Metaverse
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Mark Zuckerberg Plans 30% Budget Cuts To Build Metaverse, Layoffs Loom
Meta Platforms Inc.'s Mark Zuckerberg is expected to meaningfully cut resources for building the so-called metaverse, an effort that he once framed as the future of the company and the reason for changing its name from Facebook Inc.
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How Tobacco Companies Are Using Gaming, Metaverse And NFTs To Target Young Smokers
A new report warns that tobacco and vape companies are exploiting the metaverse to target young people through digital tokens and game sponsorships.
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Rockstar Games in Talks With Fortnite, Roblox Creators to Make GTA 6 'Next Big Metaverse Platform': Report
Grand Theft Auto 6 could potentially feature custom and modifiable game environments, cosmetic items and assets, bringing external intellectual property within the game. Developer Rockstar Games has reportedly had contact with Fortnite and Roblox creators and could allow them to add custom items, assets and experiences to GTA 6.
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Meta’s Reality Labs Unit Posts $5 Billion in Losses in Q4 2024
Reality Labs logged a loss of $4.97 billion (roughly Rs. 43,040 crore) in Q4, 2024. In an attempt to explain losses for Reality Labs, Meta CEO Mark Zuckerberg said, “generative AI, Reality Labs generally are more technical organisations which means higher cost and space being relative for their business functions.”
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China Plans to Develop Blockchain-Focused National Data Infrastructure By 2029
China plans to work on new database solutions that would be supported on blockchain networks, it said in the guidelines. These solutions are expected to bring multi-centralisation and reliable consensus in an unalterable and easily traceable way to the table.
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South Korea's Jeju Island Said to Use NFT-Backed Visitor Cards to Attract Younger Tourists
Jeju Island authorities reportedly plan to boost tourism by integrating NFT technology into their strategy. A report stated that, starting in 2025, the island would introduce digital visitor cards backed by NFTs that could offer holders exclusive benefits.
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Meta's Motivo AI Model Could Deliver More Lifelike Digital Avatars: Here's How it Works
Meta has released an AI model called Meta Motivo. The model, that can control the body movements of digital avatars, is expected to make the overall metaverse experience better.
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Ernst & Young Introduces Metaverse, AI to Its Hiring Process With New eVe Platform
EY has launched a service called eVe that essentially offers a warm-up pre-interview preparation for candidates applying for a job at the company. People can ask eVe about EY’s compensation benefits, pension plans, and other related follow-up questions.
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China’s Alibaba has Reportedly Slashed Jobs in Metaverse Division
Alibaba is slashing dozens of jobs from its metaverse division, as per a report by the South China Morning Post (SCMP). The report suggests that the job cuts from Alibaba’s Yuanjing unit are impacting teams in Shanghai and Hangzhou.
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Not Just ‘Hype’ but ‘Genuine Value’: Binance CMO Rachel Conlan Decodes Exchange's Crypto Marketing Playbook
Ahead of the Binance Blockchain Week scheduled to be held in Dubai this week, company CMO Rachel Conlan talked to Gadgets360 about the exchange’s areas of focus in terms of its marketing dos and don'ts as the firm expands its businesses globally.
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How Meta's Hyperscape Transforms Phone Cameras into Gateways to the Metaverse: Explained
In a recent demo of Hyperscape, Zuckerberg described it as “pretty wild.” He explained, "We're working to bring photorealistic avatars and environments into the metaverse. This is Hyperscape. With your phone, you can scan a room and recreate it in the metaverse."
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Lamborghini Launches Fast ForWorld to Bring Supercars to Metaverse Gaming With Animoca Brands
Lamborghini is set to launch its supercars into metaverse gaming ecosystems. Its upcoming Web3 platform Fast ForWorld will work with Motorverse, a global ecosystem and community for digital vehicles, racing games, and motorsport culture created by Animoca Brands.
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Mark Zuckerberg’s Metaverse Gamble Pays Off With $201 Billion Fortune
Buoyed by a record-high Meta Platforms Inc. share price, Zuckerberg’s net worth has climbed almost sixfold in less than two years to $201 billion (roughly Rs. 16,86,617 crore), the first time he’s exceeded the $200 billion mark (roughly Rs. 16,78,226 crore), according to the Bloomberg Billionaires Index. He’s moved to fourth place on the list...
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What Are Metacrimes - And How Can We Stop Them?
The Apple Vision Pro is the newest tool for Australians to access three-dimensional, immersive online environments, also known as the metaverse. Released in Australia this month, it allows users to take a virtual walk in the savanna from their homes.
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Dubai Customs Launches Blockchain Platform for Reduced Paperwork, Tamper-Proof Data Sharing
Dubai Customs announced the launch of this blockchain platform on July 8, calling it a tool to offer secure, efficient, smart economic plans, and tech-driven logistics initiatives to business ecosystems.
