02 Nov 2021

Microsoft Teams enters the metaverse race with 3D avatars and immersive meetings

Microsoft is entering the race to build a metaverse inside Teams, just days after Facebook rebranded to Meta in a push to build virtual spaces for both consumers and businesses. Microsoft is bringing Mesh, a collaborative platform for virtual experiences, directly into Microsoft Teams next year. It’s part of a

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01 Nov 2021

Sfermion Raises $100M NFT Fund as Facebook Stokes Metaverse Mania

Sfermion, an investment firm led by crypto podcaster and analyst Andrew Steinwold, says it has raised $100 million for a new fund focused on non-fungible tokens (NFTs), with contributions from Marc Andreessen and the Winklevoss twins. Steinwold told CoinDesk that the fund, dubbed simply “Fund II,” will focus in on the

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01 Nov 2021

Facebook’s Metaverse Is No Replacement for the Real World

Just call me an old man, a troglodyte, a Luddite, whatever. I have no interest in becoming part of a “metaverse.” That is the future Mark Zuckerberg’s troubled Facebook is aiming toward as it renames itself Meta. And what is this metaverse, you may ask? The New York Times explains: “Mr. Zuckerberg

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29 Oct 2021

The Metaverse Is Mark Zuckerberg’s Escape Hatch

When Mark Zuckerberg appeared onscreen at Facebook’s virtual Connect conference on Thursday, smiling as he wandered through sterile rooms filled with midcentury modern furniture, he looked like a man unburdened. Whistle-blower? What whistle-blower? Cascading, yearslong trust crisis that has regulators fuming, employees bailing and lawmakers comparing Facebook to Big Tobacco? Hmm,

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28 Oct 2021

Facebook expected to unveil name change, outline metaverse vision amid steady backlash

Facebook will outline its long-term vision for the metaverse on Thursday during its Reality Labs division’s Connect 2021 event. In addition, the tech giant is expected to unveil its highly anticipated name change. Chief executive officer Mark Zuckerberg emphasized on Facebook’s third-quarter earnings call Monday that the metaverse, a virtual-reality

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28 Oct 2021

Cryptocurrencies will be as useless in the metaverse as they are now

In case you hadn’t heard, the metaverse is coming. Maybe Facebook will build part of it. Maybe it’s already here, in the form of video games such as Fortnite, digital collectibles known as non-fungible tokens and even cryptocurrencies. Maybe there will be more than one metaverse; maybe there won’t ever

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26 Oct 2021

Facebook’s new business plan: Locate more young people in the metaverse

Mark Zuckerberg has a new remedy for what’s ailing Facebook: Ditch older users and refocus the company on serving Generation-Z while encouraging them to buy virtual items in the emerging “metaverse”. “We are retooling our teams to make serving our young adults our North Star rather than optimizing for the

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25 Oct 2021

Will Zuckerberg’s ‘metaverse’ change everything?

Facebook CEO Mark Zuckerberg has been making news lately by talking about the “metaverse.” Zuckerberg says it’s the future of Facebook — and the internet. He’s so committed to the idea that he intends to hire 10,000 Europeans to work on it, and even change the name of his company

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22 Oct 2021

What is the metaverse? Meaning explained

The concept of the metaverse is quickly becoming a buzzword in technology and business which is being embraced by Facebook. Metaverse is a broad term. It generally refers to shared virtual world environments which people can access via the internet. The term can refer to digital spaces which are made more lifelike

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21 Oct 2021

Improbable takes another crack at explaining the metaverse

Last month, Improbable added itself to the list of high-profile companies exploring the metaverse with a media briefing in which CEO Herman Narula resorted to some flowery language. “I think the metaverse is a return home,” Narula said. “It’s a return back to a world of useful and powerful ideas that

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