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4 Metaverse Stocks To Watch Right Now | News

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Investors unsure of what stocks to buy in the stock market today may consider investing in metaverse stocks. For those who are new to the space, the metaverse is defined as a digital, three-dimensional world that’s immersive and accessible in real-time. In particular, the metaverse allows for users to virtually interact and hang out with one another, host entertainment events, purchase virtual goods and services, and more. Although metaverse stocks have seen weakness in the past few months, that might soon be changing.

Just yesterday, Meta Platforms (NASDAQ: META), Nvidia (NASDAQ: NVDA), and several other major players in the industry came together to form the Metaverse Standards Forum. In brief, the consortium was formed as a means to foster the development of an industry-standard that would make the companies’ digital worlds compatible with each other. Thus, this would make it easier for developers to build across different platforms. Besides, the Metaverse Standards Forum is free to join and plans to focus on ‘pragmatic, action-based projects’ like hackathons and open source tooling. Khronos Group, a nonprofit consortium working on AR/VR, artificial intelligence, machine learning and more, will reportedly be leading the forum. Given these developments, here are four metaverse stocks to watch in the stock market today.

Lowe’s 

Starting us off today is Lowe’s,a home improvement company. The company offers a range of products for maintenance, repair, and decorating. Consumers can also access its products and services through its websites and mobile applications. Here, customers can find online product information, customer ratings and reviews, and other vital information. The company also notes that it has 5 focus areas to drive market share acceleration. Notably, this would include accelerating its online business.

Yesterday, Lowe’s announced that it is expanding its footprint into the metaverse. Namely, it will be utilizing the metaverse’s virtual space to provide a means for builders to imagine their projects. However, unlike other retailers that chose a particular virtual platform or game, Lowe’s metaverse assets are all available for free on Lowe’s Open Builder, its newly launched asset hub. This would include free downloads of 500 of its product assets including items such as chairs and shelves.  While this is the company’s first step into the metaverse, the company has been using emerging technology to help customers gain inspiration and more easily visualize and plan their home improvement projects. Through this, Lowe’s is uniquely positioned to leverage emerging technology to help customers imagine the possibilities. As such, is LOW stock a buy?

LOW stock chart
Source: TD Ameritrade TOS

Unity

Another notable name in the metaverse industry is Unity. For those unaware, the company provides a platform for creating and operating interactive, real-time 3D content. On one hand, its Operate Solutions enable customers to create and monetize their content across a range of third-party content distribution platforms. On the other hand, its Create Solutions are used by content creators and designers to create interactive 2D and 3D content. Earlier this month, Unity entered into a partnership with Gala Games in a deal worth $20 million.

For those unfamiliar, Gala is a Web3 gaming and entertainment company. It is involved in publishing various games that are funded by sales from non-fungible tokens (NFTs) and its own GALA token. Under the deal, Unity will be providing its professional services to work on an ambitious metaverse project with SimCity creator Will Wright. Specifically, Unity will be using its development and real-time 3D platform expertise for VOXverse, the metaverse for Gala Games’ VOX Collectible Series. As it stands, Gala Games has the support of about 1.3 million players and has 28 games in development. With this partnership in the works, should you invest in U stock?

U stock chart
Source: TD Ameritrade TOS

Autodesk

Similar to Unity, Autodesk specializes in 3D design. Its products include AutoCAD Civil 3D, architecture, engineering and construction collection, Autodesk Build, Revit, Fusion 360, and many more. In addition, the company’s product development and manufacturing software provide manufacturers in the automotive, transportation, industrial machinery, and building product industries. Naturally, a company of this nature could likely be in a prime position to capitalize on a metaverse future.

Last month, the company posted its financial results for the first quarter of the year. Getting straight to it, Autodesk posted a total revenue of $1.17 billion, beating analyst estimates of $1.15 billion. Compared to the same period last year, revenue rose by 18%. As for its earnings, the company reported earnings of $1.43 per share, exceeding the $1.35 consensus estimate. In the same earnings report, Autodesk shared its outlook for the second quarter. Notably, it forecasts net revenue to be between $1.22 billion to $1.235 billion. As for profits, it expects adjusted earnings to range between $1.54 and $1.60 per share. Given the strong quarter, should you be watching ADSK stock?

ADSK stock chart
Source: TD Ameritrade TOS

Microsoft 

Last, but not least, we have Microsoft. It is a tech company that enables digital transformation for the era of the intelligent cloud and intelligent edge. The company’s cloud computing service includes Microsoft Azure, which supports many different programming languages, tools, and frameworks. Microsoft Office, on the other hand, is the company’s productivity tool that is used by hundreds of millions of users around the globe. MSFT stock has fallen by over 20% this year, in line with the broader market weakness. Could it be trading at an attractive valuation now?

