(October rental data is in the red box). Meanwhile, we also held 2 successful AMAs in October in conjunction with Mones and Port3 Network respectively. These creators dress millions of people all over the world and impact how they express themselves both in the digital and physical worlds. On October 12, according to the official news from The Sandbox, Yuga Labs NFT project Meebits announced its entry into The Sandbox. we built an optimal platform for Space Battleship NFT using blockchain and NFT technology to create Space Jump play mode, a new way to play, where people can buy, trade and race digital collectible space battleships on. In addition to enabling interactions, AI algorithms will underpin most other technologies. NFTs generate value at every link, including gas fees charged by blockchains, sales and trading fees charged by platforms, and copyright payments to content creators. Metaverse NFT Market 2022: international Key Players, Trends, Share, business Size, Segmentation, Opportunities, Forecast To 2028 | 79 Pages Report Tuesday, September 27th 2022, 2:11 AM EDT Metaverse Data Analysis and Content Navigation. Global Metaverse Market to Reach US$758.6 . The expansion of the perception of game value will push the game industry to explore the new boundaries of games and open up a new imagination. Perhaps immersive games, social spaces and work tools will merge into a coherent industry sector at that point, which perhaps we'll still call 'metaverse.'" UPS applied for the Metaverse and NFT trademarks as early as April this year, hoping to protect brand IP in related fields. To put that in context, there are at least 200 times as many creators designing clothing and accessories on Roblox as the estimated number of fashion designers creating physical collections in the United States. The Sandbox will distribute 2.6 million SANDs to landowners on the Polygon network. 3.3. The Metaverse presents a huge opportunity but also major risks. 4.1. As we look forward to the near future, we expect the next generation of fashion designers and brands to be deeply immersed in digital fashion, dressing avatars, designing 3D digital versions of their collections and creating metaverse-exclusive items. The report includes qualitative and quantitative analysis of the Metaverse market and related segments from 2022 to 2027. Census Bureaus American Community Survey to reflect the demographic composition of the US population in that age range. The global metaverse market size was estimated at USD 38.85 billion in 2021. 5.3. The global COVID-19 pandemic has been unprecedented and staggering, with metaverse experiencing higher-than-anticipated . This report assesses the market opportunity for Metaverse vendors and ancillary services providers including infrastructure, devices, software, and supporting services. And Seongnam, South Korea revealed plans to recreate a virtual copy of its city and issue NFT citizenship to . With the shift towards web 3.0 and metaverse-based projects, in this guide we take a closer look at the 7 best metaverse crypto coins to invest in this year. The overall sales of the Metaverse section (the top eight Metaverse projects) in October fell by $4.7 million, or 31%, compared with September (the decline in September was 8% compared to August). The report includes qualitative and quantitative analysis of the Metaverse market and related segments from 2022 to 2027. This challenge can be addressed by new technology like Layered Clothing, a new feature thats been embraced by both our community creators and users. said being a digital fashion designer is more impressive. After the excitement subsides, companies that focus on accurate positioning, continuous development, and outstanding ability will produce a viable Metaverse that inspires renewed excitement. Gucci debuts in The Sandbox with Gucci Vault Land. 1.3. On this platform, the decentralized nature of blockchain earns players assets and tokens that can be traded on the open market. According to X-Metaverses perfect technical architecture support and game environment, the whole ecology will return to a new model of innovation, experience, technology and value fair competition, and realize more diversified and rich game applications. Polands largest bank settled in Decentraland. Pune, Oct. 28, 2022 (GLOBE NEWSWIRE) -- The Global Metaverse Market 2022 research report provides an in-depth analysis of market size, share, growth, trends, and forecast. DTTL (also referred to as "Deloitte Global") does not provide services to clients. NFT Sales Volume by blockchain October 2022: On Oct 19, Cardano made its way into the top 3 of NFT blockchains after transactions soared 40% and volume 132% in 24 hours, with $968,000 traded in NFTs. respondents said expressing themselves with clothing and accessories in the digital world is MORE important than expressing themselves in the physical world. McKinsey & Co. recently released a report claiming that the metaverse could have a market cap of more than $5 trillion by 2030. 