Latest Buzz in Web 3.0
In this space, I’ll share with you some of the latest buzzes in web 3.0…
Facebook Begins Testing NFTs with Select Creators
As Meta (formerly known as Facebook) strives to capture the multi-billion dollar Metaverse industry, they have just announced a test that will allow select creators in America to showcase their NFT under a new “digital collectibles” tab.
They are also bringing NFTs to Instagram in the near future… where Instagram users will "hopefully" get to mint their own NFTs on the app in the months to come.
Navdeep Singh, Technical Program Manager at Meta, announced the development on Twitter.
China has included blockchain, NFTs, and Web3 in its 5-year plan??
China is looking to boost innovation in blockchain, non-fungible tokens (NFTs), and the Metaverse during its next 5-year plan.
On July 13th Shanghai's Municipal Government published a draft of their 14th Five Year Plan for Development Of Digital Economy.
The document sets out an ambitious mission: promoting "deep integration" between technology and the real economy… where scientists will judge the technological prospects while entrepreneurs will discover market demand through these platforms.
China plans to support enterprises that are building trading platforms for Non-Fungible Tokens (NFTs).
This plan also includes a commitment toward blockchain technology and its application by promoting both "blockchain+" innovations as well as developing an ecosystem of strong innovation capabilities within China itself.
There is also a place for Metaverse ambitions.
The rising popularity of virtual worlds has led the municipal government to accelerate research and deployment of the Metaverse platform for social interactions between the virtual world and reality.
The plan emphasizes the significance of new forms of digital entertainment consumption, such as virtual concerts, idols, and sports.
AI will help realize the true vision the Metaverse hopes to achieve
According to Ben Goertzel, a leading innovator within the artificial intelligence space, artificial intelligence will be an integral piece of the Metaversal puzzle -- that will help to create an impactful user experience… thus dramatically increasing the market size.
The Metaverse space is an exciting place with so many new projects being launched these days.
The industry market size will grow from $100.27 billion in 2022 to around $1,527.55 billion by 2029!
Isn’t this amazing…it’s projected by 2026, 25% of people will be using the Metaverse daily!
The Metaverse is an incredible opportunity for both new and existing tech companies to expand their offerings to generate new income streams.
AI would ultimately be used to create immersive content within the Metaverse.
Those are the 3 latest buzzes that give an interesting sum up for this week’s Web 3.0 space sharing.
With one of the first Metaverse cities in existence,
Consortium 21 is heralding a new era for businesses to take advantage not only with their existing marketing efforts… but also by implementing Web 3.0 technologies within them - empowering people across global networks to learn, earn, shop, and socialize.
If you’re interested to explore collaboration in the Metaverse space, reach out to Consortium 21 via email: admin@consortium21.com
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