metaverse

The metaverse has the potential to revolutionize how businesses promote themselves, communicate with their clients, and build economies. By creating immersive 3D experiences, companies and organizations can develop interactive user stories and experiences that foster engagement, monetizati ...

The Web3 industry has experienced massive growth over the last many years, from a niche that saw the glimpses of the future of the internet, to a reality building that future with the brightest minds and makers. The space has also received support from a number of influential people, ...

The Financial Services Commission (FSC) of Mauritius started collecting feedback from industry stakeholders and the general public regarding the inclusion of metaverse within the financial services industry.The FSC Mauritius dedicated the entire month of November to amass comments on the s ...

The metaverse may no longer have mainstream appeal to some global tech leaders compared to two years ago. However, weaknesses in the testing of the various investments and initiatives in the emerging technology may have resulted in some of them failing.On the sidelines of the recent Cardan ...

Individual creators and brands will ultimately determine the future of the metaverse, as opposed to any centralized entity, according to the co-founders of The Sandbox.On Nov. 3, the team behind the Ethereum-based metaverse launched The Sandbox Map, allowing “LAND” owners to pu ...

Google Cloud has teamed up with blockchain infrastructure firm MultiversX (formerly Elrond) to boost its Web 3 presence. Google Cloud has integrated MultiversX into the platform which will in turn help Web3 projects and users derive valuable insights from powerful data analytics and artificial in ...

Low-power wearable technology, including virtual and augmented reality devices crucial to the metaverse, will be permitted to tap into the 6 GHz frequency band following a rule change from the United States communications regulator. In an Oct. 19 press release, the Federal Communications C ...

The Metaverse concept gained a lot of traction both from the crypto community and venture capital firms during the peak of the bull run. The likes of Meta (Facebook) and Apple joining the metaverse bandwagon only gave more legitimacy to the concept. However, the approach of both multi-billion dol ...

Yuga Labs, a company behind the major nonfungible token (NFT) project, Bored Ape Yacht Club (BAYC), has completed restructuring amid the ongoing challenges in the industry.Yuga Labs CEO Daniel Alegre took to X (formerly Twitter) on Oct. 17 to report that the company has finalized its restr ...

A steep collapse in the price of nonfungible tokens (NFTs) shouldn’t be seen as a sign of distress but rather a signal the technology is maturing, according to Web3 executives.“I wouldn’t say the NFT market has regressed,“ Decentraland Foundation executive director ...

In the midst of turmoil within the metaverse industry, Improbable, a British company founded over a decade ago, has managed to maintain its position in the gaming industry by shifting its focus to the metaverse concept. Unlike many other businesses that have faced significant losses and challenges i ...

ZTX, a prominent metaverse platform, is collaborating with Lenge, a renowned virtual fashion creator, to produce an exclusive collection of digital clothing and accessories. This collection will be available exclusively to ZTX Genesis Homeowners. Lenge, known for creating stunning 3D fashion item ...

Meta CEO Mark Zuckerberg has expanded the metaverse Horizon Worlds from virtual reality headsets to mobile devices and computers. In a recent blog post, the 3D avatar-based social platform announced the early access rollout of its first Meta Horizon world to mobile and web platforms. The initial ...

Event management in the metaverse involves orchestrating and executing various events within virtual and augmented reality environments. The metaverse represents the fusion of physically persistent virtual reality and digitally enhanced physical reality, creating a communal virtual shared space that ...

In this week’s newsletter, read about how German flagship airline Lufthansa uses nonfungible tokens (NFTs) to reward loyal customers and how soccer superstar Cristiano Ronaldo teased his future NFT plans during a lie detector test. Check out why a law professor believes the metaverse should be ta ...

Harvard legal scholar and Yeshiva University law professor Christine Kim recently published a research paper detailing arguments for not only taxing the metaverse but treating it as “a laboratory for experimenting with cutting-edge policy.”In the paper, dubbed simply “Taxing the Metaverse, ...

