MetaWorks’ Strategic Acquisition: Accelerating the Future of Immersive Experiences with UtopiaVR
The future of the metaverse is about to get even more exciting as MetaWorks Platforms, Inc. announces its strategic acquisition of UtopiaVR.com, a groundbreaking Web3 platform and AI avatar technology developed by Apex VR Holdings, Inc. This acquisition represents a significant milestone for MetaWorks as it aims to revolutionize fan and user engagement across various industries including movies, music, education, and more.
Under the terms of the agreement, MetaWorks will gain ownership of UtopiaVR’s metaverse platform, powered by the cutting-edge ChatGPT AI technology. This includes the AI avatars, domain portfolio, and a patent-pending IP technology related to metaverse haptics. With this acquisition, MetaWorks intends to leverage UtopiaVR’s expertise and expand its capabilities to create immersive experiences in the realms of film, music, and education. MetaWorks to Acquire the Assets of ChatGPT AI-Powered Avatar Metaverse Platform, UtopiaVR | MWRK – MetaWorks Platforms Inc | News | OTC Markets
One of the most exciting aspects of this acquisition is the potential it holds for the film industry. MetaWorks plans to use UtopiaVR’s AI avatars and metaverse environments to create captivating experiences for upcoming movies such as “The Skulleton” and “Zero Contact,” the first-ever full-length NFT feature film. By integrating ChatGPT’s AI avatar technology, MetaWorks aims to provide users with complete and compelling metaverse experiences that generate real revenue.
MetaWorks Platforms – Blockchain & Web3 Development Platform
President of MetaWorks Platforms, Inc., Scott Gallagher, expressed his enthusiasm about the acquisition, stating, “The acquisition of UtopiaVR is a significant step forward for our company and our platform. We firmly believe that for metaverse platforms and Web3 technologies to thrive, they must be accessible, frictionless, and deliver genuine value. UtopiaVR’s metaverse platform can be accessed from any smartphone, tablet, or PC, eliminating the need for expensive headsets or additional devices. By building on Utopia’s ChatGPT-powered AI Avatar technology, we can create immersive metaverse experiences for films, music, and education that drive tangible revenue.” Team – MetaWorks Platforms
The metaverse, often regarded as the next iteration of the internet or Web3, is a space where the physical and digital worlds converge. The global metaverse market was valued at over $65 billion in 2022 and is expected to surge to over $900 billion by 2030. Within this landscape, the media and entertainment sector is projected to reach over $25 billion in 2023, fueled by the growing popularity of virtual concerts and events held within the metaverse. AI-powered avatars are set to play a pivotal role in the entertainment realm of the metaverse, particularly in content creation, security, digital identity, and personalization.
With the acquisition of UtopiaVR’s assets, MetaWorks is poised to become a driving force in shaping the future of the metaverse. By combining their expertise in Web3 technology with the power of ChatGPT AI avatars, MetaWorks is paving the way for groundbreaking and immersive experiences that will captivate audiences across industries. As the metaverse continues to evolve, MetaWorks is at the forefront, shaping the way we interact, engage, and experience the digital world.
