Metaverse

Metaverse

Policy

Davos Day 3 Shows Conflicting Visions for the Metaverse, CBDCs

Whether it’s jumping between virtual worlds or trading state-backed virtual currencies, common standards for digital economies are still hotly contested in global forums.

A panel on central bank digital currencies at the 2023 World Economic Forum in Davos, Switzerland. (Sandali Handagama/CoinDesk)

Videos

IBM Executive on Enterprise Use Cases of NFTs and Metaverse

IBM has a number of patents on NFTs. Shyam Nagarajan, IBM Consulting Executive Partner, Blockchain, Web3.0, Metaverse and Sustainability, discusses the future of the technology, saying, "it's going to be for enterprise use cases," naming healthcare records as an example. Plus, Nagarajan discusses IBM's metaverse strategy.

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Web3

South Korea Launches Metaverse Replica of Seoul

As part of a three-year effort to expand its public services, Metaverse Seoul will allow users to take their avatars to tax offices, access youth counseling and read e-books.

Metaverse Seoul (opengov.seoul.go.kr)

Videos

IBM Executive on the Future of Web3

Shyam Nagarajan, IBM Consulting Executive Partner, Blockchain, Web3.0, Metaverse and Sustainability, discusses the future of enterprise blockchain, CBDCs, and Web3 at the annual World Economic Forum in Davos, Switzerland. Plus, IBM's sustainability efforts and insights into discontinuing blockchain-enabled shipping solution TradeLens.

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Videos

Accenture Executive on the Future of the Metaverse

Accenture Senior Managing Director David Treat discusses his outlook on building businesses in the metaverse, saying, "the key step is that we have incredible portability" of digital assets. Plus, he previews his discussion at the World Economic Forum in Davos, Switzerland.

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Videos

Accenture Executive on Building in the Metaverse

Despite the drastic decline in NFT and Web3 sectors in 2022, IT services and consulting firm Accenture says the metaverse will fuel a one trillion dollar opportunity for businesses by the end of 2025. Accenture Senior Managing Director David Treat weighs in on building businesses in the metaverse and the opportunities it presents. Plus, a preview of Accenture's partnership with Microsoft.

Davos 2023

Markets

Decentraland’s MANA Token Jumps as Metaverse Tokens Outperform Crypto Markets

Metaverse tokens are the best-performing sector in crypto so far this year, as the CoinDesk Culture and Entertainment (CNE) index is up 37% since the start of the year.

Researchers hired by the French government say metaverse regulation should start now. (Thinkhubstudio/Getty Images)

Web3

Unstoppable Domains and Ready Player Me Team Up to Create Interoperable Metaverse Identities

Users who connect their avatar to their Unstoppable identity will be able to access over 6,000 of Ready Player Me’s applications, games and metaverses, in addition to Unstoppable’s 650 partner apps.

Ready Player Me raised $56 million in a Series B led by a16z. (Ready Player Me)

Finance

Metaverse Can Build Access for Big Companies, Says Virtual Brand Group CEO

The metaverse-building company is looking to leverage the digital ecosystem so big brands can expand their demographic footprint while increasing their revenue streams.

(Forever 21 Shop City on Roblox/Virtual Brand Group)

Videos

Building Businesses in the Metaverse

Virtual Brand Group CEO Justin Hochberg joins CoinDesk's Christine Lee from CES in Las Vegas to discuss bringing businesses into the metaverse. Recently, the company teamed up with Forever 21 to launch the fashion brand's first metaverse-tested collection. Plus, his outlook on the development of the metaverse space.

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