Metaverse

Empowering Users in the Metaverse

Thursday. August 22 at 3:00 AM

1 min. read

The concept of the metaverse, popularized by Big Tech and science fiction, has not yet fully materialized as envisioned. Despite the lack of widespread adoption for business meetings and experiences akin to Ready Player One, a team of Italian scientists has introduced a groundbreaking study. Their research, titled “Metaverse & Human Digital Twin: Digital Identity, Biometrics, and Privacy in the Future Virtual Worlds,” emphasizes the importance of interoperability and data ownership in creating a digital replica of reality. In the metaverse, user activities generate vast amounts of data that can offer insights into their identity and behaviors. The researchers advocate for users to have control over their data in decentralized storage, enabling them to selectively share it for compensation. This shift towards user empowerment could revolutionize how data is utilized in the metaverse, fostering a more secure and private digital environment.

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Revolutionizing AI with World Labs Launch

Saturday. September 14 at 7:30 AM

World Labs, an artificial intelligence startup, recently launched with a valuation exceeding $1 billion and over $230 million in funding. Co-founded by Fei-Fei-Li, known as the 'Godmother of AI' for her groundbreaking work in generative artificial intelligence, the firm aims to develop 'spatial intelligence' systems. Their primary product, Large World Models (LWMs), seeks to enhance AI capabilities by enabling models to interact with the world in 3D space and time. This innovative approach bridges the gap between current 2D-focused AI models and future agents capable of perceiving 3D worlds. By creating virtual spaces with physics and semantics, World Labs is paving the way for AI models to explore real and virtual environments with unprecedented intelligence. This advancement could revolutionize various domains, particularly robotics and virtual worlds, by generating 3D virtual environments with the same proficiency as modern text-based AI models like ChatGPT.

Metaverse

Regulators Secure Reimbursement for Investors in Lydian.World Metaverse Scheme

Tuesday. September 10 at 4:00 AM

Securities regulators in 12 US states have reached a settlement with German companies linked to Josip Heit, ensuring reimbursement for investors who suffered losses in a scheme involving the Lydian.World metaverse, cryptocurrency, and tokenized ownership of a metaverse skyscraper. The North American Securities Administrators Association (NASAA) announced the return of all funds and cryptocurrency deposited with the GSB Group. US investors in participating states will receive compensation, with allegations of fraud being withdrawn. States like Alabama, Arizona, and Texas are part of the settlement. Regulators from multiple states and the British Columbia Securities Commission took action against the GSB Group for running a multilevel marketing scheme. Bloomberg reported that hundreds of millions of dollars will be refunded to affected investors in the US and Canada, with a 90-day window to file claims against the group.

Metaverse

Meta's Plan for Affordable Mixed-Reality Glasses

Thursday. August 29 at 10:00 AM

Meta Platforms, led by Mark Zuckerberg, is developing a new line of sleek mixed-reality glasses known as 'Puffin' to replace their bulkier predecessors. These glasses, set to launch by 2027, will be smaller than Meta's existing Quest headsets and will not require handheld controllers, allowing users to control them through hand gestures. Unlike the expensive Apple Vision Pro, the 'Puffin' wearables are expected to be more affordable and compact, appealing to a wider audience. These mixed-reality glasses blend the real world with virtual reality, enabling users to interact with both digital and real-world objects. Mark Zuckerberg envisions these glasses as smart glasses with holographic displays, cameras, microphones, and speakers, bridging the gap between existing products and bulky VR headsets. Despite ongoing losses, Meta's Reality Labs division is optimistic about decreasing operating losses with upcoming product releases.

Metaverse

HTC Launches 'Viverse Create' for No-Code Metaverse Building

Friday. August 23 at 9:00 PM

HTC has introduced 'Viverse Create,' a new no-code platform for building worlds and games in its Viverse metaverse. Users can develop multiplayer experiences across various devices, including VR, mobile, PC, and Mac. Known for its Vive headsets, HTC expands into creator and influencer domains with this tool. While not geared towards AAA Web3 projects, Viverse Create offers robust features for VR world creation. The platform simplifies sharing experiences, accessible on VR headsets, mobiles, and PCs via a secure link. HTC's Andranik Aslanyan highlights the system's user-friendly interface and cross-platform functionality, stating that the metaverse is evolving and inclusive. This innovation aims to bridge the gap between professional developers and novice creators, fostering a collaborative virtual world-building community.

Metaverse