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Report: Sony Slashes PlayStation VR2 Production After Disappointing Preorders
31.1.2023
Sony’s PlayStation VR2 headsets don’t release for several more weeks, but the console manufacturer is already reportedly cutting inventory by half after receiving fewer preorders than expected. Some analysts are still skeptical the device will ever be more than an “expensive accessory for...
How AI can make the metaverse a more interactive space
31.1.2023
The metaverse will likely impact physical and social interactions, with artificial intelligence a critical factor in this shift
NBA Extends Partnership With Meta to Bring Basketball Games to the Metaverse
26.1.2023
The NBA has extended its current partnership with Meta to broadcast its games to the metaverse. The company announced that 52 games of the league will be available to be enjoyed using VR (virtual reality) tech, using Xtadium, a co-viewing platform. Five of these games will be presented in a more...
3 reasons why the MANA and SAND metaverse token rally could end soon
24.1.2023
Apple’s rumored VR headset launch appeared to fuel a sharp rally in metaverse tokens, but data suggests that the momentum is not sustainable
Microsoft Layoffs Reportedly Hit Key VR and Metaverse Teams
24.1.2023
The latest round of layoffs at Microsoft, which announced it will cut 10,000 jobs this year, has hit key teams for its VR (virtual reality) and metaverse efforts, according to reports. The company will close two projects in these areas, Altspacevr and the Mixed Reality Tool Kit, potentially...
Nifty News: Trump NFTs surge 800%, Yuga Labs blacklists NFT exchanges, and more
20.1.2023
Donald Trump’s NFT collection started out strong but then started looking lifeless up until a few days ago
Metaverse to possibly create $5T in value by 2030: McKinsey report
7.1.2023
The success of Metaverse will rely on a greater focus on maximizing the human experience aimed at delivering positive experiences for consumers, end-users, and citizens
Car Manufacturer Maruti Suzuki Launches Metaverse Showroom Experience in India
3.1.2023
Maruti Suzuki, one of the biggest car manufacturers in India, has announced that it is taking its customer retail experience to the metaverse. The company announced on Jan. 1, it would launch a VR (virtual reality) network for its Arena showroom series, allowing its users to experience the Maruti...
Detect XR Support with JavaScript
2.1.2023
A few years ago I wrote an article about how to detect VR support with JavaScript. Since that time, a whole lot has changed. “Augmented reality” became a thing and terminology has moved to “XR”, instead of VR or AR. As such, the API has needed to evolve. The presence...
Samsung Is Investing More Than $35 Million in Latam-Focused Metaverse Initiatives
24.12.2022
Samsung, the Korean electronics behemoth, has revealed it is currently investing more than $35 million dollars in metaverse initiatives for the Latam audience. The objective behind this move is to help the brand attract and connect with younger audiences, as part of its digital push and growth...
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...
Meta VR Consultant John Carmack Leaves Company; Criticizes Inefficiencies of VR and Metaverse Projects
20.12.2022
John Carmack, the founder of renowned company ID Software and executive consultant on VR for Meta, has announced he is leaving Meta. Among the reasons for this departure, Carmack signals that there are inefficiencies and self-sabotage at Meta that have affected the work that the company is doing...
Metaverse experience to sway real-world travel choices in 2023: Survey
17.12.2022
A survey participated by 24,179 respondents across 32 countries reveal that nearly half, or 43% of the respondents, intend to use virtual reality to inspire their choices
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
Stellantis Owned Fiat Launches Metaverse Store Using Touchcast and Microsoft Tech
3.12.2022
Fiat, an automotive brand property of Stellantis, has launched its first metaverse-based store, which the company claims is the first showroom of its kind. The experience, which was developed with tech supplied by Touchcast and Microsoft, aims to make the virtual process of reviewing a car more...
Korean VC Firm Daesung Private Equity Announces $83 Million Metaverse Fund
3.12.2022
Daesung Private Equity, a Korean venture capital firm, has announced the launch of a metaverse fund of 110 billion won ($83.5 million). The fund, which will have the participation of the Korean state represented by Korea Venture Investment Corporation’s Korea Fund of Funds, aims to...
Metaverse is a new frontier for earning passive income
28.11.2022
Those looking to earn passive income in the metaverse have several available options, but how profitable and durable these are isn’t yet clear
'Metaverse’ a top 3 contender for Oxford’s Word of the Year
23.11.2022
Oxford University has opened public voting for the first time with polls set to close on Dec. 2
Chinese Platforms to Test Metaverse Tech During Qatar World Cup 2022 Broadcasts
21.11.2022
Several Chinese platforms are introducing metaverse tech in their coverage of Qatar’s 2022 soccer World Cup. The experiences, which will use virtual reality (VR) headsets and 5G as base tech, will allow the users to enjoy a metaverse-like view of the event, and will also give Chinese...
Nifty News: Chinese firms to offer World Cup metaverse viewings, X2Y2 backtracks on royalties, and more
21.11.2022
In early November the Chinese government made an ambitious plan to boost the nation’s VR industry, now it seems local tech companies are using the World Cup to test-run their products