Odaily News GMGN data shows that the VR Metaverse game concept Meme coin VERSE (Verse World) has a market capitalization exceeding 900 million USD, currently reported at 920 million USD. In addition, Moonshot has just announced the launch of the VERSE Token. According to reports, Verse World is a technology company based in Dubai, focusing on Web3, spatial computing, and immersive Metaverse experiences. Previously in 2024, the company announced a partnership with the digital entertainment and media platform Azerion, which will provide monetization services and gaming content within Verse World. This collaboration has raised Verse's valuation to 180 million dollars. Strategic shareholders of Verse include the asset management group Lydian.

Meta Platforms is working with Anduriel Industries to develop new products for the U.S. military, including an artificial intelligence headset with virtual and augmented reality capabilities. Anduriel said they are working with Meta to design, build and deploy a range of integrated XR products that will improve warfighter perception and intuitive control of autonomous platforms. Anduril's co-founder, Palmer Lecki, is the co-founder of Oculus VR, which was sold to Meta in 2014.

Meta Platforms (META.O) is laying off employees in its Reality Labs division, with more than 100 people affected, primarily from the Quest headset and hardware operations staff. The layoffs aim to streamline internal team operations; Meta has confirmed the layoffs but did not disclose the specific number. The company stated that the Oculus studio team is undergoing structural and role adjustments.

Jinshi data January 2 news, Dianlian Technology January 2 on the investor interaction platform said that the company's RF connectors, antennas, board-to-board connectors, wire-to-board connectors, FPC connectors, ultra-fine coaxial cables, flexible circuits, RF patches, and electromagnetic shielding components can be applied to notebooks, tablets, drones, Bluetooth headsets, smart wearables, VR, AR and other fields.

Meta's metaverse business Reality Labs posted a third-quarter operating loss of $4.43 billion, slightly less than analysts' expectations of $4.68 billion, but still a loss of several billion dollars per quarter. Reality Labs relies on the sale of Meta's Quest VR headsets and Ray-Ban Meta smart glasses for profit, with third-quarter revenue of $270 million, below expectations. Since 2014, Meta's cumulative operating loss in the VR field has exceeded $58 billion.

Recently, Shiwei Technology, a subsidiary of Wangda Software, and Zhejiang Fangchang Kemao Network Technology Co., Ltd. reached an exclusive strategic development cooperation intention, and hired overseas education expert Miao Renjun as a special consultant to jointly strive to expand the international MetaverseVR education market such as Japan. Zhejiang Fangchang Kemao Network Technology Co., Ltd. is the exclusive domestic operating company of POPER Co., Ltd., a listed company on the GROWTH MARKET of the Tokyo Stock Exchange. This cooperation marks the successful landing of Shiwei Technology's technology products in Japan, and focuses on using the magic tower Metaverse conference system to create fist products in combination with the Japanese education and training field.

Golden Ten Data on March 5, Zhuosheng Micro said on the interactive platform that at present, the company's RF front-end chips and modules, WiFi connection modules, Bluetooth front-end modules and other products can be used in smart wearables, smart homes, Bluetooth headsets, VR/AR equipment and other fields.

Odaily Planet Daily News ETH Square Metaverse Game Decentraland announced the desktop client release plan, which is expected to explore VR functionality and bring visual upgrades, improved performance, and new mechanisms for users. It is reported that the Decentraland desktop client will be released on October 22.

On September 4th, Jinshi Data announced the official launch of a series of new XR headsets and smart accessories. Among them, the Lotus New Generation Spatial Ring L-Ring2 is equipped with Spatial Algorithm and AI chips, which can accurately recognize user gestures and provide smooth and natural interactive experience, as well as AI functions such as voice interaction, simultaneous interpretation, mind map generation, and meeting record. At the same time, Lotus Technology also released new XR products such as Starlight Night Vision AR Glasses and Visual-Z Leg-mounted VR Glasses.

Ultiverse announced the development of an AI-native game engine, targeting NPC, scene production, and content generation, providing various AI graphics, animation, music, and other capabilities to help developers improve content generation efficiency. Ultiverse is an AI-based metaverse VR game platform, currently supporting integration of over 300 games and around 10,000 content creators.

On November 22, WMDC2023's first Metaverse Developer Conference was held in Shanghai. With the theme of "A New Era of Spatial Computing", the conference focused on technological breakthroughs related to spatial computing and the application changes triggered by the metaverse. The event was guided by the Shanghai Municipal Commission of Economy and Information Technology and the Huangpu District People's Government, and co-sponsored by the Huangpu District Science and Technology Commission, Huangpu District Science and Technology Innovation Group and Taibo.com. Nearly 300 people from experts in the field of metaverse and spatial computing, representatives of the industrial chain, domestic and foreign institutes, representatives of local government departments and developers gathered to discuss the development and application innovation of metaverse-related technologies such as 3D engines, VR/AR/XR, digital twins, and real-life 3D.

Metaverse platform Decentraland announced that Decentraland 2.0 is now live. The new Desktop client version is available on Mac and Windows, with new features including improved performance, virtual environments, badges, tasks, and mini-games. It also expands into VR, mobile devices, and other fields.

Hong Kong enterprises are lagging behind in emerging technologies, but 85% of them plan to or have already adopted artificial intelligence, a proportion close to 93% in other regions of Asia. The survey also found that 21% of the surveyed Hong Kong enterprises have developed in the areas of blockchain, Smart Contract, and GameFi.

Odaily Planet Daily News Meta's metaverse entity Reality Labs, which focuses on augmented reality and virtual reality (AR and VR) products and services, has been asked to cut expenses in the coming years, according to The Information. The organization has been asked to reduce spending by 20% from now until 2026, with most of the cost reductions expected to take place this year. (Fortune)

PANews reported on March 8 that the General Office of the Shanghai Municipal People's Government today issued the "Implementation Plan for Promoting the Quality and Expansion of Service Consumption in the City". Among them, the part of promoting the transformation and upgrading of information consumption infrastructure mentions that the construction of a new generation of information infrastructure represented by AI, 5G, and blockchain will be accelerated. Establish a platform for the supervision of the whole life cycle of the city's data centers, and carry out evaluation and evaluation of the efficiency of computing power use on a pilot basis. The part on promoting the R&D of information service consumer products mentions that enterprises are encouraged to increase R&D investment in the fields of "5G+", "VR+", "AI+" and "Beidou+", and create integrated demonstration application scenarios such as artificial intelligence models, metaverses, and blockchains. Focus on cultural tourism consumption, vocational training, medical health and other fields, promote the establishment of a number of benchmark demonstration scenarios, and form a number of metaverse applications. Support the construction of demonstration application scenarios in the fields of intelligent education and teaching, autonomous driving, etc