1. It is a one-stop shop for everything GameFi, metaverse and NFT that brings together a gaming incubator, game-specific multichain launchpad, decentralized venture capital, NFT aggregator and marketplace, in-house game studio, and much more. In our survey, theyve noted the importance of having a full range of skin tones (said 70%) and a full range of body sizes (64%), along with a full range of hair colors, textures and styles (70%). Additional survey content for Pro users: How many Gen Z and Millennials have bought / are interested in buying NFTs, cryptocurrency, and digital land, how . Recent industry research points to Gen Zs outsized impact on culture and economy, given that this consumer group accounts for approximately a quarter of the worlds population, and already has a purchasing power of hundreds of billions of dollars in the U.S. alone. The potential metaverse market opportunity is projected to reach a whopping $13 trillion by 2030. The average price of virtual land in Voxels increased by 13.7%, and the average price of virtual land in The Sandbox increased by 6.5%; At the same time, the average price of virtual land in Somnium Space dropped by more than 66% (leading to a sharp increase in its turnover), and the average price of virtual land in Otherside dropped by 39%; The average price of virtual land in Decentraland has been relatively stable in the past, but the average price of virtual land in October dropped by nearly 20% (the drop in September was also 20%); The average price of Netvrk NFT virtual land dropped by 10.8%, and the average price of NFT Worlds virtual land dropped by a smaller 2.1%. YouTubehttps://www.youtube.com/c/XMetaverse, Telegramhttps://t.me/XMetaverse_official, Telegram Channelhttps://t.me/XMetaverse_Channel, X-Metaverse is the first blockchain Play-to-Earn space 3D game. Source: GamesPad Metaverse Report 2022 Music and entertainment. On October 16, Somnium Spaces official website tweeted that with the diversity of interests and locations, starting on October 17, there will be 2 VR meetups per day. The five major Metaverse bottlenecks at this stage are: Portability of access to the virtual world, Rules of governance in the virtual world, Industrial Metaverse applications, Information security and privacy, and Energy supply. The countrys tax agency, Skatteetaten, and its central registry, Brnnysund, presented their metaverse ambitions at the 2022 Nokia Symposium. And there will be a purer and more complete circulation and interaction of value between the value itself and the consumers the game and the players which in turn will drive further prosperity for the entire gaming industry. Technologies will eventually converge to empower various application scenarios, liberate productivity, advance insights, improve decision-making, and upgrade business. Co-founder of Animoca Brands: GameFi will be a new entry point for the Metaverse, During a fireside chat at the Future Blockchain Summit hosted by TDFi CEO Gaurav Dubey on Oct. 12, Animoca Brands co-founder Yat Siu said its focus is on the gaming industry as it is closer to the metaverse than any other industry. Page number. Metaverse Post introduces a fundraising report for October 2022 that focuses on tech companies specializing in Web3, Metaverse, gaming, and more. 2.3 Voxels becomes partner of TRON GRAND HACKATHON Season 3. On October 25, Yuga Labs co-founder Greg Solano announced that a beta version of the metaverse game The Persistent World will be launched in 2023. DUBLIN, Sept. 2, 2022 /PRNewswire/ --The "Metaverse Market by Technologies, Platforms, Solutions and Applications in Industry Verticals 2022 - 2027" report has been added to ResearchAndMarkets.com's offering. Over 10 optimizations and updates to the official website. On October 18, launched the Space Jump. Successfully hosted for one Grand Prix and the current Super Jackpot has accumulated over 550K+ XMETA. 3.4. In Q3 2022, gaming activity accounted for almost half of all blockchain activity tracked by DappRadar on the 50 blockchain networks, with 912,000 Unique Active Wallets (UAW) per day interacting with the games smart contracts in September. richer and more fun games for players. The market is projected to grow from USD 100.27 billion in 2022 to USD 1,527.55 billion by 2029, exhibiting a CAGR of 47.6% during the forecast period. This box/component contains JavaScript that is needed on this page. The XMETA-BUSD LP Staking avg. Othersides sales accounted for the largest 77%, still far ahead; followed by The Sandbox, accounting for 10%; the remaining 6 platforms Total sales accounted for only 13%. NFT project Meebits announced its entry into The Sandbox. On October 10, the Rumble Kong League announced the launch of a 1:1 voxelized Avatar on The Sandbox. 4.2. The Sandbox will disable the MATIC/SAND staking pool from October 25th. On October 4th, according to ledgerinsights, UPS, one of the worlds largest shipping and parcel supply service companies, officially joined the Metaverse and opened a virtual store in Decentraland, aiming to provide services for small and medium-sized enterprises in the virtual world. The Sandbox Greater China Studios hosted the 2022 Shanghai WEB3 Maker Festival. The trend in the number of virtual land sales and total virtual land sales is largely negatively correlated, indicating that buyers are bullish on the long-term value of virtual land in the metaverse and are buying at low prices.. NFT Worlds is the exception to the rule, and as mentioned earlier, the . Here are the top 5 trends. Metaverse Tokens September 2022 (30D) In other news, the European Commission President Ursula von der Leyen included "virtual worlds and the metaverse" in a speech to the European Parliament, outlining new initiatives for 2023. Decentralands October traffic was 850,000, September was 807,000, and August was 821,000 (July was 843,000), a 5.5% increase in traffic compared to September, which makes sense given Decentralands recent series of activities. Somnium Space conducts a new round of promotions. Most of these brands are tapping into the vast expertise of Roblox community members who can