Metaverse Magic; EU Unveils Metaverse Strategy
By Vishakha Thakur
The European Union has unveiled its metaverse strategy. Next, we travel to Asia… Hong Kong International Airport is all set to unveil its HKIA Metaverse. Moving on, Metaverse studio Karta has secured $1.1mn funding, while BMW Motorrad has launched metaverse platform MetaRide and finally, ‘the Magnificent Century’ tv series is set to be revitalized in the metaverse.
Well, there’s a lot going on in the metaverse space. So let’s dive deep into the world of metaverse.
Metaverse has the potential to transform our lives for good and countries are betting big on the virtual platform that offers immense potential. Countries such as South Korea and Dubai have already unveiled their metaverse strategies. Joining the bandwagon, the European Union has also adopted a Web 4.0 and the metaverse strategy
And now, let’s listen in to what Vishal Patil, the VP of WTSverse has to say about the factors that will lead to the growth or adoption of metaverse.
Well, metaverse is creating its magic everywhere and the aviation industry is no exception. Recently, Terminal 2 of Bangalore Airport was recreated in metaverse and now Hong Kong International Airport is entering metaverse.
Well, Gaming and the entire entertainment industry will soon be reshaped by metaverse. According to a recent report Metaverse in entertainment market size is projected to reach $221.7bn by 2031. The famous Turkish series, Magnificent Century, which is based on the reign of Ottoman Empire’s tenth sultan, Suleiman, is going to be revitalised in the metaverse.
And now, good news for all bike lovers. There’s an opportunity for all motorbike enthusiasts to embark on a virtual ride in the metaverse. BMW, the popular German automotive manufacturer has been the early adopter of metaverse and now, adding another feather to its cap, it is all set to transform the motorcycle industry with the help of metaverse.
A recent report by Dappradar says that amongst all the web3 investments, metaverse projects have succeeded in attracting 44% of 2023 web3 investments. Metaverse projects have managed to attract investments and now, in a funding round led by Game Tech Ventures, Metaverse studio Karta, which is based in London, has secured a $1.1 million investment from key players in the music, gaming and sports industry.
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