Designing Immersive Environments for Metaverse Event Attendees
The metaverse concept has transformed from a futuristic vision into an evolving reality, with event organizers leveraging digital spaces to create immersive experiences. Designing environments that captivate and engage metaverse event attendees requires a deep understanding of technology, psychology, and interaction design, from virtual concerts and conferences to large-scale gaming events. This article discusses the […]
Cross-Metaverse Commerce: Interoperability and Standards
As the metaverse grows into a bustling digital space, the development of commerce within these virtual worlds is gaining momentum. Users can buy, sell, and trade digital goods such as NFTs (non-fungible tokens), virtual real estate, and avatar enhancements. However, with multiple metaverse platforms in existence, the question of interoperability, how different platforms communicate and […]
Mauritius FSC Seeks Expert, Public Advice on Metaverse
The Financial Services Commission (FSC) of Mauritius initiated communication with industry stakeholders and the general public concerning incorporating the metaverse into the financial services sector. A recent consultation document, “Reshaping the financial services sector,” revealed that the FSC Mauritius devoted the entire month of November to gathering feedback on the strategic developments and consequences of […]
Epic Games Announces Layoffs of 830 Employees
“Spending way more than we earn” — CEO Tim Sweeney attributed layoffs to major structural changes in the company’s economics. Epic Games, the developer of Fortnite, has slashed 16% of its workforce, or approximately 830 employees, due to spending “way more” money than it was generating due to unrealistic expectations of metaverse-inspired revenue. In a […]
China Plans to Extend its Social Credit System to Metaverse
According to proposals to a United Nations committee, China wants digital IDs and real-world punishments for Metaverse-related actions. Reportedly, China plans to implement a system similar to its social credit system in the Metaverse and other online virtual worlds. According to documents viewed by POLITICO and reported on August 20, the state-owned telecommunications company China […]