Recently, DWorld and Impero announced a strategic collaboration aimed at creating the Philippine Metaverse, with the goal of developing a unique and immersive digital universe featuring unprecedented vibrant innovation. See below for full details. 

DWorld and Impero join forces to create a Philippines metaverse

As anticipated, DWorld, a company specializing in immersive experiences and virtual reality technologies, has partnered with Impero, an innovative digital development company. 

Together, they are announcing a joint venture aimed at creating the Philippines Metaverse, an unprecedented compelling and vibrant digital universe.

Specifically, during the “Ready Marketing One” event organized by the Philippines Marketing Association on 8 November, the CEOs of DWorld and Impero gave a joint presentation to introduce the Philippines Metaverse. 

Also announced was the first fully virtualized Philippine resort in DWorld’s Metaverse: El Nido in Palawan, known as the Philippines’ last frontier, with 45 islands in Bacuit Bay. 

This location, famous for its pristine beaches, towering limestone cliffs, mysterious caves and rich corals, will become an opportunity to attract global attention through the Metaverse.

Manila Di Giovanni, CEO of DWorld, emphasized the following during the event: 

“We thank the Philippines Marketing Association for this opportunity. We will demonstrate how the Metaverse can revolutionize tourism promotion and foster a new digital economy in an innovative way.

The partnership between DWorld and Impero combines creativity, technology and innovation. It combines DWorld’s expertise in advanced virtual reality experiences in cities with Impero’s pioneering vision of the Metaverse, creating a unique experience where technology and imagination will shape an extraordinary digital future.”

Finally, a reminder that since DWorld will become the official Metaverse platform of the Philippines Marketing Association, all Philippine member companies will be able to access the platform with significant benefits and favorable terms. 

More news in the Metaverse: Mauritius discovering financial virtual reality

Recently, the Financial Services Commission (FSC) of Mauritius looked into the possibility of incorporating the metaverse into its payments system, planning to take advantage of the benefits of digitization. 

Specifically, in a document, the FSC outlined its perspectives on the potential uses and critical issues related to connecting blockchain-based digital worlds. 

To gain further clarity on this proposal, the FSC launched a month-long public consultation, inviting stakeholders and academics to participate through seven key questions.

The questions addressed by the FSC range from the immediate impact of the metaverse on the financial sector to possible challenges in providing financial services in this digital environment. 

The answers provided will form the basis for future regulatory frameworks that will guide the integration of the metaverse into Mauritius’ financial system.

Participants have until 30 November to submit their responses, while the FSC plans to establish a “multidisciplinary working group” to pursue its ambitious goals. 

The FSC has identified several use cases for the metaverse, highlighting the possibility of setting up virtual showcases, creating immersive experiences and providing opportunities to simulate financial scenarios.

According to the FSC, complex financial models can be visualized in 3D, enabling better understanding and more informed decisions. 

However, despite the obvious benefits of the metaverse, the paper takes a balanced approach, emphasizing potential risks related to vulnerabilities in digital assets, cybersecurity, server outages, content moderation, and the spread of false information.

In addition to public consultation, the FSC aims to compare its initiatives with models adopted by foreign jurisdictions, recalling key initiatives from the European Commission, Dubai, the United Kingdom, South Korea, Singapore, China and Indonesia, aiming to uphold the core values of consumer protection and individual empowerment.

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