SK Telecom (SKT) and NTT Docomo, the leading mobile operators respectively in South Korea and Japan, recently signed a Memorandum of Understanding to collaborate on various aspects of their respective businesses, most notably metaverse-related developments. Their collaboration could even go so far as to merge their two metaverses in the future (Ifland for SKT and XR World for NTT Docomo), whether industrial, business or recreational, Dataxis says.

An essential part of Web3 along with blockchain, NFTs, and cryptocurrencies, the metaverse has been a hotly debated topic for over a year. Whether it’s a buzzword or not, tech giants are pouring huge amounts of money into Dataxis, led by Meta, whose $3 billion investment in Q1 2022 hasn’t…