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Samsung will also enter the Metaverse after many other big brands

Samsung has been eyeing things like the Metaverse and robotics to be future-ready. In addition to acquiring companies in the artificial intelligence, 5G, and automotive electronics sectors, the company is also looking to expand its portfolio. In addition to announcing its long-term company vision, Samsung also held a general shareholders meeting this week.

As the vice-chairman and co-CEO of the company, Han Jong-hee, pointed out at a meeting at the company’s headquarters, “We will develop Metaverse devices and solutions enabling users to access the Metaverse anytime and anywhere.”

According to South Korean news outlet Hankyung, Samsung Electronics has announced that its move into the metaverse will remain, as experts predict future growth owing to the weak performance of the company’s stock and signs of a shortage.

Moreover, Samsung has not made any significant acquisitions since 2016, so some say its future preparations are lax like those of its competitors. You may be interested in knowing that the company acquired Harman in 2016 for $ 80 million (roughly Rs 60,640 crore).

In a recent interview with Korea JoongAng Daily, the company’s vice chairman revealed that the Metaverse project motivated the company to produce new hardware. Though Han provided too little information for speculation, it is believed that Samsung could join Meta and Microsoft is placing a big bet on it.

‘Please wait until the Metaverse device launches because we are hard at work,’ said Han, the head of both mobile communications and consumer electronics at Samsung Electronics.

NFT feature coming to Instagram, CEO Mark Zuckerberg confirms

Instagram head Adam Mosseri has been talking about bringing NFTs to the platform since last year. The document has now been signed. Mark Zuckerberg announced that NFT will be added to Instagram.

In a report by Engadget, Meta CEO Mark Zuckerberg said that NFT will come to Instagram. NFT will be added to Instagram within the next few months, he said.

The beginning of the year also brought news of Facebook and Instagram preparing to integrate NFT with their platforms. Such features will be offered on Instagram and Facebook, under which NFT will be able to be set in the profile itself.

Facebook’s Mark Zuckerberg has stated that NFT will come to Instagram, but it is unclear how the app will be used or how the company will implement it.

What is NFT?

The company may launch its NFT marketplace on Instagram or Facebook. NFTs can be purchased and sold on many websites. Similarly, NFTs can be posted on both platforms and those who wish to purchase can do so here only.

NFT transactions are done using cryptocurrencies, which presents a problem. As a result of the introduction of NFT, the company can now accept cryptocurrency transactions on its platforms.

Additionally, cryptocurrency payments are being tested within the instant messaging app WhatsApp. As of recently, WhatsApp head Will Cathcart stated that cryptocurrencies could be sent through WhatsApp in the future. Testing has begun.

Cryptocurrencies and NFTs are a part of Meta’s Metaverse plan. Since the company has invested significantly in the Metaverse, it is necessary that it integrates cryptocurrencies and NFTs on its platform.

In Instagram Stories and Direct Messages, Meta now offers 3D avatars

Instagram Stories and direct messages (DMs) will soon include 3D avatars thanks to Facebook parent company Meta. This is Meta’s first step toward making the metaverse a reality with the release of its 3D avatars. A metaverse is a world that combines virtual reality with augmented reality, as well as more traditional platforms like your phone and computer, according to the company.

People can express themselves more freely with avatars. Assistive devices and new facial shapes have been introduced by the company for people with disabilities. Avatars’ skin shaders have also been tweaked for a more authentic look.

Meta Introduces 3D Avatars to Instagram Stories

Facebook and Messenger are also receiving new 3D avatars from Meta. The feature will allow users to display their virtual self across apps in addition to stickers, feed posts, and Facebook profile pictures.

U.S., Canadian, and Mexican users can create 3D avatars at present. Apparently, the third dimension will automatically be added to the user’s avatar with this update.

“Since we unveiled our long-term vision for the metaverse at Connect 2021, we have been building out this next evolution of social and mobile technology, building toward a future in which you can be in the same room with loved ones who are thousands of miles apart or work naturally with a talented team that spans the globe,” Aigerim Shorman, Meta’s general manager for avatars and identity, wrote in a blog post.

It has been Meta’s top priority for a long time to realize its dream of a metaverse, which 3D avatars are very early steps toward achieving. During the Metaverse preview event held at Facebook Connect in October last year, Meta previously demonstrated its Codec avatars and real-time environment rendering.

Kamal Haasan to launch his digital avatar in the metaverse, becomes first Indian to launch NFT collection

In just a few weeks, Kamal Haasan, who celebrates his 67th birthday today, will become the first Indian celebrity to have his own digital avatar. His non-fungible token (NFT) marks his entry into the digital space as an actor, politician, producer, and director.

By launching his own collection of digital tokens, he follows in the footsteps of Indian celebrities such as Amitabh Bachchan and Sunny Leone, which will be exclusive to those who invest in them. More and more celebrities are also signing up for NFTs in India, proving that there is a growing interest.

Haasan said he’s looking forward to exploring the new venture on his birthday, which fell on November 7. “I am very excited about exploring the emerging intersection of the physical and digital worlds, commonly referred to as the metaverse. My life’s journey has blurred distinctions between personal and professional life, and this is my offering to the metaverse,” he said in a statement.

The actor-turned-politician has introduced his own line of NFT collectibles through Fantico, a licensed digital collectible platform in India. His fan engagement platform will also feature his digital avatars. A game-based metaverse will also be launched by Fantico exclusively for Haasan, offering him entry into the world of gaming.

Having the actor’s fans and followers interact with him on his own terms will allow their engagement to grow, and since the facility is digital, it will be accessible around the world. Moreover, it enables access to his digital avatars, the purchase of souvenirs as NFTs, and the option of a meet and greet session. Fans will be able to purchase Haasan’s souvenirs in a physical form in addition to NFTs.

In order to bring the star to life, Fanico will first launch his collection of NFT. The blockchain is a digital ledger that includes data that certifies each digital asset is unique and therefore cannot be exchanged. Data on the blockchain is referred to as NFTs. In addition to representing digital files, NFTs can also represent items such as photos, videos, and audio.

“We are very pleased to announce that we will be launching India’s first game-based metaverse. Fantico CEO told ET in a statement that having a legend such as Kamal Haasan on its platform would set the trend for more creators to adapt to the future of fan engagement. According to the actor, fans will be able to purchase NFTs in the form of posters, avatars, and movies.

A metaverse museum will also be dedicated to the star, according to the announcement. Fantico is also in the process of adding actors, sportspeople, studios, and other such people to the metaverse, according to Singh.

In an auction organized by Beyondlife.Club, megastar Amitabh Bachchan’s NFT ‘Madhushala’ collection of autographed posters and collectibles received bids of around 7.18 crore. NFTs were sold for the highest price ever in India. November 1 was the start and November 4 was the end of the auction. It was the ‘Madhushala’ NFT collection – a poem written by Amitabh Bachchan and recited by him – that enjoyed the most success during the auction.