Metaverse Tokens Surge Amid $11bn Market Cap
By Vishakha Thakur
The recent wave of optimism sweeping across the entire web3 sector is catching the attention of metaverse enthusiasts. With a renewed sense of enthusiasm in crypto markets….metaverse tokens are witnessing impressive gains. Currently, the metaverse market holds a cumulative capitalization of $11.9 billion, and over the past week, we have seen a shift to positive growth. Metaverse tokens have surged, with Floki Inu rising by up to 31%, Decentraland’s MANA up over 11%, Sandbox’s SAND up to 13%, while other tokens such as Axie Infinity’s AXS and Illuvium’s ILV showed notable gains in the past seven days.
And now let’s delve into recent updates from the metaverse sector.
Education sector is one of the sectors that has always remained at the centre stage of revolution with the advent of metaverse technology. Well, the creators are utilising the opportunity… with Mark Zuckerberg taking the lead. Zuckerberg’s Meta has partnered with some of the universities in the United States and United Kingdom to test its Virtual Reality product designed specifically for the education industry. Some of the universities include
Arizona State University, Houston Community College, Imperial College London, Miami Dade College, Morehouse College, New Mexico State University etc.
As per Meta, the company aims to make it easier for educators to discover interactive and engaging content, spanning subjects such as science, medicine, history, and language arts.
With a launch expected soon, the universities will test the prototypes ahead of the launch.
Well, one of the colleges from the list is Houston Community college, and the management is already eyeing metaverse and its technologies to help students learn better with immersive technologies. All students will be able to check out VR headsets in all campus labs and libraries…. Infact, Virtual reality will be integrated in every single program they offer.
Well, using Meta’s prototype acts as a win-win situation for both.
And now an interesting update for you all….!!
HUGO, a Germany-based luxury fashion brand has unveiled its latest collaboration with South African footwear brand Flowers For Society.
All HUGO fans can explore its immersive experience on Roblox and try out the durable sneakers through hands-on activities like climbing challenges and unlock exclusive pieces that are available for all Roblox players. Interestingly, the game will also feature a vibrant flower shop set in HUGO’s signature crimson red theme.
Metaverse Group, one of the world’s leading metaverse landholders and builders, has announced its acquisition of Pavia, a decentralised virtual cross-chain world.
As part of this acquisition, Metaverse Group will not only take ownership of the Pavia Metaverse but its Metaverse-as-a-Service infrastructure too which helps individuals and enterprises to create their own virtual worlds. Clearly, the metaverse group plans to expand its virtual infrastructure offerings by enhancing its enterprise capabilities, and solidifying its leadership in the metaverse space.
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