The European Commission has laid out its plans for becoming a “world leader” in Web 4.0 and the Metaverse. The European Commission has tipped “extended reality” — technology that enables people to interact with virtual worlds — to create as many as 860,000 jobs in Europe by 2025. Extended reality or XR is an umbrella…
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The tech giant finally dropped details of its new pricey mixed-reality headset during the Worldwide Developers Conference, though it made no mention of the word “metaverse.” Apple’s newly revealed mixed-reality headset, the Apple Vision Pro, has both turned tech-enthusiast heads and raised eyebrows after its unveiling at the WWDC on June 5. There was however,…
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Popular metaverse properties, such as Otherdeeds, The Sandbox, Decentraland, Somnium and Voxels, have all depreciated in value over the past year. Prices of virtual lands on some of the top metaverses have declined significantly from their peak prices of 2022, with most depreciating around 90% in value. A study published by CoinGecko shows that popular…
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Metaverse tokens surged earlier this year amid rumors about Apple’s new virtual reality headset, will this time be different? Apple is scheduled to release its highly-anticipated mixed-reality headset in the coming weeks, a development that some believe could breathe fresh life into the metaverse industry. In January, the native tokens of blockchain-based metaverse projects Decentraland…
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Zuckerberg expects Reality Labs operating losses to increase year-over-year in 2023. Meta suffered a nearly $4 billion loss from its metaverse unit with Reality Labs in what was otherwise a solid first quarter for the Mark Zuckerberg-led social media empire which posted a final profit of $5.7 billion. While the $4 billion loss follows a…
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At NFT.NYC 2023, Cointelegraph’s team learned firsthand how nonfungible tokens are shaping the digital world of tomorrow. From tokenizing investment assets to game avatars, nonfungible tokens (NFTs) have an array of applications that go beyond digital art, with more projects coming online despite the market downturn in 2022. At the NFT.NYC 2023 conference, Cointelegraph’s team…
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While digital events and spaces have become increasingly common over the last few years, is digital reality the right place for all types of gatherings, such as court proceedings? It’s no secret that over the last few years, many physical events have digital iterations or have been wholly digitized into virtual reality. Recently, in Colombia, a local…
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The manuscript is part of a larger series of physical and digital items related to the famous book. The original manuscript of Neil Stephenson’s Snow Crash, the book that coined the term “metaverse,” will be auctioned by Sotheby’s, according to a page on its official website. The auction is part of a Feb. 23 series called…
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Apple’s rumored VR headset launch appeared to fuel a sharp rally in metaverse tokens, but data suggests that the momentum is unsustainable. The metaverse hype that began in 2021 dissolved almost entirely by the end of 2022 as the top projects in the space, Decentraland and The Sandbox, lost 95% of their market capitalization. The…
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Donald Trump’s NFT collection started strong but looked lifeless until a few days ago. Trump NFTs daily sales surge by 800% Former United States President Donald Trump’s nonfungible token (NFT) trading card collection has recently witnessed a massive resurgence in daily sales volume. Compared to Jan. 17 sales volumes, Jan. 18 and 19 saw spikes…
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