Meta Platforms (META) CEO Mark Zuckerberg said he was still optimistic about the metaverse on a longer, “five-to-ten-year horizon” during the New York Times DealBook Summit in New York City on Wednesday.

In this article, we dive deep into the history of Metaverse, going back to the beginnings of online role-playing games and the first attempts to create virtual communities.

Utherverse, one of the largest metaverse platforms in the world, has signed a partnership agreement with Tokensoft, the leading technology platform for launching digital assets. The deal will facilitate the first and second presale rounds of Uther Coin (UTHX) as part of the token’s initial decentralized offering (IDO).  

Meta (META) CEO Mark Zuckerberg said he was still optimistic about the metaverse on a longer, “five-to-ten-year horizon” at the New York Times Dealbook Summit in New York City on Wednesday.

German multinational automobile manufacturer Bayerische Motoren Werke AG (BMW) is the latest in line to indicate an interest in direct involvement with the Metaverse and the NFT space, as it applies to trademark its logo with intentions to offer NFT-focused services.

Lacoste has announced the launch of its first-ever virtual store, which includes a seasonal collection as well as a VIP room for members of the Lacoste Web3 community.

According to company co-founder and Executive Chairman Yat Siu, Hong Kong-based blockchain gaming group Animoca Brands plans to launch a fund of up to $2 billion to invest in metaverse businesses. Animoca is known for the Sandbox metaverse game that allows users to buy plots of digital land and decorate them using non-fungible tokens (NFT), a digital asset traded on the blockchain. Animoca's investors include Singapore state fund Temasek, GGV Capital of the U.S. and South Korea's Mirae Asset Management, and its latest fundraising valuation is over $5 billion. (Nikkei)

Cryptocurrencies, NFTs, and the Metaverse are terms that you may not yet be familiar with, understand, or have had any personal experience. With so much coverage of these cutting-edge technologies, the rush to invest, and the associated worries about a potential ban in India, it was only a matter of time before the taxman joined the party to make sure that the correct taxes were paid.

Japanese tech giant Sony is taking a fresh bet in the Metaverse space with its latest gadget in the market. Sony has unveiled a new set of wearable motion trackers designed to bring users into the Metaverse on their smartphones.

The Sandbox and Decentraland took crypto by storm in 2021 - leading the GameFi charge and quickly securing respective market caps of between $5 and $10 billion at their peaks.