Yahoo is gearing up to present Metaverse-related happenings for the local community in Hong Kong.

Yahoo is planning an array of events centered around the Metaverse and NFTs, including exhibitions and concerts, particularly for the inhabitants of Hong Kong. This follows soon after other significant announcements. Meta announced This initiative also aims to foster future partnerships with local entities in Hong Kong to bring the technology of the Metaverse to the forefront.

Participants can expect virtual events showcasing local talents and celebrities, primarily hosted within Decentraland’s Metaverse. Studies indicate that nearly 86% of Generation Z anticipate a fusion of virtual experiences with real-life interactions, while over 80% of people in Hong Kong are enthusiastic about delving into virtual realities. SCMP Due to ongoing COVID-19 restrictions, residents in Hong Kong face limitations that require a negative test result to enter social venues like restaurants. The virtual realm, however, allows individuals to connect globally, providing a valuable lifeline during these lockdown periods.

This week, Yahoo is launching its inaugural NFT exhibition called 'The Abyss of Kwun Tong.' This exhibition will highlight the vibrant and historically significant neighborhood of Kwun Tong, which has undergone considerable redevelopment in recent years.

"Yahoo Hong Kong has always been committed to delivering a comprehensive array of online services that align with everyday needs, employing the latest technological advancements to boost the user experience. Our goal is to utilize the Metaverse as a means of connecting people across different times and locations,\" says Lorraine Cheung, head of audience at Yahoo Hong Kong.

In recent trading activity, Decentraland’s token, MANA, has seen an increase of nearly 4% in the past 24 hours, currently priced at $0.84. Like many altcoins, its value has dipped by about 15% over the last week. said The Sandbox has successfully introduced a range of prominent businesses, including Standard Chartered and Regal Hotels, into the Metaverse, enhancing their digital presence.

Hong Kong is set to become the venue for a significant NFT exhibition, dubbed ARTAVERSE.

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