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Metaverse to possibly create $5T in value by 2030: McKinsey report

While the 2022 bear market grazed off the excitement around the budding crypto sub-ecosystems such as nonfungible tokens (NFTs), the Metaverse remains well-positioned for long-term disruption. Considering the myriad consumer and business-centric use cases the metaverse could cater to, a McKinsey & Company report highlights the technology’s potential to generate

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CME Group to launch 3 metaverse reference rates

Derivatives marketplace CME Group is planning to launch reference rates and real-time indices for three metaverse crypto assets, allowing investors to track pricing data more reliably using a methodology commonly used in traditional finance. Beginning Jan. 30, CME Group and CF Benchmarks will launch reference rates for Axie Infinity (AXS), Chiliz

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Oorbit Partners with LG Electronics to Bring Metaverse Games to Smart TVs

With the metaverse gaining immense momentum through NFTs and blockchain technology, LG and Oorbit are poised to disrupt the industry significantly.Oorbit, a 3D cloud-based technology platform, has announced a strategic partnership with LG Electronics to bring immersive gaming to smart TVs. Through the partnership, LG and Oorbit users can access

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Ixana Announces Developer Kit for Wi-R, a Wireless Tech That Could Help Power the Metaverse

Well, not the body exactly, but the electromagnetic field surrounding it. Ixana’s technology, called Wi-R, makes use of the body’s natural ability as a conductor. A device either held or worn can transmit data over this field incredibly efficiently — Ixana claims it uses a hundredth of energy typically used

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Car Manufacturer Maruti Suzuki Launches Metaverse Showroom Experience in India – Metaverse Bitcoin News

Maruti Suzuki, one of the biggest car manufacturers in India, has announced that it is taking its customer retail experience to the metaverse. The company announced on Jan. 1, it would launch a VR (virtual reality) network for its Arena showroom series, allowing its users to experience the Maruti Suzuki

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Trademarks filed for NFTs, metaverse and cryptocurrencies soar to new levels in 2022

The number of companies filing trademarks for nonfungible tokens (NFTs), metaverse-related virtual goods and services, and cryptocurrencies has grown rapidly in 2022. According to data compiled by licensed trademark attorney Mike Kondoudis, the number of trademark applications filed for digital currencies, as well as their related goods and services, has reached 4,708

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