iQ3Connect platform, a training and collaboration platform for the metaverse, has completed its seed round of financing, with participation from LG Electronics' venture capital fund, NOVA Prime Fund. The specific amount has not been disclosed. <br>iQ3Connect can help individuals, teams, and businesses create, deploy, collaborate, and learn immersive interactive 3D content on VR, AR, PC, or mobile devices. It also provides a training and experience platform to help businesses utilize the 3D platform and metaverse for sustainable workforce training.

On October 26th, Meta's metaverse department Reality Labs reported an operating loss of $3.74 billion in the third quarter, with a cumulative loss of nearly $25 billion since the beginning of 2022. Reality Labs also stated that its operating losses in VR/AR will increase significantly year-on-year due to ongoing product development and investments to further expand the ecosystem.

The Metaverse platform HYTOPIA has announced the completion of a new round of financing worth $3 million, led by Delphi Digital and Delphi Ventures. In July of this year, HYTOPIA announced a brand iteration and officially renamed the project HYTOPIA. After the renaming, the project's token TOPIA remained unchanged, and related contracts did not migrate. It is reported that the new round of funding will support its expansion of social functions and provide developers with a game creation toolkit inspired by Minecraft.

Macy's has launched Mstylelab, a new digital platform that utilizes the metaverse of fashion to provide immersive experiences to customers. The platform, built on Journee's fashion-centric metaverse technology, allows users to explore various immersive experiences through discovery, self-expression, and connectivity. Mstylelab focuses on Macy's newest brand, On 34, and is accessible on any device using any browser. Macy's has previously used the 3D virtual world to promote major shopping seasons, but Mstylelab marks the company's first activation with Journee and will bring the future of fashion retail to a broader audience.

The government of the United Arab Emirates recently announced the release of a white paper emphasizing the potential of the metaverse and the "need for international society to strengthen readiness" in the field. In this 35-page white paper, the author emphasizes the importance of self-regulation and why international cooperation is needed. The author of the white paper concludes that establishing common minimum self-discipline principles through international cooperation is one possible way to address this challenge. Through joint efforts and the adoption of effective and fair self-discipline measures to promote the safety and security of metaverse users, the international community (i.e. governments, industries, and civil society) can help establish a global framework to promote responsible and sustainable growth of the metaverse.

The University of Glasgow has launched a virtual world platform worth £5.6 million (about $6.9 million) with the support of the UK government. "Museums in the Virtual World" allows users to explore various experiences, including 3D scanning of collections in XR and VR. Project partners include the learning platform Edify, Scottish Historic Environment, and the National Museum of Scotland.

Mark Zuckerberg and Meta are investing heavily in the metaverse, which involves using scanned versions of ourselves to interact with others in virtual environments. During a podcast, Zuckerberg showcased the company's progress in delivering realistic facial animations in real-time using "codec scans".

Allied Bank has partnered with Synapsify Systems and Fasset to advance its Metaverse and Web3.0 initiatives, aiming to provide an enhanced virtual interface for its customers. The virtual touchpoint will allow users to personalize their avatars and gain insights into the bank's offerings.

MetaGaia and the parent company of cultural brand Hello Kitty, Sanrio Hong Kong, announced today that they have launched a Hello Kitty character that supports ChatGPT in MetaGaia's Hello Kitty Seven Wonders. Fans can now have real-time conversations with Hello Kitty in the Hello Kitty Seven Wonders metaverse, including one-on-one chats with "Hello Kitty Queen," "Dreamcatcher Hello Kitty," or "Baker Hello Kitty."

Zou Jianhong, a member of the Hong Kong Digital Asset Society and the honorary chairman of the Hong Kong Science and Technology Park's Keyp Network, said in a Ming Pao special that the statement "metaverse is outdated, and artificial intelligence is now mainstream" is too hasty and arbitrary.