Metaverse
Meta Avatars Finally Get Legs on Quest
Meta released a Quest software update via its public test channel (PTC), which lets users opt-in to try new features before they're pushed out to everyone. Among the v57 PTC update is a feature that's been notably missing from...
Meta Reaffirms Commitment to Metaverse Vision, Has No Plans to Slow Billions in Reality Labs Investments
Meta announced its latest quarterly results, revealing that the company's Reality Labs metaverse division is again reporting a loss of nearly $4 billion. The bright side? Meta's still investing billions into XR, and it's not showing any signs of stopping.
Meta...
Report: Meta to Open ‘Horizon Worlds’ to Younger Teens Amid Renewed Retention Push
Meta's social VR app for Quest, Horizon Worlds, is lagging behind the competition when it comes to attracting and retaining VR users. According to a leaked memo obtained by The Wall Street Journal, the company is now ostensibly looking to...
Meta’s First Step Toward a Proper Metaverse: Avatars That Can “travel between” Two Platforms
Meta says it plans to connect Horizon Worlds and Crayta in 'meaningful ways' which will bring the first inkling of cross-platform interoperability to the company's metaverse plans.
Meta may be all in on the metaverse, but to date hasn't done...
NVIDIA Explains Why it Believes a Pixar-invented Protocol is the “HTML of the metaverse”
NVIDIA, one of the tech sector's power players, is pushing the Universal Scene Description protocol as the foundation of interoperable content and experiences in the metaverse. In a recent post the company explains why it believes the protocol, originally...
Meta Planning Web-based Version of ‘Horizon Worlds’ With Lower Creator Fees Than Its VR Platform
Meta announced earlier this week it would eventually allow creators to sell items on its social VR platform, Horizon Worlds, adding that the company would take around 50% of revenue as its cut. Meta CTO Andrew Bosworth now says however Horizon...
Genies Secures $150M Series C to Expand Development on Metaverse Avatars
Genies, a 3D avatar company, announced it's raised a $150 million Series C investment, something it says will be used to hire more engineering talent and continue development on its non-fungible token (NFT) based "avatar universe."
The round was led by...
Meta Plans to Take Nearly 50% of Creator’s Earnings in ‘Horizon Worlds’
This week Meta announced that it was beginning to test selling tools so that creators can sell things inside of Horizon Worlds and earn real money. Now the company has offered up more detail about how that will work, including the...
Meta Begins Testing Selling Tools in ‘Horizon Worlds’ With the Long Term Goal of Enabling People...
Meta announced today it is enabling new in-world monetization tools for a "handful" of creators in Horizon Worlds. The tools will allow them to sell access to items and experiences inside of the app. Eventually, Meta says, it hopes...