help create beautiful digital fashion and other engaging content on the platform. Big Tech is championing the metaverse, with Microsoft and Meta promoting it as the ideal environment to support hybrid working. The Metaverse Industry Report 2022 by GamesPad Co-Founders Constantin Kogan and Eran Elhanani examines new markets in the metaverse, as well as strategies for entrepreneurs to capitalize on emerging business opportunities. To offer an in-depth look at the digital fashion trends weve been seeing, weve partnered with one of the worlds leading institutions for art and design education. , but also to show off their digital collection and feel more connected to peers in both the digital and physical worlds. Looking back at 2021 the first year of the Metaverse its breakout was much more intense and the responses of market participants were much faster than they were when the internet entered global consciousness. Global Metaverse Gaming Market Research Report 2022-2028, by Manufacturers, Regions, Types and Applications. Apple is reportedly bringing a 3D video service and a metaverse-like extended reality environment to the upcoming Apple VR headset. With this demographic spending more time in immersive social spaces like Roblox, the prestige and impact of digital fashion are on the rise. Space Jump feature development is completed and launched. In addition, we also opened a DAO-related board in Discord, and some of the features have been opened for experience first, as of the end of October. Starting from the original meaning of "Meta (Meta) + Verse (Universe)", Deloitte has defined and imagined the future of the Metaverse as "a converged world of the virtual and the real". Compared with September, October fell by 33%, and the amount of decline was US$4.09 million which is a relatively large margin. Please enable JavaScript to view the site. say theyve spent anywhere from $20 to over $100 on a single virtual item. Top Metaverse Platform Average Sales Price (ETH) : 2022.08 vs 2022.07. 5.2. This challenge can be addressed by new technology like Layered Clothing, a new feature thats been embraced by both our community creators and users. To obtain the most recent consumer insight data, Roblox, in collaboration with the Parsons School of Design, commissioned a poll from Momentive (makers of the SurveyMonkey platform) fielded September 19-21, 2022, among 1,000 people ages 14 to 24, living in the United States. On October 7th, Somnium Space announced on Twitter the addition of a VR flight mode that users can use to fly around in Somnium Space. Learn on the go with our new app. Transferred XMETA tokens to DAO Vault, as of October 31th, the DAO Vault balance is 974,846.528 XMETA. On October 19th, Polands largest bank, Bank Polski, opened its first Metaverse branch in Decentraland. Base year. It is reported that Meebits is the 19th NFT collection added by The Sandbox. Select Report Findings: Metaverse digital asset marketplaces will be a $224.9 billion opportunity by 2027. This number grows significantly among people who spend up to $100 per month on avatar fashion, where 54% said being a digital fashion designer is more impressive. 2.1 Voxels announced that it will no longer conduct marketing activities this year, focusing on product optimization, 2.2 Voxels founder and community manager to attend Melbourne Metaverse Madness event on October 27th. Rules and identity, which support mutual recognition and interactions between different users and entities in the virtual world, typically based on blockchain. The virtual city will support local tourism and potentially create new Virtual world jobs, in line with efforts announced earlier this year by neighboring Dubai. On October 17th Soulja Boy, Dillon Francis and Ozzy Osbourne will take part in the second edition of the Metaverse Music Festival in Decentraland from November 10th to 13th due to the cancellation of their offline tour, with more than 100 artists reported to have participated. GamesPad is the culmination of years of expertise, research, and passion to propel blockchain gaming to . Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, "Metaverse Market by Technologies, Platforms, Solutions and Applications in Industry Verticals 2022 - 2027", https://www.researchandmarkets.com/r/492h38, https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg. TRON GRAND HACKATHON aims to connect the blockchain ecosystem around the world and help developers better BUIDL. NFTs are one of the fastest-growing arenas of the Metaverse. On October 24th, Somnium Spaces official Twitter announced the extension by a week of the QLO OpenSea auction. The Metaverse, Blockchain Gaming, and NFTs: Navigating the Internet's Uncharted Waters | Newzoo Trend Report. Using a blockchain ledger, the National Theater is entering the digital world. According to the Czech National Theatre, the digital age brings new artistic concepts and therefore requires new ways of presenting art. Someone allegedly close to the couple . Road Town / British Virgin Islands - A metaverse industry report 2022 by GamesPad takes an informative look at emerging business opportunities presented by the metaverse. This auction involves Avatar, virtual land, props, etc. Meebit holders can now add their own pixel characters to The Sandbox and join The Sandbox Alpha Season 3. Soulja Boy, Ozzy Osbourne and Dillon Francis will be in Decentraland for the Metaverse Festival. Moreover, the emergence of metaverse-focused companies around the world . According to its basic definition, the Metaverse is a simulated digital environment that blends augmented reality (AR), virtual reality (VR), blockchain, and social media principles to create places for rich user interaction that mimic the actual world. The Metaverse will experience a long-term development to maturity in the future with potentially significant risks related to addiction, privacy, intellectual property, economics, oligopoly, and governance. Over the course of 2022, over 157 million users on Roblox have already acquired both free and paid items community-created Layered Clothing items. 