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metaverse

Qualcomm and Baidu Partner to Build Metaverse Infrastructure

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Qualcomm and Baidu Partner to Build Metaverse Infrastructure

Baidu and Qualcomm partner for XR and metaverse tech. Integration of Snapdragon Spaces XR with XiRang. Focus on metaverse despite AI’s rising interest. Baidu, a prominent Chinese internet company, and Qualcomm, a leading technology firm, have unveiled a strategic alliance aimed at advancing extended reality (XR) technology and metaverse infrastructure. The joint announcement, made on … Read more

FM Bilawal invites Meta to establish office in Pakistan

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Meta office in Pakistan
  • FM has invited a high-ranking Meta official to build a local office to enhance contact between local authorities and the social media giant
  • Pakistan mission, the foreign minister met Meta’s Global Affairs President Nick Clegg
  • FM thanked the company for donating Rs.125 million for humanitarian assistance to Pakistan

NEW YORK: Bilawal Bhutto Zardari, Pakistan’s Foreign Minister, has invited a high-ranking Meta official to build a local office to enhance contact between local authorities and the social media giant.

Last year, Facebook rebranded itself to Meta to create the “metaverse,” a shared virtual world that the firm believes will be the replacement for mobile internet.

On the sidelines of the United Nations General Assembly’s (UNGA) 77th session, where he is part of the Pakistan mission, the foreign minister met Meta’s Global Affairs President Nick Clegg.

When discussing the potential available in Pakistan, the foreign minister stated that the country has a tech-savvy youthful population (64% under the age of 30), high teledensity, massive digitization of the economy, and a business-friendly regulatory regime.

“Pakistan’s IT sector has experienced rapid growth in recent years, creating new prospects for platforms like Meta to extend their operations in Pakistan,” the foreign minister told a representative of the social media business.

Clegg stated that Meta’s Pakistan team is exclusively made up of Pakistani experts. He informed the foreign minister of Meta’s ongoing connectivity and capacity-building initiatives in Pakistan.

Clegg confirmed Meta’s willingness in continuing to engage with Pakistan to seek ways to improve collaboration in the digital sector.

The government issued the Removal and Blocking of Unlawful Online Content (Procedure, Oversight, and Safeguards) Rules, 2021 in October of last year, forcing social media platforms to register with the Pakistan Telecommunication Authority (PTA). However, it has yet to bear fruit.

The foreign minister, in his meeting with President, Global Affairs at Meta Nick Clegg thanked the company for donating Rs.125 million for humanitarian assistance to Pakistan in the wake of the deadly floods.

[embedpost slug=”un-chief-urges-world-to-help-nations-facing-climate-challenge-especially-pakistan”]

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Metaverse open standards group is formed by Microsoft, Meta, and others

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Metaverse

The Metaverse Standards Forum aims to promote open, interoperable standards for augmented and virtual reality. It has been founded by Microsoft, Epic Games, Meta, and 33 other firms and organisations. The club aims to conduct its first meetings in 2022, and will focus on “action-based projects”. A standards group for “metaverse” technology has been founded … Read more

Metaverse Will Be Worth $5 Trillion by 2030, Report

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Metaverse

Adoption rate of the Metaverse is comparable to that of artificial intelligence five years ago. As the Metaverse continues to absorb everyday life Eric Hazan, Metaverse is comparable to Web 2.0 in 2004 McKinsey & Company, a global management consulting firm, has released a new report estimating that the Metaverse will be worth $5 trillion … Read more

The App Store is a “disservice” to developers: Epic CEO

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Tim Sweeney, the CEO of Epic Games, spoke with The Financial Times. He slammed the Apple App Store throughout the interview, calling it a “disservice” to developers. He went on to say that while the app store is not a service, it is a significant disadvantage for developers. Judge Yvonne also found in 2021 that … Read more

A woman’s avatar gets raped in Metaverse by a stranger while another watches

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metaverse

A woman’s avatar gets raped in Metaverse by a stranger while another watches A lady was ‘sexually assaulted by an outsider in Meta’s Horizon Worlds metaverse application while another client ‘watched and passed around a jug of vodka’, another report claims. SumOfUs, a non-benefit that missions to control the developing force of companies, sent a … Read more

