MetaNews picks through another week of Metaverse hype with equal amounts of hope and skepticism as we chart a path through difficult waters to our brave new virtual world. Here are the stories that made landfall this week on the
Meta Platforms Inc., the parent company behind Facebook, Instagram, Messenger, WhatsApp, Meta Quest, Workplace, Mapillary, and Horizon Worlds lost more than 60% of its valuation in 2022, TradingView data showed. The plunge in market valuation has reduced METAs capitalization by over $500
The metaverse is a shared virtual landscape, an immersive internet in three dimensions. Or, as the new AI YouChat puts it: “The metaverse is a hypothetical evolution of the internet in which all aspects of online life are integrated into a
The US Federal Trade Commission (FTC) has slapped Epic Games, the maker of Fortnite, with $520 million in fines. Part of the money will now be used to reimburse gamers and their parents with a Fortnite refund. Epic Games to
As the race to dominate the metaverse gathers momentum thanks to the entrance of the big technology behemoths into the metaverse ring, its looking like the new world already had a crowned king. Fortnite, the popular metaverse game, is definitely
The National Football League is making big strides into the metaverse with partners including Roblox and Fortnite Creative. The NFL Zone is the headline endeavor of the league, a metaverse environment built in Fortnite Creative. Fortnite Creative allows users to
While the word metaverse is used loosely to describe a unified virtual world, this is not entirely correct. Currently, there are a great number of platforms that are nothing more than just little islands unto themselves with no connectivity to other
Hollywood special effects teams are increasingly using metaverse-related technologies to bring fantasy worlds to life. Industrial Light and Magic (ILM), the special effects firm founded by George Lucas in 1975, is among a host of firms pioneering ‘StageCraft’ technology to
NeXR Technologies SE has joined the Metaverse Standards Forum, a consortium of over 30 IT companies, groups, and entities working to create an interoperable Metaverse. By joining the 35-person group, the Berlin, Germany-based company intends to share its expertise in
A person seeking the presidency of the Czech Republic has made the decision to run their campaign in a Metaverse that is run on the Polygon blockchain network. This is for other very occasions that politicians are now using the
Timberland announced a new metaverse experience with Fortnite on Tuesday, in collaboration with Epic Games’ Unreal Engine and ConceptKicks. The relationship, which is centered on Timberland’s ‘Construct: 10061′ program, encompasses both the physical and virtual worlds and enables players and
Apple doesn’t introduce new product categories very often, the last was the Apple Watch seven years ago, so a polished mixed-reality headset was shown to the company’s board last month. The VR/AR business has been waiting for Apple to bring
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