HomeNewsWeek 36: VMAs' Metaverse Performance 2022, Metaverse Seoul, Meta x Qualcomm

Week 36: VMAs’ Metaverse Performance 2022, Metaverse Seoul, Meta x Qualcomm

This week, we have witnessed many efforts to develop the metaverse of countries around the world such as China, Korea, the US… They bring the metaverse in particular and blockchain in general into many different industries.

South Korea’s capital city launches first stage of “Metaverse Seoul”

Seoul is launching a closed test run featuring the virtual reconstruction of Seoul city hall and the Seoul Plaza, where participants can participate in interactive activities and games. The official first stage of the Metaverse Seoul is planned to launch at the end of November this year.

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“Metaverse Seoul” - closed test launching
“Metaverse Seoul” – closed test launching

Eminem and Snoop Dogg Smoke a Giant Joint and Go to the Metaverse for 2022 MTV VMAs Performance

Since the VMAs in 1999, Eminem and Snoop Dogg reunited once again with a more epic stage than ever. In the middle of performance, the pair was transported into the Metaverse, where cartoon avatars of the rappers smoked and played the track in a colorful fantasyland complete with Bored Ape Yacht Club NFT characters — which also featured in the “From the D 2 the LBC” music video.

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Snoop Dogg and Eminem Bring the Metaverse to the VMAs 2022
Snoop Dogg and Eminem Bring the Metaverse to the VMAs 2022

Number of people working in blockchain space climbs almost 80% year-on-year

LinkedIn and OKX conducted a report and released on August 10. Per the data, the total number of people working in the blockchain industry among LinkedIn’s worldwide members grew by 76% year-on-year as of June 2022. Besides, the United States, India, and China are the top three nations in the world with the availability of talent in the blockchain industry. 

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China set to explore blockchain technology to facilitate electricity trading

The China Energy Administration (CEA) is investigating the use of blockchain-based power trading platforms. According to the Institute of Electrical and Electronics Engineers (IEEE), the immutable property of blockchain technology may enable transparent and trustworthy power metering as well as evidence of transactions. 

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China set to investigate the use of blockchain-based power trading platforms.
China set to investigate the use of blockchain-based power trading platforms.

Meta, Qualcomm sign pact on custom virtual reality chips

On Sep 2, Meta Platforms Inc (META.O) signed an agreement to have chip-maker Qualcomm Inc (QCOM.O) produce custom chipsets for its Quest virtual reality (VR) devices. Meta has been investing heavily in technologies like pass-through goggles and augmented reality glasses as it tries to bring to life Zuckerberg’s vision for the metaverse.

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META signed to have Qualcomm produce custom chipsets for its VR devices.
META signed to have Qualcomm produce custom chipsets for its VR devices.
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