Category: Metaverse

This week, reports from BussinessInsider highlighted how Microsoft is closing down Project Airsim, an AI ambition tied to the firm’s Industrial Metaverse roadmap. As part of the closure, Microsoft is also laying off the project’s employees as it plans to...

(Image by Maria Korolov via Midjourney.) Last Friday, AltspaceVR announced that will be shutting down its virtual environment in March. AltspaceVR was a consumer-focused immersive space that could be accessed either via the desktop or through a virtual reality headset....

Key Takeaways Singapore-based phygital collectibles firm has raised $20 million in Series A funding round East Ventures, the Jakartan venture capital led the funding round The latest round will enable Mighty Jaxx to make a foray into the metaverse YEREVAN...

Hoping to reignite interest in the virtual world, The Sandbox metaverse is launching a new virtual neighborhood called Cinerama. With Cinerama, users can sign up to buy and turn their digital properties into opportunities to collaborate, share ideas, and transform...

IGS 2023 wrapped up last week, tipping off a monumental event filled with XR innovation across a series of industries. The event concluded just in time for the launch of AWE this week, which equally sees the XR community unite...

(Image by Maria Korolov via Midjourney.) Samsung, in partnership with Qualcomm and Google, has announced plans to develop a new extended reality product. XR is a term that encompasses virtual reality, augmented reality, and mixed reality technologies. I myself switched...

77% of U.S. consumers don’t want Meta-owned metaverse… 10 Key Takeaways 87% of the respondents prefer a decentralized blockchain-owned metaverse. Gaming tops the list of reasons why consumers will spend time in the metaverse. LAGOS (CoinChapter.com) — A new study...

A consultation paper dated October 2023 shares the Financial Services Commission (FSC) of East African country Mauritius started collecting feedback about the inclusion of metaverse within the financial services industry. Over the month of November, the FSC will gather public...

Meta has reportedly considered ramping up its hiring efforts in 2024 due to an ongoing “hiring underrun” in a bid to procure more technical positions for its metaverse ambitions. in the company’s third quarter (Q3) earnings, Meta indicated a silver...

Hosting4OpenSim, a virtual world hosting company, has announced its grand opening. Founded in December 2022 by three friends from Mexico, the US, and Brazil, the company aims to become the leading provider for OpenSim hosting services. As part of its...