Tag Archives: Metaverse

This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it sent directly to your inbox every Wednesday by 4 p.m. ET. Subscribe Wednesday, February 9, 2022 Facebook parent Meta is making a risky bet on the metaverse The hits keep coming for Facebook parent company Meta (FB). After a devastating earnings report last week, the company’s stock price has fallen off a cliff. On Tuesday the precipitous drop pushed Meta’s… Source link

John Lennon’s son, Julian, is turning items from his personal collection of Beatles memorabilia into NFTs, or non-fungible tokens, that are being sold at auction. The items, which are each one of a kind, include the coat John Lennon wore in the “Magical Mystery Tour” film and three Gibson guitars the music legend gifted his son. The centerpiece of the “Lennon Connection” auction are notes written by Paul McCartney for the song “Hey Jude,” which was originally titled “Hey… Source link

Aspirational visions of the metaverse peppered discussion at this week’s Consumer Electronics Show in Las Vegas, where companies showed off products like a $270 body-tracking suit and an accessory that mimics heat and cold. The conference demonstrates the rush of industry momentum behind the metaverse, an immersive online experience across tech platforms that has become a key focus of Facebook (FB), renamed Meta in October. By now, all the tech giants are investing in the metaverse, Axios… Source link

Adobe (ADBE) will be a major winner from the build out of the metaverse, says one widely followed Wall Street analyst. “Adobe is the best software play for the metaverse — its creative tools will enable the next generation of the internet,” said Jefferies tech analyst Brent Thill in a new research note Thursday.  Thill reiterated a Buy rating and $680 price target on Adobe. Shares of Adobe were relatively unchanged in pre-market trading Thursday. It closed down 7% at $514.43 on… Source link

The metaverse will be disruptive to society once it gains its true form over the next decade Jefferies analyst Simon Powell argues. But several companies could be poised to benefit greatly from the new digital ecosystem.  “A single metaverse could be more than a decade away, but as it evolves it has the potential to disrupt almost everything in human life that has not yet already been disrupted,” said Powell in a lengthy research note on Monday titled “The Digitization of Everything.”  “The… Source link

Facebook CEO Mark Zuckerberg announces the company’s future plans for the metaverse during the company’s Connect keynote. (Image: Facebook) This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it sent directly to your inbox every Wednesday by 4 p.m. ET. Subscribe Wednesday, December 1, 2021 Big Tech wants to sell you on the metaverse, but don’t hold your breath If there’s one buzzword the tech world couldn’t stop… Source link

Facebook CEO Mark Zuckerberg shows off his vision for the metaverse during Facebook’s Oculus Connect conference on October 28, 2021.Facebook/Handout via REUTERS The so-called metaverse could give us our own virtual echo chambers and tailored realities. Advertisers and third parties could inject someone’s virtual world with ads and overlays unique to them. Experts told Insider the result could be a fractured reality where we all exist in different worlds. In the metaverse of the future, two… Source link

The company whose chips power Facebook’s Oculus virtual-reality headset has already tapped into the metaverse opportunity. Now Qualcomm’s CEO says glasses could eventually be as widespread as smartphones.  Qualcomm CEO Cristiano Amon knows smartphones well. The company’s main business is providing semiconductors for those devices. As Apple turns toward manufacturing its own chips for its phones, Qualcomm has been working on diversifying its revenue into products and services for the… Source link

The metaverse has seemingly just begun to be built, and one tech industry giant says it will surpass the physical world. Ever since Facebook renamed itself Meta, talk of the metaverse has been everywhere. But companies like Nvidia have already been working on their own virtual worlds. And founder and CEO Jensen Huang has an expansive vision for the technology, and Nvidia’s place in it. “It is a 3D extension of the internet that is going to be much, much bigger than the 3D physical world… Source link

With major tech players like Facebook (FB) and Microsoft (MSFT) staking their claims to the metaverse, its technology has seen a meteoric rise into the mainstream consciousness. According to Kraken CEO Jesse Powell, the advent of metaverse platforms could have significant implications for cryptocurrencies, NFTs, gaming, and more. Powell likened the metaverse to existing virtual universes found in popular online video games such as Second Life, World of Warcraft, and Runescape. “People grew… Source link