metaverse

You can now capture your real-world environment along with virtual elements thanks to Quest Pro’s first update.

There doesn’t seem to be any configuration needed for the feature. You can record MR video after installing the update by bringing up the Quick Action Bar on the headset, going to the Camera, and selecting “Record Video.”

To establish an Indian centre of excellence for research and development of Web3 and metaverse commerce use cases, Flipkart teamed with the Ethereum-based Blockchain platform Polygon.

The e-commerce platform created Flipkart Labs earlier this year to incubate various solutions to bring innovation to the nation’s e-commerce market.

The president of global affairs at Meta, Nick Clegg, said India will soon become a major player in the creation of the entirely new Metaverse computer platform.

“All of that requires the brilliance and ingenuity of the developers and the creative community here in India. So the economic benefits for India are enormous,” Clegg said.

Six pucks are worn around the user’s wrists, ankles, head, and hips for Sony’s innovative Mocopi system, which is used to animate avatars in various metaverse apps on Sony Android or iPhones.

The Mocopi kit, which costs $360 and will go on sale in Japan in January, expands the business’s forays into virtual and augmented reality.

The U.S. Federal Trade Commission said that Meta killed competition when it decided to purchase Within Unlimited Inc. rather than continue with plans to develop its own virtual reality fitness programme.

According to the FTC, the acquisition would prevent the IT giant from entering the market using in-house technology, depriving customers of the advantages of having more competitors.

The global metaverse market is anticipated to expand at a compound annual growth rate of 47.2% from USD 61.8 billion in 2022 to USD 426.9 billion by 2027.

Due to the presence of numerous AR device and solution companies, including PTC, Magic Leap, Microsoft, and Google, the Metaverse market in North America is competitive.

Bangalore City’s Metaverse “Luru” – an immersive virtual rendition of the city of Bengaluru – modelled on the streets, hubs, and hotspots that make the city unique will be unveiled.

The Metaverse launch covers a section of Bangalore’s vibrant Church Street with virtual stores, concert halls, public art and spaces, and even an auto-rickshaw to navigate various of the city.

The report estimates that the impact of the metaverse on GDP in Asia could be between $0.8 trillion and $1.4 trillion per year by 2035, roughly 1.3 to 2.4 per cent of overall GDP.

The report highlights digital payments, gaming and entertainment as the two key sectors where the metaverse would impact India.

On November 10th, The Nemesis inaugurated the first metaverse of the Czech car manufacturer which has officially entered the Web3 space.

In this amazing world, users can create custom avatars using ŠKODA skins while exploring eMobility and having fun with virtual test drives. The metaverse (www.thenemesis.io/@skodaverse) will be available and accessible from both desktop and mobile app.

Meta employees are taking aim at Mark Zuckerberg in employee reviews on Blind. Some 44 employee reviews of Meta were posted on Blind on Wednesday and Thursday this week.

“The Metaverse will be our slow death,” one user, who called themselves a senior software developer, posted on Wednesday. They added: “Mark Zuckerberg will single-handedly kill a company with the meta-verse.”

Omnihorse has set up jockey clubs connected to a physical, thoroughbred horse certified by the horseracing industry to bridge real-life horseracing with the Web3 world.

To join one of Omnihorse’s Private Jockey Clubs, users must first buy one of its NFTs at which point they gain access to an array of rewards

This is a first-of-its-kind partnership that will enable football fans from around the world to take part in a gamified Web3 metaverse experience.

The agreement will allow the Upland community together with football fans worldwide to collect FIFA digital assets which will include video highlights from the games.

Wow Bao, a leading fast-casual Asian concept, laid out its phased Web3 strategy, which will include an NFT-based extension of their Bao Bucks rewards program and the launch of metaverse vending machines.

Additionally, Wow Bao teased that they will be bringing their hot food vending machines, currently live in GA, FL, and Las Vegas, to the metaverse in 2023.

The future could see billions of people ditch the real world for a digital one, but experts warn the metaverse could be used to control the public. Governments can control what their people experience.

Brian Shuster, who has 17 years of experience with the metaverse, said that the dystopian version of the metaverse will happen if it is used to inflict public dominance.

MultiversX aims to expand its mission of building the new internet economy to include the digital meta-space frontier.

The metaverse-forward company introduces three new products as the pillars for its evolution –  A sovereign blockchain module and core blockchain applications named xFabric; a true Superapp xPortal; and world creation engine xWorlds.

Integrating AR, VR, and Extended Reality (XR), ZETA allows users to extend their reality with evolving utility. From retail to banking, entertainment to education, ZETA promises to be the go-to destination for all users’ day-to-day experiences.

With ZETA, ZoidPay is set to extend its open architecture for all businesses to create their own customized Metaverse.