion is expected to record a CAGR of 39.2% from 2022-2030 to reach $33.9 billion by 2030, according to a white paper released at the 'Entrepreneur Web3 Summit' in Bengaluru.

🔺The outlook of other technologies in the report projected to grow over the next decade includes the market with a CAGR of 47.3%, increasing from $0.28 billion in 2019 to reach $4.3 billion by 2025, and the market which is estimated to record a CAGR of 61.6% as it continues to gain widespread acceptance, increasing from $3.3 billion in 2021 to reach $27 billion by 2028.

👾Finally, the is also set to see significant growth. According to the white paper, the market size of gaming is expected to reach $8.6 billion by 2027, up from $2.6 billion in 2022, at a CAGR of 27%.

{Metaverse News} strikes a deal to make Xbox PC video games available on the Boosteroid cloud platform, its latest move to appease antitrust regulators scrutinising its purchase of game maker Activision Blizzard.

🇺🇸 Microsoft’s deal with Boosteroid:
The US tech giant said the 10-year agreement would also include Activision Blizzard titles like the popular Call of Duty franchise if or when the acquisition gets approved.

📉Significance of this deal:
Microsoft aims to boost its firepower in the booming video gaming market against leaders Tencent and Sony, and lay the base for its investment in metaverse.

🔔Also, Microsoft has been announcing new partnerships as it tries to persuade regulators in the U.S. and Europe to allow the $69 billion all-cash transaction to go through.

🇺🇦Microsoft and Boosteroid:
Ukraine-based Boosteroid’s access to Call of Duty is conditional on regulatory approval for the Activision deal. The agreement will also bring Microsoft’s Xbox PC games to Boosteroid’s cloud gaming platform.

🤝Microsoft’s push towards bigger deal:
Microsoft has similar licensing deals with Nvidia, Nintendo and U.S. distributor Value Corp, owner of the world’s largest video game distribution platform, Steam.

{Metaverse News} 🤐It’s no secret that over the last few years, many physical events have now digital iterations or have even been completely digitized into virtual reality.

🇨🇴Recently, in Colombia, a local judge decided to bring a court hearing into the metaverse as an experiment with the technology. It was a civil case involving a traffic incident, which will progress further “partially” in the metaverse.

⚖️While many believe that the metaverse will reshape our social lives, it begs the question if digital reality can best serve important societal moments such as court cases where an individual’s future may be at stake.

💭The metaverse court case in Colombia was not so far off from what legal systems around the world needed to do during the COVID-19 pandemic, which was to go digital.

🔔In 2016, James Vlahos discovered that his father was dying from terminal lung cancer.

🧠Painfully aware that their time together was running out, Vlahos rushed to gather memories while he still could, recording his father’s life story; everything from childhood memories to his favourite sayings, songs and jokes.

💬Once transcribed, these recordings filled 200 single-spaced pages.It was a great, but inert resource, and I longed for something interactive. So I spent nearly a year programming a chatbot replica of my father: the 'Dadbot,'" said Vlahos.

🎙️This "Dadbot" was able to revive his father’s stories via text messages, audio, images, and video, creating an interactive experience that emulated the unique nuances of an individual; of Vlahos' dad.

🤖While this artificial version could never replace Vlahos’ real father, it did give him some comfort - and a way to remember him more viscerally in the form of an AI afterlife.

🇺🇸It also inspired Vlahos to launch HereAfter AI, a US-based company that allows people to upload their memories, which are then turned into a “life story avatar” that can be communicated with by friends and family.

🚨{Metaverse News} Welcome to This Week in the Metaverse, where we round up the most interesting news in the world of NFTs, AI, and the metaverse.

👾Yuga Labs is continuing to build on the release of NFT-powered game Dookey Dash earlier this year.

🕹️The NFT powerhouse invited holders of its “sewer passes,” which were minted in January, to burn their pass to mint a new collection called HV-MTL, or heavy metal, that is in part derived from users’ Dookey Dash scores.

💲The new collection of 30,000 “mechs” (robot-looking boxy things) already sports a price floor of nearly $4,000 as the company has indicated that the NFTs will give users access to future minigames and other perks.