-
Mark Zuckerberg Plans 30% Budget Cuts To Build Metaverse, Layoffs Loom
Meta Platforms Inc.'s Mark Zuckerberg is expected to meaningfully cut resources for building the so-called metaverse, an effort that he once framed as the future of the company and the reason for changing its name from Facebook Inc.
-
How Tobacco Companies Are Using Gaming, Metaverse And NFTs To Target Young Smokers
A new report warns that tobacco and vape companies are exploiting the metaverse to target young people through digital tokens and game sponsorships.
-
Rockstar Games in Talks With Fortnite, Roblox Creators to Make GTA 6 'Next Big Metaverse Platform': Report
Grand Theft Auto 6 could potentially feature custom and modifiable game environments, cosmetic items and assets, bringing external intellectual property within the game. Developer Rockstar Games has reportedly had contact with Fortnite and Roblox creators and could allow them to add custom items, assets and experiences to GTA 6.
-
Meta’s Reality Labs Unit Posts $5 Billion in Losses in Q4 2024
Reality Labs logged a loss of $4.97 billion (roughly Rs. 43,040 crore) in Q4, 2024. In an attempt to explain losses for Reality Labs, Meta CEO Mark Zuckerberg said, “generative AI, Reality Labs generally are more technical organisations which means higher cost and space being relative for their business functions.”
-
China Plans to Develop Blockchain-Focused National Data Infrastructure By 2029
China plans to work on new database solutions that would be supported on blockchain networks, it said in the guidelines. These solutions are expected to bring multi-centralisation and reliable consensus in an unalterable and easily traceable way to the table.
-
South Korea's Jeju Island Said to Use NFT-Backed Visitor Cards to Attract Younger Tourists
Jeju Island authorities reportedly plan to boost tourism by integrating NFT technology into their strategy. A report stated that, starting in 2025, the island would introduce digital visitor cards backed by NFTs that could offer holders exclusive benefits.
-
Meta's Motivo AI Model Could Deliver More Lifelike Digital Avatars: Here's How it Works
Meta has released an AI model called Meta Motivo. The model, that can control the body movements of digital avatars, is expected to make the overall metaverse experience better.
-
Ernst & Young Introduces Metaverse, AI to Its Hiring Process With New eVe Platform
EY has launched a service called eVe that essentially offers a warm-up pre-interview preparation for candidates applying for a job at the company. People can ask eVe about EY’s compensation benefits, pension plans, and other related follow-up questions.
-
China’s Alibaba has Reportedly Slashed Jobs in Metaverse Division
Alibaba is slashing dozens of jobs from its metaverse division, as per a report by the South China Morning Post (SCMP). The report suggests that the job cuts from Alibaba’s Yuanjing unit are impacting teams in Shanghai and Hangzhou.
-
Not Just ‘Hype’ but ‘Genuine Value’: Binance CMO Rachel Conlan Decodes Exchange's Crypto Marketing Playbook
Ahead of the Binance Blockchain Week scheduled to be held in Dubai this week, company CMO Rachel Conlan talked to Gadgets360 about the exchange’s areas of focus in terms of its marketing dos and don'ts as the firm expands its businesses globally.
-
How Meta's Hyperscape Transforms Phone Cameras into Gateways to the Metaverse: Explained
In a recent demo of Hyperscape, Zuckerberg described it as “pretty wild.” He explained, "We're working to bring photorealistic avatars and environments into the metaverse. This is Hyperscape. With your phone, you can scan a room and recreate it in the metaverse."
-
Lamborghini Launches Fast ForWorld to Bring Supercars to Metaverse Gaming With Animoca Brands
Lamborghini is set to launch its supercars into metaverse gaming ecosystems. Its upcoming Web3 platform Fast ForWorld will work with Motorverse, a global ecosystem and community for digital vehicles, racing games, and motorsport culture created by Animoca Brands.
-
Mark Zuckerberg’s Metaverse Gamble Pays Off With $201 Billion Fortune
Buoyed by a record-high Meta Platforms Inc. share price, Zuckerberg’s net worth has climbed almost sixfold in less than two years to $201 billion (roughly Rs. 16,86,617 crore), the first time he’s exceeded the $200 billion mark (roughly Rs. 16,78,226 crore), according to the Bloomberg Billionaires Index. He’s moved to fourth place on the list...
-
What Are Metacrimes - And How Can We Stop Them?
The Apple Vision Pro is the newest tool for Australians to access three-dimensional, immersive online environments, also known as the metaverse. Released in Australia this month, it allows users to take a virtual walk in the savanna from their homes.
-
Dubai Customs Launches Blockchain Platform for Reduced Paperwork, Tamper-Proof Data Sharing
Dubai Customs announced the launch of this blockchain platform on July 8, calling it a tool to offer secure, efficient, smart economic plans, and tech-driven logistics initiatives to business ecosystems.
