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metaverse
The term **metaverse** refers to a collective virtual shared space that is created by the convergence of physical and digital realities. It typically involves immersive, interactive, and persistent 3D environments—often accessed through technologies such as virtual reality (VR), augmented reality (AR), and the internet—where users can socialize, work, play, and engage in a variety of digital experiences.
Meta reportedly plans 30% budget cut to Reality Labs as metaverse ambitions shrink
Meta CEO Mark Zuckerberg is preparing to significantly reduce funding for the company’s metaverse division, according to reports indicating that Reality Labs may face budget cuts of up to 30%. The move marks a...
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