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Meta Remains Committed to Enterprise Metaverse

XR Today - Virtual Reality

Meta set itself a high benchmark when it first unveiled the Horizon Worlds platform and the Metaverse concept. While Meta’s expectations and marketing predicted quick adoption, the firm’s Metaverse ambitions fell dormant. It appeared that Meta would instead focus on XR gaming and AR-lite consumer wearables.

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Meta Launches Metaverse Culture Series In Horizon Worlds

VRScout

The Metaverse Culture Series kicks off with Black History Month. This week Meta debuted their Metaverse Culture Series , a first-ever VR series focused on creating an intersection between the future of technology and embracing culture and heritage for historically excluded communities.

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Follow the Money: Meta Doesn’t Want to Own the Metaverse

AR Insider

There's a common misperception that Meta wants to operate an insular metaverse that it wholly owns. We break down the business case for its more strategic play to reside on, and feed off, a much larger open metaverse. It's all about network effect. This post appeared first on AR Insider.

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Meta Reaffirms Commitment to Metaverse Vision, Has No Plans to Slow Billions in Reality Labs Investments

Road to VR

Meta announced its latest quarterly results, revealing that the company’s Reality Labs metaverse division is again reporting a loss of nearly $4 billion. Meta’s still investing billions into XR, and it’s not showing any signs of stopping. The bright side? billion quarterly revenue. While the $3.99

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Metaverse to Contribute 2.8% to Global GDP in 10 Years, says Meta

XR Today - Virtual Reality

This Tuesday, a report from leading immersive firm Meta Platforms, produced by Deloitte, analysed the economic forecast of Metaverse services across the US, Canada, the Middle East, North Africa, Sub-Saharan Africa, Turkey, and Asia. Meta, and report collaborator Deloitte, boldly predicted that Metaverse services would provide 2.8

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Meta Pay to Support Third-Party Metaverse Services

XR Today - Virtual Reality

In a Facebook post this Wednesday, the CEO of Meta, Mark Zuckerberg , announced his firm would transition Facebook Pay into Meta Pay, a digital wallet for Metaverse services such as Horizon Worlds. Supporting Metaverse Interoperability.

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Meta Cancels F8 Developer Conference This Year to “build the metaverse”

Road to VR

Meta is again cancelling its F8 developer conference this year. Meta skipped F8 in 2020 and 2021 explicitly due to the COVID-19 pandemic, however this year the company says it’s taking a pause to work on the metaverse. At the event in 2018, the company also gave away Oculus Go, the company’s last 3DOF headset.