NFT News UK
  • Home
  • News
  • Gaming
  • Arts
  • Collectibles
  • Metaverse
No Result
View All Result
NFT News UK
  • Home
  • News
  • Gaming
  • Arts
  • Collectibles
  • Metaverse
No Result
View All Result
NFT News UK
No Result
View All Result
Home Metaverse

Meta’s Metaverse Ambitions Continue with Acquisition of Luxexcel

January 3, 2023
in Metaverse
0
Meta’s Metaverse Ambitions Continue with Acquisition of Luxexcel
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

Regardless of encountering losses within the billions, Meta isn’t giving up on its Metaverse ambition. Final yr, Actuality Labs’ Metaverse division misplaced over $9 billion in its first 9 months. Such losses and the change of path for Meta as an organization have dented investor confidence. And the corporate’s shares have suffered, having dropped 64% prior to now yr. Nonetheless, Mark Zuckerberg isn’t about to surrender on his Metaverse dream. He retains pumping cash into the mission.

The most recent information is the acquisition of Luxexcel, a European firm that offers in 3D-printed prescription lenses. The corporate ought to assist Meta’s digital and augmented actuality (VR/AR) efforts, two core applied sciences for the metaverse.

The deal was initially reported by De Tijd, a Belgian newspaper; nevertheless, the small print of the transaction aren’t recognized. And neither of the 2 corporations concerned has disclosed the numbers.

In a press release, Ryan Moore, the pinnacle of economic communications at Meta Platforms, notes, “We’re excited that the Luxexcel crew has joined Meta, deepening the present partnership between the 2 corporations.”

Credit score: Luxexcel YouTube Channel

Luxexcel is but to reveal the acquisition on its official web site or social media accounts. The corporate is Dutch-based and commenced operations in 2009.

It considers itself a pioneer within the 3D-printing enterprise and owns a number of patents for the creation of prescription lenses. This goes for conventional and sensible lenses.

By buying Luxexcel, it’s clear that Meta goals to make AR/VR units extra inexpensive for customers. Luxexcel estimates that an enormous chunk of the inhabitants makes use of prescription lenses. Subsequently, sensible eyewear seems appropriate for people who search to enhance their imaginative and prescient.

The acquisition comes at a time when Meta is going through scrutiny for its different actions. Lately, it acquired Within, a VR health firm—a transfer that has been contested by the FTC. The establishment seeks to cease Meta from constructing a digital actuality empire by snapping up each early-stage mission within the area.

Source link

You might also like

Rescue Dog Fostering Arrives in Decentraland

Gemba, A Leading Enterprise Metaverse Platform, Secures $18 Million in Funding

Apple VR Headset Raises Metaverse Alarm

Tags: AcquisitionAmbitionscontinueLuxexcelMetasMetaverse
Share30Tweet19

Recommended For You

Rescue Dog Fostering Arrives in Decentraland

January 29, 2023
0
Rescue Dog Fostering Arrives in Decentraland

The Metaverse has already confirmed to be an incredible place for people to hang around of their digital varieties. Nonetheless, it's now quickly changing into a secure haven...

Read more

Gemba, A Leading Enterprise Metaverse Platform, Secures $18 Million in Funding

January 27, 2023
0
Gemba, A Leading Enterprise Metaverse Platform, Secures $18 Million in Funding

Gemba, a digital actuality workforce coaching platform, is about to develop into the main enterprise metaverse platform after securing $18 million in funding. The Collection A funding spherical...

Read more

Apple VR Headset Raises Metaverse Alarm

January 26, 2023
0
Apple VR Headset Raises Metaverse Alarm

Information about Apple’s new combined actuality VR headset induced a spike in demand for Decentraland’s MANA token, and The Sandbox’s SAND token. Now, we all know way more...

Read more

Colin Helm, CEO of CaesarVerse, On Disrupting Gamefi with an Educational Roman Metaverse MMO

January 25, 2023
0
Colin Helm, CEO of CaesarVerse, On Disrupting Gamefi with an Educational Roman Metaverse MMO

We converse with Colin Helm, CEO and founding father of CaesarVerse.io and Bldng Blck Studios. Colin started his entrepreneurial journey by beginning his first startup whereas learning entrepreneurship...

Read more

Unlocking the Potential of Metaverse Advertising

January 28, 2023
0
Unlocking the Potential of Metaverse Advertising

The Metaverse, or digital blockchain worlds, is changing into an more and more vital house for advertising and promoting. On this article, we interview the CEO of Lunar...

Read more
Next Post
Taiwanese Temple Brings NFTs to its Pilgrimage

Taiwanese Temple Brings NFTs to its Pilgrimage

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related Articles

Tokens.com Acquires $3 Million Decentraland Real Estate

Tokens.com Acquires $3 Million Decentraland Real Estate

November 27, 2021
NFT Naruto Museum Partners with Michael Jackson Estate

NFT Naruto Museum Partners with Michael Jackson Estate

August 15, 2022
Introducing The Sandbox Alpha

The Game Maker Fund’s Christmas Eve Miracle social hub brings the joy and magic of Christmas to The…

December 7, 2021

Browse by Category

  • Arts
  • Collectibles
  • Gaming
  • Metaverse
  • News

ABOUT US

Nftnewsuk.com is your NFT news, Gaming, Collectibles, Arts, and Metaverse website. We provide you with the latest breaking news and videos straight from the News industry.

CATEGORIES

  • Arts
  • Collectibles
  • Gaming
  • Metaverse
  • News

RECENT POSTS

  • Pudgy Penguins Goes Cross Chain with LayerZero
  • Yuga Labs co-founder to take leave of absence due to health reasons
  • Axie Infinity Stages a Mighty Comeback
  • Contacts
  • Privacy Policy
  • Terms & Conditions

© 2021 Nftnewsuk.com - All rights reserved

No Result
View All Result
  • Home
  • News
  • Gaming
  • Arts
  • Collectibles
  • Metaverse

© 2021 Nftnewsuk.com - All rights reserved