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After being largely absent from the tech headlines, the once-trendy metaverse appears to be making a comeback. Just this month, we’ve witnessed Google team up with Magic Leap to develop improved metaverse-focused augmented reality goggles, and The Sandbox raising $20 million in a strategic funding round vaulting its valuation to $1 billion. Additionally, McDonald’s Singapore just opened its metaverse called “My Happy Place”, while CitiBank recently confirmed it’s exploring ways to use the metaverse to enhance the customer experience. While the metaverse industry has likely gained more interest and funding due to the recent Web3 revival, another key factor promises to reshape virtual worlds: AI. The rapid rise of powerful AI algorithms within the blockchain and Web3 space is beginning to spread to the metaverse, revitalizing interest thanks to its ability to enhance user interactions, data processing, powerful computer vision, avatars, 3D chatbots, and more. A M...

The idea behind the new initiative is to bring Ernest Cline’s Ready Player One novel into a multi-world open ‘ metaverse experience.’ Metaverse startup Futureverse, backed by 10T Holdings and Ripple Labs, has unveiled a partnership agreement with Warner Bros. Discovery to bring the Ready Player One franchise to the metaverse. In an X thread on Jan. 4, the New Zealand-headquartered startup said it has teamed up with Ready Player One author Ernest Cline to launch a new venture dubbed Readyverse Studios, aimed at integrating major IPs into the metaverse. Dan Farah, the producer of the 2018 Warner Bros. film adaptation of the novel, is also listed as the co-founder of the firm. We couldn’t be more excited to announce that we’ve teamed up with @readyplayerone creator and producer to launch Readyverse Studios to bring leading IP and brands to the metaverse . pic.twitter.com/6sU6FpOSdE — Futureverse (@futureverse) January 4, 2024 You might also like: ‘M...

The Sandbox added a new major IP to its virtual world, a portfolio management startup raised $3.6 million and The Flash is getting NFTs. Warner’s The Flash goes web3, to a lack of applause…. Warner Bros.’ NFT unit has unveiled a new Web3 experience for the recently released DC Comics superhero more The Flash, which reportedly flopped at the box office. According to an announcement from Warner Bros. Digital Collectibles, The Flash Web3 Movie Experience will launch on July 18 and will include NFT collections, AR experiences, access to behind-the-scenes content and the full film in 4K Ultra HD, to name a few. The Flash Web3 experience. Source: Warner Bros. Digital Collectibles. The project will be hosted on the Eluvio blockchain, which Warner Bros. has used in the past for similar Superman and The Lord of the Rings web3 experiences. The experience is being packaged as part of two different Mystery Bag editions, labeled “Mystery” and “Premium.” The Mystery edition will cost $35 and the ...

The rock band Queen and big bank HSBC eye up the metaverse while Yuga Labs launched the next iteration of its NFT gaming saga. HSBC files metaverse and NFT patents British banking institution HSBC filed a series of metaverse and nonfungible token (NFT)-related trademark applications.  A June 12 filing to the United States Patent and Trademark Office (USPTO) show the bank’s trademarks including metaverse banking, consulting, and financial services, along with virtual credit cards that point to a potential launch of a metaverse bank branch and further virtual banking services. #HSBC continues its move into the #Metaverse! The company has filed a new trademark application covering: ️ Metaverse banking, consulting, financial services ️ Virtual credit cards ️ NFTs + NFT-backed media … and much, much more!#NFT #Crypto #Web3 #NFTs #DeFi pic.twitter.com/rb6UdA2Iq3 — Mike Kondoudis (@KondoudisLaw) June 19, 2023 HSBC also applied for trademarks relating to online marketplaces, spe...