Metaverse tech gets US greenlight to use speedier 6GHz frequency
The United States Federal Communications Commission made the decision amid a flurry of mixed reality devices that are hitting the market. Go to Source
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Meta Q2 earnings: Reality Labs losses top $7.7B year to date
Meanwhile, Meta’s metaverse-building business has racked up around $21 billion in losses since the start of 2022. Go to Source Powered by WPeMatico
‘Extended reality’ to create 860K jobs by 2025: EU Commission
The European Commission has laid out its plans for becoming a “world leader” in Web 4.0 and the Metaverse. Go to Source Powered by WPeMatico
Samsung Is Preparing Its Own Metaverse Hardware in Partnership With Google and Qualcomm
Samsung, the Korean electronics company, has revealed it is working to build its own metaverse and extended reality devices, hinting at the possibility of the launch of a VR headset in the near future. TM Roh, head of Samsung mobile experiences business, stated that the device will be built in partnership with Google and Qualcomm. … Read more
Meta CEO Zuckerberg steadfast on metaverse plans despite $13.7B setback
During a Q4 earnings call on Feb. 1, Mark Zuckerberg said he saw no reason to deviate from their long-term Metaverse strategy. Go to Source Powered by WPeMatico
NBA Extends Partnership With Meta to Bring Basketball Games to the Metaverse
The NBA has extended its current partnership with Meta to broadcast its games to the metaverse. The company announced that 52 games of the league will be available to be enjoyed using VR (virtual reality) tech, using Xtadium, a co-viewing platform. Five of these games will be presented in a more immersive way for Horizon … Read more
Nifty News: Porsche ends ‘low effort’ NFT mint early, Oreo dunks into the Metaverse and more
Porsche’s first foray into NFTs appears to have flopped after recording underwhelming sales and was heavily criticized by the community. Go to Source Powered by WPeMatico
Nifty News: Trump NFTs surge 800%, Yuga Labs blacklists NFT exchanges, and more
Donald Trump’s NFT collection started out strong but then started looking lifeless up until a few days ago. Go to Source Powered by WPeMatico
Car Manufacturer Maruti Suzuki Launches Metaverse Showroom Experience in India
Maruti Suzuki, one of the biggest car manufacturers in India, has announced that it is taking its customer retail experience to the metaverse. The company announced on Jan. 1, it would launch a VR (virtual reality) network for its Arena showroom series, allowing its users to experience the Maruti Suzuki Cars online or via authorized … Read more
Meta Will Continue to Push Metaverse Investments in 2023 According to Head Of Reality Labs
Meta will continue to invest in VR (virtual reality) tech in 2023, according to statements made by Andrew Bosworth, head of Reality Labs, the metaverse division of the company. While Meta has made some changes and adapted to the current shaky economic atmosphere, Bosworth states that the company is still committed to its metaverse pivot. … Read more
