Tag: metaverse

Australian metaverse to become a $5.8B million industry in 2023

The metaverse industry in Australia is expected to grow by 39.0% on an annual basis to reach $5.8 billion in 2023, according to research published...

Meta gets nod to acquire VR competitor Within Unlimited

Facebook parent Meta will be allowed to purchase Within Unlimited, the company behind the virtual reality workout program Supernatural....

Meta’s new technology: The Quest Pro VR, MR headset

With the introduction of the Quest Pro virtual and mixed reality headset by Meta Platforms, chief executive Mark Zuckerberg has successfully entered the high-end market...

$100M metaverse R&D center soon to rise in Australia 

A metaverse R&D center will soon rise in Melbourne, Victoria with the collaboration of Australian creative technologies company Two Bulls and Thailand’s Translucia Global Innovation....

Global metaverse market poised to create $750 billion opportunity by 2030

By 2030, the metaverse will represent an approximately $750 billion market opportunity as businesses from various consumer groups seize the opportunity to broaden their reach....

Meta introduces Meta Accounts and Meta Horizon Profiles for VR

Meta users will now need to register a Meta account and Meta Horizon profile to access their virtual reality (VR) headsets instead of using their...

Meta, Microsoft, and others converge for an ‘open metaverse’

Tech giants joined forces to form the “Metaverse Standards Forum,” to create the interoperability standards required for an open metaverse. The organization’s founding members are<span...

Facebook parent Meta’s market value plunges $321 billion

Facebook owner Meta Platforms has seen its biggest stock market loss by almost $US 230 billion ($A321 billion), which came on the eve of Facebook’s...