Liquid Avatar digital ID, metaverse applications begin bringing in real revenue

The last quarter of 2021 has been an eventful one for Liquid Avatar, with the company revealing a sudden leap in revenue from its metaverse and digital ID offerings to approximately C$700,000 (roughly US$547,000) since the beginning of its fiscal fourth quarter, despite having booked less than C$16,000 in the first nine months of the year. In an interim report, the company confirms it is officially transitioning from research and development mode to commercialization, with its subsidiary Oasis Digital Studios acquiring a 50 percent equity interest in its metaverse client, Aftermath Islands.

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