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A ‘very ambitious’ $100M Metaverse R&D hub is being built in Melbourne

Coin Telegraph LogoCoin Telegraph1w ago

A ‘very ambitious’ $100M Metaverse R&D hub is being built in Melbourne

Quick Summary

"We’re really designing a whole world,” Two Bulls founder James Kane said about the role his business will play in the yet-to-launch metaverse.

It has to have a functional economy, it has to be properly moderated, it has to have all of these different components that is going to make it an enjoyable place to be.

A lot of new areas will need to be explored for the project not only in terms of hardware and software but in the system’s economics and gamification also.


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Article Details

Author / Journalist: Cointelegraph By Jesse Coghlan

Category: Crypto

Topics: Decentraland Melbourne metaverse hub Translucia Virtual worlds Two Bulls Virtual reality Sandbox Meta Metaverse businesses Thailand Metaverse

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 06:29:26

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Reading Time: 3 minutes read

Article Length: 449 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 5680

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About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 13 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 7h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #11

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