At the company’s Build 2022 conference last month, Microsoft discussed its metaverse strategy moving ahead, which largely involves its Teams collaboration platform. Mesh for Microsoft Teams will serve as the home for the company’s workplace metaverse. Through Mesh, employees can hold immersive meetings which will allow participation via laptop, HoloLens or VR headset. Besides that, virtual brainstorming using a virtual whiteboard in the metaverse is another possible scenario. Microsoft also highlighted Mesh’s potential for all-hands meetings, workshops, and large-scale events. With the company touting the various uses of Microsoft Mesh, should you add MSFT stock to your watchlist?

MSFT stock chart
Source: TD Ameritrade TOS

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Recently ‘Metawhale World’ has announced launch of World’s First NFT Museum in Metaverse

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Blockchain technology has significantly transformed the realm of business in a plethora of ways and for sure, has opened up numerous opportunities for savvy entrepreneurs, market enthusiasts and budding investors. It has given people a completely new platform for creative, innovative and unique methods of wealth creation. Things like NFTs, Cryptocurrency, and the Metaverse have created quite a stride in recent times and are drawing the attention of people across the globe and India is no exception. Keeping this in mind, Rahul Kaushik, a well-known Delhi-NCR based entrepreneur, has recently launched ‘Metawhale World’, a blockchain-based platform that allows its users to build and monetize their gaming experience. The launch of the platform took place on April 28, 2022 at the posh 5-star hotel, Sahara Star, situated in India’s financial capital.  

Since its launch, Metawhale World has been the talk of the town for all the positive reasons and one of the major aspects for the same is because the innovative blockchain-based platform allows the rightful ownership of the creation to all its existing gamers alongside rewarding every participant with their exclusive utility token-MTW. Moreover, for ensuring complete data protection and providing security, they have developed a decentralised control system that restricts creator ownership in the current gaming market. The virtual platform also allows its community members to have complete access and control over their work, ranging from 3D arts to gaming assets. Unlike the other existing platforms in the market that are complex and hard to navigate for the people, Metawhale World is developed in a way that is easy to use and has a wide adoption that validates the network. The platform also allows all kinds of brands to promote their services and products. These things have significantly made it one of the most promising and reliable blockchain-based platforms in India. 

With the vision to help Indians understand and get connected to the fascinating world of Blockchain, Rahul Kaushik, an astute and a visionary entrepreneur, launched Metawhale World with his Co-Founder, Rahul Pabby. Rahul has always been someone who understands the market like a maven and is someone who believes in beginning innovation to the table. Through Metawhale World, he has successfully proved his mettle but he is someone who believes in the phrase that “The day you think I have achieved it, it’s over” and keeping this in his belief, he has taken his next big move that is all set to disrupt the realm of NFTs (Non-Fungible Tokens). 

Taking things to the next level, Rahul Kaushik has recently announced two big moves during a mega event held at the Hotel Glitz Westend Inn, situated in the National Capital on June 26th, 2022. He along with Rahul Pabby (Co-Founder), Gunjan Shekawat (Director), Vishal Raj (Chief Communication Officer), Manish Arora (Chief Marketing Officer) and Ullas Sirdesai (Chief Finance Strategist) has officially announced the launch of the world’s first NFT Museum. During the event, more than 350 entrepreneurs and other big names like Prahladbhai Modi, Deepak Londe, Prashant Mandekar and Rajuseth Oswal were present who appreciated the new initiative taken by Meta Whale World. The first-of-its-kind which will display digital artworks for anyone who is having a strong internet connection. The soon-to-be-launched museum will also be able to extend access without diluting the monetary value of the plethora of listed digital artworks. Apart from this, designers and curators will also be able to make the exhibitions as imaginative and as immersive as they would like while spending less time and capital. 

The second major announcement made at the event was that IgniteChain would be teaming and partnering up with Metawhale World to release a variety of digital collectibles on the blockchain network. These two brands coming together is likely to generate huge buzz in the world of NFTs. Representing IgniteChain, JM Narola (CEO), Umesh Mistry (COO), Vimal Panchal (CMO), Hardik Vaghela (CTO), Hemant Jass (Head of Advisory) and Piyush Jain (Advisory Member) were also present at the event. This partnership between both the renowned platforms is aimed at bringing a 360-degree transformation in the realm of NFTs and through this move, IgniteChain has opened doors for many developers, projects and applications to build decentralised solutions for the web3 community. IgniteChain which will be partnering with Metawhale World is a decentralised blockchain network working on PoS consensus combined with reward based validation protocol PoR (Proof-of-Reward). They make it easier to utilise blockchain networks across different sectors including enterprises, governmental and decentralised finance. 

