Meta To Run Metaverse Experiences in Hong Kong Cafe, Schools, and Art Institutions

Meta will run virtual reality (VR) and augmented reality (AR) experiences in Hong Kong to showcase how the metaverse can be used in daily life.

The company, formerly known as Facebook, is planning to promote its metaverse products in cafes and schools, according to the South Morning China Post. Meta wants to offer first-hand experiences of its metaverse products, something that it has increasingly been doing in the past few months. 

The tech firm will partner with cafes, schools, and art institutions to showcase what is capable within the metaverse in daily lives. Specific examples of the experiences under consideration include VR exhibitions at local cafes and AR training workshops for educators and students in schools.

Meta will also work non-fungible tokens (NFTs) into the experiment by allowing local creators to share their creations on Instagram. The company is devoting energy toward NFT integration with the popular photo-sharing app and is working on several strategies.

Hong Kong is quickly emerging as one of the hotbeds for NFT experiences and testing. Its tech-savvy population makes it a good place to test the technology and implement new strategies.

Meta bid to be the best

Meta is quickly becoming a metaverse-first company. Mark Zuckerberg has said as much, even revealing some other technological developments, like the ability to shape the metaverse through voice. Much of this is still in the early stages, and it has cost the company billions.

However, some of the most prominent individuals in the world have dismissed the potential of NFTs. Bill Gates said NFTs were associated with the greater fool theory – some of his harshest criticism yet.

The metaverse is a long-term bet, and Zuckerberg and Meta are hoping that they can come out on top when the metaverse becomes more viable in the latter part of the decade. The metaverse is estimated to be worth over $600 billion by 2030. 

There will be stiff competition, as Microsoft is also working on similar initiatives

The post Meta To Run Metaverse Experiences in Hong Kong Cafe, Schools, and Art Institutions appeared first on BeInCrypto.

Earning Passive Income With Crypto

Related Posts

Status (SNT) Creates Double Bottom Pattern Inside Long-Term Support Area

Status (SNT) returned to its May lows on June 14 and created a double bottom pattern that was combined with a bullish divergence in the RSI. SNT…

The New Eminem and Snoop Dogg Music Video Showcases Bored Ape Avatars

The prominent rap stars Eminem and Snoop Dogg released a new music video that showcases the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection. The duo’s…

Crypto Can Save the Fashion Industry Despite Being Bruised and Battered –  Here’s Why

Luxury fashion brands are looking beyond the trauma that the crypto industry is currently facing to create “digital twins” for their designer products. Luxury giants LVMH, Prada,…

2022 Most Significant Bear Market yet, Says Glassnode

The bear market of 2022 has proven to be the most significant yet for cryptocurrencies, according to a recent report from Glassnode. While equities and bonds have…

Reports Claim Russia Defaulted on Foreign Debt for the First Time in a Century, Kremlin Disagrees and Says It Paid

According to reports, the Russian Federation has defaulted on its foreign debt for the first time since 1918. Bondholders told the press that they had not received…

Stacks (STX) Breaks out From 221-Day Descending Wedge

Stacks (STX) has broken out from a bullish long-term pattern after the RSI generated significant bullish divergence. STX has been falling since reaching an all-time high price…