The sense of smell has been added to the virtual reality (VR) experience as showcased by metaverse-focused companies at the Consumer Electronics Show (CES) 2023. A recent report from consulting firm McKinsey & Company predicted that the metaverse could potentially generate $5 trillion in value by 2030. However, the report noted that metaverse success would need a more developed human aspect that delivers positive experiences to its users. One of these catalysts may be the integration of the sense of smell and touch into VR experiences which were showcased at the recent CES. As reported by Fortune, one of the …

A decentralized platform on a quest to merge the physical and virtual world through augmented reality has unveiled a live, ongoing integration with Chainlink. OVR’s collaboration with the decentralized oracle network is already being put through its paces. Chainlink’s infrastructure is being used to fairly and transparently select a grant fund winner from a list of competitors taking part in the OVRLand Treasure Hunt. Looking ahead, OVR intends to ensure that Chainlink’s oracles are used throughout its platform as it builds a virtual experience that is influenced by the real world. Through this platform, augmented reality and virtual reality can …

OVRLand is having a virtual party on May 30 to celebrate the sixth-month anniversary of the earth-size augmented reality metaverse’s launch, and they’ll be lighting a million-dollar bonfire to celebrate. A 1.6-trillion hexagon digital overlay of the earth’s surface, OVRLand is a shared augmented reality where anyone can buy a plot of “land” to host any kind of digital content they want, from 3D art and games to buildings and pretty much anything they can dream up. The highlight of the OVRLand project will be a live “burn” of one million OVR Tokens worth about $1,000,000 at this writing. The …