Metawhale World, a blockchain based platform that was launched recently, under the leadership of Rahul Kaushik, allows users to build and monetize their gaming experience. The Binance Blockchain powered the platform and uses MTW’s utility token. Meta Whale World will allow actual ownership of the creation to all its existing gamers, and they even promise to reward every participant with their exclusive utility token-MTW. Further, for data protection and ensuring security, they have developed a decentralized control system that will restrict creator ownership in the current gaming market.  

Now, with these two moves, Metawhale World, is all set to take the world of NFTs and Metaverse to the next level and Rahul Kaushik is leaving no stones unturned to achieve this. 





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iClick Interactive Releases Metaverse Livestreaming Mobile App Arohar

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Brings livestreaming to the metaverse for the first time

HONG KONG, June 27, 2022 /PRNewswire/ — iClick Interactive Asia Group Limited (“iClick” or the “Company”) (NASDAQ: ICLK), a leading enterprise and marketing cloud platform in China that empowers worldwide brands with full-stack consumer lifecycle solutions, today announced the launch of Arohar, its proprietary live streaming enhancement mobile application that integrates AI, AR and interactive 3D avatars to bring a brand new metaverse-based live streaming experience to users. iClick’s flagship product, Arohar, for KOL promotion in overseas markets represents a new SaaS paradigm for live streaming.

(PRNewsfoto/iClick Interactive Asia Group Limited)

(PRNewsfoto/iClick Interactive Asia Group Limited)

According to the global consulting firm PricewaterhouseCoopers (“PwC”), the metaverse-related market is estimated to reach USD467.4 billion by 2025. Featuring immersive virtual backgrounds and effects, and the ability to create real-time facial animation avatars through AR technology, Arohar’s all-in-one livestreaming solution marks iClick’s first step into the metaverse market. Arohar currently enables users to access Meta and other overseas metaverse platforms, and future upgrades will help accelerate the development of the metaverse ecosystem and promote the transformation of the live streaming industry.

Arohar brings exciting new features to livestreaming including 3D avatars with AR facial micro-expression tracking and real-time facial animation and immersive virtual backgrounds through the AI image processing technology. Arohar is able to instantly detect the physical features of the live streamer and generate a clear virtual likeness and background without a green screen. Through these innovations, Arohar delivers a cutting-edge metaverse livestreaming experience that allows users to enjoy eight key features:

  • Access to high quality virtual backgrounds;

  • Create real-time animated 3D avatars;

  • Enhance facial features with beauty and makeup filters;

  • Use multi-scene switching to ensure smooth and attractive live streaming;

  • Remote control of live streaming via App or Bluetooth;

  • Share mobile game streams with friends and fans seamlessly via screen sharing;

  • Enhance live streams through built-in massive live streaming resources;

  • Support live streaming to multiple social media platforms such as Facebook Live, YouTube, Twitch, Twitter, Instagram and more.

Frankie Ho, iClick’s President of International Business said, “We are very excited to announce the overseas launch of Arohar, a breakthrough solution that empowers metaverse livestreaming under our ‘SaaS+X’ business model. Arohar will be a key driver in our overseas market strategy as we focus on innovation to drive robust growth. iClick will continue to seek business opportunities in the metaverse while further accelerating the development of our SaaS product matrix to address brands’ challenges in the face of rapidly evolving business models and market.”

Arohar is now available on Google Play Store and Apple App Store in North America. For more information, please visit arohar.app.

About iClick Interactive Asia Group Limited

Founded in 2009, iClick Interactive Asia Group Limited (NASDAQ: ICLK) is a leading enterprise and marketing cloud platform in China. iClick’s mission is to empower worldwide brands to unlock the enormous market potential of smart retail. With its leading proprietary technologies, iClick’s full suite of data-driven solutions helps brands drive significant business growth and profitability throughout the full consumer lifecycle. Headquartered in Hong Kong, iClick currently operates in eleven locations across Asia and Europe. For more information, please visit https://ir.i-click.com.

Safe Harbor Statement

This announcement contains forward-looking statements, including those related to the Company’s business strategies, operations and financial performance. These statements constitute “forward-looking” statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Such statements are based upon management’s current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s fluctuations in growth; its success in implementing its mobile and new retail strategies, including extending its solutions beyond its core online marketing business; its success in structuring a CRM & Marketing Cloud platform; relative percentage of its gross billing recognized as revenue under the gross and net models; its ability to retain existing clients or attract new ones; its ability to retain content distribution channels and negotiate favourable contractual terms; market competition, including from independent online marketing technology platforms as well as large and well-established internet companies; market acceptance of online marketing technology solutions and enterprise solutions; litigation and negative publicity surroundings China -based companies listed in the U.S.; effectiveness of its algorithms and data engines; its ability to collect and use data from various sources; its ability to comply with existing or future laws and regulations related to data protection or data security; ability to integrate and realize synergies from acquisitions, investments or strategic partnership; the duration of the COVID-19 outbreak, including the emergence of COVID variants, and its potential impact on the Company’s business and financial performance; fluctuations in foreign exchange rates; general economic conditions in China and other jurisdictions where the Company operates; and the regulatory landscape in China and other jurisdictions where the Company operates. Further information regarding these and other risks is included in the Company’s annual report on Form 20-F and other filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

