Jawad Ashraf, CEO Terra Virtua, explains why NFTs are vital to the metaverse. At Terra Virtua, we use virtual reality (VR) to immerse our users in personalised virtual 3D showrooms, art galleries, and “Fan Caves”, where they can collect and interact with digital collectables – and we’re also building our own metaverse, the Terraverse. These […]
Robert Nash, Founder of 4 Roads, explains what the metaverse can learn from Web 1.0. The World Wide Web opened up a treasure trove of opportunities for businesses and consumers. Just think of the dot-com boom. It had a huge economic, business, social and cultural impact. Some experts are anticipating similar results from Mark Zuckerberg’s […]
According to MetaMetric Solutions, real estate sales on the four major metaverse platforms hit $501 million in 2021 while sales in January 2022 topped $85 million. At this pace, MetaMetric Solutions projects that sales could reach almost $1 billion this year. The recent surge in sales was sparked by Facebook’s October announcement that it was […]
In a blog post, Zuckerberg said that the metaverse, a concept that combines the physical world with the digital world via virtual and augmented reality, requires “enormous” computing power. Meta’s AI supercomputer, nicknamed the “AI Research SuperCluster” (RSC), is already the fifth fastest in the world, according to the company. Meta researchers have said they […]
When The Matrix was released in 1999, cinema audiences were blown away by the spectacular visual effects. The idea of being able to enter a virtual world left fans with many philosophical questions regarding the nature of truth and of the possibility of not knowing that you were inside a computer-simulated reality. Two decades later […]
The billionaire business magnate shared his thoughts on the metaverse in a year-in-review post published on his personal website. “Within the next two or three years, I predict most virtual meetings will move from 2D camera image grids—which I call the Hollywood Squares model, although I know that probably dates me—to the metaverse, a 3D […]
Ark Invest, which was founded by millionaire investor Cathie Wood in 2014, bought 197,259 shares in the Meta stock. The shares are estimated to be worth $63.83 million. On Friday, shares of the company closed 2.1% higher at $323.57 per share, with Meta set to change its stock ticker from FB to MVRS from December […]
The company said the new name would better encompass what it does as it expands its reach beyond social media and focuses on areas such as virtual reality (VR). While the name change will not apply to the company’s individual platforms, such as Facebook, WhatsApp, and Instagram, the rebrand has nonetheless prompted backlash. The move […]
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