metaverse

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Major XR Players Join New Metaverse Forum to Cooperate on Foundational Standards
Khronos Group, the consortium behind the OpenXR standard, is helping to assemble other XR industry players in service of cooperatively building interoperability standards for what it hopes will be an “open and inclusive metaverse.” The so-called Metaverse Standards Forum was founded by platform holders, hardware companies, engine/tool creators, and users, with participants including companies such...
Epic Games Raises $2B to Further Expand Its Metaverse Ambitions
Epic Games announced it’s doubled the amount of cash it raised last year to kick off its metaverse ambitions. Now the company, which owns Unreal Engine and popular battle royale shooter Fornite, says it’s secured $2 billion to further build out its future metaverse platforms. Nearly a year after its stunning $1 billion raise, Epic has...
Meta Planning Web-based Version of ‘Horizon Worlds’ With Lower Creator Fees Than Its VR Platform
Meta announced earlier this week it would eventually allow creators to sell items on its social VR platform, Horizon Worlds, adding that the company would take around 50% of revenue as its cut. Meta CTO Andrew Bosworth now says however Horizon Worlds is also getting a web-based version at some point which will feature lower creator fees....
Genies Secures $150M Series C to Expand Development on Metaverse Avatars
Genies, a 3D avatar company, announced it’s raised a $150 million Series C investment, something it says will be used to hire more engineering talent and continue development on its non-fungible token (NFT) based “avatar universe.” The round was led by private equity firm Silver Lake, and includes participation from existing investors BOND, NEA, and Tamarack...
Meta Plans to Take Nearly 50% of Creator’s Earnings in ‘Horizon Worlds’
This week Meta announced that it was beginning to test selling tools so that creators can sell things inside of Horizon Worlds and earn real money. Now the company has offered up more detail about how that will work, including the fees creators will pay on earnings made through the platform. Meta says the goal of its...
Meta Begins Testing Selling Tools in ‘Horizon Worlds’ With the Long Term Goal of Enabling People to “earn a living”
Meta announced today it is enabling new in-world monetization tools for a “handful” of creators in Horizon Worlds. The tools will allow them to sell access to items and experiences inside of the app. Eventually, Meta says, it hopes people can “earn a living” in the metaverse. Horizon Worlds is Meta’s social VR platform built around...
Meta Cancels F8 Developer Conference This Year to “build the metaverse”
Meta is again cancelling its F8 developer conference this year. Meta skipped F8 in 2020 and 2021 explicitly due to the COVID-19 pandemic, however this year the company says it’s taking a pause to work on the metaverse. “Similar to years past, we are taking a brief break in programming and will not hold F8 in...
The Metaverse Saved My Life, Now I’m Using it to Save Others
I’ve spent over 10,000 hours in ‘the metaverse’—or at least the proto-metaverse—virtual worlds inhabited by real people represented as avatars. The experiences and relationships I had there saved me from a dark place and set me on a mission to do the same for others. Guest Article by Noah Robinson Noah is founder and CEO...
Meta is Nudging VR Devs Towards ‘Horizon Worlds’ with Training, Funding & More
Meta today announced it’s expanding the company’s VR developer programs to include training on how to build games and experiences inside Horizon Worlds, Meta’s growing social VR platform. Devs can also nab some cash too—a strong incentive to help Meta build out its fledgling metaverse. “Today, we’re inviting you to further unleash your imagination, expand your...
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