metaverse Archives

Unverified: Meta Forecasts Substantial Revenue Growth and Increased User Base for Metaverse Business by 2024, Surpassing Initial Targets as a Major Turning Point.

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1 day ago
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According to insider information from Meta’s CTO, Andrew Bosworth, he revealed to employees in the Reality Labs division, responsible for overseeing the Metaverse, that sales in 2024 surpassed expectations by...

Closing the Meta Spark platform for brands to craft AR effects seamlessly while capturing photos within the app.

Posted byby
5 months ago
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Meta announces the closure of Spark AR services, allowing other companies to create AR effects for apps within the Meta ecosystem, effective January 14, 2024. Originating in 2017 as the...

Will VR ever become a reality or is Metaverse the new frontier dominating the conversation?

Posted byby
5 months ago
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During a time when everyone seems to be buzzing about the Metaverse (somewhat akin to how people discuss AI these days), one of the industries garnering significant hype is VR...

Rumors swirl as Meta slashes Reality Labs team budget by 20%, unveiling Quest 4 glasses in 2026 and Quest Pro 2 in 2027.

Posted byby
6 months ago
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The Information website cites sources from current and former employees of Meta Reality Labs, the department responsible for developing VR/AR glasses and the metaverse. It has been revealed that the...

Rumors Swirl as Meta Negotiates Acquisition of 5% Stake in EssilorLuxottica, the Ray-Ban Eyewear Manufacturer

Posted byby
7 months ago
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Reportedly, Meta has negotiated to acquire a 5% stake in EssilorLuxottica, a well-known producer of eyewear under various brands including Ray-Ban, with whom Meta is already a partner in producing...

Meta Unveils Meta Connect 2024 Event this September, Focusing on AI and Metaverse Technologies

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8 months ago
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Meta has announced the upcoming Meta Connect 2024 event on September 25-26, following last year’s unveiling of the Meta Quest 3 and Ray-Ban Meta Smart Glasses. In a Threads post,...

Unveiling a Metaverse Battle Royale Game with Ready Player One Elements

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11 months ago
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Readyverse Studios announces the release of OPEN, a AAA-level Metaverse Battle Royale game for PC and current-gen gaming consoles. Developed by Walker Labs, with a team that boasts experience working...

Facebook Celebrates Two Decades of Existence: A Retrospective Journey from Harvard’s Exclusive TimeLine to the Vast and Intricate Virtual Domain of Metaverse.

Posted byby
12 months ago
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Facebook recently celebrated its 20th anniversary, marking two decades since its humble beginnings as a student data organizing program called TheFacebook. The company has since transformed into Meta Platforms, aiming...

Meta Executive Believes Apple Vision Pro Will Unleash the Metaverse and Propel the Company into the Android Virtual Sphere

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1 year ago
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Meta Platforms, the parent company of Facebook, rebranded itself in 2021 to reflect its vision of becoming a Metaverse company. However, Reality Labs, the division responsible for the Metaverse, has...

Finally, Metaverse Adds Legs to Avatars in Beta Version, but Only Visible from a Third-Person Perspective

Posted byby maxmazo
1 year ago
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Meta has faced criticism in the Metaverse, including issues like graphic quality and avatars lacking lower bodies. However, they’ve now rolled out an update for Meta Quest headsets. This new...