Metaverse

Indonesia has made a significant move towards becoming a major player in the global metaverse industry with the launch of its Indonesia Metaverse Collaboration Initiative on 1 March 2023, in conjunction with the Mobile World Congress 2023 in Barcelona.

Neopets Metaverse has on Thursday announced the successful closing of its latest investment round, where it raised $4 million in funding. This round saw participation from industry leaders in the gaming and blockchain sectors, including Polygon Ventures, Blizzard Avalanche Ecosystem Fund, Hashkey Capital, IDG Capital, and gaming giant, NetDragon Websoft.

The Sandbox, a decentralized gaming virtual world and subsidiary of Animoca Brands, has on Monday launched the Lunar New Year Event to celebrate a creative and cultural moment in the metaverse as it is entering the year of the Rabbit, symbol of longevity, peace, and prosperity in Chinese culture.

There is a shift in business mindset and adaptation toward using virtual reality for purposes other than gaming, such as creating, exploring, identifying, expressing, collaborating, and socializing.

Tencent Cloud, the cloud business of China-based technology company Tencent, has on Monday announced its collaboration with Nexon Co., Ltd., a global video game publisher, in powering up the launch of its metaverse platform NEXONTOWN.

Animoca Brands, the Hong Kong-based company advancing digital property rights for gaming and the open metaverse, and its subsidiary TinyTap, the platform for user-generated educational games, announced Tuesday that the second series of teacher-authored Publisher non-fungible tokens (NFTs) will be auctioned on OpenSea starting at 19:00 (EST) on 15 December.

Animoca Brands Corporation Limited, the Hong Kong-based company advancing digital property rights for gaming and the open metaverse, has taken a majority stake in Pixelynx, Inc. through its controlled subsidiary. Both parties will focus on developing new formats of music consumption that can be scaled across the metaverse to unlock new revenue…

SK Telecom (SKT) has on Tuesday announced that it had signed a memorandum of understanding (MOU) with Singapore-based communications technology group Singtel, to jointly grow the metaverse business in countries where the group operates in, starting with Singapore.

The Sandbox, a Hong Kong-based decentralized metaverse and a subsidiary of Animoca Brands, has on Tuesday announced the sale of over 1,900 LAND parcels, where future LAND owners will truly own and be neighbors with a selection of 14 brands and celebrities, starting November 24.

Datasonic Group Berhad, a Malaysia-based ICT solutions provider, has entered into a memorandum of understanding (MOU) with Meta Doers World Holding Berhad (Meta Doers) to form a strategic partnership through incorporation of a joint venture company to explore the business opportunities related to metaverse in Malaysia and ASEAN countries.