Metaverse Magic Ep- 26 Global Updates On Metaverse
By Vishakha Thakur
The worldwide metaverse ecosystem is expanding at a brisk pace as interest in developing technology grows. The consequent investment in the area is propelling industrial growth, and the trend is projected to continue in the short to medium term. Companies are projected to invest billions of dollars in creation of metaverse infrastructure. With all of this happening in the world of metaverse, it’s gaining traction with every passing day. Symbiosis Institute of Business Management Pune, has partnered with Swansea University in the United Kingdom to host the third edition of an online seminar series titled “The Digital Future for Business & Society.” The current installment of the series is themed “Emerging Perspectives on the Metaverse.” In April, the fifth seminar in the series took place, with notable thought leaders giving their perspectives on the theme of ‘Unlocking the Metaverse in Manufacturing and Operations Management.’ As industry experts believe, metaverse has huge potential in the education sector, many educational institutions have come forward to embrace metaverse. Well, brands too have joined the bandwagon.
UK shoe retailer Clarks is returning to the metaverse for a virtual concert with acclaimed Afrobeats artists. Fireboy DML, vocalist Nissi, and Cape Verdean American singer-songwriter June Freedom will perform at the ‘Beyond Worlds’ show. The universes showcase each artist’s distinct hobbies and personality. In addition to their well-known hits, each of them will perform a new, previously unheard song. The 30-minute concert will be broadcast on Fireboy DML’s YouTube account on May 18th. Clarks initially appeared in the metaverse in May 2022, in cooperation with the online game platform Roblox, where players may connect, compete, and access special content.
And now, an interesting update on the partnership of Alibaba cloud and Avalanche.
Alibaba Cloud, Alibaba Group’s digital technology and intelligence backbone, has established a cooperation with the layer-1 blockchain Avalanche. The agreement will result in the creation of a launchpad called Cloudverse for Alibaba clients. Businesses can use Cloudverse to quickly deploy metaverses on the Avalanche blockchain. Avalanche will supply the technology for creating the metaverse places, while Alibaba Cloud will provide the computing and storage. This is Alibaba’s second collaboration with a blockchain network in less than a month, following its arrangement with Mysten Labs, the creators of the Sui Layer. The Cloudverse launchpad is intended to provide an end-to-end platform for businesses to customize and maintain metaverse environments in order to experiment with new ways of engaging consumers.
You need to login in order to Like
