Design, Science and Technology

The metaverse continues to not only capture the attention of various international organizations but also attract a high amount of investment dollars and act as a catalyst for the entrepreneurship ecosystem. While some experts consider it a concept and others see it as a movement or escape, the CAGR and market size it is estimated to reach clearly signal it to be a product and a service poised to disrupt the human-computer experience as we know it. The metaverse global market, which was valued at $22.79 billion in 2021, is expected to grow at a compound annual growth rate (CAGR) of 39.8% from 2022 to 2030.

 

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https://www.scoop.it/topic/21st-century-innovative-technologies-and-developments/?&tag=Metaverse

 

Read the full article at: www.forbes.com

Via Edumorfosis, Gust MEES

As a platform company, our approach to workplace productivity and collaboration is to ensure the software experiences we deliver can benefit users on all their favorite devices. In that spirit, today we are announcing several ways we are partnering with Meta to provide customers with more choice and security as they venture into the metaverse.

First, we are bringing Mesh for Microsoft Teams to Meta Quest devices. Mesh for Teams builds on years of research and Microsoft Cloud innovation, from Azure Digital Twins to Dynamics 365 Remote Assist and Teams video meetings. It is designed to help people gather virtually in the place where work happens on any device, including smartphones, laptops and mixed-reality headsets. Mesh for Teams with Meta Quest Pro and Meta Quest 2 devices will enable people to connect and collaborate as though they are together in person.

 

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https://www.scoop.it/topic/21st-century-innovative-technologies-and-developments/?&tag=Metaverse

 

Read the full article at: blogs.microsoft.com

Via Gust MEES

Two of the biggest names in entertainment are coming together to create a virtual space aimed at kids, through a new partnership between Fortnite developer Epic Games and Lego. “We are excited to come together to build a space in the metaverse that’s fun, entertaining, and made for kids and families,” Epic CEO Tim Sweeney said in a statement.

Details are scarce — and the concept of a metaverse remains a murky one — but the companies say that whatever it is they end up building will be designed as a family-friendly virtual space from the beginning. “The Lego Group and Epic Games will combine their extensive experience to ensure that this next iteration of the internet is designed from the outset with the wellbeing of kids in mind,” the companies explained in a press release.

 

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https://www.scoop.it/topic/21st-century-innovative-technologies-and-developments/?&tag=Metaverse

 

Read the full article at: www.theverge.com

Via Gust MEES

The critical concern for any metaverse beginner would pertain to the ways in which metaverse can change education. How will the metaverse change education? The big question brings many doubts to mind alongside emphasizing particularly the specific parts of the metaverse, which might play a role here.

A broader classification of the metaverse would bring you face to face with four important concepts such as augmented reality, lifelogging, virtual reality, and mirror worlds. All of these concepts provide a detailed impression of using metaverse technology to drive use cases in the education sector. Let us learn about these four aspects of the metaverse with a brief overview of each of them.

 

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https://www.scoop.it/topic/21st-century-innovative-technologies-and-developments/?&tag=Coinbase

 

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Read the full article at: 101blockchains.com

Via Edumorfosis, Gust MEES

Most Metaverse business projects will be dead by 2025

McKinsey forecasts market value of $5 trillion by 2030, Citi says up to $13 trillion, but Canalys doesn't agree

CANALYS CHANNELS FORUM The metaverse is a solution looking for a B2B problem – that problem being how to help Meta CEO Mark Zuckerberg drum up billions of dollars in revenues – and it's going to fail in the not-too-distant future.

That is if you believe the good folk at Canalys, who are seemingly already buffing a gravestone for Zuck's version of the internet that we recently pointed out nobody really wants.

"Is the metaverse the next digital frontier or an overhyped money pit?" asked Matthew Ball, chief analyst at Canalys, at the company's Channels Forum in Barcelona.

"Tens of billions of dollars have already been invested, costs and delays to Meta's own progress is a barometer.

 

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Read the full article at: www.theregister.com

Via Gust MEES

The Register has reported from Gartner's Symposium event in Australia, where the intraverse was described as, "an interactive space that melds an intranet and a metaverse".

Gartner reportedly encouraged attendees to not "think of a metaverse as a single thing to build", but instead "a collection of techs such as augmented reality to be used as a training or collaboration environment, or a way to add AI avatars as a customer service option".

 

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Read the full article at: www.techradar.com

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Yuga Labs, the creator of the Bored Ape Yacht Club (BAYC) NFT, has announced it is raising $450 million at a $4 billion valuation. The NFT company said the funds would be used to scale its team and operations, which it confirmed includes a new metaverse project called Otherside.

The metaverse project, Otherside, will integrate avatars from a number of NFT projects, including BAYC. Earlier this week, Yuga Labs tweeted a teaser that a metaverse project powered by its new ape-themed crypto coin, Ape Coin was in the works.

Among the investors are Andreessen Horowitz along with gaming studio Animoca Brands and cryptofirms FTX which are both already associated with YugaLabs.

Google, Samsung, Adidas as well as celebrities such as Colin Kaepernick, Shaquille O' Neal, Steve Aoki, and Timbaland among others also invested in the funding round.

 

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https://www.scoop.it/topic/21st-century-innovative-technologies-and-developments/?&tag=Metaverse

 

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https://www.scoop.it/topic/21st-century-innovative-technologies-and-developments/?&tag=Coinbase

 

https://www.scoop.it/topic/21st-century-innovative-technologies-and-developments/?&tag=NFT

 

Read the full article at: www.zdnet.com

Via Gust MEES