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Owning a virtual apartment or penthouse will grant access to the two most popular metaverses — Decentraland and The Sandbox — and all the perks that come with them, including like-minded peers and entertainment.
Aside from attracting existing communities, a city in the metaverse will provide users with new means of creative expression. As AR/VR devices evolve, residents and users will have the technology to author digital content.
For fintechs, the metaverse looks like a natural pivot in line with their digital-first nature. They are better positioned to push the market forward, as, unlike banks, they do not have to cut through miles of red tape and have more flexibility to deploy new solutions.
Although the recent rebranding of Facebook to Meta has catalyzed a rise in openings, the first metaverse posting was in April 2019, showing the concept has existed for several years as a niche rather than a mainstream term.
The Kansas City Area Development Council and its partners announced that Meta (formerly Facebook) selected the Kansas City region for its new hyperscale data center.
Adam Compton, director of strategy for the Secure Power Division at Schneider Electric, talks about how data center professionals will soon be asked about the potential of powering the metaverse