metaverse

A report by Nokia and EY showed business leaders are confident in the long-term potential of metaverse use cases in the industrial and enterprise sectors, with the UK and US taking an early lead for applications in the workplace.

Prospects for the metaverse were dealt another blow as entertainment giant The Walt Disney Company reportedly eliminated a unit developing the technology, resulting in 50 employees losing their jobs as part of a broader restructure to reduce headcount by around…

Markus Ko, president and CVO of Dimple (pictured) made a case for making the metaverse more accessible for the average person through mobile devices, arguing the current landscape involving expensive hardware made mass adoption difficult.

Metaverse experts argued the potential of the sector goes beyond providing new revenue opportunities, claiming it opened the door to societal benefits by promoting collaboration and allowing people to completely redefine themselves.

MWL UNWRAPPED: Sebastien Borget, COO and co-founder of metaverse company The Sandbox (pictured) outlined his vision for the development of a decentralised approach to the virtual world concept, pushing the need for it to evolve into a more open platform not…

Telefonica highlighted the potential for the metaverse to boost the energy sector through improved customer service, while tipping technologies including digital twins to provide benefits in overall sustainability efforts.

As the metaverse hype went into overdrive in 2022, it didn’t take long for the European Commission (EC) to jostle for position, outlining an attack plan for the segment in which it vowed to ensure “no private player” holds…