Dive into the tech & future
Indian-American Neal Mohan, the newly appointed CEO of YouTube is open and rather excited to explore ways in which Web3 can make the streaming experience better on an overall basis. The Google-owned video streaming platform could soon have its nearly 75 billion monthly visitors witness how immersive the metaverse experience could be. Mohan, who had … Read more
The metaverse, exploding in its use-cases for immersive digital ecosystems, is also becoming a playground for tech-savvy criminals. The International Criminal Police Organisation (ICPO), also dubbed Interpol, is now concerned that the crimes are on a rise in the metaverse. These crimes include phishing, money laundering, sexual harassment, data theft, and counterfeiting. The Interpol is … Read more
Reality Labs, the metaverse-focussed division of Meta, lost $13.7 billion (roughly Rs. 1,12,200 crore) last year. Between September and December last year, Meta’s metaverse unit recorded its largest quarterly loss that amounted to $4.3 billion (roughly Rs. 35,200 crore). Despite these staggering losses, Mark Zuckerberg’s hopes pinned to the metaverse have stayed unaffected. The Meta … Read more
Facebook-parent company Meta has reportedly received a go-ahead from a court to complete its purchase of virtual reality startup Within Unlimited, after the US Federal Trade Commission (FTC) sought to block the deal saying the purchase could end the competition in the market.A report by Bloomberg cited people familiar with the ruling as saying that … Read more
The National Association of Software and Services Companies (NASSCOM) has released a study with McKinsey & Company as knowledge partners, titled “Metaverse – Prepare to win”. The report delves into key trends in adoption, potential applications of the Metaverse, and opportunities for service providers to take an active role in this exciting new development. While … Read more
Despite witnessing losses in billions of dollars, Meta is continuing with metaverse plans and has acquired optics startup Gary Sharp Innovations. The Colorado-based optics R&D will help the company build better VR headsets as well as AR glasses.As per a newsletter that includes documents filed with the US Patent and Trademark Office, Meta entered a … Read more
MG Motors has partnered with Metadome.ai to announce its new web-based, photorealistic metaverse named MGVerse at Auto Expo 2023. This platform claims to improve customer experiences across all channels — web, app, and in-store. MGVerse will have an arena and will come equipped with an expansive virtual world. This platform will offer various experiences including … Read more
MG Motors India on Tuesday, January 10, said that it set up its Auto Expo 2023 pavilion in the metaverse in partnership with Metadome, an immersive 3D and extended reality (XR) technology company. Called the MGverse, the automobile brand’s metaverse will allow people to visit its pavilion in its Auto Expo 2023 event — from … Read more
The market for non-fungible tokens (NFTs), which went through a rocky momentum this year, is projected to explode in popularity in the upcoming year. More brands across industries will adopt NFTs as a way to entice, reward, and retain next-gen buyers to give them immersive experiences enveloped in metaverse experiences. Meta and Reddit are projected … Read more
The name change didn’t help at all, did it? 2021 wasn’t great but was supposed to be better with all the new brand identity and a big bet on Metaverse. But no, Meta had a really tough 2022. Laying off employees, losing billions of dollars, scepticism around Metaverse and then some more. Things aren’t looking … Read more