Metaverse

Disney shutters its virtual reality division amidst a “metaverse winter”

Meta and Amazon on Thursday blew through expectations in their latest quarterly results as Big Tech continued to impress Wall Street.

Meta, the tech titan behind Facebook and Instagram, reported a profit of $14 billion in the final three months of last year, beating analyst forecasts as revenue climbed to $40.1 billion in the quarter.

Seven years ago the mobile game "Pokemon Go" took the world by storm, and now its creators are aiming to infuse the same "real-world" appeal into their new basketball game.

While players of "Pokemon Go" were guided by their mobile phones to real-world locations to collect magical creatures, "NBA All-World" allows players to challenge each other to games in the street.

The NFT Biennial will be held for the first time in the world at Zorlu PSM in Istanbul, bringing the art world and the digital world together in nine different locations around the world between January and February.

Yıldız Technical University (YTÜ) has become the first university to provide education on the metaverse in its virtual world, "Starverse."

The virtual reality supported metaverse platform "YTÜ Starverse" was developed by faculty members and students at the university.

Türkiye is living a "metaverse winter" as the thrill of buying lands on the metaverse has passed, experts have said.

"Those who saw the metaverse as an investment tool and were affected by the rapid depreciation of the market lost their faith in it," said Levent Eraslan, the head of the Social Media and Digital Security Research Center (SODİMER).

Click and gape at the Vatican's Sistine Chapel ceiling up close. Click again and join thousands of pilgrims praying and circling around the cube-shaped Kaaba at Islam's most sacred site. Or strap on a headset and enter the holy city of Jerusalem.

Only 16 percent of self-identified gamers who didn’t play any of the proto-metaverse titles

The nosedive in cryptocurrencies has hit the metaverse as the value of a virtual land parcel in Istanbul has decreased by 70 percent on metaverse platforms.

In OVR, a metaverse platform where some 1.6 trillion parcels of global lands are on sale, an average parcel price in Istanbul was around 200 Turkish Liras ($12.40). Today, it is around 60 liras ($3.73).

Visiting the Ka'aba can be performed on the metaverse, but it will not be considered as a "real hajj," the Turkish Presidency of Religious Affairs (Diyanet) has said following a month-long discussion.