![Weekly Wrap: What's Happening in the Metaverse This Week? [May 23, 2022] | CoinMarketCap](https://i.headtopics.com/images/2022/5/23/coinmarketcap/weekly-wrap-what-s-happening-in-the-metaverse-this-week-may-23-2022-coinmarketcap-1528730995100647425.webp)
What's fun in the metaverse this week, researched with nansen_ai? 👀 From the first metaverse wedding in UAE held on decentraland, to Sony outlining ambitious plans for the metaverse. Let's find out! 👇
, others view it as an avenue for monetization. Japanese multinational conglomerate Sony is set to join the train with big plans to embrace the tech., Sony CEO Kenichiro Yoshida gave some insights into the company’s plans for the metaverse. The PS5 maker is gearing up to roll out new products that span gaming, music, sports, and even film and TV shows.
For instance, Sony will tap on its broad online network to deploy immersive gaming experiences through live games. It also plans to host live music events similar to Fortnite’s concerts, as well as create virtual spaces for live sports broadcasts. Given the recent comments made by the CEO, it appears the company has some lofty plans to capture a share of the metaverse market. Needless to say, Sony’s involvement with the industry is not new.“We are also confident that Epic’s expertise, including their powerful game engine, combined with Sony’s technologies, will accelerate our various efforts such as the development of new digital fan experiences in sports and our virtual production initiatives.
“With [Games Fund One], we will continue to add more functions and develop deeper networks that are tailored to the games ecosystem so we can help our portfolio companies with everything from building digital communities, to managing their virtual economies, to IP licensing best practices, to helping build their development teams.”
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