Metaverse

Unstoppable Women of Web3 Leads Initiative to Provide Web3 and Metaverse Education for 6 Million African Women

March 8, 2023 10 mins read

San Francisco, California, 8th March, 2023 Unstoppable Women of Web3 Leads Initiative to Provide Web3 and Metaverse Education for 6 Million African Women The initiative will consist of free digital identities, educational streams, online courses, in-person networking, and more to bring more women in Africa into Web3 and the metaverse To celebrate International Women’s Day, Unstoppable Women of Web3 (Unstoppable WoW3), a diversity and education group on a mission to equalize the

European Commission Takes Steps to Ensure Fair Competition in the Metaverse

March 8, 2023 1 min read

As technology continues to evolve at an unprecedented rate, regulators are struggling to keep up. Margrethe Vestager, the executive vice president of the European Commission for a Europe fit for the digital age, and commissioner for competition since 2014, has urged businesses and lawmakers to consider the implications of emerging technologies like the metaverse and ChatGPT. Speaking at the Keystone Conference, Vestager emphasized how the shift to a digital economy

TRON Takes the Lead in Developing the Digital Identification Program for Dominica Metaverse

March 6, 2023 2 mins read

Roseau, Dominica, 6th March, 2023 RON is excited to announce its latest partnership with the Commonwealth of Dominica to usher in a new era of Web 3.0. TRON will be developing the first Caribbean digital identity initiative, which includes the establishment of the Dominica Metaverse, as well as the operation of the Dominica Digital Identity (DDID) and Dominica Coin (DMC) programs.     As a pioneer in Metaverse innovation, this partnership

Multiversx Labs Launches Xportal, the First Super App to Reimagine Digital Finance, AI Avatars, Chat, Opening WEB3 and Metaverse Experiences to Everyone

March 3, 2023 2 mins read

Sibiu, Romania, 1st March, 2023 Leading technology company MultiversX Labs announces a pivotal moment in the evolution of digital finance and the Metaverse: the launch of the xPortal Super App, offering a new perspective in the way we experience the digital world. The novelty of the xPortal Super App is in offering, for the first time, a suite of incredible features, designed to seamlessly integrate digital finance, money and crypto,

Colombian Lawmakers Conduct Virtual Court Hearing Using Meta’s VR Tech

February 24, 2023 1 min read

Colombian lawmakers recently held a two-hour court hearing using virtual reality technology provided by Meta, the parent company of Facebook. The meeting, which was streamed live on YouTube, marked the first full virtual hearing held by Colombian lawmakers and was reportedly successful. Lawyers donned virtual headsets and participated in the meeting as computer-generated avatars, using Meta’s Horizon Workrooms. While some viewers felt that using virtual avatars took away from the

Sensorium Galaxy Enters Public Playtest and Lays Out Global Metaverse Vision

February 22, 2023 4 mins read

Zug, Switzerland, 21st February, 2023 Sensorium is announcing that the Sensorium Galaxy metaverse has entered its much-awaited VR multiplayer public playtest as it opens up access to more virtual reality and content features inside virtual worlds, while also laying out a new metaverse doctrine.  Delivering on its promise to develop a full-fledged metaverse with unparalleled entertainment offerings, Sensorium is unveiling PRISM, a virtual world dedicated to music, as the first destination to

Tencent cuts back on metaverse hardware plans

February 17, 2023 1 min read

In a recent Reuters report, it was revealed that Tencent has become the latest tech giant to scale back its plans for the metaverse as it steps back from creating virtual reality hardware. The company has also implemented headcount and cost cuts in its metaverse unit. Tencent had previously planned to build software and hardware for the nascent industry, but has now decided to reduce the size of the unit,

Paris Hilton Brings Romance to the Metaverse with ‘Parisland’ in The Sandbox

February 10, 2023 1 min read

Paris Hilton is taking her ventures to the virtual world with the launch of “Parisland,” a gamified dating experience in the metaverse of The Sandbox. This imaginative reality show will allow players to enter the metaverse beginning February 13 and interact with five other players, complete exciting quests, and ultimately choose a partner. In a statement, Sandbox Co-Founder and COO Sebastien Borget expressed that the design of Parisland was aimed

Saudi Arabia Invests in The Sandbox’s Metaverse Vision

February 8, 2023 1 min read

The metaverse’s development continues to be a hot topic in the Middle East region, as evidenced by the recent LEAP conference in Riyadh, Saudi Arabia. The conference provided a platform for key players in the industry to discuss and explore new opportunities in the field. The highlight of the conference was the partnership ceremony between The Sandbox and the Saudi Arabia Digital Government Authority (DGA). The two organizations signed a

Interpol Prepares to Take Action Against Metaverse Infractions

February 6, 2023 1 min read

Interpol is taking steps to ensure that metaverse crimes do not go unpunished. The organization has launched its own metaverse and created a dedicated unit to fight crypto crimes. However, Interpol is facing issues with defining what constitutes a metaverse crime, as well as raising awareness about potential crimes. Interpol Secretary General Jurgen Stock believes that “sophisticated and professional” criminals are taking advantage of new technologies to commit crimes, and

Meta’s Reality Labs Division Reports Wider Loss of $13.7 Billion in 2022

February 2, 2023 1 min read

Meta Platforms, formerly known as Facebook, has reported losses in its Reality Labs division, which develops virtual reality (VR) technologies. Despite the losses, the company plans to continue investing in the sector as it sees significant long-term opportunities. Reality Labs reported a loss of $13.7 billion in 2022 compared to $10.2 billion in 2021. The CEO, Mark Zuckerberg, said the company will launch its next-generation VR headset which will feature

China’s Suzhou City Stakes Its Claim as a Metaverse Hub

February 2, 2023 1 min read

Suzhou, a city in China’s Jiangsu Province has announced a plan to become a hub for metaverse development and innovation by attracting over 200 companies in the VR tech industry by 2025. The city will focus on 30 areas, including healthcare, tourism, education, and city administration, and aims for metaverse-related industries to be worth 200 billion yuan (US$29.77 billion) by 2025. However, it faces competition from other cities in China