Day: September 2, 2021

The Luxury today announced that the development of its new venture, Luxandia is currently at 40%, with a full launch scheduled for late Spring 2022. Luxandia will be a global virtual reality space dedicated to the online luxury industry, presenting some of the world’s biggest luxury brands in retail areas, from automotive to watches.

LONDON, Sept. 02, 2021 (GLOBE NEWSWIRE) — Luxandia offers a unique opportunity for luxury brands, who will be able to showcase their products and services. These can be sold using regular currency or the company’s own cryptocurrencies, The Luxury Coin (TLX) and the upcoming in-world Luxandia cryptocurrency Lusso (LSO). The project is unique in the virtual reality space and the first to bring the $224.8 billion luxury industry to the metaverse.

“Luxandia is going to be the leading luxury virtual space in the emerging metaverse. Our vision is of an immersive, interconnected virtual world of luxury. We are starting with virtual luxury malls where brands can rent retail space and consumers can enter that same space through their laptop, but that is only the beginning,” said Catalin Dascalu, CEO of The Luxury.

“As we continue to build out the world of Luxandia, we will also be enabling support for an app and virtual reality 3D glasses, allowing people to explore online stores just like they would in real life. The possibilities are endless, including an online 3D cinema where you can watch films surrounded by the atmosphere of a real cinema or a visit to an auction house to bid on NFT art. The only limit is the imagination – and the communities on Luxandia will be free to explore the possibilities that they can imagine.”

Until recently, the metaverse was a concept only dreamed about in sci-fi, most notably Neal Stephenson’s 1992 novel Snow Crash and Hollywood director Steven Spielberg’s 2018 movie Ready Player One. Today, however, that is all changing as virtual reality, augmented reality, 3D glasses, and other digital technologies make it increasingly possible to explore entire new spaces without ever leaving your home.

The metaverse can be considered as complete and explorable digital worlds, much like the MMORPG Second Life or the virtual world of Decentraland, a project run on the Ethereum blockchain. People can buy and sell property and goods in both worlds, living a rich ‘virtual life.’

Business is also moving in on what has traditionally been seen as gamers’ virtual reality space. Facebook launched the 3D glasses virtual reality Horizon Workrooms app to help remote workers collaborate in cyberspace conference spaces using personalized avatars.

For many big tech leaders like Zuckerberg, the metaverse isn’t a fantasy – it’s the future of the internet, with endless implementations such as allowing people to venture into space without leaving home, thanks to 3D, 360-degree space walk experiences. Medical professionals are also discovering that virtual reality can ease diagnostic tests and treatments for patients, with promising research into the positive impact virtual reality systems can bring to patients entering into the fearful tedium of an MRI scan.

For The Luxury CEO Catalin Dascalu, progress in creating the metaverse is all about collaboration and cooperation rather than ‘competitive rivalries.’ By working together, tech companies can create a metaverse that matches the ambitious vision of a new and unlimited virtual space for work and play for humanity.

“Luxandia will be open to integration with other, similar projects. We believe in the power of collaborative innovation, not competitors,” added Dascalu. “We look to projects like the Aura Blockchain Consortium and how a common purpose has pulled businesses together for progress, rather than getting lost in sometimes petty competitive rivalries. This is the way forward.”

Those interested in experiencing the latest evolution of the emerging metaverse can get an early taste for Luxandia, with a waiting list expected to open in ONE month, allowing 1,000 to become beta testers of the virtual world from December 1, 2021.

Luxandia marks another bold venture from The Luxury into the world of cryptocurrency and the blockchain. The project follows The Luxury Bank, which aims to make using cryptocurrency for everyday purchases as simple as using a credit card.

For more information about Luxandia and to sign up for the waiting list when available, please visit https://theluxurybank.com/. For all general and media inquiries, please contact Aiham Saleh at +44 330 808 6781 or email pr@theluxurybank.com

Related Images

 
Luxandia
Image captured from inside Luxandia

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• Luxandia

Join bp’s Bernard Looney, Anglo American’s Mark Cutifani and Shell’s Maarten Wetselaar as event assesses impact of energy transition on natural resources sector

LONDON/HOUSTON/SINGAPORE, Sept. 02, 2021 (GLOBE NEWSWIRE) — This year will prove pivotal for the energy sector. But as the world regroups from the Covid-19 pandemic, the challenge of limiting the impact of climate change has been brought into sharp relief and will be taken up in earnest at the COP26 summit in Glasgow this November.

