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The founder of cryptocurrency project Clucoin has pled guilty to wire fraud, admitting to diverting $1.14 million in investor funds for personal use, including gambling. Despite promoting the cryptocurrency for charitable causes, Taylor used his social media influence to attract investments, which he then misappropriated. He faces up to 20 years in prison. Clucoin Founder … Read more
Creators can build out massively multiplayer games and social spaces using the in-world VR user interface. Go to Source
Wētā Workshop is known for its special effects work on movies like The Lord of the Rings and The Hobbit. Go to Source
Research indicates we’ll need to develop a secure, biometrically verified digital twin in order for the metaverse to work. Go to Source
In the past 24 hours, DAO Maker, Play-to-Earn, and Metaverse tokens have experienced a notable increase in trading volume, with DAR, MBOX, and ALICE leading the charge. This trend continues over the last 7 days, with DAO Maker and Play-to-Earn recording the largest spikes in trading activity. Metaverse Tokens, ALICE and MBOX Sees Massive Increase … Read more
Nicholas joins Meta as an executive mixed reality producer for entertainment experiences. Go to Source
The metaverse is dead, long live the metaverse. Go to Source
The growing malaise for metaverse hype is reminiscent of the AI sector directly before the launch of GPT-3. Go to Source
According to Paul Thomas, a seasoned technologist and founder at Somnia, artificial intelligence (AI), like the metaverse before it, is currently experiencing hype. This hype cycle will continue to be in vogue before eventually waning. Thomas argues that combining the metaverse with AI can potentially “make virtual environments interactive and personal.” AI Hype Cycle Expected … Read more
Despite Q1 company earnings rising 27% year-over-year, Reality Labs will have to cut costs. Go to Source