Category: Metaverse

This past weekend delivered an unexpected end-of-year shake-up in the emerging technology space. OpenAI announced that Sam Altman would step down from his position of CEO following a significant partnership in mid-2023 with Microsoft to leverage genAI technology for innovative...

The metaverse is a collection of 3D virtual worlds that aim to build social and economic connections. It has grown rapidly and was valued at $234.04 billion last year alone. Experts forests the sector to be worthy $3.4 trillion by 2027. ...

Yesterday, Meta President of  Global Affairs Nick Clegg posted a video on his social media calling to enterprise and education customers, promoting them to leverage XR today by highlighting some current use cases. The news comes as Meta reinforces its...

Despite regulatory hurdles from the SEC, Binance is forging ahead with a new initiative—a digital metaverse tied to The Weeknd’s “After Hours Til Dawn” tour. Binance, currently facing legal action from the SEC, has announced plans to launch a new...

Recently, Atlas officially announced the acquisition of roughly $6 million in a seed funding round following two years of the firm developing its enterprise and commercial-grade genAI-powered XR content creation platform under wraps. This marks an essential point in the...

ZTX, a web3 virtual world and creator platform, is partnering with ZGM, a metaverse influencer management and content creation firm, to launch a competition where users can bet on metaverse gaming results for ZTX rewards. The competition will be formally launched during...

Meta Quest for Business is live. Following a series of reveals last month, the Menlo Park-based firm officially launched its enterprise-grade XR device management and distribution hub. The platform is a subscription service that supports enterprise end-users in leveraging Meta...

FIFA, the international governing body of soccer, has submitted trademark applications regarding the metaverse as part of its “WE ARE” initiative. In a display of its expanding interest in virtual reality (VR), the Federation Internationale de Football Association (FIFA) has...

Following a period of beta testing, Microsoft Mesh, an immersive content creation suite for designing bespoke immersive environments for enterprise end usage, will debut in January 2024. The Mesh suite for creating custom will also be available for Teams Premium...

The global metaverse market is projected to grow massively, reaching $322 billion by 2030, according to a report by ResearchAndMarkets. Massive growth potential  According to ResearchAndMarkets’ latest report, the metaverse market was valued at around $42.05 billion during the 2021...