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Nvidia Makes Its Metaverse-Building Software Free for Individual Creators – CoinDesk

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Nvidia CEO Jensen Huang (BagoGames via Flickr)
At the Consumer Electronics Show in Las Vegas on Tuesday, Nvidia made Omniverse, its real-time 3D design collaboration and virtual world simulation platform, available free to individual creators and artists.
The tech giant also rolled out new features and integrations for the product, which the company has dubbed the “metaverse for engineers.”
Omniverse launched in beta early last year and a paid subscription version for enterprises followed in November. Nvidia says Omniverse has been downloaded by over 100,000 creators.
During a presentation at Computex last summer, Nvidia CEO Jensen Huang outlined his vision for the “many types of metaverses,” including video game versions and augmented reality-backed versions featuring non-fungible tokens (NFTs).
Omniverse combines graphics, artificial intelligence (AI), simulation tools and scalable computing to help designers and creators craft 3D assets and scenes from their laptops or workstations. Omniverse is able to connect independent 3D design worlds, which are often made with incompatible tools, into a shared virtual scene.
Nvidia announced the expansion of Omniverse with new features, such as the one-click collaboration tool Nucleus Cloud, and new connectors, extensions and asset libraries built by Nvidia partners. New ecosystem partners include 3D marketplaces and digital asset libraries TurboSquid by Shutterstock, CGTrader, Sketchfab and Twinbru.
Read more: A Crypto Guide to the Metaverse
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Brandy Betz
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The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
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Meta's losses show the metaverse's costly risk – Insider Intelligence

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Facebook parent Meta launches startup accelerator with India’s IT ministry in metaverse push – TechCrunch

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Meta Platforms is looking at India’s burgeoning startup ecosystem as it bolsters its bet on the metaverse. The social juggernaut has partnered with the Indian IT Ministry’s startup hub to launch an accelerator in the country to broaden innovation in emerging technologies, including augmented reality and virtual reality, officials said Tuesday.
MeitY Startup Hub and Meta’s effort, called XR Startup Program, will work with 40 early-stage startups and help them in research and development and developing workable products and services. Each startup will also receive a grant of over $25,000, the American giant said.
The program, supported by Meta’s $50 million XR Programs and Research Fund, will initially hand pick 80 startups to attend a bootcamp. It will also help startups with finding customers, inking relationships and raising funds, Meta said.
Rajeev Chandrasekhar, Minister of State for Electronics & Information Technology and Skill Development and Entrepreneurship, said the program is especially aimed at helping encourage technology innovation in smaller cities and towns.
The XR Startup Program is the latest of Meta’s growing participation in the South Asian market’s upskilling efforts. The firm, whose Facebook and WhatsApp services identify India as their largest market by users, partnered with Central Board of Secondary Education, a government body that oversees education in private and public schools in the country, to launch a certified curriculum on digital safety and online well-being, and augmented reality for students and educators in the country.
The program — to be implemented by four Indian institutions, including IIT Delhi — will also host a “grand challenge” for innovation in categories including education, healthcare, entertainment, agritech, climate action, sustainability and tourism, the American giant said.
“India will play a pivotal role in defining future technologies. Decisions and investments made here in India now shape global discussions on how technology can deliver more economic opportunity and better outcomes for people. It is critical that we help to create an ecosystem that will enable India’s tech startups and innovators to build the foundations of the metaverse,” said Joel Kaplan, VP of Global Policy at Meta, in a statement.
Meta’s interest with working with startups in India is also not newly found. The company has backed three startups in the country, including social commerce platform Meesho and online education group Unacademy.
3 views: Is the metaverse for work or play?

“India’s rapid tech adoption combined with a vast pool of tech talent puts the country in a vantage position for shaping the future of the internet,” said Ajit Mohan, VP and MD of Facebook India, in a statement.
“For this future to be equitable, it will require active participation from all stakeholders, including developers, businesses, creators, policymakers, and entrepreneurs. We are excited to collaborate with MeitY Startup Hub and hope that the XR Startup Program will act as a catalyst to unlock the use of immersive technology across sectors like education, healthcare, agritech and tourism, not only in India but across the globe.”

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WHAT IS QUILVIUS (QVUI)? LET'S EXPLORE THIS UPCOMING METAVERSE CRYPTO PROJECT – Asianet Newsable

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WHAT IS QUILVIUS (QVUI)? LET’S EXPLORE THIS UPCOMING METAVERSE CRYPTO PROJECT  Asianet Newsable
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