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Headset competition heats up due to Apple’s arrival
Apple launched an augmented reality (AR) headset last month, marking a shift forward in the technology that could help bring the realization of the metaverse a step closer. Apple’s Vision Pro headset – the brand’s first new product launch in over a decade – is being billed as a “spatial computer” that “lets users interact with…
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The GCC region needs $8bn in capital investment for the Web3 climate infrastructure
The GCC region requires about $8 billion capital infusion to develop Web3 climate infrastructure such as climate asset certification, waste management marketplaces, and decentralized funds to attract innovators needed to develop the digital asset space on a war footing to tackle the fast-rising instances of climate change induced disasters, an industry expert said. Dubai, currently…
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The Metaverse sector can reduce Greenhouse Gas Emissions in the US
For many technology enthusiasts, the metaverse – a virtual 3D environment in which the physical and digital worlds converge – has the potential to transform almost every facet of human life, from work to education to entertainment. New Cornell research shows the metaverse could have environmental benefits, too: lowering the global surface temperature by up…
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Saudi Arabia ranks first in the ‘government strategy’ sector on AI Global Index
Saudi Arabia has been ranked first globally in the “government strategy” sector of a recently published artificial intelligence report, which evaluates more than 60 countries in the world, the Saudi Press Agency reported on Saturday. The Global AI Index, one of the indicators of the international classification of artificial intelligence issued by UK-based news website…
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A study conducted by Nokia and EY shows how the metaverse can impact the supply chain
A new study sanctioned by Nokia and Ernst & Young (‘EY’) indicates that the metaverse is having a significant impact on the supply chain. According to the report published Monday, the industrial metaverse and enterprise metaverse segments of the industry have made significant progress despite the actions taken by some of the leading players like…
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Study shows how the metaverse will help the lower greenhouse gas emissions
A recent study suggests that the metaverse, a virtual 3D environment where the physical and digital worlds merge, has the potential to contribute to the reduction of global surface temperatures by up to 0.02 degrees Celsius by the end of the century. Published in the journal Energy & Environmental Science, the study highlights the metaverse’s…
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How will VR, XR, and Web3 enrich the tourism industry?
The metaverse could enrich the tourism experience in countless unprecedented, innovative ways—but which use cases have the most potential, and which are still deemed risky? Early adopters have already started experimenting, and several trends have emerged. Virtual elements can be layered onto an established business: Other virtual platforms allow visitors to explore major global landmarks,…
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Deloitte and Meta’s study shows the economic impact of the metaverse on the MENA region
Emerging metaverse technologies are unveiling a range of potential benefits, from enhancing individuals’ lives and experiences as well as streamlining business operations, for example, through the use of digital twins. Metaverse technologies could be used to attend virtual concerts, access education, and healthcare, or even visit virtual shopping malls, making these technologies particularly relevant to…
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A study has shown that virtual workspaces have a positive impact on productivity
Virtual platform Rethinkly has been used to speak to people about anxiety and its impact on productivity – and 26% of respondents said they harbor all workplace tension and find confrontation too difficult. The survey showed 35% of workers admit they are unable to fulfil any kind of public delivery such as presentations and client…
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A new survey shows that almost 50% of Millennials in major countries own crypto
A new survey suggests that 46% of millennials across major population countries, such as the United States, China, Japan, Germany, Indonesia, and Nigeria, own cryptocurrencies. The study, conducted between July 2022 and January 2023 and published on April 28 by cryptocurrency exchange Bitget, featured approximately 255,000 adult respondents from 26 countries, with around 10,000 respondents…
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- How the healthcare sector can benefit from the Metaverse
- The sports industry can benefit from the emerging metaverse space
- Deutsche Bank aims to enter the metaverse and engage with customers virtually
- The UAE is launching Arabic AI software