LG Bringing Metaverse to TVs | H&M Launches Loooptopia | Canon Focusing on Metaverse Products & more

Here’s your weekly roundup of what’s happened this week in a simple, easily digestible email every Friday. Let’s get started.

“Metaverse isn’t a thing a company builds. It’s the next chapter of the internet overall.” - Mark Zuckerberg

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LG Electronics is bringing the metaverse to consumers, by collaborating with cloud-based technology platform Oorbit and Pixelynx. This partnership will allow LG smart TVs users to explore interconnected virtual worlds, concerts and artificial intelligence multiplayer games.

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Retail fashion brand H&M is launching ‘Loooptopia’ on Roblox. The immersive metaverse experience offers fans a chance to discover their digital fashion identities, whilst centring the experience around fun. 

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Canon is shifting its future towards the metaverse. During their CES press conference the Japanese corporation focused solely on metaverse geared products. Canon is notably working on a new virtual reality space ‘Komoko’ which allow users to communicate face-to-face.

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Consumers and businesses are getting more interested in the metaverse, according to a report by Accenture. 55% of the consumers surveyed see the metaverse as a business opportunity for creating and monetising content. Also, 89% of C-suite executives believe the metaverse will have an important role in their organisation’s future growth.

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Ixana unveiled at CES 2023 a new way to transmit information through the human body using the electromagnetic field surrounding it. Ixana’s technology, called Wi-R, makes use of the body’s natural ability as a conductor, which could power the future of the metaverse. The company believes that this technology is much more power efficient than today’s VR headsets.

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See you next week for your weekly digest of metaverse news. This newsletter is brought to you by Metalinq - Let us know what you think of this newsletter on Twitter.

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