A group of researchers from the SumOfUs NGO has experienced assorted abuse and violence on the Meta-owned Horizon Worlds metaverse platform. A fresh report from the group, titled ‘Metaverse: another cesspool of toxic content’, revealed that their virtual reality experience involved racial abuse, gun violence and even rape. The report …
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Facebook’s parent company Meta Platforms will charge creators around 47.5% on sales of digital assets and experiences made inside the firm’s virtual reality platform Horizon Worlds. Meta spokesperson confirmed to CNBC on Wednesday that the overall charge is comprised of a 30% hardware platform fee for sales made through Meta …
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JPMorgan Chase announced on Tuesday the opening of a lounge in the Decentraland virtual world, becoming the first bank to arrive in the metaverse. According to the Wall Street bank, the metaverse has a market opportunity of $1 trillion in yearly revenue, as creators tap Web3 to monetize their work …
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Regulators in Russia are looking into the possibility of new restrictions on virtual reality (VR), saying they are worried that it could enable illegal activity, while acknowledging that the “metaverse” also offers new possibilities for human interaction. The Scientific Technical Center of Roskomnadzor, the federal agency responsible for monitoring mass …
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PlayStation inventor Ken Kutaragi has dismissed the idea of the virtual ‘metaverse’ as the next big frontier in the tech industry, leveling particular criticism at the need for “annoying” headgear displays to transport consumers between the real world and cyber worlds. Kutaragi, a former Sony executive who is sometimes referred …
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The Barbadian government officially signed an agreement to establish a digital embassy in Decentraland, a user-owned, Ethereum-based digital environment, on Sunday, CoinDesk reported, citing the country’s Ministry of Foreign Affairs and Foreign Trade. The tech platform also noted the move in a tweet. The island does not plan to stop …
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Zuckerberg announced the rebranding on Thursday, during the company’s hour-long Connect 2021 virtual event, describing it as “the next evolution of social connection.” Though the technologies to make the “metaverse” happen are still in development and may be years off, the name change is effective immediately. Meta won’t erase Facebook …
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It is not often that a company like Facebook, which reported revenue growth of 35% to $29 billion in the three months ending in September, with profits rising 17% to $9.2 billion, can be said to be in trouble. But Facebook is in trouble. During this week’s earnings call with …
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The emergence of all-too-perfect whistleblower Frances Haugen, backed by a bevy of PR valkyries declaring Facebook a profit-seeking hive of hate, might suggest to some that the social network’s goose is cooked. But while the government and censor-happy NGOs delusionally battle over how best to carve up Facebook’s carcass, CEO …
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The rebranding may be announced on October 28 during the annual Connect conference or even sooner, according to the Verge. The outlet compares the looming switch to how Google renamed its parent company Alphabet in 2015 to stress that it is more than a search engine showing its users some …
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