Casio has launched an NFT series with eight digital art pieces that have been created in partnership with Astar zkEVM. Banking on Japan’s gaming culture, Casio’s NFTs will be made available on Astar’s Yogi Origin game.

The Academy of Blockchain and AI Innovation (ABAII) was recently launched in Vietnam to educate tech students on the potential use cases of blockchain and AI in sectors like banking, data analysis, as well as digital economy and finance. Vietnam is ramping up efforts to join other Asian nations like India, Japan, China, and South Korea in exploring the distributed led...

IIT Madras is taking efforts to list rules that could potentially oversee the metaverse sector. The committee will address the technical and ethical shortcomings to make the industrial uses of this digital technology safer and more advanced.

The BWA, in a recent announcement, listed some immediate steps that the upcoming government could consider aiming to grow the blockchain-based sector. Providing escrow accounts and banking services for owners of Web3 businesses, allowing offsetting of losses, and reducing the one percent TDS tax law to 0.01 percent are among suggestions given by the BWA.

Indian metaverse research and advisory firm Metaverse911 has launched its Metaverse Experience Centre in Noida. Here visitors will be able to indulge in immersive technologies that include AR and VR that make for essential metaverse components.

Samsung has announced a partnership with metaverse game Wilder World. In Samsung’s next sale of exclusive Web3 TV bundles, fifteen select buyers will get Wilder World NFTs as rewards. Through this, the metaverse game expects to add new players from Samsung’s vast user base.

Meta managed to reel-in $134.9 billion in the year of 2023. On a yearly basis, Meta’s revenue spiked by 16 percent. It is, however, interesting that Meta’s Reality Labs unit has only seen losses since 2021.

Chaina aims to equip cross-border transactions related to its Belt and Road Initiative (BRI) with blockchain capabilities. To do so, the Chinese government has launched the ‘Ultra-Large Scale Blockchain Infrastructure Platform for the Belt and Road Initiative’ in a fresh development.

Venture firms Immutable and King River Capital along with blockchain firm, the Polygon Labs have set up a $100 million (roughly Rs. 83 crores) fund called the Inevitable Games Fund (IGF).

An estimated 92 percent of manufacturing firms in the US are exploring ways to add a metaverse twist to their existing business operations, the WEF has said in its recent report. The industrial metaverse is projected to be a $100 billion (roughly Rs. 8,29,018 crore) market globally by 2030, the report predicts.

Dilip Chenoy, the chief of the Bharat Web3 Association (BWA) has predicted better, in fact glowing days for India’s retail industry with metaverse technology now seeping-into the nation’s tech sector.

Nokia is working to make its services and equipment capable of handling the coming times when Web3, Metaverse and Artificial Intelligence will take centre stage and demand more network. By 2030, Nokia estimates, the network demand is likely to increase between 22 percent to 25 percent.

A report by Spherical Insights estimates the metaverse healthcare sector to boom to a nearly $500 billion market by the year of 2033. Built atop blockchain networks, metaverse ecosystems are fully functional virtual environments for people to work together and socialise in as digital avatars.

Devendra Fadnavis, the deputy chief minister of Maharashtra, has unveiled the ‘Mumbai Metropolis Metaverse’. The portal not only lets visitors navigate through the financial capital of the country, but also lets them indulge in games which include activities such as designing the city.

QX Lab AI, based in the UAE, is exploring the use cases of its hybrid GenAI technology, which includes investigating its integration with Web3. In conversation with Gadgets360, Tathagat Prakash, a Co-Founder of QX Lab AI called this Web3 exploration with AI ‘very exciting’. Prakash is the chief scientist behind Ask Qx.

Victoria VR, a firm that works on projects related to web3 and virtual reality is developing this app for the Vision Pro – which is looking to integrate Apple’s inhouse technology with its own and offer life-like gaming experience to gamers.

Advertising giant Publicis Groupe SA made an unusual executive hire in mid-2022 - a lion-headed digital avatar named Leon who would serve as "chief metaverse officer," guiding clients through the virtual realm that had seized real-world attention.

Meta is trying to integrate the metaverse tech into the social networking and virtual reality paradigms to make online experiences more immersive. The Mark Zuckerberg-owned company has reportedly reached out to TRAI asking for the creation of regulatory sandboxes to bridge the regulatory gaps and develop a nurturing policy work for the growth of technologies like AI a...

China is planning to conduct thorough research around the potential applications and possibilities of manufacturing and communicating using the metaverse. This shift in the country’s focus comes after its Ministry of Industry and Information Technology (MIIT) unveiled an ambitious three-year action plan for the industrial innovation and development of the metaverse ...

Visa has announced a new Web3 loyalty service to assist brands experiment with Web3 elements like NFTs, metaverse, and cryptocurrencies. The fintech firm has collaborated with SmartMedia Technologies – which is an end-to-end Web2-to-Web3 platform -- to bring this Web3 programme to life.

Police in the UK are investigating the first case of an alleged rape in a virtual reality game after a 16-year-old girl was "sexually attacked" in the online "metaverse".

The Sandbox is looking to make India its largest market in the next two years. As per The Sandbox authorities, the aim is to build a diverse and inclusive world with no borders, bringing different regions of the world together.

International banks are excited to use the metaverse technology to provide in-office training in an immersive virtual reality ecosystem. Along with JP Morgan, Citi Bank is also running a virtual reality internship experience. This lets the trainers provide feedback in real time.

The WEF has named South Korea’s Seoul, UAE’ Dubai, and the US’ Santa Monica as the leading cities of the international metaverse sector. Listing the benefits of cities exploring the metaverse, WEF said this virtual world ecosystem brings along cost savings related to the design, operation, and maintenance of urban infrastructure.