Companies based in the U.S. and South Korea have filed for more than 75% of patent applications related to the metaverse, virtual reality (VR) and augmented reality (AR) since 2016, according to Nikkei Asia.

South Korean and Chinese companies are amassing patents for metaverse hardware, with LG Electronics and Huawei Technologies climbing the ranks as the electronics sector looks beyond the smartphone.

Virtua is a multi-chain metaverse project that utilizes Polygon, Elrond, Wax, and Cardano within its ecosystem. Additionally, partnerships with top IPs, including Top Gun, King Kong, The Godfather, Kevin Hart, Shelby, and William Racing, enable players to live out exciting and varied experiences within the Virtua metaverse.

BinaryX, a GameFi platform, is elated to reveal its plan for a new free-to-play and play-to-own game called CyberLand, transiting away from the play-to-earn models.

Entertainment and electronics giant Sony has recently completed the acquisition of Beyond Sports, a company specializing in using real-world data to produce 3D animation. With this purchase, the company is now reportedly able to offer a full metaverse experience for sports matches, complete with tech from other companies already in its portfolio. (Bitcoin.com)

By 2035, the Metaverse’s impact on the Asian economies could reach between 1.4% and 2.4% of the region’s total GDP, Deloitte stated.

The&nbsp;metaverse has the potential to generate an additional $800 billion to $1.4 trillion to Asia’s gross domestic product (GDP) per year by 2035, growing into a market worth up to $13 trillion annually by 2030, according to a recent <a target="_blank" href="https://www2.deloitte.com/content/dam/Deloitte/sg/Documents/center-for-the-edge/sg-metaverse-in-asia-deloitte-center-for-the-edge-nov22.pdf">report</a> by international consultancy Deloitte.&nbsp;

The Sandbox and Modhaus have collaborated in order to create a collaboration that will be advantageous to both parties. This entity is a startup built on K-pop Web3. This collaboration will mark the beginning of the development of an appropriate and sufficient social platform for the benefit of all associated fans. In consequence, they will be in a position to connect with any events that are organized and positioned in the virtual world.

Deloitte estimates the metaverse could add $1.4 trillion to Asia’s GDP annually by 2035. Noting that the metaverse market could be as large as $13 trillion by 2030, the global financial services firm said: “The metaverse is no longer science fiction. Early metaverse platforms are already being used by millions.”

DWF Labs’ primary objective is to invest in and promote the leading cryptocurrency projects, as well as to become innovators and Web3 industry leaders. MAD Metaverse will now be supported by this company, which offers consulting, strategic advice, smart contract audits, and other related services.