Heralding the Metaverse Era

More than a buzzword, metaverse is seen as the next big thing. How is Macau jumping on the bandwagon? This explainer details the A to Z of the metaverse, from what it is to its possible applications in the city.

The Covid-19 pandemic aside, one of the hottest topics worldwide in the past year is certainly the metaverse. From the change of the official name of technology firm Facebook to Meta last year, to the designation of 2021 as the “First Year of Metaverse” by the Mainland Chinese media, to renowned brands and corporations venturing into this virtual world for opportunities, all signs pinpoint it is the next big thing.

And this virtual wave has also arrived in this region — several local administrations across the border have included the development of the metaverse as one of their tasks from this year onwards, while activities of the metaverse and the related technologies like NFT (non-fungible token) are also brewing in Macau. Is the metaverse the future or is it just the scam of the century? Let’s get ourselves ready!

Source: https://www.macaubusiness.com/heralding-the-metaverse-era/