Ahead of COP26, as companies across the energy and natural resources value chain lay the foundations of an unprecedented effort to decarbonise the globe’s energy matrix, Wood Mackenzie, a Verisk company (Nasdaq: VRSK), will gather industry leaders at its annual Global Energy Summit. The digital event will run from 28 September to 8 October.

At this year’s Global Energy Summit, Wood Mackenzie’s experts and guests will debate the critical issues affecting the energy and natural resources sector, including:

• What would a 2-degree pathway mean for commodities?
• How will we meet the world’s electrification ambitions?
• Which technologies will be the winners and the losers?
• Who will finance the transition to low-carbon energy?
• Can the energy and natural resources sector adapt to the emerging challenges?

Wood Mackenzie’s world-leading experts and invited guest speakers from industry, finance and government will tackle these issues and more.

Keynote speakers at the plenary week include:

• Bernard Looney, Chief Executive Officer of bp
• Maarten Wetselaar, Integrated Gas, Renewables and Energy Solutions Director, Shell
• Tengku Muhammed Taufik, President and Group Chief Executive Officer, Petronas
• Mark Cutifani, Chief Executive Officer, Anglo American
• Anne Hoskins, Chief Policy Officer, Sunrun
• Michael Lee, Chief Executive Officer, Octopus Energy USA
• Jonathan Posen, Head of Strategy for Sustainable Investing, BlackRock

Summit attendees will also be part of a global network and will be able to connect, learn and share with peers across the world via our event communities and one-on-one meeting tool.

As well as the plenary sessions, keynote interviews and panel discussions, this year Wood Mackenzie’s Global Energy Summit offers delegates the opportunity to mix live as well as sector-dedicated sessions with on-demand content via our inaugural Focus Week, from 4-8 October.

Inaugural Focus Week offers new opportunities

Focus Week allows delegates to take a deeper dive into their specific areas of interest. Access to the Focus Week is included in all event tickets, and will include:

• Five individual live sessions across the week of 4-8 October (one per day, per region)
• On-demand access to all live session recordings (all global content included)
• Access to exclusively released event content via your own event library, for you to consume at your own pace

Each day has a specific focus:

• 4 October – From Oil to Energy: strategies for the transition
• 5 October – Now or Never: getting gas and LNG ready for net zero​
• 6 October – The Energy Transition: start of the hardest chapter​
• 7 October – ​Upstream Oil and Gas: Record Cash Flows and Peak Uncertainty
• 8 October – The Metals Supercycle: a windfall for all or just the few?​

To reserve your place at Wood Mackenzie’s Global Energy Summit and Focus Week, or for further information, please follow this link.

ENDS

About Wood Mackenzie:
Wood Mackenzie, a Verisk Analytics business, is a trusted source of commercial intelligence for the world’s natural resources sector. We empower clients to make better strategic decisions, providing objective analysis and advice on assets, companies and markets. For more information, visit: www.woodmac.com or follow us on Twitter @WoodMackenzie

WOOD MACKENZIE is a trademark of Wood Mackenzie Limited and is the subject of trademark registrations and/or applications in the European Community, the USA and other countries around the world.

About Verisk
Verisk (Nasdaq:VRSK) provides predictive analytics and decision support solutions to customers in the insurance, energy and specialized markets, and financial services industries. More than 70 percent of the FORTUNE 100 relies on the company’s advanced technologies to manage risks, make better decisions and improve operating efficiency. The company’s analytic solutions address insurance underwriting and claims, fraud, regulatory compliance, natural resources, catastrophes, economic forecasting, geopolitical risks, as well as environmental, social and governance (ESG) matters. Celebrating its 50^th anniversary, the company continues to make the world better, safer and stronger, and fosters an inclusive and diverse culture where all team members feel they belong. With more than 100 offices in nearly 35 countries, Verisk consistently earns certification by Great Place to Work. For more: Verisk.com, LinkedIn, Twitter, Facebook and YouTube.

For further speaking and programme enquiries, please contact Wood Mackenzie’s Events team: 
Julie Mayeras
+44 79 6648 0484
julie.mayeras@woodmac.com
 
Katie Flynn
+1 346 998 9535
Katie.flynn@woodmac.com

Media enquiries: 
Anthea Pitt 
+44 330 124 9436 
anthea.pitt@woodmac.com 

Ann Lee
+65 6518 0823
ann.lee@woodmac.com