Ghana Postal Company Launches ‘Crypto Stamp’ to Mark Ascension of Traditional Ghanaian Ruler

May 9, 2024 Bitcoin.com

bitcoin.com

The Ghana Post Company recently launched what it termed the first-ever crypto stamp to commemorate the 25th anniversary of the reign of a ceremonial ruler in Ghana. The managing director of the Ghana Post Company asserted that the crypto stamps would act as a bridge, linking the older and younger generations of Ghana. Crypto Stamp […]

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More than half of the Fortune 100 uses Apple’s Vision Pro headset

May 4, 2024 Coin Telegraph

Apple

Spatial computing in the industrial metaverse appears to be paying off for the company that Steve Jobs built.

Apple’s Vision Pro headset, a mixed-reality spatial computing device, has been adopted by a majority of Fortune 100 companies with more than half purchasing at least one.

Company CEO Tim Cook relayed the information during Apple’s first quarter 2024 earnings call, citing Vision Pro adoption as a sign of increased enthusiasm for the company’s products:

The Vision Pro launched in early February of 2024 with a price tag of $3,499 in the United States. In the time since, it doesn’t appear to have made much of a dent in the consumer market where much lower priced options such as Meta’s Quest line of VR headsets.

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Yuga Labs Resumes Layoffs; CEO Says Web3 Platform ‘Lost Its Way’

April 29, 2024 Bitcoin.com

bitcoin.com

According to Greg Solano, co-founder of Yuga Labs, the Web3 platform has laid off additional workers partly because it had “lost its way.” Solano also encouraged employees uninterested in the next phase to consider accepting the same severance package offered to those affected by the layoffs. Convoluted Corporate Processes Yuga Labs, the Web3 platform behind […]

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Europe needs ‘Airbus for the metaverse’ to become global Web4 leader

April 28, 2024 Coin Telegraph

Coin Telegraph

Analysts from the London School of Economics and Political Science say a pan-European industrial cluster is necessary for the EU to compete in Web4.

LSE Consulting, a firm anchored within the London School of Economics and Political Science (LSE), recently released a report detailing a potential path towards European dominance in the emerging Web 4.0 sector.

According to the team, the formation of an Airbus-style industrial conglomerate dedicated to fostering innovation and growth in the metaverse is the EU’s best bet to compete with the U.S., China, and other global sector leaders, and potentially exploit Europe’s current technological and economic potential.

Airbus is a multinational conglomerate that was formed when a trio of French, German, and Spanish aerospace companies merged in 2000. Since 2019, it’s been the world’s leading manufacturer of both airliners and helicopters.

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This 360 treadmill could make Disney’s metaverse a physical playground

April 27, 2024 Coin Telegraph

Coin Telegraph

YouTuber and Ultimate star MKBHD tested the device using a game controller, his legs, and the Force.

The Imagineers at Disney have come up with what may be the killer app for metaverse hardware, a 360-degree treadmill controllable via remote control, physical movement, or gesture.

U.S. YouTuber and 2022 Ultimate champion Marques Brownlee, professionally known as MKBHD, was the first non-Disney employee to test the prototype device.

The Holotile, as the device is called, resembles a thick plastic mat made up of hundreds of little spinning pieces arranged in a seemingly random geometric pattern. It uses tilted, spinning discs to essentially create a floor that moves in every direction.

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EU touts health benefits for children in the metaverse despite risks

April 26, 2024 Coin Telegraph

Augmented Reality

The European Union’s in-house think tanks says the metaverse can help children heal from diseases.

The European Parliamentary Research Service (EPRS), a government think tank for the European Union, recently published a letter discussing the opportunities and challenges for children in the metaverse.

According to the post’s author, EPRS policy analyst Maria Niestadt, the metaverse can “boost children’s creativity and motivation to learn and even help them heal from diseases” and enable cultural and social experiences they may not otherwise be able to experience.

However, there are numerous challenges that the EU must face, according to the EPRS, including protecting children from adverse mental and physical outcomes related to the use of virtual, augmented, and/or mixed reality headsets as well as security and privacy issues.

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Meta’s letting Xbox, Lenovo, and Asus build new Quest metaverse hardware

April 25, 2024 Coin Telegraph

Augmented Reality

Each company has its own special plans for the Quest mixed-reality device.

Meta recently announced that it would “open” the operating system that powers its Quest line of mixed-reality devices for third-party hardware and software development.

The change comes with a new name, “Meta Horizon OS,” and a rebranding of the Quest Store to the “Meta Horizon Store.” It also brings a trio of high-profile partners in Asus, Lenovo, and Microsoft’s Xbox brand.

According to a blog post from Meta, each of the partners will work with Meta to develop their own mixed/virtual reality devices.

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Meta Faces Tough Market Response as AI Investments Surge and Metaverse Losses Continue

April 25, 2024 Bitcoin.com

Artificial intelligence (AI)

Meta’s shares dropped 15% in after-hours trading following announcements in April of plans for significant investment in AI, alongside a weaker revenue outlook and continued losses in its metaverse division, Reality Labs. The company anticipates its expenses will soar to between $96 billion and $99 billion for the fiscal year, attributing the increase to higher […]

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Meta drops 15% on weak outlook and high AI and metaverse spending

April 24, 2024 Coin Telegraph

Meta shares dipped after a disappointing Q2 revenue outlook and plans to spend nearly $100 billion this year as it aims to “invest aggressively” in its AI products.

Meta (META) shares dropped 15% in after-hours trading after the firm said it will “aggressively” ramp up spending in artificial intelligence while its metaverse division will continue to run at a loss — amid a weak revenue outlook.

The giant said in its April 24 first quarter 2024 results it expected expenses to rise to a range between $96 billion to $99 billion — up from $94 billion to $99 billion due to “higher infrastructure and legal costs.”

It also bumped full-year 2024 capital expenditures to a top end of $40 billion from its prior $37 billion as it would “invest aggressively to support our ambitious AI research and product development.”

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Manchester City to release digital collectibles through multi-year partnership with Quidd

April 24, 2024 Coin Telegraph

Coin Telegraph

The collectibles will include “money can’t buy” experiences such as pitch-side seats for exclusive team training events.

The Premier League’s Manchester City Football Club has entered into a multi-year partnership with Animoca Brands subsidiary Quidd to develop and launch digital collectibles alongside new promotions and fan experiences.

Quidd will create and launch “special edition” digital collectibles including cards that will unlock real-world experiences.

Tom Boyle, Vice-President, Global Partnerships Marketing and Operations at City Football Group announced the partnership in a blog post adding:

Metaverse

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