Meta announces a $50M creator fund for Horizon Worlds; CTO Andrew Bosworth reportedly told staff that 2025 is a make-or-break year for Meta's XR ambitions
they are making a long-term play. rather than put money into supporting VR for adults, productivity, etc. — they're investing in a generation that will have *grown up* with VR X: ...
In an internal memo, Andrew Bosworth says Meta's Reality Labs beat nearly all its sales and user targets for 2024, growing sales “>40% YoY overall”
He did NOT say Meta grew sales “>40% YoY” BTW. — He actually says “growing *RL sales* >40% YoY”. — I.E., VR/XR sales in stores. Which isn't impressive if (as likely) 2023 was ...
Meta debuts the $500 Quest 3, featuring a 30% higher resolution than the Quest 2, double the processing power, new lenses, a thinner design, and new controllers
- New mixed-reality headset to start at $500, a $200 increase — Apple to launch rival device, Vision Pro, early next year
The US Copyright Office denies protection for an AI-made image that won an art competition, despite Adobe Photoshop alterations and 624+ text prompt revisions
thus nothing could be granted to him. [image] @glynntarrant : It's good to see Jason is still struggling with trying to copyright this AI generated image. Also, since he was and st...
Mark Zuckerberg disputes the narrative that Meta is moving its focus away from a metaverse vision and sees AI tech working in tandem with the metaverse
Things are looking up for Meta. The company beat revenue expectations, reporting an increase in year-over-year revenue for the first time in three quarters.
South Korea's K-pop industry is embracing the metaverse, expanding on commonplace virtual counterparts for artists, including by creating the virtual band Mave
In the world's testing ground for tech, K-pop singers are being spun up out of pixels and doing battle in a virtual universe.
Sources: Apple indefinitely postpones its lightweight AR glasses due to technical difficulties and is instead planning a lower-cost MR headset for 2024 or 2025
Apple Inc. is still planning to unveil its first mixed-reality headset this year, but an even more important follow-up product …
Meta says the segment at Connect 2022 announcing the addition of legs to Horizon World avatars in 2023 “featured animations created from motion capture”
Parmy Olson of Bloomberg was not impressed with Meta's announcements at Connect 2022: James Troughton / TheGamer : Meta's Virtual Leg Update Was Actually Motion Capture Jonathan Va...
Meta adviser and ex-Oculus CTO John Carmack expresses heavy skepticism at pushing for avatar fidelity, focusing on the Quest Pro to drive VR adoption, and more
Meta says the segment at Connect 2022 announcing the addition of legs to Horizon World avatars in 2023 “featured animations created from motion capture”
A subsequent statement from Meta says ‘the segment featured animations created from motion capture’
The FTC files to block Meta's acquisition of VR company Within, saying Meta “chose to buy” instead of compete, the first antitrust lawsuit filed under Lina Khan
Welcome to BIG, a newsletter on the politics of monopoly power. Lauren Feiner / CNBC : Facebook lawsuit delivers on FTC chair Lina Khan's progressive agenda Josh Sisco / Politico :...
The FTC files to block Meta's acquisition of VR company Within, saying Meta “chose to buy” instead of compete, the first antitrust lawsuit filed under Lina Khan
Welcome to BIG, a newsletter on the politics of monopoly power. Lauren Feiner / CNBC : Facebook lawsuit delivers on FTC chair Lina Khan's progressive agenda Josh Sisco / Politico :...
Celebrities have been criticized for hyping crypto without highlighting the risks after this month's sell-off, as Crypto.com and FTX scale back on ad spending
Crypto boosters such as Matt Damon, Reese Witherspoon and Gwyneth Paltrow have been criticized for hyping virtual currency without highlighting the risks. Tweets: @katie_robertson ...
Meta's plan to take up to a 47.5% cut of each virtual transaction on Horizon Worlds draws criticism from NFT proponents; OpenSea takes a 2.5% cut
Meta, previously known as Facebook, is figuring out how to monetize the metaverse. … It's been nearly six months since the company formerly known …
Meta rolls out a test for some creators to sell virtual items and effects in Horizon Worlds, which will take a 25% cut of any sale after app store fees
Horizon Worlds will take a 25 percent cut of any sale after app store fees — Meta is testing new features to let creators …
Meta confirms the combined monthly user base for Horizon Worlds and Venues has grown to 300,000 people, up 10x since launching in December
That's a 10x increase in about three months. But can the growth continue? — Facebook has bet its future on virtual reality and the metaverse …
Meta confirms the combined monthly user base for Horizon Worlds and Venues has grown to 300,000 people, up 10x since launching in December
That's a 10x increase in about three months. But can the growth continue? — Facebook has bet its future on virtual reality and the metaverse …
Chainalysis: users spent nearly $41B on NFTs in 2021, with <$10K transactions accounting for more than 75% of the market; 32.4K wallets hold 80% of the value
Financial Times : Tweets: @carnage4life , @julianklymochko , @abatukaraali , @mshannahmurphy , and @slhamlet Tweets: Dare Obasanjo / @carnage4life : The unintuitive thing about th...
Metaverse products from Meta, Microsoft, and others are just 3D virtual social spaces, and lack key features of the metaverse concept, chiefly interoperability
theoretically interesting idea in search of a mass market use case. “I want to use my Elder Scrolls Online sword in Minecraft” is not anything actual gamers say & give actual game ...
Metaverse products from Meta, Microsoft, and others are just 3D virtual social spaces, and lack key features of the metaverse concept, chiefly interoperability
theoretically interesting idea in search of a mass market use case. “I want to use my Elder Scrolls Online sword in Minecraft” is not anything actual gamers say & give actual game ...