South Korea is developing systems that could make touching and motion in the metaverse real. It is part of an effort to improve immersion in virtual worlds and gaming environments. The Korea Research Institute of Standards and Science, or Kriss,
German electronics firm Rohde & Schwarz is testing animated avatars that use augmented reality (AR) to make video calls in the metaverse and other extended reality-based applications. Calls leverage an advanced form of 5G technology and are made using a
Disney makes a significant entry into the gaming and metaverse industries with a $1.5 billion investment in Epic Games for a new “persistent universe.” Also Read: HBAR Volume Skyrockets 400% After Saudi-Hedera Web3 Link-Up The Walt Disney Company released a
The Walt Disney Company has revealed Holotile Floor, a new technology that the media conglomerate says could help people move around in any direction in virtual and augmented reality. The floor was developed by Lanny Smoot, a Disney researcher with
Indian media group Shemaroo Entertainment launched “themed metaverse experiences” for some of India’s iconic films, such as Disco Dancer and The Great Gambler. The immersive experience is set in The Sandbox metaverse under the joint-venture cultural hub BharatBox. In a
Disney’s recent promotional tactic for Loki’s second season has reignited the debate on using AI creatively. While technology promises unmatched efficiency, its use in art and design is controversial. Marvel fans, alongside professional designers, have quickly spotted what seems to
Screenwriters and studios in Hollywood have reportedly reached a deal to end the writers’ strike, with terms that include “protections for the use of AI in the writing processes.” The deal will end the nearly five-month-long strike by writers, which
Proof of Play, a blockchain gaming startup led by FarmVille co-creator Amitt Mahajan, successfully raised $33 million in a seed funding round. Greenoaks and a16z Crypto led the seed round, with Anchorage Digital, Mercury, Firebase, Zynga, Alchemy, Balaji Srinivasan, and
The U.S. Securities and Exchange Commission (SEC) on Monday charged Los Angeles-based entertainment company Impact Theory with conducting an “unregistered offering of crypto asset securities” through non-fungible tokens, or NFTs. The enforcement action, considered the first by the capital markets
Disney is forging ahead with its AI aspirations and has set up a task force to explore ways of integrating the technology across its business units amid the ongoing strike by writers and actors in Hollywood. This is expected to
Major brands including American Eagle and Gucci are considering how a Chief Metaverse Officer can strengthen their company as the sector matures beyond FOMO and into creating real value. Some companies are re-examining how they define the role while others
Canadian musician Grimes says she would share 50% of profits on “any successful artificial intelligence-generated song” using her voice. Her announcement comes in the wake of a recent controversy over an unauthorized song featuring AI-generated vocals of Drake and The
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