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Nifty News: Chinese firms to offer World Cup metaverse viewings, X2Y2 backtracks on royalties, and more

In early November the Chinese government made an ambitious plan to boost the nation’s VR industry, now it seems local tech companies are using the World Cup to test-run their…

Continue ReadingNifty News: Chinese firms to offer World Cup metaverse viewings, X2Y2 backtracks on royalties, and more

Renault Launches Its Industrial Metaverse, Aims to Save $330 Million by 2025

Renault, one of the biggest automakers in the world, has announced it has built the first industrial metaverse, with all its production lines supplying data to this world. According to…

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Metaverse of Entertainment Expected to Grow to Almost $29 Billion Driven by Consumer Spending by 2026, Study Says

A study from Technavio, a market research firm, has predicted that the area of the metaverse dedicated to entertainment, including virtual concerts, video games, and movies, will grow to $28.92…

Continue ReadingMetaverse of Entertainment Expected to Grow to Almost $29 Billion Driven by Consumer Spending by 2026, Study Says

State-Run Chinese Newspaper Economic Daily Warns Against ‘Betting Big’ on the Metaverse

Economic Daily, an economic newspaper run by the Chinese state, has published an article noting problems with investing in the metaverse. The article says that metaverse investments might not be…

Continue ReadingState-Run Chinese Newspaper Economic Daily Warns Against ‘Betting Big’ on the Metaverse