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- Users will be able to participate in virtual music concerts, film sets, talent hunts, and movie clip production in the metaverse, as well as other immersive online entertainment events.Users will be able to acquire non-fungible tokens on an e-commerce platform modelled after Shanghai Street malls in the film-themed metaverse (NFTs).
- With traditional entertainment facilities like as theatres in Hong Kong being closed due to the coronavirus, the entertainment business is turning to the metaverse to provide patrons with socially-distant virtual experiences.
- The Sundance Film Festival was presented in the metaverse this year, and MContent, a digital content marketplace, held an immersive virtual reality film screening in Dubai to promote the launch of their “Cineverse” service.
Hong Kong, officially the Hong Kong Special Administrative Territory of the People’s Republic of China (HKSAR), is a Chinese metropolis and special administrative region on the Pearl River Delta’s eastern bank. Hong Kong is one of the most densely inhabited areas on the planet, with approximately 7.5 million citizens of diverse nationalities living in a 1,104-square-kilometer (426-square-mile) territory. Hong Kong is also one of the world’s most developed cities. While cinemas remain closed due to local Covid limitations, Hong Kong-based film production business National Arts Entertainment Group stated it is developing a metaverse recreation of the Xiqiao Shan filmmaking studio.
A metaverse is a collection of 3D virtual worlds designed to foster social interaction. It is sometimes defined as a hypothetical iteration of the Internet as a single, universal virtual environment that is assisted by the usage of virtual and augmented reality headsets in futurism and science fiction.
Users Will Be Able To Participate In Virtual Music
The National Palace Museum, Kowloon Walled City, Hong Kong Street, and Shanghai Street are also popular filming locations for the Xiqiao Shan filmmaking studio. Users will be able to participate in virtual music concerts, film sets, talent hunts, and movie clip production in the metaverse, as well as other immersive online entertainment events.
Users will be able to acquire non-fungible tokens on an e-commerce platform modelled after Shanghai Street malls in the film-themed metaverse (NFTs). The initiative is a collaboration between National Arts Group, the studio’s parent business, National Treasure, and First Bullion, the Philippine crypto exchange CryptoSX’s holding company.
The Entertainment Business Is Turning To The Metaverse
With traditional entertainment facilities like as theatres in Hong Kong being closed due to the coronavirus, the entertainment business is turning to the metaverse to provide patrons with socially-distant virtual experiences.
The Sundance Film Festival was presented in the metaverse this year, and MContent, a digital content marketplace, held an immersive virtual reality film screening in Dubai to promote the launch of their “Cineverse” service.