Tag Archives: Virtual Reality & Augmented Reality News

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...

Diesel’s entry into the Meta Avatar Store aligns with the brand’s previous forays into the metaverse and its ventures into the world of NFTs. Diesel, the iconic Gen-Z fashion brand known for its edgy style, is stepping into the metaverse with a bang. In collaboration with digital fashion house DressX, the company is launching an exclusive collection on the Meta Avatars Store, adding its name to the roster of luxury brands available in the store. Meta Avatars Store is an online designer...

Within the funding round, Animoca Brands issued Simple Agreements for Future Equity (SAFEs) priced at A$4.50 each and offered a free-attaching utility token warrant on a 1:1 dollar basis to the participants.  Hong Kong-based game software company Animoca Brands Corporation Ltd has raised as much as $20 million (approximately A$31.3 million) in a funding round led by CMCC Global, one of Asia’s first venture capital investors focused solely on blockchain technology. Animoca Brands is...

With the introduction of the Sorare App’s AR functionality, fans can now take their virtual football experience beyond the screen and into their everyday lives. Web3 fantasy sports platform Sorare has announced the launch of its 3D digital football player cards with built-in Augmented Reality (AR) features. This bold move aims to revolutionize the way fans interact with their favorite football players and take fantasy sports to a whole new level. Sorare Unveils a New Era of Fantasy Sports...

Kim is advocating for a shift in strategy, proposing immediate taxation of all forms of income and assets within the metaverse. Christine Kim, a legal scholar and professor of law, in a recently published research paper has expressed concern about the possibility of tax evasion in the metaverse and has urged the relevant authorities to put in place the necessary structures. She claims that the digital space has the potential to become a tax haven, allowing people to avoid their tax...

CoinspeakerSingapore’s Biggest Bank DBS Launches Metaverse ‘BetterWorld’ Concept to Reduce Food Waste The 'BetterWorld' gamified experience will be accessible to the public once the Sandbox’s Alpha Season 4 is launched before the end of 2023. Singapore’s Biggest Bank DBS Launches Metaverse ‘BetterWorld’ Concept to Reduce Food Waste

CoinspeakerBlackpink Invites Fans to Their Virtual Palace on Roblox According to the announcement, the palace will be open for exploration from August 25. Blackpink Invites Fans to Their Virtual Palace on Roblox

CoinspeakerJohn Lewis Enters £100M AI and ML Partnership with Google Cloud The John Lewis Partnership will now use artificial intelligence supported by Google Cloud to provide customers with new and improved services. John Lewis Enters £100M AI and ML Partnership with Google Cloud

CoinspeakerApple Expands Retail Reach in China with Official Store Opening on WeChat  While the Chinese smartphone market experienced a 5% decline in sales during the first quarter of 2023, Apple's iPhone sales demonstrated resilience, growing by 6% year-on-year during the same period. Apple Expands Retail Reach in China with Official Store Opening on WeChat 

CoinspeakerLeaked Metaverse Strategy of European Union Includes Regulatory Sandbox & Governance Structure The European Commission said that it seeks to explore the potential of digital cooperation models, which includes the decentralized autonomous organizations (DAOs) underpinning different financial applications. Leaked Metaverse Strategy of European Union Includes Regulatory Sandbox & Governance Structure