Despite the hype and flashy demos, the metaverse has not taken off as expected, and some have even questioned if it is dead with the rise of AI programs such as ChatGPT.
Web 3.0 is an upcoming technology ecosystem which is evolving fast and has the potential to change business models significantly. As the third generation of the world wide web (WWW), it facilitates the metaverse and cryptocurrency while laying emphasis on ownership of data.
The stock price of Facebook’s parent company Meta took a nosedive after the social media giant announced a mixed third-quarterly earnings report yesterday. The highlight of the report includes eyebrow-raising $3.7 bn dollar losses in its futuristic Metaverse division.
The United Arab Emirates has recently announced a virtual economy ministry to be set up inside the metaverse. The project is to be launched at Dubai's Museum of the Future.
ViewSonic recently made its debut in the metaverse by virtually launching its latest gaming monitors and display products in Bangladesh.
Facebook-owner Meta released its first annual human rights report on Thursday, following years of accusations that it turned a blind eye to online abuses that fueled real-world violence in places like India and Myanmar.