Tag: metaverse
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Metaverse ecosystem market to hit $2t by 2030
The value of metaverse-related market activity could hit $2 trillion in global revenues by 2030, but there is a risk of developers missing out on lucrative opportunities if the ecosystem fails to implement standards, encourage interoperability and educate consumers. This is according to a new report from analyst company ABI Research. Speaking on the findings,…
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Dubai Launches ‘Metaverse Strategy’ to Boost Economy in 5 years
This week, Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum announced a new “metaverse strategy” that he says will create 40,000 new virtual jobs and add $4 billion to the city’s GDP in five years, according to a Monday tweet. “The strategy emphasises fostering talent and investing in future capabilities by providing the…
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Manchester City to Build Etihad Stadium in the Metaverse
Premier League champions Manchester City plans to build a replica of the Etihad Stadium in the Metaverse. According to reports, the sports team will build the project in conjunction with the Sony Corporation over a three-year deal. The project will give remote stadium access to the club’s fans. Manchester City Eyes the Metaverse On February…
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Facebook to Rebrand with a New Name
Facebook is planning to change its company name next week to reflect its focus on building the metaverse, according to a source with direct knowledge of the matter. The coming name change, which CEO Mark Zuckerberg plans to talk about at the company’s annual Connect conference on October 28th, but could unveil sooner, is meant…