Meta introduced a designer digital clothes store to buy clothes for avatars in its metaverse
Meta Inc or formerly Facebook CEO Mark Zuckerberg announced the launching of a designer digital clothing store that will allow users to purchase pieces of clothing for their avatars in its metaverse, called the Meta Avatars Store. Zuckerberg announced this on an Instagram live along with Instagram’s vice president of fashion partnerships Eva Chen. The corporate believes that clothes and different equipment will develop into a vital part of the customers’ identification expression and that this can entice them to spend cash on digital garments that might be wearable on all Meta’s apps, together with Facebook and Instagram.
Meta to digital clothing store:
The new virtual store is launching on Facebook, Instagram, and Messenger and will allow users to buy digital clothes for their avatars. With the rise of the metaverse, an alternate and digital take of our world, firms have begun to incorporate industries like clothes to capitalize on the earnings that the necessity for expression of metaverse customers can produce. Zuckerberg said Meta plans to make the store an open marketplace where developers can create and sell clothing.
The Meta Avatars Store will start rolling out in the United States, Canada, Thailand, and Mexico. The company plans to introduce new brands for the store soon. Digital goods will be an important way to express yourself in the metaverse and a big driver of the creative economy. Currently, the pricing of digital clothing has not been revealed yet. However, free clothing for digital avatars will continue to remain available.
These 3D Avatars have already been rolled out to many other countries and are now being made available in India. Meta did not create any hype around the new venture despite the involvement of big names. Moreover, it has not given any details regarding the timeline of the launch. The company now also allows users to bring the same avatar across all Meta platforms, including VR.
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Meta And Microsoft Join Hands For Metaverse! Another Big Tech Dominance?
Meta and Microsoft are ready to map out metaverse tech. Apple and Google won’t be joining them
Meta, Microsoft and other tech giants racing to build the emerging metaverse concept have formed a group to foster the development of industry standards that would make the companies’ nascent digital worlds compatible with each other. The organization is called Metaverse Standards Forum, and its founding members include Meta, Microsoft, Huawei, NVIDIA, Qualcomm, Sony Interactive Entertainment, Epic Games, Unity, and Adobe. As Reuters notes, one company that’s conspicuously missing from the list is Apple. Multiple reports have come out these past few years that Apple is releasing its virtual or augmented reality headset, and it’s expected to become a major player in the metaverse when the device becomes available.
Conspicuously missing from the member list for now however is Apple, which analysts expect to become a dominant player in the metaverse race once it introduces a mixed reality headset this year or next? Gaming companies Roblox and Niantic also were not included among the forum’s participants, nor were emerging crypto-based metaverse platforms like The Sandbox or Decentraland.
Yet another big name that’s missing from the list is Google, which is also reportedly working on an AR headset codenamed Project Iris. Niantic, the developer of Pokémon Go, and Roblox aren’t on the list of members, as well. That said, membership is free and open to any organization, so more companies could join later on. As with any standard, one for the metaverse would only be considered a success if companies, especially the biggest players in the industry, adopt them. “Multiple industry leaders have stated that the potential of the metaverse will be best realized if it is built on a foundation of open standards,” the forum wrote in its press release.
Introducing such a device would put Apple in direct competition with Meta, which has staked its future on the growth of the metaverse and invested heavily in hardware to make its vision of interconnected virtual worlds a reality.
What is Metaverse?
Even though the concept of the Metaverse has existed for more than a decade, it has become popular worldwide, with big companies such as Facebook and Microsoft announcing related projects. The buzz around this persistent shared virtual world grows as more people comprehend its exciting possibilities.
The Metaverse concept rose in popularity during the recent pandemic when people preferred to avoid in-person interaction, companies implemented remote working policies and adopted digital modes of communication. As a result of such emergence, people wanted to learn about Metaverse and understand its utility.
The Metaverse represents a highly interactive three-dimensional virtual world. Like the real world, users can trade land, buildings, and other digital assets in the Metaverse and explore the space using their personalized avatars. These avatars are replicas of the user that can do everything a human can do in the real world.
Meta and Microsoft Paired Up
Meta, known as Facebook until it changed its name as part of its metaverse pivot last year, has disclosed plans for a mixed-reality headset code-named “Cambria” to be released this year. Apple has been heavily involved in creating web standards such as HTML5 in the past. For three-dimensional content in the metaverse, Apple worked with Pixar on the “USDZ” file format and with Adobe to ensure it supported the format.
Neil Trevett, an executive at chip maker Nvidia who is chairing the Metaverse Standards Forum, said in a statement to Reuters that any company is welcome to join the group, including participants from the crypto world. The forum aims to facilitate communication between a variety of standards organizations and companies to bring about “real-world interoperability” in the metaverse, he said, without addressing how Apple’s absence would affect that goal.
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Meta Is Unleashing Profitable Tools For Metaverse Content Creators
Mark Zuckerberg announced that Meta is testing a designated place on Instagram where creators can get discovered and paid-for content.
Meta CEO, Mark Zuckerberg, has announced that the company is rolling out tools to help select creators to make money on Facebook and Instagram. In a Facebook post dated June 21, Zuckerberg stated that Meta is rolling out updates on both Facebook and Instagram to “help creators build for the metaverse” as well as grow the economy of the content creators. In a Facebook post, the CEO shared six new updates, the first one being more revenue to content creators, with the social media platforms holding off any form of revenue sharing like paid online events, Bulletin, Badges, and Subscriptions until 2024.
Mark Zuckerberg announced that Meta is testing a designated place on Instagram where creators can get discovered and paid-for content. Meta notes that the creator marketplace allows brands to share new partnership opportunities. Once a brand finds a creator that they want to partner with, they can send a project with the details to them, including information about deliverables and payment. Meta notes that there will be a partnership messaging folder within Instagram DMs where creators and brands will be able to filter through their offers and projects.
