Category: Metaverse / Virtual Reality and Augmented Reality

In what experts are now calling the next wave of computing, Microsoft and NVIDIA are partnering to bring their user base access to the industrial metaverse through the cloud. The collaboration will see NVIDIA and Microsoft deploy access to the metaverse on both Microsoft Azure services. In addition, the program will see the development of…

The South Korean electronics firm, Samsung, has disclosed that it is working on developing its own metaverse as well as extended reality devices. The company also hinted that the near future could also see it introduce a VR headset. The head of the mobile experience business at Samsung, TM Roh said that they would develop…

On Wednesday, after-hours trading saw an 18% increase in the shares of Meta, after its quarterly earnings report turned out to be better than expected. However, the rising tides across the company could still not give the struggling Metaverse division of the tech giant the much-needed boost. Losses Reality Labs, which is the Metaverse-focused division…

The metaverse is making a lot of progress in Japan in terms of job recruitment. Local reports revealed that on January 27th, a mega metaverse job fair had been conducted. Reports also said that more than 2,000 students had participated in the experience and they had used avatars for communicating and reviewing the job previews…

Things have not been going well for the tech industry and many companies have been laying off their staff. Microsoft has also joined the list, as the tech giant announced that 10,000 jobs would be cut this year and reports indicate that the latest round of layoffs is targeting the metaverse and virtual reality teams.…

Early last year, Metaverse hype reached its peak, but if there is going to be a future where people will establish digital businesses and own property, then they will need a platform for property sales. To put it simply, the burgeoning metaverse will require a Zillow, or even a Redfin and this is precisely what…

An article has been published by the World Economic Forum (WEF) in which it has predicted the evolution of metaverse tech and how different sectors will see its impact. Industrial environments will see the biggest impact of the metaverse tech implementation where organizations are concerned, as it will reduce expenses and carry out multiple tasks.…

The Consumer Electronics Show (CES) 2023 has a number of companies in attendance, which includes those who are focused on the metaverse. These companies showcased that the virtual reality (VR) experience has now incorporated the sense of smell as well. New report McKinsey & Company is a consulting firm, which recently published a report. It…

LG Electronics, the consumer tech giant based in South Korea, has shown just how dedicated it is to the metaverse through a series of announcements it has made at the Consumer Electronics Show (CES) this year. A service named Blade Wallet has been introduced by the company for NFT aficionados for selling, buying, and trade…

Fidelity Investments is one of the top entities in the world which single-handedly manages conventional assets worth more than $10 Trillion. It has been part of the corporate industry for several decades and is considered a financial giant throughout the world. Aimed with the objective of exploring a dynamic industry, Fidelity Investments has decided to…

Hytech, a major international management consultancy firm has made a new announcement pertaining to the metaverse. Hytech Launches a Metaverse-based D&D via Decentraland The firm has announced that it is entering the metaverse by launching its Dinner & Dance business. As per the officials, they chose Decentraland (MANA), as the platform that will help them…

In recent years, the automobile sector has realized the importance of integrating its operations with software-related technologies. The companies had already started to adopt different kinds of sensor-based technologies in order to replicate the real-time vehicles into the software. However, they have found that the metaverse technology has no comparison when it comes to virtual…

As the cryptocurrency industry has stepped into the year 2023 like the rest of the industries, it expects to have a fresh and positive start. Things have not been promising for most of the major cryptocurrencies. However, the metaverse tokens have a different story to share as they have been performing well. The tokens from…

Fidelity Investments, a major Management, and Research (FMR) firm have made it to the headlines in the crypto world following its applications for trademarks. The entire cryptocurrency industry is surprised to learn that the firm has filed three different applications for trademarks. This means that the company has submitted a request for the approval of…

More than a year after Mark Zuckerberg changed his company’s name to Meta and committed to spending billions of dollars on building the metaverse, it appears that his virtual reality bet is not even remotely close to paying off. VR headsets’ sales decline NPD Group, the research firm, shared data, which showed that there was…

A mobile gaming company in Japan, Gumi has partnered with SBI Holdings and Square Enix for building new business opportunities related to the metaverse. New stock will also be issued as part of the deal, which will be valued at $52 million. Apart from that, the company will be able to use it for getting…

Presentation of Metaverse Industry Plan A plan, containing the development of the Metaverse industry, has been submitted before the Chinese Government on 15th December by Zhenjiang Province. In the plan, the coastal province of China has proposed to develop metaverse hubs across China on a mass-scale basis. The province aims at incorporating a unique metaverse…

Metaverse technology and its dominance is spreading across the world on a daily basis. Over time, companies from all over the world have started to notice the importance of metaverse technology. However, it is the gaming companies who are truly aware of what the metaverse technology has to offer to the gaming communities. This is…

When it comes to blockchain technology and the cryptocurrency market, it appears that Fidelity is all assets to engage with it as quickly as possible. This is due to the fact that the multi-trillion dollar asset manager recently submitted three trademark applications in the US, which are related to offering services in the metaverse as…

The South Korean electronics giant, Samsung has disclosed that it has currently invested over $35 million in initiatives related to metaverse for the audience in the Latin American markets. The purpose of the move is to help the behemoth company in attracting a younger audience and connect with them, which is a part of Samsung’s…

Meta, the parent company of Facebook, is eager to go all-out when it comes to making investments in the metaverse. For Meta, it is a matter of gaining the highest level of prominence and recognition in the metaverse technology. The companies that make the investment in the metaverse at the right time are the ones…