Virtual Reality (VR) & Augmented Reality (AR) News
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Virtual Reality News
One of the new intriguing trends in the gaming industry is the VR (Virtual Reality) technology. VR allows users and gamers to experience an extraordinary graphical 3-D (three dimensional) recreation of their surroundings. VR’s success has motivated several tech companies to venture into the gaming industry as top companies dabble into the technology.
In 2016, gaming fans across the globe were thrilled by the introduction of Virtual Reality Headsets, this led to much better user experience and significantly revolutionized the gaming industry.
A better user interface in VR games sparked the interest of users as the demand for the technology increased in a few months.
Augmented Reality
Augmented Reality is a shared simulation of the real-world experience of an environment, AR brings real life experience to the users in such a way that they cannot distinguish between real life experience and virtually augmented experience.
Its diligently connected term, Augmented Reality, gained a lot of hype at its introduction as many tech enthusiasts reeled in amazement of its limitless potential. AR currently has more use cases than VR and is steadily describing the next stage of how people might interact with each other in the near future.
Since its inception, Augment Reality has been majorly adopted and used in the advertisement and entertainment space. One of the products that signified the innovation was Google’s AR Glasses which was released to help autistic children get more comfortable in social gatherings.
Although AR is still in its early years, there is no doubt in its broad potential to give rise to better ingenious innovations in the future.
Meta will begin a test of its readiness for the emerging metaverse as the company builds products and service tools for related projects.
As revealed in the report, Meta may not be creating a conventional form of cryptocurrency that is usually connected to a blockchain.
According to HSBC, its asset management arm will be in charge of its metaverse portfolio.
Meme crypto platform Shiba Inu plans to launch a metaverse project featuring over 100,000 land plots at tiered ETH prices.
The Beijing-based firm is amongst the few remaining businesses from the early wave of AR eyewear manufacturers.
The Tencent application for the trademarks in the metaverse is not the first attempt the company will be making to exert its deep interest in the space.
Snowcrash NFT platform appeared as a marketplace for intellectual property holders, brands, and artists who want to create myriad collections, including primary drops, limited editions, streaming rights, and digital goods.
Facebook parent Meta believes that for the metaverse function optimally, cellular networks have to improve the quality of their connections.
Chief Executive Officer of Hashed Simon Kim acknowledged the fact that the novel Metaverse forum has a specific target of steering the commercial development by giving away monetary aid to contestants.
Zuckerberg described basic AI functionality in the metaverse and suggested that several related projects are in the works.
Comparing Sony PlayStation VR2 with Meta Quest 2 will help to successfully understand the dynamics and possibilities of intense competition. Users of these devices will likely set side-by-side the features.
Manchester City has signed a three-year partnership agreement with Sony Group to improve players-fans interaction and to get its Etihad stadium to the metaverse.
With the metaverse EFTs making waves in South Korea, an increase in revenue is inevitable. Local and foreign Investors make about 70% of revenue in South Korea.
High-end lingerie brand Victoria’s Secret has applied to offer digital collectibles and online clothing within the metaverse.
Aoki explains the popularity of NFTs due to their reliance upon the communities that spring up and support them. Besides, NFTs are beneficial for artists as they offer the opportunity to directly sell work to fans without relying on distributors and publishers.