Meta to Open 10 Metaverse Campuses as Part of $150 Million Immersive Learning Project – Metaverse Bitcoin News

Meta, a metaverse-focused social network company, has helped universities create their virtual reality campuses online. In its Immersive Learning program, the company plans to open 10 virtual campus. Meta, a virtual reality education startup based in Iowa, will invest $150 millions to support this venture.

Meta Getting Universities Into The Metaverse

Virtual reality is being used in education, with the potential for virtual reality classes to become a reality. This is just one example of how metaverse and virtual realities can be applied. Meta, the social media giant, helped 10 universities establish their metaverse-based campuses.

The University of Maryland Global Campus is one of them. It is an online university. More than 45,000 university students will be able now to connect online in a metaverse to share and discuss their experiences.

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

We’ve never had a campus before, and now we have our first. The campus has a duck-pond.

The university will be offering five courses on the metaverse campus as part of the plan. These courses will not cost extra compared with non-immersive courses. Unfortunately, it is restricted in terms of the headsets that the university can loan students for these courses.

Other institutions will also be part of this project: the University of Kansas School of Nursing, New Mexico State University, South Dakota State University, Florida A&M University, West Virginia University, Southwestern Oregon Community College, California State University, Dominguez Hills, and Alabama A&M University.

Meta’s Involvement

Meta has donated its Meta Quest headsets, which will be used by students in these courses. One of the objectives of Meta’s Immersive Learning project is to increase the access of students to these technologies by partnering with organizations and universities. Meta will deliver headsets with Victoryxr as part of its $150 million investment. Victoryxr is the company responsible for designing the metaverse campuses.

Meta can also help universities finance the construction and design of such spaces. These buildings are typically $50k to build, with a maximum cost of $50k. Steve Grubbs (founder of Victoryxr) stated:

Meta Immersive learning will enable creators all over the globe to learn skills and provide immersive experiences for their learners.

Meta’s pivot to virtual reality has caused the company to lose money, as its metaverse division, the Reality Labs unit, reported losses of $2.8 billion in Q2 2022. In August, the company issued its first bond to $10 billion. This money was used for investments in metaverse products as well as other initiatives.

In this story, tags
Alabama A&M University, California State University, campuses, Daniel Mintz, Dominguez Hills, Florida A&M University, Meta, meta quest 2, Metaverse, New Mexico State University, Reality Labs, South Dakota State University, Southwestern Oregon Community College, stebe grubbs, University of Kansas School of Nursing, univesity, victoryxr, Virtual Reality, West Virginia University

What do you think about Meta’s involvement in the launch of these campuses in the metaverse? Leave a comment below.

Sergio Goschenko

Sergio is a Venezuelan cryptocurrency journalist. His entry into the cryptocurrency world in December 2017 was when it saw a price surge, and he describes himself as being late to this game. His background is in computer engineering, but he also lives in Venezuela and was influenced by the crypto boom at a socio-economic level. He offers an alternative perspective on cryptocurrency success and the benefits it has for the underbanked.

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