The Adidas /// Studio, also known as the Triple Stripes Studio, has launched a Web3-based digital artist in residency program to showcase and support budding creators in the NFT space. The program was announced on Aug. 31, and it will officially launch on Sept. 4 via a series of online and ...

Metaverse platform The Sandbox has unlocked a total of 332 million SAND tokens, which is around 16% of the digital asset’s current circulating supply. The unlocked tokens are worth around $133 million at the time of the unlock. On Aug. 14, The Sandbox proceeded with its ...

Metaverse platform The Sandbox will require Know Your Customer (KYC) verification for its staking processes, according to an Aug. 3 announcement. The announcement stated that only verified users could deposit The Sandbox (SAND) tokens, which are native to the platform, and claim staki ...

Yuga Labs accelerates Otherside planNonfungible token (NFT) conglomerate Yuga Labs has agreed to acquire the metaverse-building startup Roar Studios as Yuga looks to bolster its Otherside metaverse.Yuga tweeted the news on July 31 saying the impending acquisition was to “execu ...

Meta's metaverse-related losses topped $3.74 billion over the second quarter with the Big Tech player spending $7.7 billion on its virtual reality business so far in 2023.Its second-quarter 2023 results released on July 26 saw Meta report an 11% revenue gain compared to the same quart ...

McDonald’s Hong Kong has picked The Sandbox to build its first Web3 experience, McNuggets Land, a virtual world dedicated to celebrating Chicken McNuggets’ 40th anniversary. The experience takes users to a virtual store with a hidden factory and a tour through the history of the chick ...

The European Union has been vocal about its place in the rapidly expanding ecosystem of emerging technologies. It has been a leader in establishing clear crypto regulations with its long-awaited Markets in Crypto-Assets (MiCA) framework signed into law in late May. The EU has als ...

The release of Apple’s new mixed-reality headset, Vision Pro, could cause a seismic shift in how users will experience the metaverse, with developers potentially moving away from the absolute isolation of virtual reality.Unlike today's virtual reality headsets, which center on full i ...

Stick em' up! Bank robbery drills in the MetaverseThe Bank of America is mixing a virtual reality metaverse and artificial intelligence to train new employees on everything from handling angry customers to bank robberies.Bloomberg reported July 13 that the bank’s 2,000 new hir ...

Warner’s The Flash goes web3, to a lack of applause….Warner Bros.’ NFT unit has unveiled a new Web3 experience for the recently released DC Comics superhero more The Flash, which reportedly flopped at the box office. According to an announcement from Warner Bros. ...

The European Commission has tipped “extended reality” — technology that enables people to interact with virtual worlds — to create as many as 860,000 jobs in Europe by 2025. Extended reality or XR is an umbrella term for immersive technologies including virtual ...

Sega co-COO yawns at P2E gamesThe co-chief operating officer of Sega has called play-to-earn games “boring” amid the firm’s retreat from franchising some of its hottest properties to the blockchain gaming space.Bloomberg reported on July 6 that Shuji Utsumi, the co ...

HSBC files metaverse and NFT patentsBritish banking institution HSBC filed a series of metaverse and nonfungible token (NFT)-related trademark applications. A June 12 filing to the United States Patent and Trademark Office (USPTO) show the bank’s trademarks including meta ...

Just a day after launching a new virtual reality (VR) product line, Apple Vision Pro, the tech giant confirmed the acquisition of Mira, an augmented reality (AR) startup that provides hands-free, smartphone-powered headsets.On June 7, The Verge reported Apple’s latest acquisition was revea ...

Apple’s newly revealed mixed-reality headset, the Apple Vision Pro, has both turned tech-enthusiast heads and raised eyebrows after its unveiling at the WWDC on June 5. There was however, one glaring omission from the launch — a single mention of the word “metaverse.&rdqu ...

The arrival of the PC was transformative for gaming — avid players could suddenly experience what it’s like to be a pilot, a train driver or even a goat through simulation.As cutting-edge as this new genre was, it also had its limitations. Powerful graphics cards were needed to ensu ...

