What the numbers say: A survey conducted in March 2022 revealed that over 50% of businesses that have invested in the metaverse have also invested in cryptocurrencies, while NFTs ranked second in terms of investment. The work environment and remote work sector received investment from 40% of respondents, ranking third. Relevance: The data highlights the growing interest and investment in the metaverse, cryptocurrencies, NFTs, and remote work. These trends represent significant shifts in how businesses operate, engage with customers, and leverage digital technologies. Brands that should care: Businesses that use cryptocurrencies and NFTs can use the metaverse to create new and innovative ways to interact with their customers. For example, they can use the metaverse to sell NFTs, host virtual events, and create new payment methods.
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Billionaire tech investor Peter Thiel was reportedly concerned about Mark Zuckerberg's focus on the metaverse and its impact on Meta's revenue-driving social media platforms, causing him to resign from Meta's board of directors. Meta has been struggling to keep pace with competitors such as Google and Microsoft in the race to develop advanced artificial intelligence technology. More: - Meta was slower to invest in advanced computer chips utilized in AI work than its rivals as Zuckerberg poured billions into metaverse tech.
- Thiel raised concerns about the metaverse push leaving Meta vulnerable to competitors like TikTok, arguing that the company was focusing too much on the metaverse to the detriment of its social media platforms.
- Meta is stepping up its development of generative AI tools like ChatGPT that provide human-like responses to user prompts.
- Meta spokesperson Jon Carvill expressed confidence in the company's ability to continue expanding its infrastructure's capabilities to meet its near-term and long-term needs.
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The U.K. Competition and Markets Authority (CMA) has blocked Microsoft's $69B acquisition of Activision Blizzard, hindering Microsoft's expansion plans for the metaverse. This would be the largest deal in Microsoft's history, the Washington Post reports. More: - The CMA's decision to block the acquisition is based on concerns that Microsoft's ownership of Activision Blizzard could lead to exclusive releases of popular titles on its Games Pass, potentially stifling competition.
- The purchase of Activision Blizzard was seen as a strategic move by Microsoft to expand its gaming business across various platforms, including PCs, mobiles, consoles, and the cloud.
- The CMA highlights the risk of undermining innovation and competition in the rapidly growing cloud gaming market if the acquisition goes ahead.
- Despite the CMA's decision, Microsoft plans to appeal the block, emphasizing its commitment to resolving the concerns.
- The acquisition would provide Microsoft with extensive resources for creating immersive experiences in the Metaverse, where the gaming and Metaverse talent and resources intersect.
Zoom Out: - Microsoft is also focusing on enterprise-facing immersive solutions, including developing its Mesh software and integrating immersive avatars in its workplace suite, Teams, to enhance remote collaboration.
washingtonpost
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Researchers from Trend Micro warn of the emergence of a "darkverse" in the metaverse, posing significant security threats similar to the Dark Web. Threats include criminal activities, extremism, child pornography, and harassment within an unindexed "deepverse" that is hard for law enforcement to infiltrate. More: - The darkverse, like the Dark Web, will serve as a haven for illegal activities, extremism, and criminal marketplaces within the metaverse.
- Law enforcement faces challenges infiltrating the darkverse, with criminals using authentication tokens, location-based restrictions, and proximity-based access controls to evade detection.
- Organizations need to address the security threats of the metaverse, as criminals are already discussing profiting from it, emphasizing the importance of proactive investment.
- Besides the darkverse, other security concerns in the metaverse include attacks on servers, endpoints, and infrastructure and the potential massive harvesting of personal data.
Zoom Out: - As the metaverse evolves, various use cases will emerge, such as digital twinning for critical infrastructure troubleshooting or immersive shopping experiences, which may become targets for infiltration and data theft.
darkreading
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As the metaverse gains popularity, legal issues related to virtual property rights, intellectual property, privacy and security, and regulatory compliance emerge, making it crucial for stakeholders to navigate the legal landscape of the metaverse. Property rights are a primary legal concern for real estate in the metaverse, and ownership of virtual real estate is often defined by digital assets such as NFTs, which raises legal uncertainty. More: - Contract enforcement and execution in the metaverse may be subject to different legal jurisdictions, and disputes may require interpreting complex code.
- Intellectual property protection of virtual assets in the metaverse is complex due to their virtual nature, and unauthorized copying or use may occur.
- User data collection, processing, and storage in the metaverse raise privacy and security concerns, requiring legal considerations and regulatory compliance.
- As the metaverse continues to evolve, legal frameworks and regulations are being developed to address the legal concerns of real estate in the virtual world.
Zoom Out: - Conflicts of laws, jurisdictional disputes, and international legal issues may arise in the metaverse, requiring careful consideration and resolution.
jdsupra
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TotalEnergies, in collaboration with Kalypso, is utilizing digital twin technology to develop a Robot Supervision System (RSS) for autonomous operations on offshore platforms, enhancing safety, efficiency, and sustainability. The oil and gas sector aims for autonomous operations in challenging offshore environments to minimize employee exposure, increase safety, attract young talent, and reduce costs. More: - TotalEnergies has invested in robots and remote operation for a decade, focusing on autonomous surveillance and inspection robots certified for explosive atmospheres.
- Kalypso, a Rockwell Automation company, is developing an RSS that enables operators in an onshore control room to supervise and coordinate robots using IoT technology.
- The RSS combines the functionality of a digital twin with the mobility and synchronization of a gaming platform, allowing remote operators to monitor and control the robots efficiently.
- The integration of digital twin technology in the RSS showcases TotalEnergies' commitment to creating safer, more efficient, and sustainable offshore facilities through innovative solutions.
eenewseurope
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 |  | Vildana is a writer at Inside.com, covering Wellness, Metaverse, and Wine & Spirits news. Besides English, she is also fluent in German. You can reach her at vildana@inside.com and follow her on Twitter. |   | | 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 and 1972 Fords. | |
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