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Tag Archives: Virtual Reality & Augmented Reality News

Forbes Establishes Permanent Residence in The Sandbox Metaverse: Landmark Move in Virtual Economy

CoinspeakerForbes Establishes Permanent Residence in The Sandbox Metaverse: Landmark Move in Virtual Economy In addition to enhancing its brand visibility and audience engagement, the presence of Forbes in the Sandbox Metaverse is expected to open up new revenue streams. Forbes Establishes Permanent Residence in The Sandbox Metaverse: Landmark Move in Virtual Economy

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Keywords Studios Acquires SoftBank-Backed Improbable Unit for $97M

Keywords Studios said that the team, consisting of Andy Norman, Rocco Loscalzo, Vaughan O’Brien, and Roger Cheung, will continue to lead the business after the successful completion of the acquisition. Keywords Studios, an infrastructure solution provider for game and entertainment services, has acquired a unit of the SoftBank-backed metaverse platform Improbable for £79.5 million, approximately $97 million. In an official announcement on December 18, the company said it had purchased The...

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Google Cloud Makes Push into Metaverse by Partnering with MultiversX

Google Cloud has partnered with MultiversX to enhance their presence in the Web 3.0 space. This collaboration aims to streamline large-scale data-centric blockchain projects and enable developers to access critical data effectively. Google Cloud and blockchain infrastructure company MultiversX (formerly Elrond) have joined forces to enhance their presence in the Web 3.0 space. Google Cloud has integrated MultiversX into its platform, offering support for Web 3.0 projects. Thus, users will...

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Meta to Detail Investment in AR/VR and Metaverse Technologies at Connect Conference

Participants at the Meta Connect conference expect details of the company’s investment in the metaverse at the 2-day event. The CEO of Meta Platforms Inc (NASDAQ: META) is expected to provide information on the company’s investment in the long-awaited Meta metaverse development at the Meta Connect conference today and tomorrow. Participants at Meta Connect expect to hear details about Meta’s plan to attract investment in artificial intelligence powered by virtual reality (VR) and augmented...

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Walmart to Allow Customers Purchase Physical Items in Metaverse

Walmart has broadened the shopping experience for its customers in the metaverse as it merges purchases in the physical and virtual worlds. American multinational retail corporation Walmart Inc (NYSE: WMT) plans to expand its metaverse strategy by allowing its customers to buy physical versions of items available for virtual home purchases. Users can now purchase the items for their physical homes as they would for their virtual homes in House Flip, a game where players can renovate and...

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Baidu and Qualcomm Join Forces to Shape Metaverse Future

Qualcomm Global Senior Vice President Cheng Lixin expressed optimism about the partnership, emphasizing its potential to accelerate the development of China’s metaverse.  Chinese tech giant Baidu Inc (HKG: 9888) has announced a strategic partnership with Qualcomm Inc’s (NASDAQ: QCOM) local unit. This collaboration promises to propel the development of Extended Reality (XR) and Generative Artificial Intelligence (AI) to new heights. The partnership, revealed via a compelling social media...

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