metaversenews
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The metaverse community is opening up to positive news in 2023 as the Seoul Metropolitan Government launches its first public metaverse project.
#crypto2023 #cryptoonindia #japan #Metaverse #metaversenews
#crypto2023 #cryptoonindia #japan #Metaverse #metaversenews
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Fujitsu and Mitsubishi look to create Japanese ‘metaverse economic zone’.
#Fujitsu #Mitsubishi #Metaverse #metaversenews #japan
#Fujitsu #Mitsubishi #Metaverse #metaversenews #japan
#Tencent Will Provide #Metaverse Building Services To Asian Markets.
The company revealed that it will revamp its media offering with its new "metaverse-in-a-box" proposal, which aims to make it easier for third-party companies to build #virtual worlds.
#metaversenews #Web3
The company revealed that it will revamp its media offering with its new "metaverse-in-a-box" proposal, which aims to make it easier for third-party companies to build #virtual worlds.
#metaversenews #Web3
Disney Shuts Down Metaverse Unit To Focus On Core Business
Popular family entertainment giant Disney is redirecting its efforts away from Web3 as part of a restructuring plan. The plan includes shutting down its metaverse unit as well as slashing operational costs by $5.5 billion!
The decision came after consulting with McKinsey & Company. The media company approached McKinsey & Co. for help because of the unfavorable market conditions and increased competition in streaming services.
Following the consultation, it decided to change direction, cut expenses, and reduce headcount.
Wall Street Journal (WSJ) stated that all the department’s team members (about 50) will be let go except Mark White. Mark was the division head and also led the consumer products unit. Although, it’s still not clear what his next role in the company will be.
In addition to this first round of layoffs, Disney is also retrenching 7,000 staff over the next two months. Those affected are mostly in its retail, cruise line, and theme park divisions.
On December 28, 2021, Disney patented a “virtual-world simulator” to deliver high-tech augmented reality (AR) for its Disney theme parks. It also talked about blending metaverse with sports betting, but that’s as far as the idea got.
Under Bob Chapek’s leadership, it created the metaverse division naming Mark White the SVP of Next Generation Storytelling and Consumer Experiences. After that, it created NFTs in September 2022 and indicated an interest in hiring an attorney experienced with “emerging technologies, NFTs, and decentralized finance’’.
Moving forward, Disney is unsure of its place in the Web3 world and has been silent on its future plans in that regard. Its priority at the moment is the newly established business – Media and Entertainment Distribution. The Media and Entertainment Distribution will oversee its streaming services, including ESPN+, Disney+, and Hulu.
While we hate to see them pull the plug on the metaverse project, this is part of a bigger strategy. It will help the brand focus on its content which is why families love them in the first place.
#Metaverse #metaversenews #blockchain #disney #nftcommunity
The decision came after consulting with McKinsey & Company. The media company approached McKinsey & Co. for help because of the unfavorable market conditions and increased competition in streaming services.
Following the consultation, it decided to change direction, cut expenses, and reduce headcount.
Wall Street Journal (WSJ) stated that all the department’s team members (about 50) will be let go except Mark White. Mark was the division head and also led the consumer products unit. Although, it’s still not clear what his next role in the company will be.
In addition to this first round of layoffs, Disney is also retrenching 7,000 staff over the next two months. Those affected are mostly in its retail, cruise line, and theme park divisions.
On December 28, 2021, Disney patented a “virtual-world simulator” to deliver high-tech augmented reality (AR) for its Disney theme parks. It also talked about blending metaverse with sports betting, but that’s as far as the idea got.
Under Bob Chapek’s leadership, it created the metaverse division naming Mark White the SVP of Next Generation Storytelling and Consumer Experiences. After that, it created NFTs in September 2022 and indicated an interest in hiring an attorney experienced with “emerging technologies, NFTs, and decentralized finance’’.
Moving forward, Disney is unsure of its place in the Web3 world and has been silent on its future plans in that regard. Its priority at the moment is the newly established business – Media and Entertainment Distribution. The Media and Entertainment Distribution will oversee its streaming services, including ESPN+, Disney+, and Hulu.
While we hate to see them pull the plug on the metaverse project, this is part of a bigger strategy. It will help the brand focus on its content which is why families love them in the first place.
#Metaverse #metaversenews #blockchain #disney #nftcommunity
MetaMinds Group CEO Sandra Helou is right to point out that the lack of a proper business model is one of the main reasons for the failure of metaverse projects. The metaverse is a constantly evolving virtual space, and companies that want to succeed in this space need to have a clear vision of how they are going to generate revenue.
There are several ways to generate income in the metaverse. Companies can charge users for access, virtual goods, services or advertising. However, it is important to find a business model that is sustainable and fits the company's vision for the metaverse.
Some examples of successful business models in the metaverse include:
🔸Access: Some companies charge users a monthly subscription to access the metaverse. This is a common business model for gaming and entertainment platforms.
🔸Virtual Goods: Businesses can sell virtual goods, such as clothing, accessories, and properties, to users. This is a common business model for games and fashion platforms.
🔸Services: Companies can offer services to users, such as education, healthcare, or financial services. This is a common business model for enterprise platforms.
🔸Advertising: Companies can sell advertising space in the metaverse. This is a common business model for entertainment platforms and social media platforms.
It is important to note that the metaverse is still in its early stages of development, and business models that are successful today may not be successful tomorrow. Companies that want to succeed in the metaverse need to be flexible and willing to adapt to changes.
Source: Cointelegraph
#Metaverse #metaversenews
There are several ways to generate income in the metaverse. Companies can charge users for access, virtual goods, services or advertising. However, it is important to find a business model that is sustainable and fits the company's vision for the metaverse.
Some examples of successful business models in the metaverse include:
🔸Access: Some companies charge users a monthly subscription to access the metaverse. This is a common business model for gaming and entertainment platforms.
🔸Virtual Goods: Businesses can sell virtual goods, such as clothing, accessories, and properties, to users. This is a common business model for games and fashion platforms.
🔸Services: Companies can offer services to users, such as education, healthcare, or financial services. This is a common business model for enterprise platforms.
🔸Advertising: Companies can sell advertising space in the metaverse. This is a common business model for entertainment platforms and social media platforms.
It is important to note that the metaverse is still in its early stages of development, and business models that are successful today may not be successful tomorrow. Companies that want to succeed in the metaverse need to be flexible and willing to adapt to changes.
Source: Cointelegraph
#Metaverse #metaversenews
Hong Kong Police launched a new metaverse platform Named, 'CyberDefender'!
The cybersecurity unit of the Hong Kong Police has launched a new metaverse platform called CyberDefender, the platform is designed to educate the public about the potential dangers associated with Web3 and the metaverse.
#keepposting #metaversenews #binancepizza #feedfeverchallenge
The cybersecurity unit of the Hong Kong Police has launched a new metaverse platform called CyberDefender, the platform is designed to educate the public about the potential dangers associated with Web3 and the metaverse.
#keepposting #metaversenews #binancepizza #feedfeverchallenge
e.l.f. Cosmetics and e.l.f. SKIN have launched a new one-of-a-kind experience, e.l.f. UP!, on Roblox.
JUST IN: 🇨🇳 The capital city of Jiangsu province, Nanjing, has just launched a government-backed metaverse platform.
The China Metaverse Technology and Application Innovation Platform aims to drive development in this booming sector nationwide.
#binancepizza #googleai #feedfeverchallenge #china #metaversenews
The China Metaverse Technology and Application Innovation Platform aims to drive development in this booming sector nationwide.
#binancepizza #googleai #feedfeverchallenge #china #metaversenews
