Meta Reality Labs Celebrates 10-Year Milestone, Has Lost $50+ Billion
April 08, 2024

Meta’s Reality Labs division is now 10 years old. And in the past five years alone, since 2019, the division — which is responsible for Meta’s metaverse, mixed reality (MR), augmented reality (AR), virtual reality (VR), and artificial intelligence (AI) initiatives — has lost the...

The 216 Million Reasons Why Mango, LensCrafters and Worldline Are Betting on the Metaverse
January 31, 2024

As technology advances, the metaverse is growing, offering immersive experiences, social connectivity, and economic opportunities.  Embracing the same sentiment, Spanish retailer Mango has entered the realm of Roblox, solidifying its dedication to innovation and the development of an ecosystem that provides customers with experiences, products,...

Worldline Debuts Metaverse Shopping Hub
December 12, 2023

Payments services provider Worldline is expanding its virtual shopping program. The French company announced Tuesday (Dec. 12) the launch of the Worldline Metaverse Shopping Hub within the Spatial platform, an upgrade to its solution for merchants that hope to access the metaverse.  “Through this platform...

Walmart Debuts Virtual Experience on Roblox to Spotlight Community Creators
September 26, 2023

Walmart launched a new virtual experience on the online gaming platform Roblox. Walmart Discovered lets users ages 13 and older discover virtual items and creators, according to a Tuesday (Sept. 26) press release. It also allows those developers to sell virtual items with Robux, Roblox’s...

Retailers Hope to Hit Metaverse Spending With Real Products
August 18, 2023

Even though the media has shifted its focus away from the metaverse, consumers’ interaction with the virtual realm is far from over. At least that’s what Patrice Louvet, the chief executive of Ralph Lauren, has to say about it.  “We are investing in the metaverse....

Futureverse Raises $54 Million in Funding to Build Metaverse Platform
July 18, 2023

Futureverse has raised $54 million in a Series A funding round to scale its platform that will enable developers and users to create and engage with interoperable content and applications within the metaverse. The company’s technology suite features a range of artificial intelligence (AI) content...

Bank of America Uses Virtual Reality for Training Over 200,000 Staffers
July 13, 2023

Bank of America is using digital tools to prepare employees for real-world situations. The bank is using the latest in artificial intelligence (AI), virtual reality (VR) and the metaverse to create an immersive learning experience for its employees, Bloomberg reported Thursday (July 13). John Jordan, head of...

Virtual Reality Industry Excitement Said to Hit ‘Fever Pitch’ Ahead of Apple Launch
June 04, 2023

Will Apple’s planned mixed-reality headset lead to a virtual reality (VR) funding renaissance? That’s the hope of startups in the VR space, according to a Sunday (June 4) report by the Financial Times (FT), looking at the anticipation for Apple’s new headset, rumored to be unveiled at...

Meta Horizon Worlds Adds Controls as It Lowers Age Requirement
April 18, 2023

Meta is lowering the age requirement for entry to a virtual reality (VR) platform. Previously limited to those 18 or older, Meta Horizon Worlds will be opened to those 13 or older in the United States and Canada in the coming weeks, Meta said in...