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The Latest Breaking News from metaverse

‘The metaverse will be our slow death!’ Is Facebook losing its $100bn gamble on virtual reality?

The company now known as Meta has spent staggering amounts on creating an immersive successor to the traditional 2D internet. But what has it got to show for it, apart from 11,000 job losses?

The Guardian - UK

Companies are pouring millions into the metaverse workplace. Here's what you should know before joining them

There’s a place for the metaverse in return-to-office plans. Just don’t expect it to solve real-world workplace issues like harassment, racism, and sexism.

Fortune

Fashion Awards 2022: you can rent Irina Shayk’s H&M dress for £35

The model’s sustainable gown is part of H&M’s Metaverse Design Story and can be yours for less than £100

Evening Standard

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Indonesia central bank says digital rupiah currency can be used in metaverse

JAKARTA: Indonesia's central bank (BI) governor Perry Warjiyo said on Monday its planned digital rupiah currency can be used in the future to buy products in the metaverse.

Bangkok Post

The metaverse offers challenges and possibilities for the future of the retail industry

In 1968, American computer scientist Ivan Sutherland predicted the future of augmented and virtual reality with his concept of the “Ultimate Display. The Ultimate Display relied on the kinetic depth effect to create two dimensional images that moved with its users, giving the illusion of a three-dimensional display.

The Conversation

Zuckerberg skeptical of skeptics, $1 billion in NFT creator royalties, and real-life metaverse clothing from Forever 21

Meta founder Mark Zuckerberg said he doesn't care what people say about his metaverse, plus news on OpenSea's $1 billion creator royalty program and real-life metaverse clothing.

Fortune

Fiat Store Now Exists In Metaverse, Offers Test Drive On La Pista 500

The launch of the 500 Metaverse Store was highlighted by the New 500 La Prima by Bocelli.

Motor1

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Only 6 people showed up to the EU’s $400k party in the metaverse

The EU commission has tried and failed to be “down with the kids.”

Fortune

Metaverse offers a virtual world of opportunity

Thais have shown strong interest in the metaverse, while the virtual world could be a promising opportunity for the tourism, shopping and gaming fields, according to online research firm Toluna.

Bangkok Post

Sony Mocopi, price, release date, specs for the motion capture wearable

Sony’s Mocopi device uses sensors on your head, hip, wrists, and ankles to give you a more realistic metaverse avatar.

Inverse

Class of '92's UA92 to hand out NFTs as it enters the metaverse

UA92 said its plans to award NFTs to its graduates is a global first in the education sector

Birmingham Post

What are all those "chief metaverse officers" actually doing?

Metaverse execs are working on strategy, evangelizing and more.

Axios

30 years later, Nintendo's weirdest hardware flop could finally catch on

After decades of little progress, VR gloves could be making a comeback and enriching the Metaverse.

Inverse

Nike the latest fashion icon to step into the metaverse with new virtual trading platform

Nike has announced its new .Swoosh online platform, where users will be able to "collect, trade, and flex" virtual Nike products.

The New Daily

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Fortune

'Metaverse' could be word of the year, Johnnie Walker launches an NFT, and Mattel creates an NFT marketplace

"Metaverse" is competing against two other terms for the Oxford English Dictionary's word of the year, plus NFT news from Johnnie Walker and Mattel.

Fortune

Meta pushes back on ‘false’ report that Zuckerberg is planning to step down as CEO

The Leak, citing an anonymous source, claimed that Zuckerberg would depart in 2023 because of the company’s recent losses.

Asharq Al-Awsat

Saudi Arabia Prepares to Host the WTTC Global Summit

Saudi Arabia announced on Tuesday that it will host, for the first time, the 22nd edition of the World Travel & Tourism Council (WTTC) Global Summit, which will be attended by a prestigious gathering of tourism leaders. The event will feature a metaverse experience created for potential investors to explore…

Fortune

Even the metaverse has a lack of women in leadership roles

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Inverse

Don't Worry Darling reveals the limits of a major tech trend

Is the Metaverse possible? Maybe, if Don't Worry Darling is a sign of our future.

Bangkok Post

Meta upbeat on 5-10 year outlook

The metaverse is expected to gain momentum in the mass market in 5-10 years, while various emerging technologies require regulation in a responsible manner without undermining the innovative power of technology, according global tech powerhouses Meta and Amazon Web Services (AWS).

Fortune

This week in the metaverse: Best year yet for Web3 trademark filings, Cristiano Ronaldo NFTs, and 'the world's first digital nation'

While metaverse-related trademark filings were unheard of just a few years ago, trademark attorney Mike Kondoudis told Fortune it is now an essential part of many companies's strategies.

Reason

New FTX CEO Describes 'Complete Failure of Corporate Controls' in Scathing Court Filings

Plus: Twitter is alive and well, the U.K. considers unprecedented tax hikes, and more...

ABC News

FTX had a 'complete absence of trustworthy financial information' says new CEO

The man appointed to administer the collapsed crypto exchange in chapter 11 bankruptcy, who oversaw the clean-up after Enron's collapse, says he has never seen "such a complete failure of corporate controls".

Fortune

A tiny country threatened by rising sea levels is uploading itself into the metaverse to guarantee its existence

“As our land disappears, we have no choice but to become the world’s first digital nation,” Tuvalu Foreign Minister Simon Kofe told the COP27 climate summit.

Reuters

Tuvalu turns to the metaverse as rising seas threaten existence

Tuvalu said on Tuesday it plans to build a digital version of itself, replicating islands and landmarks and preserving its history and culture as rising sea levels threaten to submerge the tiny Pacific island nation.

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