Chinese reality TV show Sing!China is entering the metaverse. Web3 technology company NFKings is working with Hong Kong Stock Exchange-listed variety program IP operator Star CM Holdings to launch Sing!Meta, a metaverse version of the popular musical show. Sing!China is
Meta, the parent company of Facebook, has reportedly halted its development of the VR/AR project, including a pause on the development of Quest Pro and Quest Pro 2, reports The Information. Mark Zuckerberg’s tech giant has cancelled the new projects
Futureverse, a frontrunner in the AI and metaverse industry, recently announced the successful conclusion of its Series A funding round, raking in $54 million. The leading investors were 10T Holdings, LLC (“10T”), with a notable contribution from Ripple, a currency
Vishal Shah, Meta’s Metaverse VP, argues that the metaverse hype cycle is now dead. The executive went on to add that this is a good thing because now he and Meta’s other employees can simply “put our heads down and
The European Commission has recently unveiled an ambitious plan to make Europe a global leader in extended reality (XR) and Web 4.0. As part of this strategy, the Commission forecasts the creation of as many as 860,000 jobs in Europe’s
Students at Hong Kong University of Science and Technology (HKUST) are proving the metaverse is still alive and vibrant as the school pushes a metaverse campus, which is expected to improve its curriculum and connectivity across campuses. The students have
BAYC outperformed several NFTs during the first seven days of July after seeing renewed interest in sales after a difficult period in June where the average sale value fell to new lows. BAYC, the Bored Ape Yacht Club was among
Sorare became an integral force in the non-fungible token (NFT) market at the end of the first quarter of this year. The project broke into the biggest-selling digital collections of all time by sales volume. Sorare is now a top
EU Competition Commissioner Margarethe Vestager says the metaverse does not need to be regulated because it does not pose any antitrust concerns at this time. Vestager’s comments come ahead of a presentation she will make to competition regulators this week,
The Open Metaverse Alliance (OMA3), a group of top metaverse companies, is spearheading the development of standards for a metaverse that is community–owned, decentralized, and usable across different platforms, according to a recent announcement. Based in the Swiss technology hub
Businesses are investing billions into metaverse-related projects thanks to their ability to optimize operations, but a recent study published in the peer-reviewed journal, Energy & Environmental Science, shows that the metaverse might also help to reduce carbon emissions. According to
Mark Zuckerberg’s Meta is launching a new subscription service for the Meta Quest VR headset. The service, dubbed Meta Quest+, will offer its subscribers the choice of two hand-picked gaming titles every month. The launch marks a significant shift in
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