COMING to you every Sunday, 24/7 Crypto will help you keep track of every single important news story that happened this week in the metaverse.
Decentraland fashion week closes with a bang
The first ever fashion week in the metaverse took place over the past seven days, with Decentraland welcoming a whole range of brands.
In the first event of its kind, designers took to the virtual runway to show off their latest products.
Participating brands included Dolce & Gabbana, Tommy Hilfiger, Estée Lauder and others.
They are showcasing both wearable NFTs that can be purchased in Decentraland, and physical collections that can be bought through online shopping sites.
The fashion week only drew to a close today, with no figures yet released on how many people visited the metaverse event.
However, the inaugural event appears to have finished with a bang, attracting plenty of attention and headlines around the world.
The fashion week appears to have successfully raised Decentraland’s profile.
Nike’s virtual store in Roblox visited nearly seven million times
Sports brand Nike opened up a virtual store in Roblox last November.
Ahead of the trend, the move has so far paid off, with nearly seven million people visiting the virtual land since launch.
Visitors have come from 224 countries, and have been able to take part in games tag and dodgeball while also trying on Nike wear in the company’s digital showroom.
Read more HERE
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Hollywood actor Will Smith among celebs investing millions in metaverse firm
Big name celebrities from Hollywood and the music industry have invested their money into metaverse land developer, Everyrealm.
Will Smith, The Weekend, and others have added their money to Everyrealm’s already impressive investment pot of $60million.
Everyrealm has been buying up land in virtual platforms in anticipation for the growing popularity of the worlds in the years to come.
CEO Janine Yorio said the trust placed in the company by the prominent names was proof how many people saw the opportunities offered by virtual reality.
She said: “Having such an accomplished roster of people on our cap table is an honor and a testament to the allure of the metaverse opportunity, one where artists and entertainers can foster direct connections with their communities.”
Real life pain to soon be felt in the metaverse
A Japanese start-up company is developing an armband to allow users to feel pain in the metaverse.
It uses electrical stimulation to manipulate the reflexes in human muscles.
The new tech can they mimic sensations, such as catching a ball, a dog licking your skin, or feeling pain.
Read more HERE
VR tech will soon allow you to go on holiday while sat in your living room
Scientists in Italy have created an avatar system that will allow people to go on holiday abroad without leaving their living room.
iCub3 has developed wearable technology that will allow users to control digital avatars in the metaverse, and also digitally transporting people to favourite holiday destinations.
A robot can be sent to real-life locations and move around on the metaverse user’s behalf, exploring the destination in real-time, complete with crowds, noises, and physical interactions.
Read more HERE
Mark Zuckerberg gives insight into Meta’s future plans with trademark filings
Mark Zuckerberg has given away few details about what his metaverse will look like since first announcing his intentions to build a virtual space last October.
However, earlier this week he may have given the first real insight into exactly how broad his plans are.
Meta, formerly Facebook, filed eight trademark applications on Friday.
They include cryptocurrency tokens, wallets, and exchanges.
It suggests Zuckerberg has his eye on creating far bigger a metaverse than just a virtual platform, instead also looking to hold its own currency and operating system to trade money.
F1 team Alfa Romeo joins Everdome
F1 team Alfa Romeo partnering up with Everdome to enter the metaverse.
Exact plans remain unclear, but the race team is the first to join the digital space.
Everdome says its virtual world is “hyper-realistic”, offering a different experience to other platforms.
Read more HERE
Metaverse to be worth nearly $680billion in just eight years
The metaverse is set to be worth $678.8billion by 2030 according to new analysis.
Grand View Research believes the virtual space will surge in growth over the next eight years.
They further predict the metaverse could one day be worth more than $12trillion.
Read more HERE
