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Nvidia pushes for HTML of the Metaverse and Apple's headset has a name? - Issue #7

AIXR Weekly Brief
AIXR Weekly Brief
Good morning Metaverse Business Brief readers. Let’s delve into the biggest news from the Metaverse in our weekly roundup.

Top Stories
Meta announced that it will now let users post their NFTs across both Instagram and Facebook. To post an NFT on either Instagram or Facebook, users need to connect their wallet to the app. Some compatible wallets include Rainbow, MetaMask, Trust Wallet, Coinbase Wallet and Dapper Wallet.
Apple’s highly anticipated mixed reality headset has a name, according to a Bloomberg report earlier this week. The outlet spotted trademarks filed by Apple-affiliated firms for names like “Reality One,” “Reality Pro” and “Reality Processor” these were filed by a supposed shell corporation with the U.S. Patent and Trademark Office.
Nvidia pushes for a protocol called ‘Universal Scene Description’ to be the foundation for the Metaverse, the basis for interoperable content and experiences in the metaverse. The metaverse is a catchall for any multi-user application and currently, people using different applications cannot be connected. Nvidia wants USD to be the “HTML of the metaverse” so that people using different applications can still interact with each other.
Meta Platforms Inc signed an agreement with Qualcomm Inc to produce custom chipsets for its Quest devices. Both companies will work together to produce the VR chips, powered by Qualcomm’s Snapdragon platforms, which highlights Meta’s dependency on Qualcomm’s chip technology.
In Funding
Temasek to Lead $100M Funding for Crypto Landlord Animoca, betting on one of crypto’s most prolific investment houses even after a $2 trillion market meltdown.
Inworld AI Closes $50M Series A to populate the Metaverse with Interactive AI-driven characters. Funding was led by Section32 and Intel Capital, alongside participation in the Disney Accelerator.
Shopify buys into a Web3 future and is joining a $24 million series A funding round for Thirdweb, which is developing tools for what supporters see as a third iteration of the internet.
Glints raises $50M in new funding, as one of Southeast Asia’s largest talent development and recruitment platforms, in a Series D. The round was co-led by DCM Ventures, Lavender Hill Capital and returning investor PERSOL Holdings.
Keep an eye on
Sandbox VR launches its first Colorado location at Park Meadows Mall. Sandbox VR is one of the world’s most immersive gaming experiences.
Sygnum Bank is planning to open a branch in Virtual New York’s Times Square. This will be the first Swiss bank to operate in the Metaverse.
Mars, the company that makes M&M’s, is partnering with Kingship, a band made up of NFT apes, to release a limited edition of M&M’s.
Deepfake technology amazes audiences on America’s Got Talent. Visual effects specialists want to promote a positive metaverse future.
Events to be at
Our best wishes for a productive day. Please send any news, comments, and a teddy bear to
September 05 2022 Edition
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AIXR Weekly Brief
AIXR Weekly Brief @AIXRorg

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