Summary:
As the notion of the metaverse expands, 1,000,000 new business models emerge on the scene. McDonald’s, for example, has registered 12 logos for its planned metaverse endeavours. Melania Trump, the former first lady, would introduce the POTUS NFT Assortment on President’s Day, February 21, to honour some of her husband’s most famous events throughout his presidency. There may be 10,000 things to be seized, each with a preliminary worth of $50. Melania allegedly spent $170,000 for Melania’s Visions NFT collection last month to acquire the collection herself from a public sale she staged.
Victoria’s Secret is another well-known brand that has applied for a trademark in order to market its items in the internet realm. Microsoft and Google are also going to release metaverse headsets and smart eyewear. Twitter co-founder Jack Dorsey has stated his intention to leave the platform in order to focus on his fund’s platform Sq. And, to help it all, Intel said this week that it will begin shipping its blockchain accelerators (processing chips) this year.
Details:
Right now, a strong opponent of cryptocurrency is becoming one of them! In 2019, US President Donald Trump stated that he was not a fan of bitcoin and asked Facebook to look for a Banking Constitution if it wanted their digital currency Libra to function in the US. Melania Trump, the former first lady, would introduce the POTUS NFT Assortment on President’s Day, February 21, to honour some of her husband’s most famous events throughout his presidency.
There may be 10,000 things to be seized, each with a preliminary worth of $50. Melania allegedly spent $170,000 for Melania’s Visions NFT collection last month to acquire the collection herself from a public sale she staged. Because of the recent price drop in digital currency, the public auction did not fetch high prices for these digital artworks and private collectors. Mrs Melania, on the other hand, has not allowed the initiative to slide through her fingers. By purchasing the NFT collection, she gains the right to resell them at a higher price later on.
Whereas Donald Trump disregarded bitcoin and Libra in his 2019 condemnation. Melania’s POTUS NFT Assortment is powered by Solana, one of the smartest and fastest blockchain networks on the market, and its native token SOL. If Donald Trump has granted his wife permission to proceed with the NFT sequence leveraging 10,000 memorable events from Trump’s administration, he isn’t the only high-profile convert to digital currencies and blockchain.
New York Inventory Exchange (NYSE)
The world’s largest inventory exchange by market capitalization, the New York Inventory Exchange (NYSE), registered an NYSE trademark with the US Patent and Trademark Office in the final week. The stock exchange, which has a market valuation of more than $30 trillion, stated that it wanted to keep the trademark in order to run a cryptocurrency exchange and an NFT market. NYSE may not immediately start any of these two enterprises, but the move precludes any attempt by a new product in the metaverse to use NYSE as a trademark or profit from the brand reputation it possesses. The NYSE is one of a handful of high-profile non-tech firms that have entered the metaverse in recent weeks.
McDonald’s, for example, has registered 12 logos for its planned metaverse endeavours. It plans to set up digital dining spots and cafés where people who are active in the metaverse may dine out and buy their favourite burgers and beverages as part of the overall gaming experience. McDonald’s will establish its digital coin to pay for these digital services and products, which will be integrated into the larger cryptocurrency ecosystem. Victoria’s Secret, a well-known US lingerie manufacturer, has also applied for a trademark in order to market its items in the internet realm.
It plans to promote a range of bras, panties, swimwear, and other items for usage in the digital world. Originally, the metaverse was supposed to be a digital setting where people could be viewed as their digital avatars — essentially a digital caricature with some twists. However, as the notion of the metaverse expands, 1,000,000 new business models emerge on the scene. Gaming is at the heart of everything, and the metaverse is certain to change it in ways that nothing else has. According to estimates, there are over 2.7 billion gamers globally, and the commerce is worth more than $150 billion.
Metaverse
After all, the Metaverse is a digital environment. However, in this case, entrance is restricted to only those who pay in digital money. When it comes to digital money, the supporting network is a blockchain, which makes it virtually impossible for anybody to break in or spy. So, you’re right here. If you want to play a sport, you should use the platform’s digital token to enter its community and make use of the video games or other services, like banking, that is available. These networks may have linkages to other networks, similar to how we have hyperlinks on a webpage.
Once inside a community, a player should buy and wear multiple Victoria Secret’s lingerie items, go to McDonald’s dining locations and purchase a number of burgers or coffees, play a sport or two on one or more platforms, and so on. At the end of the day, he may go to the NYSE NFT market or another such institution and sell lingerie or McDonald’s food as NFT. So that’s how non-tech companies are utilising their brands to establish a presence in the metaverse.
Large IT businesses are also enthusiastic about the metaverse. After reporting earnings and income of about $130 billion and $35 billion, respectively, this fall, Apple CEO Tom Cook’s dinner acknowledged in a name with traders that his company was working on enterprise plans for the metaverse. He stated that there is currently 14,000 augmented reality (AR) apps on the Apple Play Store. The company now intends to increase this figure to 50,000. Furthermore, it is expected that the company would release headgear for a better metaverse experience.
Microsoft and Google are also going to release metaverse headsets and smart eyewear. Facebook has already changed its name to Meta as part of a major marketing effort for the burgeoning metaverse. Twitter founder Jack Dorsey has stated that he is quitting Twitter to focus on his fund’s platform Square, which has been relaunched as Block to emphasize digital property and the metaverse. To help with all of this, Intel, the world’s second-largest chipmaker, said last week that it will begin shipping its blockchain accelerators (processing chips) this year. And it will arrive 1000 times faster than its nearest competitor. Block is one of the company’s early adopters of Intel’s blockchain trigger.
Credits: www.cryptonewsbtc.org