The metaverse is on its last legs as VR is eclipsed by AI. But that's not the only thing that went wrong for Meta's VR ...

More than four years after changing its company name from Facebook to Meta, the tech giant is pulling back from its virtual reality projects in a big way. Meta started cutting jobs this week in its ...

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More Doctor Who is setting up shop in the metaverse. BBC Studios has teamed up ...

A partnership with Web3 specialist Reality+ will create BBC Studios metaverse experiences where fans can interact with content from brands including Top Gear and Doctor Who. BBC Studios is set to ...

Several of Meta's VR studios have been affected by the company's metaverse-focused layoffs. The company has shuttered three of its VR studios, including Armature, Sanzaru and Twisted Pixel. VR fitness ...

Reality Labs chief Andrew Bosworth spoke for the first time this week about the cuts in the VR division and explained Meta's ...

Futureverse, a well-financed AI and metaverse company, has formed Readyverse Studios in partnership with Ready Player One author Ernest Cline. Readyverse Studios’ founders told GamesBeat they plan to ...

Nonfungible token (NFT) conglomerate Yuga Labs has agreed to acquire the metaverse-building startup Roar Studios as it looks to bolster its Otherside metaverse. Yuga tweeted the news on July 31, ...

Meta is laying off around 10% of staff at its Reality Labs division as part of sweeping cuts set to affect more than 1,000 people. This includes the closure of a number of VR-first studios, such as ...

LOS ANGELES--(BUSINESS WIRE)--The LAMINA1 Ecosystem Fund (L1EF), launched by LAMINA1 as the world’s first publicly-accessible rolling ecosystem fund for a Layer1 blockchain, announced its inaugural ...

In this week’s newsletter, read about why the food and beverage nonfungible token (NFT) market is set to exceed $2 billion by 2032, check out the Bruce Lee avatar that has made its way into the ...

Vizrt is working with blinx, a new startup which aims to empower Gen Z and millennials through storytelling that matters to them. blinx is using XR technology and Vizrt artificial intelligence to ...