Category: Metaverse / Virtual Reality and Augmented Reality

Layoffs At Microsoft Reportedly Hit VR And Metaverse Teams

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.…

continue reading
No Comments

Metahood Raises $3 Million For Building The Zillow Of The Metaverse

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…

continue reading
No Comments

WEF Predicts Change In Industry Due To Metaverse Tech

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.…

continue reading
No Comments

CES 2023 Shows Touch And Smell Are The Next Big Thing For The Metaverse

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…

continue reading
No Comments

LG Focusing On Smart TV Metaverse Push At CES 2023

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…

continue reading
No Comments

Global AUM Giant Fidelity Sets Foot in Digital Asset Industry

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…

continue reading
No Comments

A Major Consultancy Firm Enters Decentraland Metaverse Launching a D&D Event

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…

continue reading
No Comments

Mercedes-Benz Acquires Support From Nvidia For Carrying Out Metaverse-Based Manufacturing Of Autos

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…

continue reading
No Comments

Year 2023 Starts With A Bang For Metaverse Tokens

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…

continue reading
No Comments

Fidelity Goes on a Trademarks Filing Spree for Metaverse Products and More

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…

continue reading
No Comments

Metaverse Off To An Ominous Start After Falling VR Headset Sales

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…

continue reading
No Comments

Japanese Gaming Company Partners With SBI Holdings And Square Enix For Metaverse Pivot

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…

continue reading
No Comments

By 2025 China Aims At Developing Metaverse Industry Valuing Above $28 Billion

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…

continue reading
No Comments

Metaverse To Gain More Strength As Gumi Joins Hands With SBI Holdings And Square Enix

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…

continue reading
No Comments

Fidelity And HSBC Also File Trademarks For The Metaverse

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…

continue reading
No Comments

Samsung Investing $35 Million In Metaverse Initiatives In Latam

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…

continue reading
No Comments

Huge Investments Coming Metaverse’s Way As Meta Plans To Invest $19.2 Billion

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…

continue reading
No Comments

A Metaverse Based Dealership Launched By Fiat In Italy

If you are thinking that the metaverse technology is limited to gaming or small-level virtual experiences, then it would be an understatement. This is because metaverse technology has grown vast in the past couple of years. The usage of metaverse technology has expanded throughout the world. Multiple industries have recognized the importance of metaverse technology.…

continue reading
No Comments

Yuga Labs Eager To Expand Metaverse, Attempts To Bring In Major Gaming Executives

Yuga Labs, the company behind the creation of the Bored Ape Yacht Club (BAYC) collection is aiming to explore the metaverse sector. The company wants to go all out exploring the particular technology. The company is also eager to bring in the major gaming corporations to the metaverse technology. However, many giants from the traditional…

continue reading
No Comments

Huawei Has Issued A Statement That Is Pertaining To Metaverse And 5G

Huawei, the cellphone manufacturing giant from China has recently posted a report pertaining to the potential of the metaverse. The company has claimed in its report that the metaverse is a trillion-dollar technology that will go a long way. It is going to revolutionize the world of virtual experiences. However, there is one major problem…

continue reading
No Comments

A Decent Number Of Youngsters Want To Become Part Of Metaverse For Virtual Dates

There was a time when it was almost an obligation for people to meet up personally even if it was their first date. Unfortunately, more than half of the total dates in the past were a failure because that was the first time people got to know each other. People tend to decide on the…

continue reading
No Comments

Chip Timing Global 2021 | All Rights Reserved | ✉ Contact | Disclaimer