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Facebook Pay is becoming Meta Pay. Mark Zuckerberg the rebranding on Wednesday, calling the change a “first step” toward Meta creating a digital wallet for its vision of the metaverse. In the immediate future, the software won’t change too much. You can still use it to send your friends and family members money over Facebook, Instagram and WhatsApp, as well as to pay for purchases and donate to charitable causes.
Moving forward, however, Zuckerberg says he envisions a future where Meta Pay will function as a universal wallet for all the digital items you buy or create in the metaverse. “Proof of ownership will be important, especially if you want to take some of these items with you across different services,” he said. “Ideally, you should be able to sign into any metaverse experience and everything you’ve bought should be right there.”
Put another way, Zuckerberg hopes that Meta Pay becomes the de-facto wallet of the metaverse. He admits the kind of interoperability he’s describing is a long way away but claims it would “deliver much better experiences for people and larger opportunities for creators.” It almost goes without saying, but Meta would almost certainly be the greatest beneficiary of the ecosystem Zuckerberg describes. The company recently confirmed it’s taking a nearly from digital asset sales in Horizon Worlds. A wallet app is another way for the company to earn money on the back of metaverse creators.
Korean IT majors are eager in grooming their metaverse venues as open-source platforms for growth and diversity to gain global competitiveness.
Zepeto, metaverse platform operator under Korean internet giant Naver, is providing more virtual spaces where players can play game within its Zepeto metaverse this year, according to industry sources. Naver Z has added a feature that allows players in Zepeto to create games using cross-platform game engine developed by Unity.
Nexon, a major video game publisher, is working on metaverse project dubbed MOD based on its blockbuster title MapleStory. In MOD, players will be given access to MapleStory characters, background images and other various items used in the role-playing game to create their own video game.
Nexon ran a game developing contest for MOD last year, where 180 out of 297 contestants contributing in adding game options.
The company plans to open full-fledged platform at home and abroad with features enabling creators to collaborate on game development for profit. It is confident the new project would be a success since MapleStory is played by more than 200 million in 130 countries across the world.
SK Telecom, a major wireless carrier, has been upgrading its metaverse platform Ifland by enabling avatar characters with greater functions and role.
Korean IT names are hoping for a metaverse jackpot like Roblox, an online game platform that has thousands of games created by players themselves with those played by other users. Its ecosystem is expanding rapidly with daily active user count jumping 28 percent in a year to 5.4 million and trade made with Robux, Roblox’s in-game currency, amounting to $224 million in the first quarter 2022.
Traditional video contents creators are joining the bandwagon.
Redwoods, a local TV show production house, has teamed up with Kakao Enterprise to open a contents creation studio for metaverse platforms. The two signed an agreement last Friday to open a metaverse contents studio within Redwoods Park to be built in Wonju city in Gangwon Province.
By Lim Young-shin, Lee Jae-cheol and Cho Jeehyun
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]
HTC is expected to launch a new mobile phone with metaverse features on Tuesday, as the virtual reality (VR) gear and smartphone maker continues its Web3 expansion.
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