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Tencent Metaverse Plan – 2023

Tencent Metaverse Plan – 2023

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The video gaming and social media giant Tencent has finally rolled out its plans for its metaverse; Tencent Metaverse!

Tencent shared the teaser plans for the metaverse in its earning calls. Before Tencent, it was Facebook that took initiative and shared its $10 billion investment plans for the metaverse.

Tencent Metaverse Plan
Tencent Metaverse Plan

Zuckerberg’s plan didn’t provide much for the investors and enthusiasts as it was confusing. On the contrary, Tencent’s metaverse plan appeared more precise and measured.

Tencent Metaverse Plan

Let’s have a look at Tencent’s approach to the metaverse and how it has provided more than enough for investor speculations.

Tencent’s CEO Pony Ma let people know about metaverse and said, “Anything that makes the virtual world more real and the real world more rich with virtual experiences can become part of the metaverse.”

Other executives also chipped in with more definitions and explanations on the metaverse. Tencent also shared its approaches and “pathways” to the metaverse. The two pathways to metaverse shown by Tencent are video games and social media.

Video games are the most obvious way to create metaverse as it is Ten-cent’s largest revenue driver. According to Ma, There are several ways to carry out metaverse in video games like highly interactive games, multiple games under one common IP, a unique and common platform or infrastructure to make games.

Tencent Metaverse Plan
Tencent Metaverse Plan

The ideas are already in the application phase by Ten-cent in its portfolio companies like Epic Games, Roblox, and Discord.

As for the social media pathway, Ma said that it could be a mega social network that could be, “gamified and supports much more programmable experiences.” James Mitchell, Tencent’s chief strategy officer added.

“One needs to both provide the 3D graphics capabilities… the one with the server-based community” and “provide the UGC and PGC tools that the game companies need.”

The last plan shared by Ten-cent on metaverse is a pathway that could be “real-world experience but augmented by augmented reality and virtual reality.”

As of now, Ten-cent didn’t share any deadlines or timelines on the project. Stay with us for more.

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Tencent Metaverse Plan – 2023

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Tencent Metaverse Plan – 2023

P2E News, short for “Play-to-Earn News,” is a category of updates and information within the broader spectrum of Crypto News, Web3 News, NFT News, and Blockchain News. These terms are all interconnected and represent various facets of the rapidly evolving digital landscape.

Play-to-Earn (P2E) is a gaming model that has gained immense popularity within the crypto and blockchain communities. In P2E games, players can earn cryptocurrencies or NFTs by participating in the game, often through activities like completing quests, collecting items, or trading assets. P2E News covers developments, announcements, and trends related to these innovative gaming experiences that allow players to monetize their in-game efforts.

Crypto News, on the other hand, focuses on the broader world of cryptocurrencies, including Bitcoin, Ethereum, and a multitude of altcoins. This category encompasses news about market trends, regulatory changes, new blockchain technologies, and updates related to various tokens. Crypto News is a fundamental aspect of the blockchain ecosystem, as cryptocurrencies serve as the primary means of value transfer and exchange within the Web3 space.

Web3 News is an umbrella term that refers to the next-generation internet, often characterized by decentralized applications, blockchain technology, and smart contracts. The Web3 ecosystem seeks to provide a more user-centric and decentralized internet experience. This category of news covers developments in decentralized finance (DeFi), non-fungible tokens (NFTs), and various other applications built on blockchain technology. For the ultimate and best play to earn games list, check our friends of playtoearngames.com.

NFT News focuses on Non-Fungible Tokens, unique digital assets that are indivisible and represent ownership of a specific item, artwork, or collectible. NFTs have gained prominence in the art world, gaming industry, and entertainment sector. NFT News keeps enthusiasts informed about NFT sales, new projects, and partnerships within the NFT space.

Blockchain News pertains to the foundational technology behind cryptocurrencies and Web3 applications. Blockchains are decentralized ledgers that record transactions across a network of computers, ensuring transparency and security. Updates in this category might include innovations in blockchain consensus mechanisms, interoperability between different blockchain networks, and industry applications beyond cryptocurrencies.

In summary, P2E News is a niche subset of Crypto News, Web3 News, NFT News, and Blockchain News. It focuses on gaming experiences where players can earn cryptocurrencies or NFTs, while the other categories encompass a broader range of topics within the decentralized digital landscape, including cryptocurrencies, web3 technologies, NFTs, and blockchain advancements. Collectively, these categories shape the landscape of the digital economy, offering insights into how technology is revolutionizing various aspects of our lives.