There is a virtual city being developed by Regal Hotels.
The Millennium Hotels and Resorts group of hotels in Singapore and Hong Kong are taking their first steps into the metaverse after purchasing virtual properties in Decentraland and the Sandbox.
Millennium Hotels and Resorts said on Wednesday that it is launching a hotel in Decentraland, a virtual world where players can build, buy and sell in-game assets as they interact with others.
Millennium Hotels said in a statement that the M Social Decentraland is a place for all to gather and discover the virtual reality universe. The virtual hotel will open in May. Visitors will have the chance to win real world hotel surprises when they interact with anavatar which guides them through the building.
Millennium Hotels and Resorts created the M Social Decentraland virtual hotel.
The executive chairman of City Developments said that they hope to redefine the model of hospitality.
Millennium Hotels will seek partnerships in the metaverse platform. The brand said that it will integrate its virtual hotel with real world occasions, such as New Year's and Valentine's Day.
The group chaired by the Hong Kong billionaire Lo Yuk Sui said on Monday that it is developing a green metropolis in the metaverse platform.
MetaGreen is a virtual city that is looking to promote eco-friendly choices and foster a sustainable community to support a circular economy. The convention center will be used for conferences related to environment, social and governance issues. It will include a shopping mall, an eco-farm, an art gallery, and an academy that works with a Hong Kong university to promote sustainable living.
Web3 and metaverse technologies will disrupt every facet of our daily lives, but also empower socially inclusive and sustainable impact in the world, according to the daughter of a hotelier.
MetaGreen is going to be launched in October. Two-thirds of Hong Kong's population will be attracted to the virtual metropolis, according to the company. The metaverse project will continue to seek partners.
Over the past year, Metaverse platforms have gained ground among well-known brands and companies. It comes as the metaverse, a term that refers to a digital realm where people can interact virtually, became a buzzword after Facebook rebranded itself as Meta as part of its strategy to focus on the internet.
The games have attracted companies in traditional finance, as well as consumer brands.
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