McDonald’s debuts metaverse in Singapore

-

McDonald’s Singapore has launched the My Happy Place metaverse, offering locals a chance to participate in games and win various rewards.

Virtual reality alongside your cheeseburger

In collaboration with Bandwagon Labs, the American fast-food giant has created this in-app virtual world for its customers.

Clarence Chan, the founder of Bandwagon Labs, explained that several key factors motivated the creation of the metaverse for McDonald’s.

“The metaverse serves as a creative canvas where users can express themselves and showcase their skills and creations to the world. Moreover, it is filled with daily rewards and challenges that encourage participation.”

McDonald's

McMetaverse

Utilizing Web3 technology, the platform enhances security, functionality, and the usage of digital collectibles.

Chan noted that by integrating wallet services like MetaMask, users can securely verify their identities and engage in token-based activities within the metaverse.

According to the announcement, McDonald’s retains full control over the metaverse. The project will run for a trial period of one month, from June 6 to July 7, with future continuation depending on its success.

Chan pointed out a significant drawback in the current metaverse experiences, as they are often hindered by third-party operations, and the lack of tangible rewards often discourages people from exploring the technology.

Metaverse for every fan

Recently, Magic Leap announced a multifaceted strategic technology partnership with Google to develop new augmented reality technologies.

This partnership combines Magic Leap’s achievements in optics with Google’s infrastructure to create something innovative, highlighted by Magic Leap’s CTO, Julie Larson-Green.

“This partnership will accelerate the transformative power of augmented reality, combining our advanced optical capabilities with Google’s technologies to further develop our devices for both the developer ecosystem and customers. We are excited to expand the potential of this field – linking the physical and virtual worlds together.”

Have you read it yet? Binance delist unapproved stablecoins for EU users


Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.

LATEST POSTS

Trump considers a new government role, the crypto-czar

President-elect Donald Trump is reportedly mulling over the idea of appointing a Crypto-Czar to help shape U.S. policy on blockchain and digital assets. This move...

Chainlink teams up with Microsoft for Brazil’s CBDC pilot

Chainlink is collaborate in a pilot project for Brazil’s upcoming slavecoin, the central bank digital currency, or CBDC known as DREX. Teaming up with Microsoft,...

Supply shock: Bitcoin ETFs buying up 9,000 BTC daily while only 450 are mined

It looks like Bitcoin ETFs in the U.S. are on a serious buying spree, scooping up way more BTC than is actually being mined each...

BlackRock Bitcoin ETF options see $1.9 billion traded on launch day

Options contracts for BlackRock’s spot Bitcoin ETF, the iShares Bitcoin Trust ETF, kicked off with a bang, trading nearly $2 billion in total exposure on...

Most Popular

Guest posts