Metaverse News
China Will Become a Metaverse Tech Leader...
China will become a leading Metaverse technology country during 2023. The Metaverse industry believes that the development of other technologies such as artificial intelligence (AI), virtual reality (VR), augmented reality (AR) and 6G will enable China to shape the future of the Metaverse.
OpenAI’s GPT Is Helping Turn Text Into...
OpenAI’s GPT Is Helping Metaverse worlds, GPT Technology is being used to generate 3D representations of environments and objects in the Metaverse based on textual descriptions. This technology has potential applications in gaming, virtual events, and other areas where immersive virtual environments are desired.
Gucci Is Bringing Luxury Fashion To The...
Luxury Italian fashion house Gucci has launched ‘Gucci Vault Land’, its latest play-to-know game, in The Sandbox metaverse. With Gucci Vault, the fashion brand offers players the chance to complete objectives, earn rewards and educate themselves on the illustrious history of the company.
Meta’s Reality Labs Looses $3.6 Billion In...
Meta continues to return losses from its biggest bet ever. In its Q3 earnings report, the company’s metaverse division reported a loss of $3.6 billion, its highest ever in a single quarter, bringing its grand total in losses this year to a staggering $10 billion.
Norway Government Opens Public Information Center In...
Norway’s public registry center is collaborating with global accounting firm Ernst & Young (EY) to open an office in the metaverse. Through its virtual office, the government agency aims to educate the younger generation about tax laws, business development and cryptocurrencies.
Metaverse Will Replace Smartphones By 2030, Says...
Nokia believes that by 2030, smartphones will be replaced by the metaverse as the primary form of communication between people. The company says that as metaverse platforms add more use cases, there will be increased demand which will lead to more affordable AR and VR devices flooding the market.
INTERPOL Launches First-Ever Metaverse Designed For Law...
The International Criminal Police Organization or INTERPOL has launched a metaverse designed for law enforcement agencies. The virtual reality platform allows registered users to take training courses in various areas of policing, and intends to make the metaverse a safer place.
Food Brands Are Entering The Metaverse
Trademark filings reveal popular food brands In-N-Out Burger, Kraft Foods and Del Monte Foods are planning to enter the metaverse. The companies have patented goods and services like food, beverage, restaurants, NFTs, crypto exchanges and marketplaces for the virtual world.
Decentralized Music Platform Audius Acquires SoundStage
Audius has purchased virtual concert hosting service SoundStage. The blockchain-based music streaming platform backed by Katy Perry and Sony Music plans to bolster its presence in the metaverse with the acquisition.