Lucrative for luxury: Metaverse could untap $50bn for brands by 2030 November 16, 2021 Opening the door to the Metaverse to meet the growing digital demand for luxury goods will present brands with a $50bn revenue opportunity within the decade, according to a new analysis by Morgan Stanley. In projections that are slightly difficult to compute right now, considering revenue streams for digital mediums for luxury brands are currently [...]
Microsoft announces its own metaverse November 2, 2021 Microsoft has said that in the first half of next year, users of its Teams collaboration software would be able to appear as avatars in video meetings, signalling a shift to the metaverse.
Hello Meta: Zuckerberg announces Facebook’s new name October 28, 2021 Facebook’s chief executive Mark Zuckerberg announced in his keynote address that the company starting today will be called Meta. “Facebook is one of the most used products in the history of the world and it’s an iconic social media brand but increasingly it just doesn’t encompass everything that we do,” Zuckerberg said. “I want to [...]