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The Latest Breaking News from metaverse

Meta employees are reportedly bracing for more layoffs amid delays to finalized budgets: ‘It’s still a mess’

“The year of efficiency is kicking off with a bunch of people getting paid to do nothing," one Meta employee told the FT.

Saudi Housing Ministry Launches Kingdom’s First Metaverse Platform

Saudi Housing Ministry Launches Kingdom’s First Metaverse Platform

The Ministry of Municipal, Rural Affairs and Housing announced the launching of Sakani Metaverse, the first platform of its kind in the Kingdom, in a step that aims at exploiting the interactive technology to raise the quality of life. The announcement came during the ministry’s participation in the LEAP 2023…

Asharq Al-Awsat

MQDC to launch its first metaverse in Q2

MQDC to launch its first metaverse in Q2

MQDC, a property firm owned by the Chearavanont family, plans to launch its first metaverse project called Idyllias, starting with its large mixed-use residential project The Forestias in the second quarter of this year.

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This week in the metaverse: Hermès declares victory over MetaBirkins NFT collection, Meta wants to open its metaverse to 13 year olds, and Doritos launches a metaverse recording studio

Hermès's win against the creator of the NFT collection MetaBirkins looked bad for the NFT space, but it may not be the worst for projects that are solely artistic in nature.

Wunderman lists key consumer trends

The metaverse, climate, inclusivity, commerce and health consciousness are the five major consumer trends to watch this year, says Wunderman Thompson Thailand, a marketing communications agency.

Functional seat prototypes in various forms and materials have been designed to find methods to enhance landscapes and provide people ease... traffic barriers doubling as flower pots to create green spaces... augmented reality is used to connect people's imaginations to the metaverse.

Hermès wins lawsuit against creator of NFT MetaBirkins, jury claims NFTs are not protected as art under the First Amendment

The verdict could have broad ramifications for NFTs and the metaverse.

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Hiroshima Adopts Metaverse In Education

The metaverse has become a part of university classes in the Japanese city

Meta wants teens to save its metaverse

Meta wants teens to save its metaverse

Young metaverse users are spending little time on Meta's Horizon Worlds, opting instead for its competitors' products.

Users have avoided Meta's metaverse flagship so far, so the company is looking to bring in teen users

Users have avoided Meta's metaverse flagship so far, so the company is looking to bring in teen users

Zuckerberg’s focus on the virtual world is still going strong.

Are brands protected in the metaverse? Hermès and NFT artist spar in US court

Are brands protected in the metaverse? Hermès and NFT artist spar in US court

Luxury retailer and creator of Birkin bag says Mason Rothschild’s MetaBirkin project has simply ripped it off and reaped the profits

The Guardian - US

NVDA vs. XPER: Which Chip Stock Should You Pick in 2023?

NVDA vs. XPER: Which Chip Stock Should You Pick in 2023?

The semiconductor industry is expected to thrive in the coming years amid the rapidly growing use of AI and the metaverse. Given the favorable growth prospects of the sector, quality chip stocks NVIDIA (NVDA) and Xperi (XPER) are expected to witness solid gains. But which stock should you pick in…

Brian Merchant: How tech is changing LA — and how LA is changing tech

Is tech OK? It's not just the mass layoffs. It's that, to an alien observer, many of the most hyped ideas emerging from America's vaunted tech industry over the last few years would seem untethered from reality, if not outright unhinged.

Los Angeles Times

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

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.

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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.

The Guardian - US

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

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.

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.

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Metaverse cryptocurrencies outperformed Bitcoin and Ether in January

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

Asharq Al-Awsat

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

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…

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.

Evening Standard

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

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.

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.

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