Global search interest for the term “AI” has reached a new all-time high on Google, though it’s yet to hold a candle to peak Bitcoin (BTC) mania in 2017, data has revealed.Artificial intelligence has dominated headlines over the past few months, with some suggesting that it’s the latest “t ...

The Pixel Penguin alleged ‘charity project rug’ Nonfungible-token (NFT) project Pixel Penguin has caused a stir this week in what a blockchain investigator ZachXBT has alleged is a “charity project rug.” The project quietly launched in February, but drew a lot of attention on May 31 following ...

In this week’s newsletter, read about some of the most popular nonfungible token (NFT) collections and top metaverse properties taking massive price hits in 2023. Check out how the Hong Kong Police Force launched its own metaverse platform, and how Reddit’s digital collectibles have managed to onboa ...

This is the result of an April survey Many firms have already begun to embrace virtual worlds According to a PwC India report, nearly 70% of company heads in India plan to integrate the metaworld into their business activities. A total of 150 executives from a ...

Chinese tech flagship Alibaba will develop a meta universe with Avalanche, one of Etherium's main competitors. The project will be called Cloudverse. The Avalanche team in its blog announced a partnership with Alibaba Cloud, a subsidiary of the Alibaba Group that focuses ...

Sotheby's Metaverse Ecosystem to Incorporate Secondary Trading Platform for NFTs. Sotheby's, the renowned auction house, has announced the integration of a secondary trading platform for non-fungible tokens (NFTs) within its Metaverse ecosystem, which serves as a platform for digital artwork and ...

Yuga Labs is bringing in some of the game industry's best experts as it prepares to launch the Otherside metaclass universe. ...

Haribo Holding, a well-known German confectionery company recognized for its mouth-watering gummy bears. Has taken a unique step by filing a trademark application associated with NFTs and the metaverse. As per the US Patent and Trademark Office (USPTO) filing on April 25. Haribo is planning ...

Krafton, a prominent South Korean gaming company known for its popular online game "PUBG: Battlegrounds," has recently revealed its plans to launch a gaming platform within the metaverse this year. The project, dubbed Migaloo, has been allocated a budget of $36.8 million for its development. K ...

At a conference hosted by American bank Morgan Stanley, Brian Chesky, the CEO of Airbnb, shared his thoughts on companies that focus on cryptocurrencies, the metaverse, and artificial intelligence. Chesky criticized those who prioritize these trendy technologies solely for the sake of advertising ...

The American company known as Meta* (which has been deemed extremist by the Russian government and therefore banned in the country) is reportedly preparing to implement additional rounds of layoffs. The Wall Street Journal (WSJ) reported on this development, citing anonymous sources within the co ...

The European Commission has recently released a report stressing the need for increased scrutiny of users of cryptocurrency exchanges and ATMs, citing concerns over the growing prevalence of darknet marketplaces and the purchasing of illegal substances. The European Monitoring Center for Drugs an ...

KPMG, the auditing company, recently found out that big businesses are excited about the potential of the metaverse, but are not yet convinced by the current versions of the concept. According to major representatives of the media market, there is great potential for the metaverse in the future, ...

The European Commission is worried about the potential dominance of big tech firms in the metaverse market, which may overshadow European startups. To address this, the Commission recently released a consultation paper outlining the benefits of the Metaverse and its potential to create new busine ...

Bugatti, the renowned car manufacturer, has joined forces with luxury goods company Asprey to create an exclusive limited collection of non-fungible tokens (NFTs). This is a groundbreaking collaboration, marking the first time that two luxury brands have used cutting-edge technology to record dig ...

The studios that created the cult video games Diablo, Elden Ring and Call of Duty raised $13 million to develop their own metaverse Former video game developers Call of Duty, Diablo, God of War, Assassin's Creed and Elden Ring raise $13M to create their own metaverse. About it writes VentureBeat ...

