Report shows metaverse could contribute over $50 billion in MENA region by 2035
A newly released report by Meta in partnership with Deloitte has shed light on the economic potential of the metaverse in the Middle East and North Africa (MENA) region. Titled “The Metaverse and Its...
Ulta Beauty and Lush Become Early Participants in Metaverse Beauty Week
Metaverse Beauty Week recently announced the initial lineup of participating brands. The brands include Lush, Lottie London, Neutrogena, and Ulta Beauty. The event is to hold from June 12 to 16, spanning Spatial, Decentraland, and...
BMW Teams Up with Meta to Create VR headsets Tailored for In-Car Use
BMW has partnered with Meta to create VR headsets for moving cars. After a decade of BMW’s efforts to integrate VR into their vehicles, they have successfully overcome the challenge of motion confusion with...
The Voice launches new permanent residence in Decentraland
Popular karaoke contest, The Voice, just launched a new permanent residence in the Vegas City area of Decentraland. The new residence will allow fans of the popular tournament to meet up with celebrities, enjoy...
Binance Introduces Metaverse Investment Competition Showcasing Web3 Startups
Binance, the well-known blockchain and cryptocurrency company, is venturing into the metaverse with its latest initiative, “Build The Block.” This digital series, developed by Binance Labs, will allow web3 startups to compete for investments...
Study shows metaverse may account for 2.4 percent of US GDP by 2035
A new study commissioned by Meta Platform suggests that the Metaverse could contribute as much as $760 billion, or about 2.4 percent of the US GDP by 2035. The Deloitte report highlights the potential...
KPMG Study Shows Almost Half of UK Consumers See Metaverse in Their Future
As the metaverse gets increasingly popular globally, a new KPMG study has found that almost half of UK consumers believe that the metaverse will become widely used in the next 10 years. The research...
Alibaba Cloud builds Cloudverse on Avalanche
Alibaba Cloud has built a Launchpad, Cloudverse, and hosted on Avalanche, allowing businesses to deploy metaverses on the layer 1 blockchain.A crypto launchpad, sometimes called a crypto incubator, is a decentralized exchange (DEX)-based platform...
Saudi Arabia’s CST and the ITU discuss how metaverse can help achieve SDGs
Saudi Arabia’s Communications, Space and Technology Commission, in partnership with the International Telecommunications Union, recently held an online event to discuss the potential of metaverse technologies in smart cities. The conversation centered around how...
Meta’s Survival Depends on More VR Games
It appears for Meta to achieve its goal of creating its own Metaverse, the company must have high-quality VR games. Nevertheless, Meta may not fully recognize the significance of good VR games. Meta’s Quest...