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.
Collectibles sold on the platform may also be bridged to mainstream platforms such as OpenSea and Rarible.
The launch of the upcoming AI tools comes shortly after the company’s first interaction with generative AI. In August, Walmart introduced an AI tool tailored to serve the needs of up to 50,000 corporate employees.
Today, all employees of the FAST unit will be notified about their further status. Currently, there are 600 workers under the FAST division. It is not clear how many people will lose their jobs at Reality Labs.
Meta will try to compete with Apply using its much-cheaper Quest 3 VR headset ready for shipping next month.
Participants at the Meta Connect conference expect details of the company’s investment in the metaverse at the 2-day event.
In addition to the metaverse, Improbable attributed the robust financial earnings to a decrease in the cost of hosting large-scale virtual events.
Walmart has broadened the shopping experience for its customers in the metaverse as it merges purchases in the physical and virtual worlds.
Qualcomm Global Senior Vice President Cheng Lixin expressed optimism about the partnership, emphasizing its potential to accelerate the development of China’s metaverse.
Meta emphasized that early access will gradually expand as it collects feedback and refines the user experience.
Diesel’s entry into the Meta Avatar Store aligns with the brand’s previous forays into the metaverse and its ventures into the world of NFTs.
Within the funding round, Animoca Brands issued Simple Agreements for Future Equity (SAFEs) priced at A$4.50 each and offered a free-attaching utility token warrant on a 1:1 dollar basis to the participants.
With the introduction of the Sorare App’s AR functionality, fans can now take their virtual football experience beyond the screen and into their everyday lives.
Kim is advocating for a shift in strategy, proposing immediate taxation of all forms of income and assets within the metaverse.
The upcoming Meta Quest 4 Pro shall feature LG Electronics, and LG Display, with LG Innotek and LG Energy Solution supplying parts.
The ‘BetterWorld’ gamified experience will be accessible to the public once the Sandbox’s Alpha Season 4 is launched before the end of 2023.