DPMETAWORLD: DP World to explore metaverse

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DPMETAWORLD is a new effort launched by DP World, a leading global end-to-end logistics service, to deliver cutting-edge virtual solutions to real-world supply chain difficulties. Supply chains are transitioning from analogue to digital across the industries in which DP World participates. This initiative will enable DP World to lead the acceleration of this trend by … Read more

Serious crime in the metaverse should be outlawed by the U.N

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metaverse

New laws should be created to prevent people from committing crimes such as “murder” in the metaverse, according to the United Arab Emirates’ minister of state for artificial intelligence. The metaverse refers to a virtual world where people can live, work and play via an avatar. It doesn’t actually exist yet, but tech companies are … Read more

Zuckerberg’s metaverse vision from an Amazon hardware executive

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Meta

Everyone continues stating they don’t want to live in the metaverse, which Meta and its CEO Mark Zuckerberg can’t seem to shake. Amazon’s chief of devices, David Limp, said last week that he doesn’t want to live in a virtual world 24 hours a day, or even a few hours a day. Limp echoed similar … Read more

Notorious B.I.G. Leaves the Real World to Metaverse

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Notorious B.I.G.

The late rapper’s estate is teaming up with Burst Live Inc. and Surreal Events to build a new virtual environment dubbed “The Brook” — a nod to the artist’s homeland of Brooklyn — that will include a hyper-realistic recreation of the man himself. Fans will be able to explore the virtual environment, purchase virtual real … Read more

You will soon be able to buy Gucci using Bitcoin

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Bitcoin

Gucci has announced that bitcoin payments would be accepted at select locations. Customers will be able to pay with bitcoin at locations in New York, Los Angeles, Miami, Atlanta, and Las Vegas beginning at the end of May for the experimental project. According to a press statement shared with CNN, the initiative will be expanded … Read more

Metaverse will attract trolls, iPod creator warns

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Metaverse

The designer of Apple’s iPod has cautioned that the so-called metaverse risks breeding more trolls and harming human contact. According to Tony Fadell, the virtual reality-based metaverse eliminates the capacity to “see into the other person’s face.” “If you put technology between that human connection that’s when the toxicity happens,” he said. The metaverse is … Read more

Emirates airlines embraces digital currencies and metaverse to attract new customers

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UAE flag carrier Emirates plans to embrace advanced digital solutions such as blockchain, metaverse, and cryptocurrency as part of its strategy to connect with customers in a faster and more flexible way. The Dubai-headquartered airline will hire new staff for metaverse and non-fungible tokens, also known as NFTs, in an effort to develop applications to … Read more

Imaginary lands are being sold for thousands of pounds in metaverse

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Imaginary lands are being sold for thousands of pounds in metaverse Johnny McCamley has spent almost £5,000 on plots of land. However, he can’t actually stroll on this land – and he can’t reside there or construct a house on it. That is on the grounds that the 23-year-old’s venture is in the metaverse, meaning … Read more

Sony, Lego to place $2 billion into Epic Games metaverse effort

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Japanese

Japanese biggest Sony and Lego’s Danish parent firm declared Monday a $2 billion investment in US gaming powerhouse amazing Games for its work toward joining the metaverse vision for the internet’s future. Scores of tech firms have been rushing to invest in creating the metaverse, a loose term covering the fattening eco-system of interactive online … Read more

Crypto isn’t just for bros: encounter the mother joining the market

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Cryptocurrency

In October, Sarah Monson absorbed that Facebook was swapping its name to Meta and replacing its name called the Metaverse, a hypnotic virtual world that didn’t yet survive, but the company said would one day conquer the internet. Monson, a 44-year-old advertising writer, and mother who recently shifted to Hawaii found the news disturbing. “I … Read more

Viral: A couple from Tamil Nadu hosts a metaverse wedding reception

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metaverse

A Tamil Nadu bride and husband made history when they hosted India’s first wedding reception on the Metaverse, an online realm of interconnected 3D virtual worlds. Both Potterheads, Dinesh S P and Janaganandhini Ramaswamy, were married on the same day in the hamlet of Sivalingapuram in Tamil Nadu. Dinesh is a software developer with a … Read more

