New Metaverse Moves: Big Tech, Auto Giants, Headsets

The Metaverse applications field is growing bigger with new players embracing the technology and coming in. What’s new on the virtual realm agenda?

Big Tech

New entities have just launched in the Sandbox’s big metaverse city: Southeast Asia’s largest bank DBS, which is a subsidiary of Hong Kong-based game software company and one of the biggest Web 3.0 names Animoca Brands – has signed partnership for creating a unit of virtual real estate in metaverse. This will then be developed with immersive elements to create DBS BetterWorld – an additional engagement platform for customers. Previously, Standard Chartered Hong Kong announced a metaverse partnership earlier this year.

Similar announcement came from another tech mogul from Asia, MBC (Munhwa Broadcasting Corporation), one of South Korea’s four national television and radio networks. The partnership will expand to a virtual production studio, metaverse content creation for users, and more.


If one can go to a virtual bank or a digital fashion store in the Metaverse, they will definitely need a good ride for that. American automotive giant Ford has just filed a total of 19 trademark applications covering its car brands like Mustang, Bronco, Lincoln, Explorer – to create Metaverse activities such as virtual cars, trucks, vans, SUVs and clothing for its brands and also cover a proposed online marketplace for NFTs. 

Renault has also made a big move into the Sandbox Metaverse. “The partnership would build around offering new types of experiences that combine automobiles and digital assets in The Sandbox,” said Cindy Lee, CEO of The Sandbox Korea.

And if automotive efforts weren’t enough, Dubai’s Mohammed bin Rashid Space Centre (MBRSC) started exploring new destinations and announced its support in the development of the Metaverse that will simulate the UAE’s manned 2117 Mars mission. This first-of-its-kind project will be led by BEDU, Dubai’s foremost pioneer in Web3 technologies and solutions.

Hardware Game Strong

VR headsets are true pillars of all Metaverse experiences, and as Meta recently announced a partnership with mobile chip company Qualcomm to produce chips geared for the metaverse application market, TikTok parent company ByteDance is developing Pico 4, a standalone VR experience similar to the Meta’s Quest 2, with a competitive price of about 500 euros.