Meta Q2 earnings: Reality Labs losses top $7.7B year to date
Meanwhile, Meta’s metaverse-building business has racked up around $21 billion in losses since the start of 2022.This post was originally published on this site
‘Extended reality’ to create 860K jobs by 2025: EU Commission
The European Commission has laid out its plans for becoming a “world leader” in Web 4.0 and the Metaverse. This post was originally published on this site
Samsung Is Preparing Its Own Metaverse Hardware in Partnership With Google and Qualcomm
Samsung, the Korean electronics company, has revealed it is working to build its own metaverse and extended reality devices, hinting at the possibility of the launch of a VR headset in the near future. TM Roh, head of Samsung mobile experiences business, stated that the device will be built in partnership with Google and Qualcomm. […]
NBA Extends Partnership With Meta to Bring Basketball Games to the Metaverse
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 immersive way for Horizon […]
Nifty News: Trump NFTs surge 800%, Yuga Labs blacklists NFT exchanges, and more
Donald Trump’s NFT collection started out strong but then started looking lifeless up until a few days ago.This post was originally published on this site
Car Manufacturer Maruti Suzuki Launches Metaverse Showroom Experience in India
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 Suzuki Cars online or via authorized […]
Meta Will Continue to Push Metaverse Investments in 2023 According to Head Of Reality Labs
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 is still committed to its metaverse pivot. […]
Meta VR Consultant John Carmack Leaves Company; Criticizes Inefficiencies of VR and Metaverse Projects
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 regarding its VR (virtual reality) and metaverse […]
Chinese Zhejiang Province Aims to Build a $28.7 Billion Metaverse Industry by 2025
Zhejiang, a coastal province of China, has presented a metaverse development plan that seeks to build a metaverse hub in its territory. The plan aims to entice the creation of a $28.7 billion metaverse industry and construct an ecosystem of several companies integrating this tech as part of its operations by 2025. Zhejiang Presents Metaverse […]
Sony Acquires 3D Animation Company Beyond Sports to Offer a Complete Sports Metaverse Experience
Entertainment and electronics giant Sony has recently completed the acquisition of Beyond Sports, a company specializing in using real-world data to produce 3D animation. With this purchase, the company is now reportedly able to offer a full metaverse experience for sports matches, complete with tech from other companies already in its portfolio. Sony’s Beyond Sports […]