A “mixed-reality world” by Apple could be fast approaching as recent job openings show the tech giant is hiring a number of engineers with AR and VR experience. Technology giant Apple appears to be working towards the development of a metaverse-sounding “3D mixed-reality world,” according to related patent filings and recent job postings. Since Nov.…
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Economic Daily, an economic newspaper run by the Chinese state, has published an article noting problems with investing in the metaverse. The article says that metaverse investments might not be suitable for all regions of the country, comparing the trend to the explosion of new green energies not long ago. Economic Daily Warns of Metaverse…
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The Bitcoin price plunged sharply and broke below a major support level of $21,000. Likewise, Ethereum also lost over 2% to complete a 61.8% Fibonacci correction at $1,566. After Beijing said it had no plans to change its zero COVID-19 policy, US stock futures, cryptocurrencies and commodities fell in Asia on Monday. However, resilient Asian markets helped mitigate the…
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The Chinese government has presented a plan of action regarding the inclusion of virtual reality (VR) and augmented reality (AR) in the lives of the Chinese people. The plan contemplates research of several technologies, including the development of an open metaverse platform for its citizens and research on odor simulation technology. Chinese Government Includes Odor…
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AR’s price shows much strength after breaking out from its long downtrend movement. AR trade with good volume, breaking out from a downtrend as price eyes a rally to a region of $27. AR’s price remains strong on the daily timeframes as the price trades above the 50 Exponential Moving Average (EMA) but faces resistance…
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Nokia, one of the first companies to manufacture a consumer-grade mobile phone system, now believes the metaverse will cause phones to become deprecated. These metaverse experiences will be powered by the use of virtual reality (VR) headsets and augmented reality glasses, and will allow users to interact in several activities. Industrial usage will also be…
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Diego Di Tommaso is the COO and Co-Founder of OVER, an open-source, AR platform powered by Ethereum Blockchain.__________ When the metaverse and Web3 are discussed, we hear a lot about virtual reality (VR). Augmented reality (AR) rarely comes up in conversation, and the two are often mistaken as synonymous among non-technical audiences. More importantly, the…
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Eric Schmidt, who was CEO of Google, has declared that there is confusion about the concept of the metaverse and what it means for people. Schmidt stated that, even with a company like the former Facebook pivoting its operations to occupy the metaverse market, there is still not a clear definition of the concept and…
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Meta, Microsoft, and 31 more companies have united to form an organization to promote the creation of open standards regarding metaverse tech. The institution, named the Metaverse Standards Forum, will focus on establishing standards to make each one of the metaverses on the internet interoperable, which would ideally permit these worlds to communicate.
The…
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John Riccitiello, CEO of Unity, one of the leading real-time 3D engine providers, has predicted that the internet will become part of the metaverse in the next several years. The executive predicted that most websites will become metaverse destinations and that this change will be mostly completed by the year 2030. However, legacy sites will…
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