New Zealand film director Peter Jackson announced the sale of his Oscar-winning Weta Digital special effects business to a US software firm intent on using it to develop the virtual-reality ‘metaverse.’ San Francisco-based Unity Software said the $1.6 billion (roughly Rs. 11,896 crore) acquisition would “shape the future of the metaverse,” an immersive 3D version of the internet tipped to transform workplaces and online interactions. The firm said Weta’s technology – used in blockbusters such as The Lord of the Rings trilogy and Avatar – would allow its subscribers to create their own ultra-realistic corner of a virtual world.
