Discover more from AIXR's Weekly Metaverse Business Brief
Is Your Nation Metaverse Ready? Arcturus Raise $11 Million & Tuvalu's Digital Twin
McKinsey Report Damning on Diversity. Fresh data from the group suggests that while women are more active in the metaverse than men, and rank higher as metaverse 'power users', female leadership is a scarcity. 90% of leadership roles in metaverse standard shaping organisations were considered to be held by men.
Metaverse-Ready Nations Identified. A study by USwitch has determined that the Netherlands is leading the way in metaverse readiness, with the lowest performer identified as Greece. Metaverse 'readiness' was determined by broadband availability, active blockchain startups, technology exports and annual google searches.
Is Metaverse the 2022 Word of the Year? The word 'Metaverse' has been announced as a finalist in the world renowned Oxford English Dictionary 'Word of the Year' competition. Expected to go up against the terms 'Goblin Mode' and '#IStandWith', usage of the word quadrupled in October 2022 compared to the same period in 2021.
Metaverse Could Provide $1.4 Trillion Asian GDP Boost. A report by Deloitte has suggested that the metaverse contribution to the GDP of Asia could reach a figure of between $800 billion and $1.4 trillion per year by 2035. The youthful demographic makeup of Asia, alongside a healthy population of mobile gamers, have been cited as the reasons for these vast sums.
Arcturus Raise $11 Million in Series A Funding. The funding, led by Cloudtree Ventures, is a further boost to the volumetric video market. Arcturus plan to use the investment to continue development of their flagship HoloSuite platform, and fund research.
University of Wollongong Awarded $400k for Green Metaverse. Professor Willy Susilo will use the grant from the Australian Research Centre to pursue research into the development of sustainable, energy efficient metaverse tech that could set Australia apart in this new digital economy.
Thirdverse Take $15 Million to Accelerate Growth. The Japanese VR and Web3 Game Development firm have secured the funding to continue development of new titles, and boost global creator recruitment.
Keep an eye on
Tuvalu Aim to Create Digital Twin. The Pacific Island nation, at heightened risk of disappearing underwater due to climate change, is aiming to raise awareness of this inevitability by becoming the first digitised nation in the metaverse.
Johnnie Walker Launch NFT Project. The globally renowned whisky brand have announced a collaborative project with music label 88Rising, with NFT holders given the chance to take part in the design of a special edition bottle.
The SandBox Begin Land Sales. Launching across three waves starting in November, the virtual gaming world is giving the public a chance to own metaverse property next to big name celebrities and brands like Snoop Dogg, Tony Hawk, and Time Magazine.
Macy's Thanksgiving Parade Enters the Metaverse. Alongside a brand new parade metaverse experience, Macy's have launched a competition between five NFT projects that will see the winner flown as a balloon at the 2023 Thanksgiving parade.
Events to be at
Nov 28 - Dec 02 Rotterdam | Immersive Tech Week
Dec 01 Rotterdam | The 6th International VR Awards
Our best wishes for a productive day. Please send any news, comments, and your Thanksgiving leftovers to email@example.com.
November 28 2022 Edition