Metaverse/page/2 news and trends

Meta to Shut Down Platform for Third-Party Augmented Reality Effects
Meta // August 27, 2024

Meta said Tuesday (Aug. 27) that it will shut down Meta Spark, its platform offering third-party tools and content, on Jan. 14. When the platform is shut down, the augmented reality (AR) effects built by third parties that it hosts will no longer be available,...

Report: Meta Ends Work on Premium Mixed-Reality Headset
Meta // August 23, 2024

Meta has reportedly ended its work on developing a premium mixed-reality headset after seeing Apple struggle to sell its own pricey offering in that category. After planning to add a new product to compete with Apple’s Vision Pro, Meta told employees at its Reality Labs...

This Week in Web3: Blockchain Looks to Create, Not Just Store, Real-World Value
Blockchain // August 14, 2024

Blockchain, at this point a significant industry, perpetually appears to be on the verge of mainstream acceptance. Its promise of delivering benefits such as easier access to financial products and services, improved resilience and security, and more competition and innovation remains an attractive one. And...

Metaverse Companies Struggle With Declining Values, Complexity
Metaverse // August 07, 2024

The metaverse may not be living up to the lofty promises that captured the attention of enthusiasts. The metaverse, an interconnected system of digital worlds built on blockchain technology and digital tokens, was envisioned as a new frontier for creativity and economic opportunity, but key...

Interviews & Exclusives
How the B2B Metaverse Opportunity Enables Tomorrow’s Industrial Economy

June 17, 2024
As innovative technologies become more commonplace, the opportunity to unlock value becomes more accessible. And with the news Friday (June 14) that industrial metaverse company DataMesh raised a new funding round to develop its enterprise metaverse platform, tapping into the potential that digital ecosystems offer is top of mind for forward-thinking firms, particularly those in […]

Walmart Exec Details Immersive Experiences in Digital ‘Realm’

May 29, 2024
Consumers increasingly want immersive eCommerce journeys, and Walmart is launching new digital shopping experiences to meet this demand. In an interview with PYMNTS following the retailer’s launch of gamified marketplace...

The 216 Million Reasons Why Mango, LensCrafters and Worldline Are Betting on the Metaverse

January 31, 2024
As technology advances, the metaverse is growing, offering immersive experiences, social connectivity, and economic opportunities.  Embracing the same sentiment, Spanish retailer Mango has entered the realm of Roblox, solidifying its...

Zuckerberg Sees Three AI Categories Driving Meta’s Growth 

July 27, 2023
Meta’s investments in tomorrow are running up tens of billions in losses today. But while the tech giant’s Reality Labs segment, responsible for the metaverse and other longshot bets, has...

Quick Reads
Meta to Shut Down Platform for Third-Party Augmented Reality Effects

August 27, 2024
Meta said Tuesday (Aug. 27) that it will shut down Meta Spark, its platform offering third-party tools and content, on Jan. 14. When the platform is shut down, the augmented reality (AR) effects built by third parties that it hosts will no longer be available, the company said in a Tuesday blog post. Meta’s own […]

Report: Meta Ends Work on Premium Mixed-Reality Headset

August 23, 2024
Meta has reportedly ended its work on developing a premium mixed-reality headset after seeing Apple struggle to sell its own pricey offering in that category. After planning to add a...

Metaverse Companies Struggle With Declining Values, Complexity

August 07, 2024
The metaverse may not be living up to the lofty promises that captured the attention of enthusiasts. The metaverse, an interconnected system of digital worlds built on blockchain technology and...

E.l.f. Begins Selling Physical Products Through Roblox Virtual Kiosk

July 01, 2024
Beauty brand e.l.f. has expanded its partnership with virtual world and gaming platform Roblox to include real-world commerce. In the new virtual kiosk within the e.l.f. Up! experience on Roblox,...