Top consumer brands and deep-pocketed investors are staking a claim to the next phase of the internet.
The growing hype is quickly drawing institutional investors to the virtual space.
In addition to The Sandbox, other platforms like Decentraland, Somnium Space, and Cryptovoxels also offer plots of digital land that can be used to build virtual experiences. JP Morgan, which recently said"the opportunities presented by interactive, digital worlds seem limitless," purchased virtual real estate in Decentraland.
That's one strategy that Prager Metis, a large accounting firm, is looking to deploy. Prager Metis recently purchased virtual real estate in Decentraland and is in the process of opening a three-story digital building that will serve as its metaverse headquarters. Founder Rosedale said Second Life has an economy of $650 million a year, but the average transaction is $2. That"gives you an indication of what we're going to see in the long-term as to the value of virtual goods," he said.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
May movie preview: Doctor Strange, Top Gun, Downton Abbey and a brand new Chip 'n Dale“Top Gun: Maverick” is finally (finally!) soaring into theaters after the pandemic pushed back its release by nearly two years. Plus Benedict Cumberbatch’s Doctor Strange will be doing some soaring of his own in the highly-anticipated “Doctor Strange in the Multiverse of Madness.” Here’s what’s headed your way, cinematically speaking, in May 2022.
Read more »
Top 10 restaurants in San AntonioFrom Bliss and Bohanan’s to Pearl newcomer Mon Chou Chou, Mike Sutter ranks the top restaurants in San Antonio.
Read more »
How to Crush Rock Creek Park From Top to Bottom In One DayFor her book A Year in Rock Creek Park, Washington writer Melanie Choukas-Bradley spent hundreds of hours walking (and skiing) every nook and cranny of the park. Our challenge for her: Cram its highlights into a single hike on a single day. Here’s the path we followed—all seven miles—in pocket-guide format so you can take
Read more »
Putin's top ally issues veiled criticism of Russia's attack on UkraineOne of Putin’s closed international allies, Belarusian President Alexander Lukashenko, issued a veiled criticism to the Russian President, saying he feels the Ukraine “operation” has “dragged on.” Read more:
Read more »
Our post-spring practice top-25 football rankings: Alabama on top as three Pac-12 teams make the cutThree Pac-12 teams made the cut (Utah, USC and Oregon), while two more received serious consideration.
Read more »
Best Fits For Top 3 Remaining NFL Free Agents - The Draft NetworkWhat are the best fits for the NFL's top 3 remaining free agents? JustinM_NFL breaks it down. FrontOffice33 | ForTheShoe | RamsHouse | Browns
Read more »