Testing of digital collectibles will also begin with Hong Kong creators who will be able to share their own non-fungible tokens (NFTs) on Instagram, said the statement from Meta.
Augmented Reality (AR) training workshops will also be created for educators and secondary school students. There will also be a short film showcase and a new recognition initiative to support the convergence of film, visual media and technology. According to a statement, Meta’s metaverse plan for Hong Kong includes virtual reality (VR) experiences and exhibitions at local cafés and public spaces. The vast majority of the $17.7bn worth of NFTs traded last year were for visual artworks, games and collectibles, according to market tracker, the parent company of Facebook, Instagram and Whatsapp, will roll out a series of new metaverse initiatives in Hong Kong, enabling HongKongers to better understand metaverse’s potential across industries. NFTs use blockchain technology to certify ownership of digital assets. Other social media companies, including Twitter and Reddit, are also working to build new features for displaying or trading NFTs. This week, Facebook founder Mark Zuckerberg confirmed a Financial Times report earlier this year that Instagram would soon start to support NFTs. Spotify is the latest tech giant to venture into NFTs and head off potential competition from crypto start-ups. Financial Times: Two recent job ads show Spotify is recruiting people to work on early stage projects related to "Web3," a tech buzzword for a blockchain-powered network that some crypto enthusiasts hope will wrestle control back from the Big Tech platforms that dominate today's internet. Spotify is drawing up plans to add blockchain technology and non-fungible tokens to its streaming service, fuelling excitement in the crypto and music industries about the potential of NFTs to boost artists' earnings.
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