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Japanese Government Rewards Local Authorities With Non-Transferable NFTs

According to reports, the Japanese government is one of the first countries to use non-fungible tokens (NFTs) as a supplementary award to local authorities that excelled in a digitization competition.…

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Puma Launches Its First Metaverse Experience With NFT Shoes. Can It Compete Against Nike?

On September 7, Puma, one of the world’s leading sports brands, announced the launch of “Black Station,” its first interactive metaverse experience, during the New York Fashion Week. According to…

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Renault Inks Partnership With The Sandbox to Bring Automotive Experiences to the Metaverse

The Korean subsidiary of Renault, a historic brand in the automotive industry, is establishing a partnership with The Sandbox, an Ethereum-based metaverse platform, to enter the metaverse space. With this…

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Meta & Qualcomm to Develop Metaverse Geared Silicon to Be Used in Next Gen Headsets

Meta recently announced a partnership with mobile chip company Qualcomm to produce chips geared for the metaverse market. The agreement will allow Meta to use Qualcomm’s XR technology, designed for…

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Meta to Open 10 Metaverse Campuses as Part of $150 Million Immersive Learning Project

Meta, the metaverse-focused social media company, is helping universities get their own virtual reality campuses online. The company will be opening 10 virtual campuses as part of its Immersive Learning…

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Report: Chinese Metaverse Industry Raises $780 Million in Funding

The Chinese metaverse industry has reportedly raised about $780 million in funding and there are expectations this will grow to be a $5.8 trillion industry by 2030. So far there…

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