KEY POINTS India inaugurates its first Metaverse Experience Center (MEC) in Noida. MEC, led by Metaverse911, serves as a hub for enthusiasts and industry leaders to explore VR, AR, MR, and digital twin technologies. The establishment of MEC aligns with India’s ongoing initiatives in digital innovation, including programs to prepare youth for Web3 technology. India is on the brink of a new frontier with the inauguration of the country’s first Metaverse Experience Center (MEC) in Noida. Led by the Metaverse911 team, MEC aims to serve as a central hub for enthusiasts, creators, and inn ..read more

KEY POINTS Meta unveils plans to launch a new VR product tailored for educational use, aiming to equip teachers with tools for immersive learning experiences. Nick Clegg, Meta’s President of Global Affairs, highlights the growing role of the metaverse in education, citing examples of universities utilizing VR for teaching purposes. Meta’s move into education reflects the promising future of VR technology in classrooms, with the market projected to reach $2.5 billion by year-end. Tech giant Meta is extending its reach into the education sector, with plans to introduce a new product t ..read more

KEY POINTS NASA incorporates virtual reality technology, as showcased by astronauts Raja Chari and Nicole Mann. With VR headsets like HTC’s VIVE, NASA astronauts immerse themselves in training scenarios, offering a three-dimensional experience that enhances preparation for deep-space missions. The growing adoption of VR technology, exemplified by NASA’s use, underscores its transformative potential across industries, with market projections estimating a $25 billion industry by 2023. NASA is using virtual reality (VR) headsets to design its space station Gateway, which will orbit aro ..read more

KEY POINTS The Virtual Society Foundation (VSF), led by startup Improbable, introduces “Somnia,” a blockchain solution aimed at connecting various metaverses. Somnia addresses metaverse fragmentation, allowing seamless user transitions between experiences while retaining avatars and assets. Early prototypes demonstrate Somnia’s efficiency and scalability, crucial for accommodating millions of users worldwide in a unified metaverse. The Virtual Society Foundation (VSF), a project led by startup Improbable, has introduced “Somnia,” an L1 blockchain and suite of omnichain protocols des ..read more

KEY POINTS The U.S. augmented and virtual reality headset market is projected to surpass $25 billion by 2033, driven by investments and technological advancements. Various sectors, including education, healthcare, entertainment, and retail, are embracing AR and VR technologies for enhanced experiences and operational efficiency. Despite challenges like motion sickness and performance issues, ongoing investments and innovation are propelling the AR/VR trend toward a promising future. A recent report by ResearchAndMarkets has shed light on the trajectory of the augmented and virtual r ..read more

KEY POINTS “Carrieverse,” Korea’s leading metaverse, surpasses 100,000 daily active users within three days of global launch. The platform experiences significant success in Thailand, the Philippines, and other regions, ranking high in casual game sales and achieving Top 100 Casual ranks in 86 countries. Carrieverse integrates blockchain technology, offering users a family-oriented metaverse experience with opportunities for earning utility tokens In just three days following its global launch, Korea’s leading metaverse, “Carrieverse,” has already achieved a relevant milestone, boas ..read more

KEY POINTS Vitalik Buterin challenges the prevailing perception of the metaverse at BUIDL Asia, emphasizing the need for a broader understanding beyond virtual reality. Buterin suggests integrating cryptocurrency, artificial intelligence, and decentralized elements to fully realize the potential of the metaverse. Meanwhile, significant investments are driving the metaverse market, projected to reach $669.96 billion by 2029. Vitalik Buterin, the founder of Ethereum, believes that the concept of the metaverse is currently misunderstood and lacks proper integration. Speaking at BUIDL A ..read more

KEY POINTS Queen Mary University’s report, commissioned by the UK IPO, offers an in-depth analysis of intellectual property concerns arising within the metaverse. The report highlights legal challenges surrounding copyright protection, enforcement mechanisms, and brand rights within virtual environments. The findings underscore the need for innovative legal frameworks to safeguard intellectual property in virtual spaces. The Queen Mary Intellectual Property Research Institute (QMIPRI), a globally recognized institution specializing in intellectual property and affiliated with the Qu ..read more

KEY POINTS ArabiaWeather partners with Beyond Universe to enter the metaverse. The collaboration aims to explore the growing intersection of technology and weather forecasting, exploring new avenues for delivering meteorological information. The initiative aligns with UAE’s push for Web3 technologies. ArabiaWeather, the largest weather and meteorological consulting firm in the United Arab Emirates, has inked a memorandum of understanding (MoU) with Beyond Universe to venture into the metaverse. As per a recent press release, the collaborative effort aims to leverage the respective s ..read more

KEY POINTS Gucci introduces immersive VR experience on Apple Vision Pro headsets. Short film “Who is Sabato De Sarno? A Gucci Story” to be narrated by Paul Mescal. Debuting April 3 via the Gucci App, offering insights into the Gucci Ancora show and Sabato De Sarno’s vision. Gucci continues its foray into the metaverse, announcing its latest venture set to debut on Apple Vision Pro virtual reality (VR) headsets. As per an X (Twitter) post, Gucci will present an immersive rendition of “Who is Sabato De Sarno? A Gucci Story” on the headset. Directed by Ariel Schulman and Henry Joost, a ..read more