Metaverse | Web3 | GameFi
Your source for Metaverse | Web3 | GameFi news, analysis & culture. In 5 years you'll be wishing you paid more attention to this page. 🔗 @AaronWithCrypto
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📣 Alibaba's E-Commerce Platform Braces For Its Metaverse Debut
Alibaba Group Holding Limited's (NYSE: BABA) e-commerce platform Taobao conducted final tests before making its first metaverse live-streaming product debut. Taobao has frequently released products related to the metaverse since the start of 2022.
Alibaba's metaverse project will likely launch online around the upcoming New Year's shopping extravaganza, Coingape reports. Taobao and Diantao, another of Alibaba's live-streaming e-commerce apps, collaborated to create TaoLive City during the Double 11 Shopping Festival last month. TaoLive City is a virtual environment jointly developed by Alibaba's live-streaming e-commerce apps.
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📣 Samsung Targets Latin American Market Through Metaverse Initiatives
According to Samsung’s recent announcement, the company is investing more than $35 million in metaverse initiatives targeted at the Latin American market. The move is part of the company’s ongoing effort to enhance its digital presence and interact.
Samsung is always the first to provide a hand when it comes to funding research and development of new technologies. On the other hand, there are places where individuals can have experiences that would be impossible in the real world. Samsung has joined the ranks of many corporations adopting Metaverse, which includes Sony, Microsoft (NASDAQ: MSFT ), and others.
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📣 Digital real estate is gaining popularity as brands look to enter the metaverse
The rise of metaverse technologies has created an increasing interest in virtual real estate, a report by research firm Technavio revealed. The metaverse real estate market is projected to grow by US$5.37 billion from 2021 to 2026.
some companies are taking advantage of the opportunity to help organizations with their journey into the metaverse. For example, London-based Crypto House Capital, a virtual real estate firm, is currently building the first MetaReal residential skyscraper in the metaverse, along with developing spaces for brands looking to enter the metaverse.
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