Metaverse book gets boring rename in latest sign of waning enthusiasm

The growing malaise for metaverse hype is reminiscent of the AI sector directly before the launch of GPT-3.

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Meta reportedly cut metaverse budget by 20% as Q2 earnings call looms

Despite Q1 company earnings rising 27% year-over-year, Reality Labs will have to cut costs.

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Aptos Labs, NBCUniversal partner for Web3 fan experiences, gaming

More fun is in store for filmgoers like Free Renfield The Game and the Excorcist 3: Believer premiums.

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Tokenizing music catalogs: The next frontier for Web3 and music industry

At the Proof of Talk 2024 conference in Paris, Serio Mottola, CEO of Music Protocol, advocated for integrating blockchain technology into the already established billion-dollar music industry.

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Google and Magic Leap partner up to make metaverse goggles despite past flops

Its unclear why the two companies have partnered up, but the scheme comes amid Apples push to dominate the spatial computing market.

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Virtual coaches unite as The Voice enters the metaverse

The Voice debuts its first metaverse gamified experiences that let fans coach singers on virtual stages, win NFTs for their predictions for the real-time show and score exclusive experiences.

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More than half of the Fortune 100 uses Apples Vision Pro headset

Spatial computing in the industrial metaverse appears to be paying off for the company that Steve Jobs built.

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Perfect Corp. Enhances Digital Beauty with NVIDIA AI and AR Technologies

Perfect Corp. leverages NVIDIA TensorRT and NVENC to deliver personalized digital beauty experiences, transforming the industry with AI-driven innovations for virtual try-ons and styling recommendations. (Read More)

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The metaverse is coming straight to your web browser: Heres how

Layer-1 blockchain and metaverse protocol Somnia has launched the Metaverse Browser, aiming to make Web3 exploration and custom content creation more accessible and user-friendly.

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Religious leaders debate going to church in the metaverse

With the Pope sounding off on AI recently, the discourse surrounding religion and technology has heated up.

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EU touts health benefits for children in the metaverse despite risks

The European Unions in-house think tanks says the metaverse can help children heal from diseases.

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Meta Opens Up Horizon OS to Third-Party XR Headsets

Meta is collaborating with third-party hardware manufacturers to open up Meta Horizon OS, allowing devices to run the same system, apps, and games. This move aims to create a more open ecosystem, with leading tech companies like ASUS, Lenovo, and Xbox already partnering. (Read More)

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Meta to let Xbox, Lenovo, Asus build new Quest metaverse hardware

Each company has its own special plans for the Quest mixed-reality device.

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Burnout in Studies: Myth or Reality

Burnout, a condition characterized by emotional exhaustion, depersonalization, and a reduced sense of personal accomplishment, is a growing concern among students. The intense pressure to succeed, long hours of studying, and the rigorous demands of  school can contribute to burnout. However, some argue that burnout is a myth and that medical students are simply not […]

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What is simulation theory? The savage illusion of living in a computer simulation

Simulation theory is a fascinating concept that posits the idea that our reality and everything within it might be nothing more than an elaborate computer simulation. This thought-provoking hypothesis challenges our understanding of existence, blurring the lines between what is real and what might be an illusion. In this article, we will delve into the [...]

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Top metaverse property investments suffer massive losses: Report

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 metaverse properties, such as Otherdeeds, The Sandbox, Decentraland, Somnium and Voxels, have all depreciated in value during the period studied, from [...]

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Metaverse division’s $4B loss drags on positive first quarter for Meta

Zuckerberg expects Reality Labs operating losses to increase year-over-year in 2023.

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Meta Q2 earnings: Reality Labs losses top $7.7B year to date

Meta’s metaverse-related losses topped $3.74 billion over the second quarter with the Big Tech player spending $7.7 billion on its virtual reality business so far in 2023. Its second-quarter results released on July 26 saw Meta report an 11% revenue gain compared to the previous year, totaling $31.9 billion. Its metaverse-focused Reality Labs revenue topped $276 million. [...]

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Binance CEO Claims Chinese Communities Are ‘Buzzing’ After CCTV Airs Crypto Segment

On May 24, Binance CEO Changpeng Zhao, also known as CZ, shared through Twitter that “Chinese speaking communities are buzzing” following a news broadcast by state-operated media network China Central Television (CCTV) regarding Hong Kong’s latest cryptocurrency-focused regulatory policy. CCTV’s Coverage of Hong Kong’s Crypto Regulations Sparks Excitement, Says Binance CEO; Nanxin University Launches Metaverse

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NFT.NYC: Games and tokenization are driving NFT industry maturation

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 learned first-hand from experts, projects, companies, and the NFT community how the technology is shaping the digital [...]

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