According to The Wall Street Journal, Democratic Senators Ed Markey and Richard Blumenthal have called on Meta to cancel its plans to release a metaverse app for teenagers. This comes after reports that Meta is attempting to crack down on the spread of intimate images of teens on its platforms, F ...

The Papa Johns pizzeria chain's proprietors have exciting plans to release a unique collection of non-fungible tokens that feature images of their three most sought-after pizzas. OneRare, a revolutionary metaverse platform within the food and beverage industry, offers patrons the opportunity to v ...

Automotive companies KIA and Fiat are looking to revolutionize the sales market using cutting-edge technology such as the metaverse and chatbot ChatGPT. In a bid to boost sales, Fiat has incorporated AI support into its virtual dealerships, as reported by Axios citing technical developer Touchcas ...

Disney Corporation has recently closed its Metaverse division as part of a wider restructuring plan. The company aims to reduce operating costs by $5.5 billion and cut 7,000 jobs within the next two months. Reports suggest that the Metaverse Research Department, which employed approximately 50 pe ...

The metaverse known as The Sandbox has recently made headlines with its acquisition of German game developer Sviper GmbH, as announced in a press release. The move is expected to add a creative and experienced team of developers, engineers, and creatives to The Sandbox, allowing for the creation ...

Meta* has recently announced its plan to develop a new chatbot based on artificial intelligence (AI), joining the growing list of technology companies that are inspired by the success of OpenAI's ChatGPT chatbot. The CEO of Meta*, Mark Zuckerberg, shared the news on Facebook* that the company wou ...

Sygnum, a digital bank based in Switzerland, has opened a new branch in the Abu Dhabi Global Market (ADGM) to cater to affluent clients and businesses involved in cryptocurrencies. The bank's spokesperson revealed that Sygnum aims to expand its activities in the Middle East, hence the decision to ...

Balmain, the iconic French fashion house, has recently unveiled a unique collection of limited edition Unicorn Phygital Wearable sneakers, which are available both in physical and digital form as collectible tokens (NFTs). The fashion house worked closely with Space Runners, a leading creative st ...

Nokia, the Finnish telecommunications equipment manufacturer, is branching out into the virtual reality market as part of its recent rebranding efforts. In a statement made by Nishant Batra, the director of technology at Nokia, the company sees opportunities in becoming a facilitator for the deve ...

In a recent interview with the Financial Times, Neil Stevenson, an acclaimed American science fiction writer, shared his insights into the future of the metaverse and what conditions are needed for its widespread adoption. Despite being a visionary in the realm of science fiction, Stevenson expre ...

Researchers from the University of California at Berkeley have predicted a lack of privacy in the metaverse unless innovative security measures are implemented. Devices used to connect to the metaverse can pose a threat to privacy due to the possibility of telemetry data identification. Ventur ...

Nissan, the well-known Japanese car manufacturer, has recently submitted four trademark applications pertaining to Web3, Non-Fungible Tokens (NFTs), and the Metaverse. Mike Kondoudis, an attorney licensed by the U.S. Patent and Trademark Office (USPTO), shared on Twitter that the pending applicat ...

Zuckerberg's unwavering faith in the potential of virtual worlds has led him to pledge billions of dollars towards their development, even in the face of slow progress. As per Zuckerberg, the Reality Labs metaverse unit remains a key focus for the c ...

BeInCrypto's team of editors has curated a unique list of the top five altcoins with the most potential in March, based on upcoming events and ecosystem developments. Optimism (OP), Polygon (MATIC), and Filecoin (FIL) have made the cut due to their respective mainnet upgrades launching next month ...

Sandbox, известная платформа метавселенной, сообщила о заметном всплеске продаж на всех своих платформах метавселенной. Платформа стала свидетелем значительного роста на 18% в годовом исчислении, при этом невзаимозаменяемые токены (NFT) испытали значительный всплеск продаж, составивший 1,4 миллиарда ...