 Prager Metis International LLC opened a virtual three-story property in Decentraland. The accounting firm paid $35,000 for the site in December in partnership with Banquet LLC, a firm that funds and manages blockchain ventures. More: - Prager Metis will utilize the new space to offer advisory services to its new and existing clients and expects the fashion and entertainment industry to seek out its services in the metaverse.
- Simply put: "If the metaverse is going to replace the internet, then certainly business is going to use it."
Zoom out: - In late December, PricewaterhouseCoopers Hong Kong acquired virtual real estate in The Sandbox and plans to advise its clients on challenges and opportunities in the metaverse.
Washington Post 
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 Augmented reality and NFTs are rising in popularity as most investors and artists begin to recognize their potential. Beeple recently sold its "Everydays — The First 5000 Days" art collection as an NFT for $69M. More: - Artists can now leverage AR and mixed reality technology to sell their work online. Desktop AR applications enable artists to convert a physical art piece and transform it into a digital representation in virtual reality.
- NFTs offer artists a source of ownership over their digital image and enable artists to sell their work in an online marketplace.
- Museums and art galleries can also benefit from AR/VR platforms and adopt NFT collectibles for long-term economic benefits. Once an art piece is tokenized and minted on a blockchain, these NFTs can be sold via online platforms.
VR Focus
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 The augmented reality and virtual reality sectors are likely to grow over the next decade. According to industry research, this virtual reality market is expected to grow to nearly $600B by 2025 as more big brands embrace AR/VR technology. More: - Most analysts believe that Apple, Google, and Microsoft will reveal their smart glasses in 2022. Meanwhile, the other companies that are also working on the next generation of AR/VR smart glasses include:
- Sony, which announced its new virtual reality headset, PlayStation VR2, at CES 2022 in Las Vegas.
- HTC, which announced that it will release a Wrist Tracker for its VIVE Focus 2 headsets.
- Canon, which plans to release the "Kokomo," a platform that combines immersive 3D experiences with video calling.
- Panasonic, TCL, and Kura Technologies, which are looking to innovate the VR headsets by creating lighter, compact smart glasses that companies elements of virtual reality and augmented reality.
CBS News
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 Binance.US is building a virtual space in Portals, a metaverse built on the high-speed Solana blockchain. Portals is a dense urban environment consisting of interactive rooms. More: - Biance will feature its latest news, charts, and events in the Portals Downtown segment, and other crypto exchanges, including FTX, are also building office spaces in Portals.
- Binance will use the Solana blockchain due to its high speed and lower transaction fees compared to its rival blockchains like Ethereum. Solana is a Proof of Stake (PoS) blockchain that also leverages a new technology called Proof of History (PoH).
- Earlier this month, Melania Trump also launched an NFT platform that will run on the Solana blockchain.
Coin Desk
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 As the race to develop the metaverse heats up, it looks like Microsoft is losing employees to Meta. At least 100 employees that worked for Microsoft augmented reality division HoloLens have quit and joined Meta Platforms. More: - Meta and other competitors have been offering to double salaries, among other things, to attract trained employees from Microsoft that have worked on the HoloLens augmented-reality headsets.
- The departed staffers include Charlie Han and Josh Miller, who both left to join Meta. Josh Miller worked with the HoloLens display team and became the display director at Meta.
- Microsoft is not the only company that is losing employees to Meta. It is also reported that Apple has been seeing employees leave to join Meta.
Zoom out: - Bill Gates also seems optimistic about the metaverse real estate and virtual office spaces. Gates predicts that within the next two or three years, most virtual meetings will move from 2D camera image grids to the metaverse, a 3D space with digital avatars.
- Microsoft is considered to be well-positioned with success in metaverse development. The company has a solid balance sheet with over $130B in cash and short-term investments, which amounts to 7.5% of the current market cap.
- For the fiscal year ended June 30, 2021, the company reported $168B in revenue.
Motley Fool
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 If the metaverse is the future of the internet, then virtual worlds need to be governed by laws and regulations to avoid big tech companies from controlling the metaverse. The metaverse is meant to be a free and open space that may require a constitution, write Stephanie Hurlburt and Rich Geldreich of CoinDesk. More: - Without proper rules and regulations, the metaverse might become a "terrifying monster." Ways that we can regulate it are twofold:
- First, research that is conducted in the metaverse should become available for the public. Also, let's be clear on one fact: The metaverse was not invented by Facebook, and we should prevent one company from taking over.
- Some believe that the rebranding from Facebook to Meta is an indication that the company might want to dominate the space.
- Second, data policies and collection must be transparent and coherent. If this is left unchecked, then we will run into surveillance and privacy problems in the future.
- The metaverse is meant to be an open and free platform that allows users to engage and interact freely without the control and dominance of one entity.
CoinDesk
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- Mark Zukerberg convince the entire tech. the industry that the metaverse is the future and big brands followed.
- The metaverse was the theme at the CES 2022 event this year in Las Vegas.
- Australian Open (AO) is entering both the NFT and Metaverse space this year.
- Musion 3D partnered with AJA Gear to deliver the first live telepresence hologram in 4K.
- PC case manufacturers demonstrate hologram projection on display at the CES 2022 event in Las Vegas.
- Apple is not focused on the metaverse. Instead, its VR/AR is designed to focus on "bursts of gaming, communication, and content consumption," according to Bloomberg's Mark Gurman.
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 |  | Gia Mattu is based in Calgary, Alberta. She is an entrepreneur with experience in climate technology, drones, AI, machine learning, and blockchain technology. When she's not working, she loves to hike the Canadian Rockies, try new cuisine, and travel. | | | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 Ford. | |
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