The Ministry of Industry and Information Technology (MIIT) in China will form a task force to set the standards for the metaverse sector. China has joined the race to be the global standards-setter for new immersive technology with Australia, which
The number of active users in the Decentraland and The Sandbox metaverses has dropped massively, according to DappRadar statistics. The two platforms had less than 4,000 unique active wallets in the past 30 days, while the floor prices of non-fungible
YouTuber Jarvis Johnson spent a week testing Meta’s Horizon Worlds, describing the experience as “so lonely.” Challenges faced by Johnson included trying to find adults to interact with as the environment is regularly crowded out with younger users, contributing to
Metaverse technology is creating new opportunities for teachers to inspire students, said Nick Clegg, President of Global Affairs at Meta. Clegg believes that this immersive technology has transformed ‘various areas of education in recent decades’, according to his new blog.
Roblox announced plans to launch its gaming metaverse on Sony’s PlayStation consoles in October. At its 2023 Roblox Developers Conference (RDC) on Sept. 8, the company also said that it will make its app fully available on Meta’s Quest mixed
A consortium of German startups and defense academics are testing AI systems in the metaverse, leading to new strategies and use cases for military hardware. The system, dubbed GhostPlay, allows officials to wargame new features for aerial drones and other
In a new ad campaign, Meta, the company previously known as Facebook, emphasizes the real and pragmatic socio-economic benefits of virtual reality, diverging from its erstwhile futuristic portrayal of the metaverse experience. The core theme behind the ad series is
As the race for metaverse development continues, Shandong Province in China has released draft guidelines to develop an ambitious 150 billion yuan, or $20.5 billion, metaverse market by 2025. As part of its plan, the province seeks to develop metaverse-related
Leading financial services hub Dubai International Financial Centre (DIFC) has completed its first cohort with 10 regional and global startups under its DIFC Metaverse Accelerator Programme. The program was done to promote metaverse inclusivity in accordance with Dubai Higher Committee for Future
World over, the retail sector has seen a significant shift with shoppers adopting online shopping as opposed to traditional brick-and-mortar experiences, and another trend—metaverse shopping—is emerging. Metaverse shopping, as a new trend in the retail sector, is gaining traction, and
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