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Facebook Has Lost $1 Billion Every Month On VR Since June 2022
26.4.2024
Facebook’s parent company, Meta, made a lot of money in its last financial quarter. However, its virtual reality and augmented reality division, Reality Labs, lost over $3 billion. That means that since June 2022, the metaverse-focused division has lost a billion dollars per month, and Meta expects...
EU touts health benefits for children in the metaverse despite risks
26.4.2024
The European Union’s in-house think tanks says the metaverse can help children heal from diseases
Meta’s letting Xbox, Lenovo, and Asus build new Quest metaverse hardware
25.4.2024
Each company has its own special plans for the Quest mixed-reality device
Peeling Back the Layers: Ensuring AR Remains a Tool for Expression, Not Manipulation
26.1.2024
With the launch of Apple’s Reality Pro headset just a few days away, Augmented Reality (AR) is the topic on everyone’s minds. But the buzz isn’t baseless – the possibilities of AR technology are breathtaking! Fancy the new MSG Sphere in Las Vegas? Imagine having one in your own backyard!...
Google Cloud teams up with MultiversX amid blockchain firm’s focus on metaverse
20.10.2023
MultiversX announced an array of new features on its xPortal super-app with tools to build next-gen metaverse features on the same day of the Google Cloud partnership
‘Extended reality’ to create 860K jobs by 2025: EU Commission
12.7.2023
The European Commission has laid out its plans for becoming a “world leader” in Web 4.0 and the Metaverse
Pokémon Go Dev Accused Of ‘Boys Club’ Workplace Culture In Lawsuit
10.7.2023
Just under two weeks after the Pokémon Go dev laid off over 200 workers, Niantic is now the subject of a lawsuit alleging the company has a “systemic sexual bias” against women employees.Read more
Niantic Lays Off 230 Employees, Moves Away From In-House Development
29.6.2023
Niantic is shuttering its Los Angeles studio and is moving away from in-house game development. As such, the Pokémon Go studio is laying off 230 employees, shuttering NBA All-World and cancelling its upcoming Marvel: World of Heroes.Read more
Pokemon GO Update Is So Good Players Think It's An Accident
27.6.2023
Pokémon GO recently released update 0.275.0, which apparently doubles the radius at which obtainable Pokémon spawn. Meanwhile, player frustration is building with Niantic’s historic lack of communication. These disgruntled players are so impressed with the update, they’re assuming it was deployed...
Apple confirms acquisition of AR startup Mira following Vision Pro launch: Report
7.6.2023
While Apple Vision Pro comes with features geared toward personalized virtual reality, Mira’s headsets are purpose-built for industrial applications
Apple's Vision Pro headset reveal swaps metaverse for 'spatial computing'
6.6.2023
Metaverse tokens have failed to pump following the major announcement, however this is likely due to the SEC abruptly dropping a lawsuit against Binance
Binance CEO Claims Chinese Communities Are ‘Buzzing’ After CCTV Airs Crypto Segment
25.5.2023
On May 24, Binance CEO Changpeng Zhao, also known as CZ, shared through Twitter that “Chinese speaking communities are buzzing” following a news broadcast by state-operated media network China Central Television (CCTV) regarding Hong Kong’s latest cryptocurrency-focused regulatory...
‘In Hindsight the Metaverse Will Be Obvious and Inevitable’ Says Affyn CEO Lucaz Lee
20.5.2023
Despite the many obstacles that currently make mainstream adoption seem impossible, the metaverse will eventually “mature when gateways that form the access point for entering the myriads of metaverses come onstream,” Lucaz Lee, CEO of Affyn, has said. Lee suggested that when this point...
Metaverse division's $4B loss drags on positive first quarter for Meta
27.4.2023
Zuckerberg expects Reality Labs operating losses to increase year-over-year in 2023
Firms combine blockchain and AR to develop port maintenance system
11.4.2023
The project aims to increase the traceability of port maintenance operations by implementing blockchain certification
Augmented reality helps brands tell their story: MVFW 2023
5.4.2023
During Metaverse Fashion Week 2023, the augmented reality platform Over projected a larger-than-life virtual catwalk over one of Milan’s most prominent locations
Report: China Will Become a Metaverse Tech Leader During 2023
20.3.2023
A report issued by Globaldata, a global consulting and data analysis company, predicts that China will become a leading country in metaverse tech during 2023. The firm believes that the development of other technologies like artificial intelligence (AI), virtual reality (VR), augmented reality...
AR, VR, and a Model for 3D in HTML
27.1.2023
Tucked down somewhere in the Safari Technology Preview 161 release notes is a seemingly innocous line about support for a new HTML element and attribute:
Added support for <model src> and honor <source type> attributes (257518@main)
Anytime I …
AR,...
Meta Will Continue to Push Metaverse Investments in 2023 According to Head Of Reality Labs
20.12.2022
Meta will continue to invest in VR (virtual reality) tech in 2023, according to statements made by Andrew Bosworth, head of Reality Labs, the metaverse division of the company. While Meta has made some changes and adapted to the current shaky economic atmosphere, Bosworth states that the company...
More than 90% of consumers are curious about the Metaverse: Capgemini
8.12.2022
The volatility of the crypto market hasn’t stopped the metaverse from gaining potential as a utility for businesses and consumers alike