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Virtual Real Estate Commands Real Money In Metaverse

Virtual Real Estate Commands Real Money In Metaverse

Two things we can’t stop talking about: the company formerly known as Facebook and the Metaverse. AI and machine learning are feeling left out. Meta Metaverse, Crypto, and NFTs that won’t stop dominating the tech news now. The hype train just left for crazytown sur la mer, playing this week at Art Baisel in Miami. If you don’t know, now you know.

Meta’s Quest 2 just released new software updates, just in time for Chirstmas. Users can now sync smartphones (iPhone X), to create a mixed reality view of the user inside the game. Cross-platform communication with Messenger, multi-user app sharing, cloud backup, and Horizon workrooms. How do you spend ten billion dollars a year? By checking off everything on the product roadmap

Investors Snap Up Metaverse Real Estate in a Virtual Land Boom. From the NY Times Business. Real estate in the metaverse is going fast, even though there’s unlimited supply no one knows which platforms will survive. Is that a bubble? We’ll soon find out. Metaverse Group has virtual headquarters in a world called Decentraland in Crypto Valley. The Toronto virtual real estate division of the real real estate investment trust plans to build a portfolio of properties in Decentraland, Somnium Space, Sandbox and Upland. “It’s inevitable that the metaverse will be the No. 1 social network in the world,” said a virtual real estate investor who has never heard of Second Life. 

Dreamscape Immersive and Zoe Immersive Partner to Simplify 3D Creation Dreamscape Immersive, which is in location-based entertainment, education and defense contracting, and Zoe Immersive, which a VR creation tool that enables low skilled users to create VR environments, announced a deal to use Zoe’s tools  to enable Dreamscape Learn users to create their own virtual spaces like VR classrooms. 

‘MissionX’ Arena-Scale VR Laser Tag Out Now On App Lab. This arena-scale free-roam VR experience that turns any open space into any kind of play space with five virtual laser tag arenas Up to 10 players can compete in spaces as big as 32’x65’. 

This Week in XR is now a podcast hosted by Viacom/CBS’ Futurist Ted Schilowitz and Charlie Fink, the author of this weekly column. You can find it on podcasting platforms Spotify, iTunesand YouTube.

What We’e Reading

6 Lessons on the Future of the Metaverse From the Creator of Second Life (Andrew Show/Yahoo)

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