If the term “eye tracking foveated rendering” is unfamiliar to you, it refers to a method whereby only the area of the display you are presently looking at is rendered in full resolution, freeing up performance because the rest is lower quality.
The additional performance might be used to increase the base resolution or enhance the graphical fidelity of apps.
@apple headset device, which is expected to offer both AR and VR functionality with applications for gaming, media, and communication, could be in customers hands sooner then later, according to recent reports. While an exact date is unknown, the rough timeframe is becoming increasingly clear with Apple analyst Ming-Chi Kuo recently saying the headset is on track for launch in the 4th quarter of 2022. The device’s exact price point is yet unclear, but some reports indicate that it could cost customers around $3000 to purchase it.
The social media giant @meta recently paid a South Dakota bank $60 million just to acquire the trademark rights associated with its Meta Financial name.The deal is notable for its size: while $60 million may not sound like much to a company with a $928 billion market cap, it is a huge sum in the trademark world.
Crypto startup Palm NFT Studio announced a Series B raise of $27 million on Thursday led by Microsoft’s venture fund M12. Palm NFT, cofounded by ConsenSys founder and Ethereum co-founder Joseph Lubin, provides strategic and technical services for creators to build nonfungible token (NFT) marketplaces.
Other major backers include Griffin Gaming Partners, RRE, Third Kind Venture Capital, Sfermion, the LAO, Warner Bros. and SK Inc.
According to the statement issued on their company blog, the raise will enable the team to scale the Palm NFT Studio’s technology platform and offer it to third parties looking to deploy NFT projects across movies, games, music and art with regulatory compliance and environmental sustainability.
Dan Heyman, cofounder and CEO of Palm NFT Studio, believes that “within three years, most NFTs will be given away for free,” and added:
“We envision programs that mint millions of NFTs with utility; social objects that connect communities, drive engagement and reward true fans. We’re grateful that incredible partners like M12 share that vision.”
Palm NFT Studio co-created the Palm Network, an Ethereum sidechain that allows users to establish NFTs. Any NFTs made on the Palm Network or Ethereum mainnet can be bridged from the Ethereum mainnet to the Palm Network sidechain or vice versa, according to the company.
As new board members, M12 also published a statement to welcome Palm NFT to their portfolio and point out its focus on sustainability:
“The company and third parties have run tests that show the Palm Network requires magnitudes less computation and subsequent energy to execute transactions than proof-of-work chains. The Palm Network also has a carbon tax built into its bridge configuration, enforcing payment when mainnet resources are used.”
Since its launch earlier this year, Palm NFT Studio has collaborated with DC Comics to release an NFT collection of tokenized comic book covers and worked with Damien Hirst to drop The Currency collection.