ENGINEERING TECH

MetaEstate Announced to Continue to Purchase More Sandbox Estates to Promote the Implementation of the "Digital Utopia" Plan

MetaEstate | December 29, 2021

MetaEstate, a world-famous metaverse construction service provider, announced that since the beginning of 2021, it has successively purchased more than 200 estates from the open metaverse platform The Sandbox, including 6x6, 3x3 and other large estates, and will continue to purchase more estates. Calculated by the average price, these estates are currently worth nearly US$3 million.

In November, the Sandbox raised US$93 million in a Series B funding round led by Softbank Vision Fund 2.

On November 23, The Sandbox announced on its official Twitter account that Adidas Originals acquired a plot of virtual land in The Sandbox metaverse.

Recently, the land price and transaction volume of The Sandbox have also increased significantly. In the last two months, the total transaction volume of The Sandbox estate has increased by about 7 times, and the total number of transactions has increased by about 4 times. The average price of the land has increased from about US$3465 in early November to about US$13918.

MetaEstate is a world-famous metaverse construction service provider, focusing on providing metaverse construction services and enriching metaverse content construction. It provides professional services in various metaverses, such as reasonable land planning, building excellent buildings, introducing well-known IPs, developing and usage scenarios, and carrying out market activities.

According to Jackey, co-founder of MetaEstate, said that while having already possessed 200 estates, MetaEstate will continue to purchase more estates. Some estates purchased by MetaEstate will be put into use in the "Digital Utopia" plan to build "Digital Utopia" series towns.

The "Digital Utopia" plan is an experimental plan proposed by MetaEstate. In the "Digital Utopia" project, MetaEstate will build a series of fully functional towns to make them close to reality. In these towns, residents can possess their own land and buildings and manage them in a decentralized manner.

MetaEstate also said that it would gradually announce the planning and construction plan for The Sandbox estates it holds in the near future.

Spotlight

10,000 years ago, primitive doctors bored holes in the head to cure patients. Now the brains of a computer are saving lives and preventing disease. So what’s next? A hole in the head. Stone age surgeons cured certain diseases with a process called trephination.


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ENGINEERING TECH

Hexaware Named a Leader in the ISG Provider Lens Digital Engineering Services US 2022 Quadrant Report

Hexaware Technologies Ltd. | June 18, 2022

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CONSTRUCTION

XCMG Ranks in Top Three in KHL Group's Yellow Table for Second Consecutive Year

XCMG | June 07, 2022

XCMG is ranked among the top three original equipment manufacturers (OEMs) in the world for the second consecutive year, according to the Yellow Table published by International Construction Magazine, a subsidiary of global construction media company KHL Group. Furthermore, XCMG's aerial work platform also ranks fifth worldwide in the Access M20 Manufacturers list. XCMG has performed well in other global performance indicators, with mobile canes and horizontal directional drilling ranked first, tower cranes ranked second, truck-mounted cranes and road machinery ranked third for the first time, mine surface excavation equipment ranked top five, and complete sets of piling machinery and concrete machinery ranked first. XCMG's excavation equipment ranks second in China and sixth in the world and has exceeded 200,000 units in production and sales. Additionally, XCMG's has made the industry's first position of lifting fire trucks and boom-type aerial work platforms more stable, improving profitability. Revenue for small construction machinery and forklifts increased by 50% and 258% respectively year-on-year. XCMG's new maintenance base is also in operation, with the asphalt station and chassis maintenance products ranking among top two in the industry. Not only has XCMG's operating income reached a record high, the revenue balance across different product categories has also become more even." Wang Min, CEO and Chairman of XCMG Internationalization of markets In 2021, despite obstacles presented by the pandemic, XCMG expanded to overseas markets and achieved export revenue exceeding RMB 13 billion, a year-on-year increase of more than 90%. Other international achievements also include investing USD 99 million in North American market expansion, winning a contract for a large order of cranes worth RMB 100 million in Asia-Pacific, deploying almost RMB 200 million of large-scale open-pit mining equipment to Africa, supplying 500 excavators to Southeast Asia and delivering over 100 aerial work platforms to North America. Additionally, XCMG Brazilian manufacturing base is making breakthroughs in the South American construction machinery market. In 2021, its production and sales volume saw a more than 200% year-on-year increase and its operating scale increased by 198% year-on-year. "The development goal of our Five-Year Plan is to ensure that income from internationalization is no less than 40%," Wang added. Driving industry change As a world leader in the construction machinery industry, XCMG's vision is driven by long-term investment and high-level innovation in research and development into the technology surrounding its equipment. In recent years, XCMG has continued to strengthen its innovation capacity and develop leading scientific and technological research. Among its products are the world's largest tower crane XGT15000-600S, the world's largest rear-drive mining dump truck DE440, super-large mining grader GR5505, and domestic tonnage loader XC9350, which form part of its extensive catalog of high-quality machinery.

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ENGINEERING TECH

ECOX Spruce Construction Secures License to Launch Green Infrastructure Operations

Eco Innovation Group | May 12, 2022

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CONSTRUCTION

Adolfson & Peterson Construction Moves Up to #75 on Industry List of Top 400 Contractors

Adolfson & Peterson Construction | July 12, 2022

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Spotlight

10,000 years ago, primitive doctors bored holes in the head to cure patients. Now the brains of a computer are saving lives and preventing disease. So what’s next? A hole in the head. Stone age surgeons cured certain diseases with a process called trephination.

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