Mai Labs Unveils Metaverse Platform Mayaaverse, VR Headset Lumyn XR in India: Details

Mai Labs Unveils Metaverse Platform Mayaaverse, VR Headset Lumyn XR in India: Details

Betting big on the future of advanced human-computer relation, Grand Cayman -headquartered Web3 firm Mai Labs launched its metaverse platform called ‘Mayaaverse’ in India on Wednesday, May 22. The company, in a launch event hosted in Delhi, also unveiled the Lumyn XR, which is a virtual reality (VR) headset for…

IIT-Madras Begins Draft Work on ‘Metaverse India Policy and Standards’ with Industry Veterans

IIT-Madras Begins Draft Work on ‘Metaverse India Policy and Standards’ with Industry Veterans

The metaverse market, that is expected to grow at an annual rate of 37.7 percent in the next six years, is estimated to reach the valuation of $74.4 billion (roughly Rs. 6,20,918 crore) by the end of 2024. Gearing up to withstand the force of advancements in Web3, IIT Madras…

Samsung Partners With Wilder World Metaverse Game, Will Offer NFT Rewards as Part of Web3 TV Bundle

Samsung Partners With Wilder World Metaverse Game, Will Offer NFT Rewards as Part of Web3 TV Bundle

Samsung, the South Korean tech giant, has been taking small steps to engage with Web3 without directly exposing its massive user base to volatile digital assets. In a fresh development, Samsung has announced a partnership with metaverse game Wilder World. Through this partnership, Wilder World will provide NFT rewards to…

Meta Records 16 Percent Uptick in 2023 Annual Revenue, Metaverse Unit Still Under Loss

Meta Records 16 Percent Uptick in 2023 Annual Revenue, Metaverse Unit Still Under Loss

Mark Zuckerberg, the chief of Meta (previously Facebook) recently disclosed revenue details about the company’s last quarter. Meta clocked a revenue of $40.1 billion (roughly Rs. 3,34,416 crore) between September and December. In total, the social media and Web3 mammoth managed to reel-in $134.9 billion (roughly Rs. 11,25,119 crore) in the…

India’s Diverse Bazaars to Democratise with Metaverse, Says BWA Chief; Hails Reliance and Nykaa

India’s Diverse Bazaars to Democratise with Metaverse, Says BWA Chief; Hails Reliance and Nykaa

The metaverse technology seems to have a bright future in India, use cases of which are being foreseen in plenty by experts from the industry. In a recent conversation with Gadgets360, Dilip Chenoy, the chairperson of Bharat Web3 Association highlighted a special industrial use case of the metaverse. Chenoy said,…

IIT-Madras Begins Draft Work on ‘Metaverse India Policy and Standards’ with Industry Veterans

Metaverse in Healthcare Market Size Estimated to Reach Nearly $500 Billion by 2033: Report

Metaverse, the virtual universe created by Facebook parent Meta, is yet to take off but the technology is seemingly carving a niche in sensitive sectors like education and healthcare. The global metaverse healthcare market is projected to reach a valuation of nearly $500 billion (roughly Rs. 41,44,020 crore) by 2033….

Mumbaikars Will Soon be Able to Check City Development Status Through Metaverse

Mumbaikars Will Soon be Able to Check City Development Status Through Metaverse

In the otherwise crypto-sceptic India, some Web3 sectors are making government-authorised inroads into people’s day-to-day lives. Metaverse, for instance, is one such Web3 technology. In a recent development, Devendra Fadnavis, the deputy chief minister of Maharashtra unveiled the ‘Mumbai Metropolis Metaverse’. This blockchain-based virtual portal will enable the estimated population…

Exploring Integration of Neurological AI with Technologies Like Web3, QX Lab AI Co-Founder Says

Exploring Integration of Neurological AI with Technologies Like Web3, QX Lab AI Co-Founder Says

QX Lab AI is attempting to take on offerings like Gemini and ChatGPT from tech giants like Google and OpenAI by integrating new functionality into its own AI service. Created by three Indian founders, this AI startup recently unveiled its generative AI platform named ‘Ask Qx’. What differentiates this platform…

Apple’s Vision Pro Headset to Get First Metaverse App with ‘Ultra Realistic Graphics’

Apple’s Vision Pro Headset to Get First Metaverse App with ‘Ultra Realistic Graphics’

By the second quarter of this year, Apple’s Vision Pro headset is likely to get its first metaverse app. Victoria VR, a firm that works on projects related to web3 and virtual reality is developing this app for the Vision Pro. As per the initial announcement disclosed over the weekend,…