iClick Interactive Asia Group Limited
E-mail: press@i-click.com

The Foote Group
Philip Lisio
E-mail: phil@thefootegroup.com

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View original content to download multimedia:https://www.prnewswire.com/news-releases/iclick-interactive-releases-metaverse-livestreaming-mobile-app-arohar-301575567.html

SOURCE iClick Interactive Asia Group Limited



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Infosec leaders decode new workspace opportunities in Metaverse – Back End News

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True to its vision of ensuring cybersecurity in the Philippines, the Information Security Officers Group (ISOG) conducted the second installment of its 2022 virtual Metaverse forum series on June 23.

Anchored on the overall theme of “Traversing Beyond the Realm of Cyberspace.” the seconnd Metaverse forum focused on the discussions of the adjustment of each enterprise in the new norm and the measures being done in the integration of the metaverse in their operations. The virtual forum presented diverse and radical insights and significant business opportunities and solutions from great minds.

“This forum underscores our initiative and effort to design, create, and sustain a unified solution in the undertaking of Metaverse in the banking industry. We continue to collaborate with our partner institutions and stakeholders to address concerns and promote safe and effective use of the metaverse for business,” said Archie Tolentino, ISOG President and Landbank of the Philippines’ Chief Information Technology Security Officer.

ISOG forum zooms in on securing banking industry in Metaverse
ISOG to hold 2022 Metaverse forum, Cybersecurity Excellence Awards

Joining this virtual forum are field experts, decision-makers, and cyber leaders including banking Metaverse pioneer in the Philippines, Union Bank Senior Executive Vice President, Chief Technology and Operations Officer, and Chief Transformation Officer Henry Rhoel Aguda.

Zero Trust

Cybersecurity professionals also gained insights into the Data Reliability & Accessibility within the Security Framework delivered by Arnie Alvarez, the Chief Technology Officer and IT Director of the Enterprise Business Group of Huawei Technologies Philippines. They also gained perspectives on the Bangko Sentral ng Pilipinas (BSP) ‘Financial Services Cyber Resilience Plan presented by Mhel Plabasan, chief person for the agency’s supervision of technology and cybersecurity risk including emerging technologies.

Forum delegates have imparted a knowledge of the concept and implications of the Metaverse and the significance of artificial intelligence in ensuring cyber security through the presentation of Tony Jarvis, Director of Enterprise Security (APJ) of Darktrace. Meanwhile, Palo Alto Network’s Field Chief Security Officer Ian Lim tackled Zero Trust as a guiding principle in securing an organization’s journey into the Metaverse. More exciting Metaverse topics were presented by Exceture’s Chief Information Security Officer and Head of Information Technology Consulting & Software Engineering Mario Demarillas, and BlueVoyant’s Chief Operating Officer Tal Blaustein.

Forum delegates were also engaged in a comprehensive panel discussion entitled “Decoding the New Workspace in the Metaverse”. It was an avenue where industry experts addressed concerns and queries about the virtual presentations. Joining the first panel were Unionbank’s Henry Aguda, Darktrace’s Tony Jarvis, BSP’s Mhel Plabasan, and Huawei Technologies Philippines’ Arnie Alvarez. The second panel discussion with the topic “The Metaverse: Revolutionizing Opportunities” was headlined by Palo Alto’s Ian Lim and Exceture’s Mario Demarillas. Both panels were moderated by SQrity Consulting CEO & President, Ricson Singson Que.

Two more forums

“To make the most of the opportunities in the Metaverse without sacrificing any aspect of the business, it is crucial for information security professionals to be equipped with the right knowledge of this new digital ecosystem. Rest assured that ISOG will support them as they continue protecting cyberspace,” said ISOG’s Vice President Chito Jacinto.

The second installment of the virtual cybersecurity forum was supported by the Bangko Sentral ng Pilipinas, Bankers Association of the Philippines, National Privacy Commission, and the Department of Information and Communications Technology. The last two virtual forums of this series are slated for July 21 and Sep. 1.

Since 2015, ISOG has been organizing programs and events to strengthen cybersecurity awareness and secure network infrastructure in the Philippines. For more details about ISOG and its campaigns, visit ISOG’s official website at http://www.isog-org.ph and socials at LinkedIn: ISOG (Information Security Officers Group), Facebook: ISOGPH, and YouTube Channel: ISOG SUMMIT.



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