Metaverse Magic Ep- 27;Global Updates on Metaverse
By Vishakha Thakur
The potential of metaverse in sectors such as education, gaming, entertainment, wellness, and commerce can already be seen. With the rise of metaverse technologies, additional economic opportunities will emerge. According to Global Metaverse Market Intelligence Report 2023, metaverse market is likely to expand by 44.8% to reach $205.3 bn this year itself.
Against this optimistic backdrop, let’s listen in to what Ritika Kumar, Co-founder and CEO of STEM Metaverse has to say about opportunities in this highly technology driven space.
And now, let’s take a look at the important events that made headlines.
Binance is launching “Build The Block”, a new worldwide digital series in which Web3 startups will compete to secure finance for the top project from the Binance Labs. Build The Block is the first show format of its kind, and it will be presented by Asia’s Got Talent host Justin Bratton.
Well, metaverse provides various opportunities which is the reason why companies are betting big on it. Now you can also shop for a real-life product inside a video game. Yes, Amazon’s new “Amazon Anywhere” shopping experience allows you to buy real-world things while playing games or exploring virtual environments.
Starburst, a candy brand, has debuted its Juicyverse experience within TheMall, a metaverse mall accessible via any web-enabled device. The Starburst Juicyverse uses the MetaVRse Engine 2.0, which allows users to login from any device via a web browser to tour the virtual mall. Mars-Wrigley is the first major brand partner, having introduced the Starburst Juicyverse on the mall’s second floor. The Juicyverse has a virtual Starburst store, which customers can access by scanning a QR code.
This digital bash created in collaboration with America’s top beauty retailer is set to be the virtual event of the year. Participants are encouraged to dress up their avatars and stock their virtual beauty bags at the Urban Decay pop-up shop.
Well, Roblox is a global immersive platform where millions of players of all ages connect and chat on a daily basis. The company’s quarterly sales topped $655 million, while daily active players reached an all-time high. Following the announcement, the company’s stock rose more than 7% to over $39 per share.
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