Disney cuts metaverse division and is set to lay off 7,000 employees
Walt Disney Co. is eliminating its metaverse division as part of a plan to reduce its workforce by 7,000 over the next two months to cut operating costs. Disney’s CEO, Bob Igler, announced on...
Irish tech companies seek to go beyond the Metaverse
Tech companies in Ireland are now seeking opportunities beyond the metaverse. In 2021, Meta’s CEO Mark Zuckerberg embarked on what many consider the most important pivot in the company’s history. At the Facebook Connect...
Countries with the highest Metaverse Strategies
The metaverse is a virtual world that connects users with an immersive and interactive experience. It is rapidly emerging as the next frontier of digital technology. As more and more companies invest in this...
Nvidia and Microsoft Join Forces to Bring Industrial Metaverse to Millions of Users
Nvidia and Microsoft have partnered to grant millions of Microsoft enterprise users access to the industrial metaverse and AI resources through the cloud. The partnership of the two giants promises to accelerate the digitalization...
Becoming a VR Designer: Exploring Careers In The Metaverse
Industries worldwide focus on extended reality technologies, which have transformed from gaming to corporate use. Companies use VR for education, training, product development, and customer service. As the metaverse draws near, reliance on extended...
OnCyber Introduces Custom Metaverse Worlds Powered by GPT, Fusing AI, and Cryptocurrency
OnCyber, a Web3 metaverse platform, has introduced a novel AI-based feature known as Magic Composer. Magic Composer enables users to customize their virtual environments via text commands. This tool leverages OpenAI’s GPT-3.5 model and executes...
HTC VIVE Unveils Self-Tracking Device for VR-Tracking Lineup
HTC VIVE has announced the addition of an unnamed self-tracking device to its range of VR-tracking equipment. HTC VIVE Focus 3 and HTC VIVE XR Elite will both make use of this new device....
CHARLES & KEITH Takes a Leap into the Virtual World with the Launch of CHARLESKEITHHAUS in The Sandbox
Metaverse Sandbox has made significant progress in recent weeks. Recently, The Sandbox partnered with high-end women’s fashion brand Charles & Keith. This partnership focused on introducing fresh experiential offerings in the virtual world. CHARLESKEITHHAUS The...
Metaverse payment platform Tilia secures strategic investment from J.P Morgan
Tilia, an online payment platform catering to NFT providers, mobile app developers, virtual world creators, and gamers, has received funding from J.P Morgan Payments and Dunamu, the operator of crypto exchange Upbit. The company...
Lego partners with Epic Games to create digital world in Metaverse
Epic Games, the developer of the popular video game Fortnite, and Lego, the Danish toy production company, have joined forces to create a new virtual world. This partnership will enable Lego to expand into...