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

LATEST POSTS

South Korea Wants to Treat Crypto Exchanges Like Banks

South Korea’s new crypto crackdown looks like the financial equivalent of sending your rebellious kid to military school. Crypto exchanges are about to learn some...

Russia Gold Reserves Hit Gold Share 42.3 Percent Record

Russian gold reserves now stand at 310 billion dollars in gold, according to the Central Bank of Russia. Gold forms a gold share 42.3 percent...

GoTyme Bank Switches On Crypto Access for Millions in Philippines

Philippines digital bank GoTyme has switched on GoTyme crypto services for its 6.5 million customers through an Alpaca integration. The bank now lets users buy...

Indian Crypto Investors Are Breaking Up with Bitcoin (And Loving Ethereum)

Imagine a place where Bitcoin ruled like a lone cowboy, until suddenly, investors decided, “Hey, why not invite some friends to the party?” That’s the...
125FollowersFollow

Most Popular

Guest posts