According to the previous commitment which has now been extended, more revenue to creators was to go up to 2023. Zuckerberg earlier on had claimed that the firm will take “less than the 30% that Apple and others take.”
Zuckerberg also announced that Meta is expanding its NFT test on Instagram so more creators around the world can display their NFTs on Instagram. The supported blockchains for showcasing NFTs on Instagram are Ethereum and Polygon, with support for Flow and Solana coming soon. Zuckerberg noted that the company will bring this test to Facebook soon too, starting with a small group of U.S.-based creators. The Facebook test will allow creators to cross-post on Instagram and Facebook. Meta is also going to test NFTs in Instagram Stories with SparkAR soon.
According to CoinTelegraph, More than 50 million creators are driving their economy of talent, attracting more than US$800 million in venture capital. Such figures are but a shadow of what they can become later, as new venues are rapidly becoming available.
To start, the blockchain allows you to own digital goods in a virtual world. You won’t just own that NFT in the real world, you’ll own it in the virtual world, too. In addition, the metaverse isn’t being built by any one group or company. The development of blockchain technologies has resulted in a sweeping revolution across financial markets, empowering individuals instead of institutions and channeling ownership of data and funds to their holders. The qualities of the blockchain — immutability, full transparency, and the trustless nature of operations — have permeated many industries, swooning the balance of business orientation from centralized corporate reliance to decentralization. This shift in the basic concepts that govern relations between participants to transactions, facilitated by smart contracts, has not gone unnoticed in the creator economy.
Instagram Creator Marketplace
Meanwhile, Instagram Creator Marketplace testing is underway to enable the creators to be discovered and paid as well as enable brands to share new partnership opportunities. In addition, the company is also expanding its digital collectibles creators to use and showcase NFTs on Instagram. The CEO said that the feature will be coming soon to Facebook and it will start with a small group of US creators, however, there will be some specific requirements that the creators will have to meet so that the new upgrade will only be available to eligible creators.
However, Instagram is already using the feature after testing the NFTs through their Digital Collectibles in May, besides that, TikTok has its creator marketplace. This challenges Meta to look for more unique content for its platform despite much scrutiny from whistleblowers.
Curbing fake Meta Reviews
As more people and businesses rely on valuable feedback from customers—such as ratings, reviews, recommendations, and questions & answers— and Meta is dedicated to keeping that information relevant and authentic. On June 20, Meta launched a new Community Feedback Policy after some users started spreading fake news on the platform especially the business community who use the platform for advertisement. The new policy was created to ensure that reviews are based on real purchasing experiences, and to keep irrelevant, fraudulent, and offensive feedback off of our platforms.
More than 200 million businesses connect with their customers through Facebook’s apps and technologies. Community feedback provides businesses with helpful insights from their customers and helps people make trusted purchasing decisions as they discover new products.
The firm said:
“Businesses must now comply with our Community Feedback Policy, which specifically prohibits manipulation of reviews, incentivization, irrelevance, graphic content, and spam.”
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Win 1000$: Best Metaverse Project Where You Should Invest MetaOneVerse
Dubai, June 23 — MetaOneVerse, a hyper-deflationary token with Metaverse & blockchain in development as announced a major giveaway contest.
Check out their contest:
1000$ Mega prize and whale club entry
MetaOneVerse who has always been a most prolific rewarding token has now come up with a mega contest where top performers will win 1000$ & exclusive entry into the whale club. The competition will also have another 4 more winners with 400$, 300$, 200$ & 100$ rewards.
Terms & Conditions:
Your reference has to buy worth 50$ or more tokens, once they buy tokens you have to fill the form with the details to win any of 5 cash prizes & chance to whale club entry for a top performer.
*First prize is 1000$ & chance to earn a spot in whale’s club, need to have a minimum of 250 genuine entries.
*Minimum 200 entries are required per user to qualify for the remaining 4 prizes.
*The more you refer, the more you get a chance to win.
*Total of 5 cash prizes & 1spot in whale club to be won.
* Transactions need to be within competition dates.
MetaOneVerse is swiftly releasing their products and is very well received by their user base, within 2 months they have launched a reward dashboard to track rewards in real-time, a multi-chain wallet, and are now about to release a staking platform.
It has been noticed that many whales from the crypto world have already made their position in the token, they are keeping their positions strong despite the blood bath we have seen in cryptos lately. MetaOneVerse has a strong development & marketing team and this has become a point of interest for whales, comparing it with the next Decentraland.
MetaOneVerse is a metaverse token, as we have spoken to the team, they also revealed working on the NFT marketplace too. Their NFT marketplace UI will be shared soon. MetaOneVerse is already in discussion with industry leader NFT creators and with the launch of their NFT marketplace, they are eyeing a hundred-million-dollar club.
Last month MetaOneVerse has been on phenomenal growth grossing a 4000% gain, and currently sitting and holding a multi-million-dollar market cap. As per projection, they will do between 10,000- 20,000% gain from here in a couple of months.
MetaOneVerse is a hyper-deflationary Token and full-stack ecosystem with modules as Metaverse Development, Staking, NFT Marketplace, Blockchain & web3 apps. This project provides a rewarding token to benefit holders with 6% BUSD dividends for holding their token with amazing staking APY to be launched soon. They also have advanced Cex coming with many features where investors can earn any BSC-pegged tokens by staking their M1Verse tokens.
MetaOneVerse is in a very early stage and at a low MC which is around 1.3 million only, eyeing an industry that could be trillions of dollars in coming years, similar projects: Decentraland or Sandbox are at billions of dollars Market cap now.
Join them: www.metaoneverse.net
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