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Yahoo will organize Metaverse and NFT-related events, such as exhibitions and concerts, for Hong Kong residents. The news comes shortly after Meta announced future collaborations with local businesses in Hong Kong to introduce Metaverse technology.
The virtual activities featuring local celebrities and artists will take place in Decentraland’s Metaverse. According to SCMP, around 86% of Gen Z expect digital experiences and interactions to blend with the real world. Over 80% of Hong Kong locals are keen on exploring virtual and immersive experiences.
Currently, the Hong Kongese are restricted by COVID-19 limitations and are required to have a negative test before entering social places such as venues and restaurants. Through the virtual world, people can connect anywhere in the world, which helps with lockdowns.
Yahoo launches the first NFT exhibition this week: “The Abyss of Kwun Tong.” It will be about the popular Hong Kong neighborhood, which was one of the first developed urban areas in the city and has been actively redeveloped in the past years.
“Yahoo Hong Kong has always been providing a wide range of online services that are relevant to people’s daily lives, including using the latest technology to improve and enhance the user experience. We hope to use the metaverse to connect people regardless of time and physical location,” said Lorraine Cheung, head of audience at Yahoo Hong Kong.
Decentraland’s native token MANA is up almost 4% in the last 24 hours with a current price of $0.84. Similarly to other altcoins, the token has been down by nearly 15% in the past seven days.
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