metaverse

The mixed reality operating system that powers Meta Quest headsets can officially be used by third-party device makers, the company announced on Monday. Three major tech players — Asus, Lenovo…

Meta opens Quest OS to third-party headset makers, taps Lenovo and Xbox as partners

Earlier this year, Readyverse Studios — co-founded by blockchain tech company Futureverse and Ernest Cline, the mind behind the sci-fi franchise Ready Player One — announced “The Readyverse,” an interactive…

Ready Player One creator debuts ‘Open,’ a metaverse battle royale experience

Epic’s standalone survival crafting game saw its first update on Tuesday, smoothing out some of the new game’s rough edges and adding a flurry of quality of life improvements. We’ve…

Lego Fortnite’s first big update squashes bugs and adds a launch pad

When Meta rebranded from Facebook two years ago, the word “metaverse” went mainstream. Even people outside the tech world wondered if we would soon start to socialize via virtual reality…

Mark Zuckerberg went 33 minutes without saying ‘metaverse’ at his keynote

Welcome back to Found, where we get the stories behind the startups. On this week’s episode of Found, Becca and Dom are joined by Anurupa…

Bringing VR to IRL classrooms with Anurupa Ganguly of Prisms

Futureverse is making tools that brands can use to build content for the metaverse, but not the one that Meta is envisioning.

Deal Dive: Futureverse is a metaverse company that might actually get it

Is the tedium of videoconferencing getting you down? Fret not. You’ll be pleased to know that, if you’re a Teams users, avatars are now generally available for all Microsoft 365…

Microsoft brings avatars to Teams enterprise customers to spruce up meetings

Nexon, one of the biggest gaming companies in the world, is wading into web3 like some of its peers in Asia. The developer of MapleStory is creating a blockchain-powered ecosystem…

Nexon takes 20-year-old MapleStory into web3 with Haechi’s help

Welcome back to Chain Reaction. This week I’m writing the newsletter from the currently sunny and always beautiful city of Barcelona, Spain.

Developers are building out the blockchain ecosystem in Barcelona

The partnership will provide Alibaba’s clients with a launchpad that aims to help businesses launch their own metaverse spaces on Avalanche’s blockchain.

Alibaba Cloud, Avalanche partner to deploy metaverses on the blockchain

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. But this ray of light for…

Meta beats revenue expectations, remains committed to metaverse

Featured Article

I actually had fun at Fatboy Slim’s metaverse rave

I stood outside a 50s truck stop diner and gas station under a dark, dusky sky. A bright neon sign that said Norm’s Drive In illuminated the space. Behind a psychedelic school bus parked in the dirt lot, monstrous limbs with huge eyeballs, long lashes and smiley faces for irises…

I actually had fun at Fatboy Slim’s metaverse rave

Walt Disney Co. has eliminated its metaverse division as part of staff cuts that promise to reduce head count by around 7,000 across the company over the next two months,…

Disney cuts metaverse division as part of broader restructuring

Meta, the self-styled “metaverse company” formerly known as Facebook, has taken on a novel role de-hyping the virtual world technology its founder bet the farm on just a few short…

Metaverse is just VR, admits Meta, as it lobbies against ‘arbitrary’ network fee

The Federal Trade Commission slammed Epic Games with $245 million in fines this week, ordering the Fortnite developer to compensate consumers who made unwitting purchases in its digital store. The…

The FTC finalizes Epic’s $245 million settlement over sketchy Fortnite purchases

“Today, the way people transact has evolved,” newly appointed chief business officer (CBO) of Tilia Catherine Porter told me in an interview. “The rise of user-generated content (UGC) across gaming…

Metaverse payment platform Tilia gets strategic investment from J.P. Morgan

Featured Article

Inside the metaverse hype train at MWC 2023

Metaverse hype was hanging like a multicolored fog over the Mobile World Congress (MWC) connectivity trade show in Barcelona this week. Conference organizer, the GSMA’s, program pitched attendees into a smorgasbord of metaverse-themed discussions — most of which seemed designed to generate maximum FOMO, as a parade of tech evangelists…

Inside the metaverse hype train at MWC 2023

Hip-hop artist Saweetie is performing exclusively in Roblox for the NFL’s Super Bowl LVII pregame on February 10, the National Football League announced today. The virtual concert will take place…

Roblox to host a free virtual Super Bowl concert featuring Saweetie

Gemba, an enterprise-focused virtual reality (VR) training startup used by some of the world’s biggest companies, has raised $18 million in a Series A round of funding. Gemba designs and…

Gemba, a corporate VR training platform used by Coca-Cola and Pfizer,  raises $18M

Does the average person want to shop for apparel in virtual reality (VR)? Speaking for myself, it sounds rather cumbersome — having to plop on a headset to browse for,…

Emperia is helping brands like Bloomingdales build shopping experiences in VR

A number of consumer advocacy groups have a problem with Walmart’s entry into the metaverse. The online retailer last fall announced the launch of two new virtual worlds on Roblox,…

Consumer advocacy groups want Walmart’s Roblox game audited for ‘stealth marketing’ to kids

It appears that Roblox, a major player in the metaverse space, could be getting its moment to shine on Meta’s virtual reality headset. According to The Verge’s Command Line newsletter,…

Roblox may arrive on Meta Quest later this year

Not everyone believes that the metaverse — social, VR-centric worlds — has staying power. But MeetKai is among the steadfast optimists. Founded in 2018, the startup initially focused on conversational…

MeetKai launches new room-scanning tech and metaverse builder

The trials and tribulations that a giant company like Meta (née Facebook) has been facing in overcoming skepticism, creating user interest (let alone revenue) and building quality experiences for its…

CommonGround raises $25M for immersive video avatar technology that doesn’t rely on VR gear

Yahaha, a Helsinki- and Shanghai-based immersive, user-generated, low-code gaming platform founded by a group of Chinese gaming vets, made a splash in January when it announced a cumulative $50 million…

Yahaha raises $40M more for its user-generated, low-code immersive gaming platform

One of the big players in the “metaverse” space, gaming platform Roblox, saw its stock tumble by more than 15% in pre-market trading on Wednesday after reporting a wider-than-anticipated loss…

Roblox stock drops on widening losses in Q3, but other growth metrics remain strong

Meta’s body-blow layoff announcement will see the parent of Facebook, Instagram and WhatsApp making its first-ever major layoffs as a company, cutting 11,000 employees, 13% of its total; predictably investors…

Filing: Meta slashes expenses on reduced hiring and capex investments

New Zealand-based StretchSense, a maker of hand motion capture technology, believes virtual and augmented reality are going to replace the smartphone as the dominant way we interact with digital worlds…

StretchSense built an actually comfortable hand motion capture glove

Lauren now follows in the footsteps of Gucci and Balenciaga in blazing a couture path in the digital realm.

Ralph Lauren redesigns Polo logo for first time ever in new digital collection with Fortnite

In June, Chinese pop-punk singer Wowkie Zhang released a music video where he encounters a virtual character in a hyper-colored, animated world that is reminiscent of Pixar films. The avatar,…

Zebra Labs raises $5M to help Chinese celebrities enter the metaverse