THE DAILY ENCRYPT

[date-today format='F j, Y']

Meta to Help Universities to Open Metaverse Campuses With $150 Million Funding

Meta, a metaverse-focused social media platform, has helped universities create their virtual reality campuses online....
lady wearing VR metaverse headset
Photo by Jezael Melgoza

Meta, a metaverse-focused social media platform, has helped universities create their virtual reality campuses online. As part of the Immersive Learning project, the company will open 10 virtual campuses. Meta, a virtual reality education startup based in Iowa, will invest $150 million to support this initiative.

Education is one of the most important applications of virtual reality technology and metaverse technology. Virtual reality classes are possible. Meta, the social media giant, has helped 10 universities launch metaverse-based campuses.

Meta to get more students to study the metaverse

One of them is the University of Maryland Global Campus, which is an online university. More than 45,000 students from the university can now meet online in a metaverse to share and discuss their experiences.

Daniel Mintz is the chairman of the department information technology at UMGC .

It’s the first time we have a campus. It also has a duck pond.

The university will offer five courses on the metaverse campus as part of the plan. These courses will be offered at no extra cost compared to other non-immersive courses. The university has a limit on the number of headsets it can lend students to take part in the courses.

This project will also include other institutions: the University of Kansas School of Nursing; New Mexico State University; South Dakota State University; Florida A&M University; West Virginia University and West Virginia University.

How Meta will help universities

Meta will donate its Meta Quest headsets for students to use in these courses. Meta’s Immersive Learning project aims to make these technologies more accessible to students by partnering universities and organizations. Meta will deliver headsets in partnership to Victoryxr, which is the company responsible for designing the metaverse campuses.

Meta also helps universities to pay for these spaces. These spaces can be as high as $50k for five- to seven-building campuses. Steve Grubbs, the founder of Victoryxr stated:

Education is an exciting application of the metaverse. Meta Immersive learning will enable creators from around the globe to acquire skills and create immersive experiences for their learners.

The company’s pivot towards virtual reality has led to losses. , its metaverse division and the Reality Labs unit, reported losses in Q2 2022. In August, the company issued its first bond , which was worth $10 billion to finance metaverse products.

Elena Argyros

Elena Argyros

Elena is cryptocurrency writer / journalist based in Europe. She has extensive knowledge in the crypto space and is a solidity programmer by trade. Elena has built an extensive resume working with some of the most ground breaking blockchain firms. Being in Europe, Elena has amassed a large network of professionals in the space and states "The technology behind blockchain is going to impact everyone on earth in a good way, once you get to understand it".
Elena Argyros

Elena Argyros

Elena is cryptocurrency writer / journalist based in Europe. She has extensive knowledge in the crypto space and is a solidity programmer by trade. Elena has built an extensive resume working with some of the most ground breaking blockchain firms. Being in Europe, Elena has amassed a large network of professionals in the space and states "The technology behind blockchain is going to impact everyone on earth in a good way, once you get to understand it".

© 2022 The Daily Encrypt. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Latest News
PRESS RELEASES