Tencent Said to Form ‘Extended Reality’ Unit, Steps Into Metaverse World

China’s Tencent announced to its staff on Monday the official formation of an ‘extended reality’ (XR) unit, three people familiar with the matter said, formally placing its bets on the metaverse concept of virtual worlds. The unit is tasked with building up the extended reality business for Tencent including both software and hardware, the sources … Read more

PS5 to Overtake PS4 Install Base in Year 4, as Sony Eyes More PC and Mobile PlayStation Titles

Sony said it plans to ramp up production of its PlayStation 5 console as supply chain snarls ease, and signalled a radical broadening of its games portfolio, including more titles on PC and mobile. The PS5, which went on sale in November 2020, undersold its predecessor in its second year due to component shortages which … Read more

Video Game Enthusiast Aleksandr Agapitov Quietly Builds $3 Billion Payments Powerhouse

Aleksandr Agapitov is little known inside video gaming circles, let alone the business world. Yet his company is one of the leading players in the $135 billion (roughly Rs. 10,30,040 crore) video game payments industry, in which gamers spend real money to acquire virtual items. Xsolla, which Agapitov founded in 2005, allows video game producers to sell … Read more

Meta to Charge Creators 47.6 Percent On Digital Asset Sales Made in Horizon Worlds

Facebook parent Meta Platforms will charge creators around 47.5 percent on sales of digital assets and experiences made inside the company’s virtual reality platform Horizon Worlds. The overall charge comprises of 30 percent hardware platform fee for sales made through Meta Quest Store, where it sells apps and games meant for its virtual reality headsets, … Read more

Epic Games Raises $2 Billion From Sony, Lego Parent Company to Build Out Metaverse

Epic Games raised $2 billion (roughly Rs. 15,200 crore) from Sony and the family-owned holding company behind the Lego Group on Monday, valuing the Fortnite creator at $31.5 billion (roughly Rs. 2,39,415 crore). Sony, an existing investor, and the Kirkbi investment company each invested $1 billion (roughly Rs. 7,600 crore), Epic said, with the fundraising to help advance … Read more

HTC is launching an Android-powered “metaverse phone” in April this year | 91mobiles.com

Charles Huang, General Manager, HTC Asia Pacific, told DigiTimes (via WinFuture) that the company will unveil a “metaverse phone” next month. It’s unclear what HTC means by “metaverse phone,” but we suspect it might come with some AR and VR capabilities. The report further suggests that the upcoming “metaverse phone” would be a premium offering, suggesting it could … Read more

Minecraft Goes Web3 With NFT Worlds Blockchain Layer Built by Non-Microsoft Developers

Minecraft, the massively popular sandbox-style game that was acquired by Microsoft in 2014, has received a Web3 update thanks to developers at crypto-gaming project NFT Worlds. It is a project built on third-party Minecraft servers with a Polygon-based overlay and it is on the Ethereum sidechain that offers low gas fees for the users. The … Read more

Bandai Namco Is Working on a Metaverse Project That Bridges Elements From Its Most Popular Games

Bandai Namco, the Japanese video game publishing giant, has now revealed that it is working on a new development project, one that could see characters and settings from Dark Souls, Dragon Ball Z, and Elden Ring all collide in the metaverse, in a bid to allow fans to interact across its different IPs through a … Read more

Bandai Namco Is Working on a Metaverse Project That Bridges Elements From Its Most Popular Games

Bandai Namco, the Japanese video game publishing giant, has now revealed that it is working on a new development project, one that could see characters and settings from Dark Souls, Dragon Ball Z, and Elden Ring all collide in the metaverse, in a bid to allow fans to interact across its different IPs through a … Read more

Ubisoft Partners With The Sandbox to Bring Rabbids to the Metaverse

Ubisoft is continuing its foray into new frontiers in the Web3 domain, announcing a partnership with metaverse platform The Sandbox, which will see the company bring its notable game franchises into the Ethereum-based game world. Ubisoft will launch its interactive space in The Sandbox with its Rabbids franchise, bringing in blocky recreations of the goofy, … Read more