NFT News by Thebittimes.Com

Join Our Telegram channel to stay up to date on breaking news coverage DappRadar, a decentralized application discovery and analysis platform, has issued a report focused on the current state of the metaverse. The report showed that while trade within the metaverse had slowed down this year, there was still a huge interest in the sector. Metaverse is still popular DappRadar’s report looked into the metaverse, the virtual world’s use, and the adoption level. According to DappRadar, the metaverse holds two meanings. One of these is that it refers to a “classical metaverse” relying on Web2 technologies that bring the current gaming and social experiences with online and augmented reality. The other meaning of the metaverse refers to a “blockchain metaverse.” This metaverse permits digital commerce activities in a decentralized way, mainly through non-fungible tokens, for example, virtual real estate. In the report, the firm has also said that ...

NTT Docomo, the largest telecom carrier in Japan, has launched a new division that will be dedicated to directing its metaverse push. The unit, named Qonoq, is already operating and has a staff of 200 people, researching and developing software and hardware solutions directed to integrate extended reality products for customers of the Japanese carrier. NTT Docomo Gets Into the Metaverse Telecom companies around the world are interested in the metaverse and the new services this digital world can bring to their customers. NTT Docomo, the biggest wireless telecom carrier in Japan with more than 80 million customers, launched its own metaverse division earlier this month — the first move of the company into the metaverse market. The unit is named Qonoq and has a staff of 200 employees that will be dedicated to building software and hardware-based products for users and customers of the company. The estimated budget that this newly formed unit will have is around ...