Tim Sweeney, the CEO of video game and software developer Epic Games, is a big believer in the metaverse – but thinks Apple will try to either crush it or “extract all the profit from it.” Sweeney made the comments during
The global metaverse market in finance is poised to grow by $107.06 billion between 2022 and 2027, according to a report by global tech research and advisory firm Technavio. Businesses are investing heavily in the metaverse, with the World Economic
Chinese technology giant Tencent Holdings is reportedly culling staff at its extended reality (XR) unit and folding plans for virtual reality (VR) hardware. It joins a host of Big Tech to have cut, or abandoned, spending on the metaverse as
The Metaverse is rapidly being adopted worldwide, as businesses display their showcases with immersive experiences and students attend classes in virtual reality. Likewise, the United Arab Emirates’ Ministry of Health and Prevention (MoHAP) announced the launch of a Metaverse for
The International Criminal Police Organization, or Interpol, is looking at ways to police crime in the metaverse, according to secretary general Jurgen Stock. However, the agency may find that to be hard in the absence of a universally agreed definition
Microsoft CEO Satya Nadella talked up the metaverse as “game changing” at the just ended Word Economic Forum (WEF). He spoke as the U.S. tech giant shut down its virtual reality (VR) metaverse AltspaceVR, in a company-wide purge that will
Shiba Inu (SHIB), the popular dog-themed meme coin that started as a joke, will showcase its developing immersive metaverse experience at the upcoming Southwest Film and TV festival (SXSW) in Texas in the U.S. It comes as the creators of
Companies in India are preparing to fully embrace the metaverse. Commercial industries are creating their own metaverses, and national museums are taking steps to offer immersive experiences to visitors. Additionally, India Inc. is also making a significant effort to train
Manchester City Football Club, an association football team based in the United Kingdom are in process of launching a virtual fan engagement platform in the metaverse, according to a Proof of Concept (PoC) video shown at CES 2023. CES is the
Singapore is emerging as a hub for the Metaverse as global companies are attracted to the country to establish web3 businesses, presenting a significant opportunity for local talent. Singapore, known as a finance and tech hub, is now positioning itself
The Metaverse and extended realities (XR) present tremendous opportunities to advance remote work by boosting collaboration and improve training, a top AT&T Inc official says. AT&T is the world’s largest multinational telecommunications holding company by revenue and the third largest
Researchers from Stanford University and NVIDIA collaborated to address one of virtual reality (VR) experiences’ main problems: the cumbersome headsets. According to a news statement from the company, the researchers demonstrated how they might be made to have the thickness
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