The Elder Scrolls Online creative director Matt Firor says the metaverse is nothing new and people should stop pretending it’s an innovation. According to him, the gamers have been participating in connected virtual worlds for decades. Firor says the current
European metaverse funds have witnessed an unprecedented surge in assets due to the increasing hype surrounding AI stocks. The recent interest surrounding AI and the ensuing surge in tech stocks have benefited a group of asset managers, including Amundi and
Saudi Arabia has cut back ambitions for its $500 billion real life metaverse project Neom, which is currently under construction in the country’s northwest, due to funding concerns. Originally, the government aimed to have about 1.5 million people living in
According to Technavio, the size of the global metaverse market is expected to increase by USD 1152.35 billion between 2023 and 2027. During the forecast period, the market is anticipated to grow at a CAGR of 40.06%. It is anticipated
Somnia Network, a layer one (L1) blockchain on Ethereum that connects metaverses, says it is looking to boost scalability and speed in virtual worlds following its launch on Wednesday. The platform is a project under the independent non-profit Virtual Society
The adoption of retail spaces in the metaverse is igniting creativity in architects who are also seeing growth opportunities that are missing in physical designs. As big brands are staking their claim in the metaverse, architects are enjoying the “freedom”
Players will soon be able to explore Wiami, a virtual city where cutting-edge innovation and age-old wisdom coexist. The Epic Games store is now offering the AAA massively multiplayer online (MMO) game Wilder World. Players can now explore Wiami, “a
Ethereum co-founder Vitalik Buterin, at the BUIDL Asia conference in Seoul, critiqued the prevailing concept of the Metaverse. He argued it’s more a brand than a product, often misinterpreted, and likened its need to a simpler form of technology. BUIDL
The BBC says it has stopped using AI to promote Doctor Who and does not plan to do so again after it faced a backlash from fans of the popular television program. The broadcaster used AI “as part of a
Meta shifts gears by joining the fediverse with Instagram and Threads, aiming to empower users with greater control over their online presence and content amidst past criticisms. After his hopes for a metaverse failed, Mark Zuckerberg placed his bets on
Forever Has Fallen, a metaverse Web3 game combining storytelling and monetization elements, has officially launched on the Unique Network. The launch of Forever Has Fallen (FHF), a web3 world that assigns players to the role of bounty hunters, is expected
According to a WEF report, 92% of US manufacturing executives explore metaverse integration for enhanced production efficiency. As per a recent report published by the World Economic Forum (WEF), there is a noteworthy development among American manufacturing companies: they are
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