Metafluence | Blog

Metaverse is an ongoing, interoperable digital world with interactions, assets, experiences, and other things that overlap with real life. And since many people are currently interested in it, we compile the latest noteworthy Metaverse news in this blog series. So, find the summary of the most critical Metaverse news from the past week below.

The first draft of basic ethical standards that are essential for growing and participating in the Metaverse was recently made public by the Ministry of Science and ICT (MSIT) in South Korea. These values are vital for the growth of the Metaverse.

A complete sense of self-identity, worry-free happiness, and long-term financial security are the Science Ministry’s three priorities regarding those taking part in the Metaverse.

The ministry proposes eight principles to maintain while participating in the metaverse ecosystem to put these three values into practice. These principles are authenticity, autonomy, reciprocity, respect for privacy, fairness, data protection, inclusion, and responsibility.

Because Ball has established himself as one of the most powerful voices linked with the notion of the Metaverse and has made significant contributions to its understanding, the delegates at the SBC Summit in Barcelona are likely to find value in his ideas presented.

The likes of Tim Sweeney, founder and CEO of Epic Games, Kenichiro Yoshida, CEO of Sony, and Reed Hastings, co-Founder and co-CEO of Netflix, have all lauded his book “The Metaverse: And How it Will Revolutionize Everything.” The latter had hailed Ball’s work as “separating fact from fiction, hype from reality,” and a “foundational reading for anybody wishing to comprehend the Metaverse’s potential,” respectively.

Frida Kahlo’s family has made available the metaverse works of art and artifacts associated with the artist that have never been seen before. The event, which took place in Decentraland from August 24 to August 28 and was the third annual Metaverse Art Week, saw the first appearance of the content in a permanent display.

Users of Metaverse may now visit a digital duplicate of the “Red House” and view the artwork there, along with hearing personal experiences recounted by members of the artist’s immediate family. The Red House, owned by the family and located in Mexico City, serves as a model for this home, depicting the house’s real-life form.

Coforge, formerly known as NIIT Technologies, is an information technology business that recently announced the launch of its center of excellence (CoE) for the Metaverse and Web3.

The concept of the Metaverse refers to a collaborative, always-on digital environment, which may or may not make use of augmented or virtual reality at certain points. A possible progression of the Internet into its third phase is referred to as Web3. A decentralized internet powered by the distributed ledger technology known as the blockchain.

Whitespace, a digital company based in Northern Ireland, recently invited Matt Hancock MP, a former health secretary, into the Metaverse to discuss Web 3.0.

The event has been organized to address the ongoing discussion regarding the function of the Metaverse, a network of 3D virtual worlds, in the context of both the business world and society.

Ariva Wonderland is a metaverse project built on Ariva, a next-generation tourism and travel blockchain technology. ChangeNOW, a non-custodial cryptocurrency trading platform, has developed a location within Ariva Wonderland.

The Ariva metaverse creates what feels like an unlimited number of different trip experiences by combining virtual reality and the overarching concept of travel. ChangeNOW, a prominent cryptocurrency exchange and processing platform, keeps a close eye on innovation, which is why it participates in this cutting-edge, rapidly expanding metaverse initiative.

As part of its relationship with Imisi 3D and BlackRhino VR, Meta has announced that it is now accepting submissions for the AR/VR Africa Metathon.

According to the company, the AR/VR African Metathon is a series of programs and activities part of its global XR fund. These programs and activations are designed to support XR talents on the continent in their efforts to build innovative solutions demonstrating various use cases of the Metaverse.

On Wednesday, Seoul began the first stage of its metaverse project with a test run conducted behind closed doors.

During the trial run, users can participate in various interactive activities and games within a virtually reconstructed version of Seoul City Hall and the Seoul Plaza.

The city states that this will help reduce apprehensions of feeling uncomfortable speaking to a possible mentor in person. It also has a virtual counseling room for adolescents, where they may meet and discuss their worries with mentors in the metaverse.

During a performance at the MTV Video Music Awards on Sunday, Twitter fans were not feeling Eminem and Snoop Dogg’s transformation into animated apes while they shared a comically big joint and smoked it together.

During the act, the two were seen “smoking” a large joint before being digitally transported into a psychedelic rollercoaster similar to those found in video games.

Reddit has made an announcement that it would be providing “top community builders” with free non-fungible tokens (NFTs) in recognition of their efforts to the communities in which they participate on Reddit. Redditors who meet the requirements will have the opportunity to select their collectible avatar from among four brand-new design categories.

There are now four kinds of free NFTs: Aww Friends, Drip Squad, Meme Team, and The Singularity NFTs. These non-fungible tokens are also available for purchase in the OpenSea NFT marketplace; the Singularity collection can be purchased for little more than $15, while Drip Squad collectibles can be purchased for more than $42.

A new web series called The R3al Metaverse features characters modeled by avatars who have appeared in notable NFT projects, such as the Bored Ape Yacht Club.

The narrative may be co-created by the audience through the use of interactive elements if they purchase a producer pass for the game, and their NFT characters may also make cameo appearances.

In preparation for the Las Vegas Grand Prix, scheduled to take place in November 2023, Formula One (F1) has filed trademarks to establish a presence in the non-fungible tokens (NFTs) and metaverse spaces.

The business submitted two trademark applications to the United States Patent and Trademark Office (USPTO) on August 23 for the circuit in question.

Michael Kondoudis, a licensed trademark attorney, revealed the filing in a tweet on August 29. It will cover various topics, including virtual clothing and sports gear, currency trading, virtual currency services, non-fungible tokens (NFTs), cryptocurrencies, insurance and financial services, and virtual clothing and sports gear.

One of the largest telecommunications companies in South Korea, LGU+, plans to issue a fresh batch of non-fungible tokens (NFTs) the following month as part of its expansion into the cryptocurrency and blockchain industries.

According to Money Today and Chosun Ilbo, the company that is a part of the LG corporate empire will produce a new collection that will include its Moono cartoon mascot, similar to an octopus. When it was made available on the OpenSea platform via the Klaytn blockchain that Kakao established, the company’s inaugural collection, produced in May, sold out in only two seconds.