S.Korea’s Ifland metaverse launches globally in 49 nations

South Korea’s telecommunications large SK Telecom (SKT) is launching its Ifland metaverse in 49 nations in North America, Europe, the Center East and Asia, the corporate introduced on Wednesday.

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SKT will make the most of K-pop to develop joint content material with varied worldwide companions and strengthen the communication capabilities on the platform to advertise Ifland as a world social metaverse, its press launch acknowledged.SKT has signed a memorandum of understanding (MOU) with Japan’s largest cell phone operator NTT Docomo to cooperate on content material improvement, know-how and repair of their respective metaverse platforms.Ifland has additionally named Emirati-based tech agency e& and Singapore’s telecommunications group Singtel as its world companions.In September, Ifland added an in-platform economic system the place customers that host conferences on the metaverse can obtain level donations from different customers, which could be cashed out. In Q3 2022, Ifland gathered a consumer base of 12.8 million, in response to the press launch. Its native competitor, Naver Z’s Zepeto, boasts over 300 million downloads globally, with 95% of its customers coming from exterior South Korea.SK Telecom owns over 47% of all cell communications customers in South Korea as of 2021, in response to the Korea Data Society Growth Institute (KISDI).

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