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6 Astounding Metaverse Updates You Need To Know  

The Metaverse is the most current trend in the world today. It also happens to be the prime ground for evolution across several sectors. Every day, there’s new sensational information about the metaverse.

For instance,

Dubai is to host its first metaverse event, Paris Hilton is getting ready to party in her huge mansion in the metaverse, and the Romanian Post is celebrating 160 years with an NFT launch. This article contains all the interesting information about the latest events happening in the metaverse.

Dubai Will Host its First Metaverse Event in September 2022

The “Dubai Metaverse Assembly” is to be held on September 28 and 29, 2022. It will be the first of its kind (a metaverse event) hosted by Dubai and held at the Museum of the Future and Emirates Towers, Dubai.

This event is in line with the ‘Dubai Metaverse Strategy.’ It is a plan to create 40,000 jobs in Dubai and add $4 billion to the emirate’s economy in the next five years. These will, in turn, put Dubai among the top 10 tech-pro cities.

The purpose of this event is for the attendees to properly understand and explore how technology will be distributed across several industries to create a better quality of life.

Relatable: IN ECONOMY 3.0, METAVERSES OFFER HUGE EMPLOYMENT OPPORTUNITIES.

According to the plan set out by the Dubai Metaverse Strategy, the Museum of the Future will be the host of the Dubai Metaverse Assembly in September 2022. This global event will gather over 40 specialized organizations and 300 experts to explore the unlimited opportunities offered by the metaverse to serve humanity better.

Shark Mark Cuban Calls Metaverse Land Buyers ‘Dumb’

Mark Cuban is a well-known Shark on Shark Tank USA. He is a real estate investor and once bought an entire town of Mustang in Texas, USA, claiming it was a favour to a friend. So it is quite surprising that someone big on real estate is calling metaverse land buying the “dumbest sh*t ever.”

According to Mark, he would be less averse to the risks involved in the business if a ‘real’ community was built in a place that would help him determine the property’s perceived value. Mark claims that traditional real estate property rules cannot apply in the metaverse, especially when and because it is not proven.

At the moment, certain metaverse platforms like Decentraland and Sandbox already permit investors to buy land as NFT and create experiences in it or develop them as property.

The prices for these lands were booming for quite some time, until recently, when these land prices came down by 80% when crypto crashed in July 2022. This crash also had a negative effect on the frequency of trading in real estate.

Emirates will Build Brand Experiences in the metaverse

Emirates, a popular airline, will build brand experiences in the metaverse. They will also launch utility-based and collectable non-fungible tokens (NFTs). Emirates introduced virtual reality (VR) technology more than five years ago on its website and app.

It gave customers an interactive, 3D, 360-degree view of the aircraft’s cabin interior.

Last year, Emirates became the first airline to launch its own VR app on the Oculus store, allowing users to have interior experiences on board the carrier’s A380 and Boeing 777-300ER aircraft.

Naruto Museum Signs an Agreement with Michael Jackson Estate

6 Astounding Metaverse Updates You Need To Know  

In 1992, Michael Jackson did a drawing of a fictional world and some toys over ten days. He called it the “Michael Jackson Wonder World Toys”. This fictional world will now be recreated in the metaverse by a Japanese NFT Museum called NFT Naruto Art Museum.

The museum was granted the exclusive rights to recreate this world and the toys in the metaverse.

This recreation in the metaverse will give the world a glimpse of Michael Jackson’s visions before he died. Before he died, Jackson said, “this world (MJWWT) is a place to liberate the world’s poor children”.

NFR Naruto Art Museum members can use their asset wallets to enter Michael Jackson’s world and use NFTs to access priority events.

Romanian Post Celebrates 160th Anniversary with NFT Launch.

The Romanian Post is the official postal service of Romania. The Romanian Post intends to mark its 160th anniversary with an NFT collection in the form of digital stamps.

The project will feature 160 NFTs in total, and 10 of these NFTs will be auctioned at the Romanian National History Museum with a starting price of 160 euros each. The funds that will be gotten from this auction will be given to the Casa Sperantei Hospice Foundation to benefit its patients.

“We are talking about a limited series of 160 NFTs, symbolizing the age of the Romanian Post, virtual graphic creations with a market value that is supposed to increase,” the official statement said.

Paris Hilton is Building a Huge Celeb Mansion in Sandbox

The famous Hollywood celebrity, Paris Hilton, is bringing her huge mansion in Malibu to the metaverse platform ‘The Sandbox,’ which will be the base for all the virtual “rooftop parties and glamorous social events that Paris Hilton will want” to host.

Paris Hilton is one of the early adopters of Web3. For a long time, she has been a vocal supporter of NFTs, metaverses, and everything related to Web3.

The players who enter Hilton’s metaverse space on The Sandbox will all have the opportunity to meet 11 avatars, which highlight her “multifaceted personality.” What does this look like? Be prepared to meet DJ Paris, Retro Paris, and Ziggy Paris.

‘I am beyond excited to expand Paris World further into the metaverse,’ said Paris Hilton. ‘In collaboration with my amazing partner The Sandbox, my team is dedicated to building an incredible real-life experience for my fans.’

The metaverse has captured and is still capturing the attention of global brands and customers, causing them to feel they need to establish a strong foothold in this virtual world. With the current events and happenings going on due to the metaverse, it is obvious that there is more to the metaverse than meets the eye.

Mufasa
Mufasa
Mufasa is the lead writer at CryptoMufasa who likes to share all the latest info on the crypto world with you! Mufasa Enjoys enjoys a good read and recommendations so don't forget to comment on the posts and let him know.

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