3.7. Iconic fashion brands have established presences here on Roblox by partnering with our creator community, and the rollout of Layered Clothing our new technology powering hyper-realistic 3D clothing has once again raised the bar for what our creators are able to make. Growth momentum & CAGR Decentraland officially refutes erroneous reports on the number of active users released by third-party agencies. On October 27th, Norway announced the establishment of a tax office in Decentraland to foray into the metaverse. Number of sales. This requires a large number of high-speed computing and information transmission capabilities that use cloud computing, high performance computing, wireless communication (5G and 6G). Improve the retrofit mechanics, increase SR retrofit failure energy point accumulation, accumulate 3 points of energy retrofit SR 100% success. The metaverse, NFTs, and blockchain gaming have transitioned from being largely unknown concepts to terms on the lips of every major brand or investor. Among those who say they spend money on digital fashion, of users said theyd typically spend up to $5 per month and. All game contents and characters are based on Blockchain tokens and NFTs. The impact of the metaverse to GDP in Asia could be between $0.8 and 1.4 trillion per year by 2035, said a new Deloitte report. Celebrate Thanksgiving with Lt. Gobbles! On October 07th, De La Salle University of the Philippines (one of the top four universities in the Philippines) partnered with Digital Asset Exchange (PDAX) and Yield Guild Games Alerts (YGG Alerts) to hold the first De La Salle Interactive Entertainment and Game Innovation and Talent Expo (DigitX ), which will take place in Decentraland from October 3rd to October 9th. Our Takeaways from a Polkadot Meetup. Eventually these destinations became . This past October has seen an exchange of ideas around interesting topics such as Space Jump, XMETA tokens, and the marketplace, with X-Metaverse loving players here from around the world. Forecast period. Consultants at McKinsey say an eye-watering $177 billion has been invested in the metaverse since 2021. Blockchain games and metaverse projects raised $1.3 billion in Q3 2022. Love podcasts or audiobooks? After the completion of the primary market sale of Otherside in May this year, the total land sales in June, July, August, September, and October continued to decline. MOM Sales of 8 Major Metaverse Platforms: 2022.10 VS 2022.09. The report shares data regarding metaverse-related investments. Metaverse Industry Report published by Strategic Market Research confirms that the global market value is $47.48 billion in 2022, having a robust CAGR of 39.44%, and it is expected to surpass. The series has amassed 18k ETH in trading volume since its debut on OpenSea. Crypto markets may have been battered by the bears this year, but metaverse and related projects seem to be holding up in the storm. Structurally, the mid-space battleship NFT and energy core transactions increased significantly and stabilized at a high level, with a more active market demand. Banco Santander and BBVA indirectly made their debut in the Decentraland metaverse in February 2022 as joint . 3. Deloitte launched the Metaverse reportFuture is here: Global XR industry insight. Details. Otherdeed for Otherside was the most prevalent metaverse project in May 2022, after one of the largest mint events in NFT history. Benefiting from capital advantages, they can expand their Metaverse reach through investment or M&A in areas not yet covered by their own businesses. Czech National Theatre issued its first NFT in partnership with Somnium Space. Many mainstream big-name companies, especially tech giants, have already started exploring and heavily investing in the metaverse, which highlights the potential possibilities businesses have within a broad number of current business sectors. Even governmental organizations are getting involved as evidenced by some countries thinking about opening ambassador relations within the Metaverse. PVP Grand Prix new season, Pilot/SpaceShip Staking new cycle. Figure: The five major Metaverse bottlenecks. from 8 AM - 9 PM ET. The most exciting part is that you can earn cryptocurrency with other players through actions such as conquest, exploration, competition, mining, production, breeding and combat. For over a decade theyve been redefining digital identity and their personal style, but in the past few years weve seen incredible leaps in the evolution of self-expression on our platform. In October, the number of players and online presence in the community remained stable. 2022. It is expected to expand at a compound annual growth rate (CAGR) of 39.4% from 2022 to 2030. He noted that GameFi will be the entry point to Metaverse and introduce people to digital ownership., 6.6. These include the main Metaverse coin projects of SAND, MANA, and AXS. by Christina Wootton, VP of Global Partnerships, Roblox, and Manuel Bronstein, Chief Product Officer, Roblox. 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