One day after Meta Platforms outlined its own metaverse plans for the region, Yahoo announced a series of Metaverse and NFT-related activities in Hong Kong. In this respect, he chose Decentraland behind the metaverse coin MANA. Here are the details…
Metaverse coin MANA selected by Yahoo
Yahoo, a US-based internet media company, has announced that it will host a series of virtual events and concerts for Hong Kong residents in the Decentraland metaverse. According to Lorraine Cheung, head of audience for Yahoo Hong Kong, the company sees Metaverse as an attractive alternative for Hong Kong residents who want to engage in social activities while pandemic restrictions remain in place. On Thursday last week, in the country; It has been announced that a negative Covid test is required to enter all public places such as bars and restaurants. The Yahoo administrator used the following statements:
We hope to use the metaverse to connect people regardless of time and physical location.
NFT exhibition will also begin in the Metaverse
Yahoo is also launching The Abyss of Kwun, where local artists have virtually recreated the historic Kwun Tong neighborhood heavily affected by the redevelopment. It will also launch an NFT exhibition called Tong. Creative Producer Leung Ching-hsuan said the purpose of the NFT exhibition is to “protect humanity using technology.” On Tuesday, social media giant Meta unveiled a strategy to create “first-hand” Metaverse experiences for residents, working with local businesses and establishments such as cafes, schools and art galleries.
Large companies are increasingly embracing the Metaverse, with international consulting firm McKinsey releasing a report this week that predicts Metaverse-related spending could be worth nearly $5 trillion by 2030. Earlier this year, JPMorgan, the largest bank in the United States, made headlines in addition to opening its own virtual centers in the Decentraland metaverse, releasing a report calling the Metaverse technology “a trillion dollar opportunity.”
Decentraland’s MANA token rallied today, gaining just over 12 percent in the last 24 hours, according to data from CoinMarketCap. The coin rose from $ 0.76 to $ 0.93. At the time of writing, it changes hands at $0.85. Decentraland (MANA) defines itself as a virtual reality platform powered by Ethereum Blockchain that allows users to create, experience and monetize content and applications.
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