A U.S. judge rejected Meta Platform’s bid to dismiss a lawsuit by billionaire Australian mining tycoon Andrew Forrest. The lawsuit revolves around a series of deceptive Facebook ads featuring Forrest endorsing fake crypto projects and other fraudulent investments. Forrest is…

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Reality Labs, Meta’s subsidiary focused on developing the metaverse, recorded an operating loss of $4.65 billion in the last quarter of 2023. Meta keeps doubling down on its bet on the metaverse as its expenses to develop virtual reality hit…

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• Metaverse gaming market is poised to surge from $14.2B in 2023 to $168.4.21B in 2030.
• Driven by AR, VR, and blockchain, this technological revolution is reshaping the gaming experience.
• The projected growth unleashes economic opportunities, with virtual assets, currencies, and services gaining real-world value.

The metaverse gaming market denotes a virtual space where players engage in real-time interactions, bridging the gap between physical and digital realms. Fueled by technological advancements such as augmented reality and blockchain, the metaverse in gaming has already transformed the landscape of interactive digital experiences. 

According to CoinJournal.net, the global metaverse gaming market is set to experience a significant change, with projections indicating a substantial leap from $14.2 billion in 2023 to a staggering $168.4 billion by 2030.

This astronomical growth represents a surge of 1085.92%, ushering in a new era for the digital gaming landscape.

Several factors contribute to the remarkable growth anticipated in the metaverse gaming market. First and foremost is the rapid advancement of technology, including augmented reality (AR) and virtual reality (VR). These technologies are creating immersive gaming experiences that go beyond traditional boundaries, enticing players into expansive virtual worlds.

The shift in consumer behavior is another significant driver of the metaverse’s expansion. Gamers are increasingly seeking more than just isolated gaming experiences; they crave interconnected universes where they can socialize, create, and explore. The metaverse offers an answer to these demands, providing a holistic environment where players can engage with a multitude of activities beyond gaming.

Apart from changing the gaming landscape, the metaverse is also presenting lucrative economic opportunities. Virtual economies within these digital realms allow for the creation and exchange of virtual assets, introducing new avenues for revenue generation. From virtual real estate to in-game currencies, the metaverse is becoming a thriving marketplace where users can buy, sell, and trade digital goods.

Max Coupland, the director of CoinJournal says: “This projected expansion of the global metaverse gaming market serves as a testament to the dynamic evolution of the gaming industry. As technology advances and consumer expectations undergo transformative shifts, the metaverse is poised to seamlessly integrate into the gaming experience. Developers, investors, and gamers should closely monitor this trend, recognizing its vast potential to shape the future of interactive entertainment. The metaverse is not merely a conceptual frontier; it is a rapidly unfolding reality that is redefining how we play, connect, and explore in the digital age.”

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Crypto.news spoke with David Shrier, the author of the book ‘Basic Metaverse,’ about the future of the virtual world.

The post ‘Metaverse technology is still immature, but in 30 years, everyone will use it’ appeared first on CryptoSens.

Uncover how major tech companies are exploring the cryptocurrency frontier. From patents to partnerships, delve into the unique approaches and initiatives leading the tech-crypto integration narrative.

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The social media giant launches a new teaching program in the US, anticipating growing momentum for VR education tools in Europe. Meta, the parent company of Facebook and Instagram, is launching a new program for teachers in the US to…

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Thailand has warned Facebook of a potential shutdown due to the rise in crypto scams and misleading ads on the platform. The Minister of Digital Economy and Society (DES), Mr. Chaiwut Thanakmanusorn, is taking action against fraudulent activities on Facebook.…

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Meta’s Reality Labs division recorded a $3.7 billion operating loss in Q2 this year, yet the social media giant remains fully committed to metaverse development.

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Threads, Meta’s newly launched microblogging app, has become a target for scammers who are wasting no time in their attempts to deceive users. The platform has already drawn the attention of several influential Crypto Twitter users, who are sounding the alarm about imposter accounts lurking on Threads.

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David Marcus, an executive whose past stints include working at Meta and PayPal is now building a payment solution that leverages the Bitcoin Lightning Network (LN)

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