A Metaverse Comeback? Zuckerberg Touts Meta’s VR/AR Headset Lead Over Apple
BeInCrypto » Metaverse News
by Kyle Baird
1M ago
Meta’s CEO Mark Zuckerberg has recently put a spotlight on the Meta Quest 3, posing it as a formidable rival to Apple’s Vision Pro. This development hints at a renewed vigor in the metaverse space, previously overshadowed by the explosive growth of artificial intelligence and other tech phenomena. Highlighting the features of Meta Quest 3, Zuckerberg pointed out its cost-effectiveness, being “7x less expensive” than Vision Pro. He stated that this makes it a more accessible option for consumers diving into mixed reality than Apple’s latest offering. Zuckerberg Claims Meta Dominance Over Apple ..read more
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Why the Metaverse Is About to Make a Comeback
BeInCrypto » Metaverse News
by Bary Rahma
1M ago
The metaverse, a term that conjures images of boundless digital landscapes and immersive virtual experiences, stands at the threshold of becoming a mainstream reality. Many have aimed to dismantle barriers to create an environment where anyone can step into the metaverse with ease. Yet, its journey from a niche fascination to a global platform accessible to all has encountered significant obstacles. Lowering Entry Barriers With a Vibrant Community The metaverse’s initial promise captivated imaginations worldwide, offering a digital frontier with endless possibilities. However, achieving mass a ..read more
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No, The Metaverse Isn’t Dead, Says Industry Expert
BeInCrypto » Metaverse News
by Bary Rahma
1M ago
The metaverse concept has emerged as a beacon of innovation, yet it is frequently misunderstood and prematurely eulogized. Contrary to the swirling rumors of its demise, the metaverse stands robust, pulsating with potential and promise. When examined through the lens of global engagement and the evolution of digital property rights, the metaverse appears to be gaining momentum. The Metaverse Is Slowly Thriving Yat Siu, Co-Founder at Animoca Brands, provided BeInCrypto with invaluable insights into why the metaverse is surviving and thriving. According to Siu, the metaverse transcends virtual e ..read more
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Meta’s Reality Labs Faces $4.65B Quarterly Loss as Apple Vision Pro Hits the Shelves
BeInCrypto » Metaverse News
by Kyle Baird
1M ago
Meta’s ambitious journey into the metaverse, spearheaded by its Reality Labs division, is no stranger to financial challenges. The tech giant, formerly known as Facebook, reported a massive $4.65 billion loss for its Reality Labs in the fourth quarter. Despite these setbacks, Meta remains steadfast in its commitment to developing augmented and virtual reality technologies, a cornerstone of what CEO Mark Zuckerberg has heralded as the “next frontier.” Meta’s Reality Labs Continues to Take Licks In Q3 2023, Reality Labs slightly pivoted its approach to showcase the immediate practicality of virt ..read more
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Metaverse Platforms on Notice After UK Online Child Protection Safety Bill Passes
BeInCrypto » Metaverse News
by BeInCrypto Team
6M ago
The UK’s Online Safety Bill, now on the brink of becoming law, is set to cast a stern gaze on metaverse platforms. This landmark legislation, lauded as the most potent child protection law in a generation, is designed to ensure the online safety of children. Metaverse platforms will face rigorous scrutiny, with stringent penalties for non-compliance, particularly concerning illegal content. Metaverse Platforms — ‘What’s Illegal Offline is Illegal Online’ The Bill mandates swift action on illicit content, making social media platforms accountable for the material they host. Non-compliance could ..read more
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Meta’s Horizon Worlds Metaverse Extended to Android & iOS, But Can It Attract More Users?
BeInCrypto » Metaverse News
by BeInCrypto Team
6M ago
Meta, the tech giant formerly known as Facebook, is making a bold move to extend its Horizon Worlds metaverse beyond VR, starting with Super Rumble on Android and iOS. This initiative aims to make the metaverse accessible to everyone, regardless of their device.  Meta Horizon Worlds’ Push to Attract New Users “We believe there should be multiple entry points to the metaverse,” Meta announced. It added, “Whether you want to join your friends online, invite a friend who doesn’t have a headset, or share the fun, this flatscreen version of Worlds is a great way to keep the FOMO at bay.”  ..read more
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Animoca Brands Secures $20 Million for Metaverse Development Despite Mixed Sentiment
BeInCrypto » Metaverse News
by Kyle Baird
7M ago
Blockchain gaming studio Animoca Brands has secured a $20 million investment for its ‘Mocaverse’ project, demonstrating a strong conviction in the metaverse’s potential despite mixed sentiment across the industry. This news comes as tech giant Meta continues to hype its metaverse efforts despite significant losses from its Reality Labs division. Animoca Brands Secure a Fresh $20 Million for the ‘Mocaverse’ Animoca Brands’ recent fundraising success, as reported on its official website, showcases the firm’s commitment to pioneering the metaverse frontier. The $20 million investment will be chan ..read more
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Meta Ramps Up Metaverse Hype Ahead of Apple Vision Pro Launch
BeInCrypto » Metaverse News
by Bary Rahma
7M ago
The tech sphere is enthusiastic as Apple readies its ambitious Vision Pro launch. But amid the whispers of Apple’s newest product, Meta, formerly known as Facebook, seeks to remind the world about the existing reality and vast potential of the metaverse. Departing from its futuristic, sci-fi depictions, the tech giant recently unveiled a new campaign to emphasize the present-day applications of virtual reality (VR). Meta’s New Pitch: VR Is Now Meta’s recent ad campaign diverges significantly from its earlier futuristic depictions of the metaverse. Instead of presenting a distant sci-fi dream ..read more
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Harvard Scholar Urges Immediate Taxation of Metaverse
BeInCrypto » Metaverse News
by Ciaran Lyons
7M ago
A Harvard University scholar contends that the government should promptly impose taxes on income earned in the Metaverse, potentially benefiting government revenue.  Christine Kim declares that not taxing the Metaverse will lead to the formation of “a tax haven.” Metaverse Taxation Offers Unique Opportunity For Governments A recently published research paper by legal professor Christine Kim emphasizes that governments should instantly impose taxes on Metaverse income, prioritizing it over other income sources. However, Metaverse income is frequently received in cryptocurrency, which only ..read more
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Singapore’s DBS Uses Metaverse to Highlight Food Waste Issues
BeInCrypto » Metaverse News
by Harsh Notariya
7M ago
Singapore’s largest bank, DBS, has announced the launch of a metaverse game focusing on providing education about sustainability and food waste issues.   According to the Straits Times, the bank will launch BetterWorld, a metaverse game, on The Sandbox. With 20-25 minutes of playtime, the game will primarily focus on social challenges such as food waste. DBS Will Release BetterWorld by Year-End DBS BetterWorld will enable users to earn rewards in the virtual world that can be encashed through the bank’s application, PayLah.  DBS BetterWorld trailer on YouTube According to the I ..read more
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