METAVERSE
The metaverse refers to a virtual universe or digital realm where people can interact with each other and the environment in real time, typically through virtual reality (VR), augmented reality (AR), or a combination of both. It is an immersive and interconnected space that leverages blockchain technology and other innovative technologies to create a decentralized and secure environment. In the metaverse, a shared value is created between the virtual space and the real world, and it allows for the establishment of new monetary and financial systems based on blockchain technology. This enables the secure management and verification of digital assets, identities, and transactions within the metaverse. By integrating blockchain, the metaverse provides transparency, trust, and the potential for the development of unique economic ecosystems and digital economies. The metaverse is often envisioned as a vast and evolving network of interconnected virtual worlds, applications, and experiences that can be accessed and experienced by individuals through various devices and platforms.
Facebook Sets up $50M Investment Fund for the Development of Metaverse
Social media giant Facebook announced a two-year grant of $50 million to strengthen the interpersonal connection between reality and virtual reality, consumer hardware and promotion of Metaverse products' development.
NFT will Become the Revenue Model of Metaverse,Co-founder of Tether William Quigley says
William Quigley, the co-founder of the stablecoin- Tether (USDT), said the business model would undergo radical changes in the future. The delivery of non-fungible tokens (NFTs) will become the revenue model of Metaverse and Crypto.
BSN Has Partnered with MetaverseSociety to Launch the South Korean BSN Portal Operator in November
BSNbase has partnered with the South Korean MetaverseSociety to launch the BSN portal operator in November, supporting Korean developers to quickly and efficiently build and operate blocks through its localized BSN platform Chain application.