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The Latest Breaking News from metaverse

Here's your metaverse roundup for the week, with news from Apple and Hermès

Apple is reportedly working on AR, meanwhile NFTs had a stellar January, and luxury brand Hermès fights an NFT creator in court.

Fortune

Mark Zuckerberg and Wall Street are finally meeting in the middle on the metaverse

The Meta chief executive satisfied investors Wednesday by pledging to trim costs, but he’s still all-in on Reality Labs.

Fortune

Meta earnings drop by less than expected with boost from Reels

Parent company of Facebook and Instagram reports $32bn in revenue for fourth quarter, prompting rise in stock price

The Guardian - US

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Lofty expectation for metaverse potential

A projection suggests the metaverse could contribute US$11-21 billion per year to the Thai economy by 2035, according to research conducted by London-based consultancy Deloitte.

Bangkok Post

Meta's Reality Labs lost $13.7 billion in 2022—and just reported its worst quarter ever

CEO Mark Zuckerberg said the metaverse remains one of the company's top priorities.

Fortune

Metaverse cryptocurrencies outperformed Bitcoin and Ether in January

The tokens for the Sandbox and Decentraland increased 94% and 156% in January, respectively.

Fortune

Dubai International Financial Center Announces Metaverse Platform

The Dubai International Financial Centre (DIFC) launched the DIFC Metaverse Platform in line with the Dubai Higher Committee for Future Technology and Digital Economy's aim to attract technology innovators worldwide. The DIFC Metaverse Platform is aligned with the Dubai Metaverse Strategy, which aims to add $4 billion to Dubai's gross…

Asharq Al-Awsat

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Report: Apple Developing Software to Help Users Build Apps for Upcoming Headset

Apple Inc is developing software to help users of its upcoming mixed-reality (MR) headset build their own augmented reality apps, the Information reported on Friday, citing four people who worked on the headset. According to a Bloomberg News report, the company was in talks with about half a dozen media…

Asharq Al-Awsat

A buzzy NFT startup from Decentraland’s founder was supposed to be the future of crypto gaming. His $20M gamble on Genesis could cost the company its future

How Big Time became one of the top creditors on the bankrupt lending platform.

Fortune

Tech & Science Daily podcast: Rotation of Earth’s inner core might be reversing

Plus, Internet Matters on greater conversations around children’s use of the metaverse

Evening Standard

Metaverse, 5G adoption likely to increase threats

A surge in 5G, cloud and metaverse adoption is likely to open the door to more disruptive threats from cybercriminals this year, says cybersecurity firm Palo Alto Networks.

Bangkok Post

Here's your metaverse and NFT news for the week

The Sewer Pass NFTs give buyers access to a new Yuga Labs game called Dookey Dash, which fits into a broader future narrative.

Fortune

Opinion: Defining, Building and Governing a Metaverse for All

Consensus among the stakeholders can be built along two areas: governance and the creation of economic and societal value

Caixin Global

Saudi Arabia, WEF Launch Innovation Accelerator, Explore Collaborations in Global Metaverse Village

A high-level delegation from Saudi Arabia participated in a multilateral meeting with the World Economic Forum’s (WEF) leadership at WEF’s 2023 Annual Meeting in Davos. Prince Faisal bin Farhan Al Saud, Minister of Foreign Affairs; Princess Reema bint Bandar Al Saud, Ambassador to the United States; Abdullah bin Amer Alswaha,…

Asharq Al-Awsat

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Fortune

A new use case for the older VR user: Dealing with death

Two virtual groups hosted by EvolVR, Death Q&A and Saying Goodbye, have helped attract older people to the metaverse.

Tom’s Guide

The Meta Quest Pro is awesome, but no way am I working in this thing

The Meta Quest Pro is a powerful VR headset meant to facilitate working in the metaverse. But despite its impressive features, it's far too expensive for most people.

Fortune

This week in the metaverse: A new Bored Ape game, memecoin-themed NFTs, and a possible virtual bar from the makers of Absolut Vodka

Yuga Labs launches a new mint for existing Bored Ape NFT holders tied to a new game, plus news of a sold out meme-coin themed NFT collection, and a look at Absolut's idea for a virtual bar.

Zenger

Apple Tails Meta Into The Metaverse – Plans To Launch Reality Pro VR Headset This Fall

Apple is ready to launch its first mixed reality headset after years of development, as the tech giant follows Meta's Oculus.

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Zenger

EU Commission To Link ‘Fair Share’ Debate With The Metaverse

The EC’s move to make traffic intensive online platforms to contribute to the cost of digital infrastructure will include …

The Independent UK

CES 2023: Smelling, touching take center stage in metaverse

The metaverse was a key theme during this year's CES tech gathering in Vegas

Fortune

Here's your metaverse news for the week

News from video game conglomerate Square Enix and major Web3 investor Animoca Brands are positive signs for the NFT industry in 2023.

Evening Standard

Three simple ways brands can get ahead with Web3 in 2023

Community, value, experience and collective wealth. Futurist Haifa Barbari explains what these buzzwords mean for brands and Web3 and how to get ahead of the curve

The Independent UK

EXPLAINER: What is the metaverse and how will it work?

The term “metaverse” is the latest buzzword to capture the tech industry’s imagination

Zenger

US Military Takes War To The Metaverse With Project Tripoli

The industry metaverse is dimming, the metaverse for the military provides a glimmer of hope

Zenger

Singapore Facing Shortage Of Local Talent For ‘Phygital’ Metaverse Projects

Singapore is becoming a Metaverse hub, and an increasing number of international corporations are aiming to launch web3 businesses

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Faisal bin Farhan Al Saud

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