Metaverse

What Web3 Games Need to Do to Break into the Japanese Market – IVC Partner Ann Chien

September 1, 2024 Bitcoin.com

bitcoin.com

IVC is a Web3 venture capital fund backed by leading Japanese gaming studios. They focus on Web3 gaming, digital entertainment, AI, DeFi, and infrastructure, and have invested in over 200 projects. They also host Japan’s largest Web3 conference, IVS Crypto, which attracts over 12,000 attendees annually. Ann Chien serves as a Partner at IVC. She […]

Bitcoin will hit .5M by 2035, says analyst who called 2024 bounce

Bitcoin will hit $1.5M by 2035, says analyst who called 2024 bounce

Meta cancels next-gen headset as Reality Labs remains mired in VR

August 24, 2024 Coin Telegraph

Coin Telegraph

There’s more to the metaverse than hardware, and Mark Zuckerberg appears to be learning that lesson the hard way.

Meta’s metaverse ambitions may not be going as well as planned. The company’s Realty Labs division reportedly stopped work on a next-generation headset amid concerns the product wouldn’t sell well enough to justify its production.

According to a report from The Information, workers were given the cease order after CEO Mark Zuckerberg weighed-in during a product update meeting. Evidently, Meta was expecting Apple’s Vision Pro — a product similar to the one Reality Labs was developing — to perform better than it has.

Despite involvement from some of the top technology firms in the world, including Sony, HTC, Meta, and Google, virtual reality hardware remains a niche market. As far as consumers are concerned, VR remains a niche product.

Bitcoin will hit $1.5M by 2035, says analyst who called 2024 bounce

Former BAYC creative director Jeff Nicholas joins Meta’s Reality Labs

August 17, 2024 Coin Telegraph

Bored Apes Yacht Club

Nicholas joins Meta as an executive mixed reality producer for entertainment experiences.

Former Yuga Labs creative director for Bored Apes Yacht Club Jeff Nicholas will be joining Meta’s Reality Labs as an executive producer for mixed reality entertainment experiences.

Nicholas announced the move on X and LinkedIn, stating that he’ll begin his new position in September.

He also added that he’d be working specifically on virtual reality products:

Bitcoin will hit $1.5M by 2035, says analyst who called 2024 bounce

Half of the 10 most valuable companies on Earth are making metaverse hardware

August 11, 2024 Coin Telegraph

Apple

The metaverse is dead, long live the metaverse.

Microsoft is reportedly looking to take on Apple’s Vision Pro headset with new hardware it would develop in partnership with Samsung. This would mean that five of the ten most valuable companies by market capitalization — Apple, Google, Meta, Microsoft, and Nvidia — are currently developing new metaverse gear.

The Microsoft news comes from a local outlet in South Korea, The Elec. According to the report, Microsoft plans to order hundreds of thousands of OLED panels from Samsung for a device to be mass produced in 2026.

That’s a ways off and, according to The Verge, the device will be a headset meant for spatial computing (as opposed to virtual reality). The Verge also indicated that it was specifically not meant for the metaverse — but, any display device, including a computer monitor, can interface with “the metaverse,” spatial computing devices just offer a different level of immersion.

Bitcoin will hit $1.5M by 2035, says analyst who called 2024 bounce

Metaverse book gets boring rename in latest sign of waning enthusiasm

July 21, 2024 Coin Telegraph

Augmented Reality

The growing malaise for metaverse hype is reminiscent of the AI sector directly before the launch of GPT-3.

Matthew Ball, former global head of strategy at Amazon Studios and author of the 2022 book “The Metaverse: And How It Will Revolutionize Everything,” is re-releasing the book under a new, more underwhelming title: “Building the Spatial Internet.”

To be clear, the book will still be called “The Metaverse,” but the spatial internet bit will replace the former language indicating that the metaverse would revolutionize everything.

Evidently, after two years, the revolution has either come and gone or remains impending. Either way, on July 23, the book's newest edition launches.

Bitcoin will hit $1.5M by 2035, says analyst who called 2024 bounce

AI and Metaverse Combo Could Create More Interactive, Personal Virtual Worlds, Says Tech Veteran

July 21, 2024 Bitcoin.com

Artificial intelligence (AI)

According to Paul Thomas, a seasoned technologist and founder at Somnia, artificial intelligence (AI), like the metaverse before it, is currently experiencing hype. This hype cycle will continue to be in vogue before eventually waning. Thomas argues that combining the metaverse with AI can potentially “make virtual environments interactive and personal.” AI Hype Cycle Expected […]

Bitcoin will hit $1.5M by 2035, says analyst who called 2024 bounce

Meta reportedly cut metaverse budget by 20% as Q2 earnings call looms

July 20, 2024 Coin Telegraph

Augmented Reality

Despite Q1 company earnings rising 27% year-over-year, Reality Labs will have to cut costs.

Meta will reportedly cut the budget of its Reality Labs, the division responsible for developing the company’s metaverse hardware and software, by about 20% between now and 2026.

This comes via a report from The Information and aligns with recent indications that Meta plans to shift Reality Labs into production mode ahead of several high-profile hardware launches slated over the next couple of years.

Analysts for Bank of America opined that the cost-cutting measures would net Meta a savings of about $3 billion.

Bitcoin will hit $1.5M by 2035, says analyst who called 2024 bounce

Unstoppable Domains to Provide Web3 Sign-In to Pudgy Penguins Metaverse

July 11, 2024 Bitcoin.com

bitcoin.com

Unstoppable Domains, a key player in Web3 domains and digital identity solutions, has announced an integration with Pudgy Penguins, enabling users to access Pudgy World using their .pudgy domain names. The integration allows users to bypass traditional password-based logins, offering a more streamlined access that doesn’t rely on Web2 credentials. This approach not only enhances […]

Bitcoin will hit $1.5M by 2035, says analyst who called 2024 bounce

Meta’s prototype ‘full holographic’ glasses could be a game changer for Web3

June 29, 2024 Coin Telegraph

Coin Telegraph

The new holographic display could give NFTs the Pokemon Go treatment.

Meta’s Mark Zuckerberg thinks smart glasses with holographic displays will slowly supplant the mobile phone as humanity’s primary communications and computing device.

In a recent interview with YouTuber Kane “Kalloway” Sutter, the billionaire tech mogul expounded on a number of topics including artificial intelligence and open source. But, when asked by host Kalloway what Meta’s most exciting future product was, Zuckerberg gave a full-throated endorsement for a set of glasses — the kind you wear on your face — featuring cameras, microphones, speakers, and a full field-of-view (FOV) holographic display.

Pundits in both the advertising world and the technoverse have, by and large, had a field day mocking Meta and Zuckerberg over their pivot from “Facebook,” the company behind the aptly named “Facebook” social media platform to “Meta,” the company that’s… working on the metaverse.

Bitcoin will hit $1.5M by 2035, says analyst who called 2024 bounce

Animoca Brands plans return to stock market by 2025

June 26, 2024 Coin Telegraph

Coin Telegraph

Animoca Brands is considering a public market return after four years of delisting in Australia, eyeing more receptive jurisdictions like Hong Kong and the Middle East.

Gaming and metaverse giant Animoca Brands is reportedly considering returning to the public market after delisting from the Australian Securities Exchange (ASX) in March 2020.

This time, the company is targeting friendlier jurisdictions, specifically analyzing Hong Kong and the Middle East, according to The Information on June 26, citing the company’s co-founder, Yat Siu.

Animoca has been holding meetings with investment banks but has not chosen a location or hired an adviser, notes the report. The company is headquartered in Hong Kong, with offices and subsidiaries in several other countries.

Share this video