A new report warns that tobacco and vape companies are exploiting the metaverse to target young people through digital tokens and game sponsorships.

Participants are paid Rs 590 (1,000 Japanese yen) just for 100 seconds of brainwave scanning by the firm.

Bitget plans to educate over 3,00,000 individuals across eight countries, including India, Brazil, Malaysia, and Morocco among others, in partnership with UNICEF Luxembourg . "Bitget Academy", the educational arm of exchange, will create a training module teaching how to create video games using the blockchain technology. 

The TRN Odyssey initiative will fund promising Web3 gaming projects that are built on the TRN Layer-1 blockchain. Developers can fetch investments between $10,000 (roughly Rs. 8.5 lakh) and $1 million (roughly Rs. 8 crore) through this initiative.  

Grand Theft Auto 6 could potentially feature custom and modifiable game environments, cosmetic items and assets, bringing external intellectual property within the game. Developer Rockstar Games has reportedly had contact with Fortnite and Roblox creators and could allow them to add custom items, assets and experiences to GTA 6.

Reality Labs logged a loss of $4.97 billion (roughly Rs. 43,040 crore) in Q4, 2024. In an attempt to explain losses for Reality Labs, Meta CEO Mark Zuckerberg said, “generative AI, Reality Labs generally are more technical organisations which means higher cost and space being relative for their business functions.”

China plans to work on new database solutions that would be supported on blockchain networks, it said in the guidelines. These solutions are expected to bring multi-centralisation and reliable consensus in an unalterable and easily traceable way to the table.  

Jeju Island authorities reportedly plan to boost tourism by integrating NFT technology into their strategy. A report stated that, starting in 2025, the island would introduce digital visitor cards backed by NFTs that could offer holders exclusive benefits.

Meta has released an AI model called Meta Motivo. The model, that can control the body movements of digital avatars, is expected to make the overall metaverse experience better.

EY has launched a service called eVe that essentially offers a warm-up pre-interview preparation for candidates applying for a job at the company. People can ask eVe about EY’s compensation benefits, pension plans, and other related follow-up questions. 

JPMorgan has rebranded its blockchain unit, originally known as ‘Onyx,’ to ‘Kinexys,’ reflecting its strategic vision for Web3 adoption. The rebranding introduces a suite of new financial products and services, placing blockchain technology at the core of its offerings.

Alibaba is slashing dozens of jobs from its metaverse division, as per a report by the South China Morning Post (SCMP). The report suggests that the job cuts from Alibaba’s Yuanjing unit are impacting teams in Shanghai and Hangzhou.

Meta CEO Mark Zuckerberg said the company will ramp up heavy investments in AI and other futuristic technologies. The Meta executive has warned investors that the firm will continue to spend significantly on infrastructure and other projects like the metaverse and AI-powered glasses.

Ahead of the Binance Blockchain Week scheduled to be held in Dubai this week, company CMO Rachel Conlan talked to Gadgets360 about the exchange’s areas of focus in terms of its marketing dos and don'ts as the firm expands its businesses globally. 

In a recent demo of Hyperscape, Zuckerberg described it as “pretty wild.” He explained, "We're working to bring photorealistic avatars and environments into the metaverse. This is Hyperscape. With your phone, you can scan a room and recreate it in the metaverse."

Lamborghini is set to launch its supercars into metaverse gaming ecosystems. Its upcoming Web3 platform Fast ForWorld will work with Motorverse, a global ecosystem and community for digital vehicles, racing games, and motorsport culture created by Animoca Brands.

Buoyed by a record-high Meta Platforms Inc. share price, Zuckerberg’s net worth has climbed almost sixfold in less than two years to $201 billion (roughly Rs. 16,86,617 crore), the first time he’s exceeded the $200 billion mark (roughly Rs. 16,78,226 crore), according to the Bloomberg Billionaires Index. He’s moved to fourth place on the list of the world’s 50...

Samsung has teamed up with Illuvium to introduce Web3 bundles for its televisions, targeting a new generation of customers. The partnership seeks to redefine the traditional television experience, transforming it from a passive viewing device into a dynamic showcase for digital collectibles.

The Apple Vision Pro is the newest tool for Australians to access three-dimensional, immersive online environments, also known as the metaverse. Released in Australia this month, it allows users to take a virtual walk in the savanna from their homes.

Dubai Customs announced the launch of this blockchain platform on July 8, calling it a tool to offer secure, efficient, smart economic plans, and tech-driven logistics initiatives to business ecosystems.

Meta is looking to hire employees to expand its foray in the generative AI space, as part of its metaverse team. As per a new job listing, could integrate GenAI with its metaverse-related efforts, including virtual reality (VR), augmented reality (AR), and mixed reality (MR) elements – that together make for components of the metaverse

Meta has reportedly divided its Reality Labs team into two separate entities where one team will work on the metaverse-focussed Quest headsets whereas the other will dedicate its time on hardware wearables.

Metaverse in Healthcare market share is set to reach 7.16 billion in 2030, according to an InsightAce Analytica report that claims virtual ecosystems will also make remote consultations with doctors more effective, especially for those undergoing at-home care. In addition, the technology will let medical students experience sensitive procedures through more visual det...

Mai Labs recently launched Mayaaverse, a metaverse platform that aims to set itself apart from Meta’s Reality Labs initiative. Gadgets360 spoke with Ashish Minocha, the Chief Business Officer as well as Khoushik Ananth, the Chief Technology Officer of Mai Labs to discuss the potential of the Web3 sector and metaverse platforms.