Chinese technology giants looking to build metaverse

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Chinese technology

BEIJING – As “metaverse” became the buzzword of 2021, Chinese tech giants are also looking for opportunities in what might be the next phase in the internet’s evolution. Since Mark Zuckerberg announced Facebook’s official rebranding as Meta last October, Chinese tech companies have also been buzzing with the idea to build a vast digital world, … Read more

Metaverse gets touch of reality at CES

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metaverse

LAS VEGAS: A jacket equipped with sensors that let wearers feel hugs or even punches in virtual reality was among the innovations giving the metaverse a more realistic edge at the Consumer Electronics Show. “What is the metaverse if you can’t feel it?” asked Jose Fuertes, founder of the Spain-based startup Owo, which made the … Read more

Paris Hilton to join metaverse business on Roblox

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Paris Hilton

Paris Hilton is a famous Hollywood celebrity, who needs no introduction she charges as much as $1 million per/night working as a celebrity DJ, amusing partiers at clubs in China, Dubai, and on the Spanish vacation island of Ibiza. Hilton has joined the world of metaverse following the trend of other celebrities. This New Year’s … Read more

Boeing wants to build its next airplane in ‘metaverse’

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Boeing

In Boeing Co’s factory of the future, immersive 3-D engineering designs will be twinned with robots that speak to each other, while mechanics around the world will be linked by $3,500 HoloLens headsets made by Microsoft Corp, Reuters reported. It is a snapshot of an ambitious new Boeing strategy to unify sprawling design, production and airline services … Read more

Decentraland MANA Price Prediction for 2021, 2022, 2023, 2024 And 2025

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Decentraland is a three-dimensional (3D) virtual reality stage that stands at the vanguard of this rising metaverse tendency which has seen meta-related coins multiply by up to 37,000% this year. Also check: Bitcoin Price Prediction: The coin will hit $100,000 Month Open Low-High Close Total,% 2021 Dec 0.213 0.213-0.412 0.296 39.1% 2022 Jan 0.296 0.230-0.355 0.330 … Read more

Twitter takes an indirect dig at Facebook

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Twitter, recently took a jibe at the social media application Facebook, after it rebranded itself and came up with a new name for the parent organization i.e., Meta Inc. The giant conglomerate was previously known as Facebook Inc. The renaming act of Facebook prompted flood of memes on various social media platforms all across the … Read more

Facebook to change its name for ‘metaverse’

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Facebook grapples with another global outage

The social media leader, Facebook has decided to rename the company to get a better focus on building ‘metaverse’, according to a report by The Verge. The tech giant’s founder and CEO, Mark Zuckerberg will make an announcement in the annual conference Connect on 28th of October. Facebook is also aiming to put on board … Read more

Facebook announces 10,000 EU jobs to build ‘metaverse’

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Rising tide of leaks threatens to inundate Facebook

PARIS: Facebook on Monday announced plans to hire 10,000 people in the European Union to build the “metaverse”, a virtual reality version of the internet that the tech giant sees as the future. Facebook CEO Mark Zuckerberg has been a leading voice in Silicon Valley hype around the idea of the metaverse, which would blur … Read more

Facebook denies BTC but accepts Non-Fungible Tokens

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Facebook

Facebook is certain “not prepared” to include its stablecoin Diem into the mix so far, as the present structure wants an important upgrading for that. But as a “last resort,” if there’s no alternate method to provide value to customers, they might think through doing that, Marcus stated.

Head of Novi & Diem Co-Creator David Marcus stated “Blockchain is going to be transformational for the metaverse,”

He said,

“But we’re very determined and very motivated to launch with a stablecoin. And on a network that enables us to actually really change the game.”

Marcus also realizes CBDC (central bank digital currencies) arise over time, which will “bring an additional level of trust in the underlying digital currency that people use.” And after that takes place, Facebook will too be using that CBDC.

[embedpost slug=”novi-digital-a-cryptocurrency-wallet-soon-to-be-launch-by-facebook”]

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