As with any new technological development, the future of immersive digital worlds is still an open question. However, luxury fashion houses are funneling millions into the metaverse. But to what end?
A selfie in the $10 billion metaverse, taken by Mark Zuckerberg during the launch of Horizon Worlds in France and Spain, was mocked by Twitter users for the graphics.
Slow user adoption, driven in part by expensive hardware requirements and glitchy technology, as well as deteriorating economic conditions, has forced Disney and Microsoft to shut down their Metaverse projects.
Hong Kong university is set to inaugurate a mixed reality classroom within the Metaverse. The university intends to create a learning environment that virtually unites the two campuses—in Hong Kong and Guangzhou—by constructing MetaHKUST.
The Fiat Metaverse Store, unveiled in January at CES, was developed in collaboration with Microsoft and software firm Touchcast, which uses AI and ChatGPT to sell cars in the metaverse.
During its 2023 Davos conference, the World Economic Forum will host a press conference on its “Building The Metaverse Initiative,” and release key “studies” and details about its efforts to further facilitate what appears to amount to a global surveillance network, according to documents reviewed by The Dossier.
