Search
Facebook Has Lost $1 Billion Every Month On VR Since June 2022
26.4.2024
Facebook’s parent company, Meta, made a lot of money in its last financial quarter. However, its virtual reality and augmented reality division, Reality Labs, lost over $3 billion. That means that since June 2022, the metaverse-focused division has lost a billion dollars per month, and Meta expects...
Mark Zuckerberg's Avatar Legs Saga Ends With A Whimper, Not A Bang
31.8.2023
Last year, Facebook (now known as Meta) announced that it was adding legs to its ugly virtual reality avatars. Some people were excited. Now a year later, after Meta promised the legs were coming soon, they are finally (sort of) working inside the company’s depressing digital “metaverse”. Should...
Meta’s NFTease and AI’s Impact on Web3
17.3.2023
Meta Platforms announced it was ending its support for NFTs after less than a year from its initial test program. The move is a setback for Web3 creators who use social media to promote their art and interact with their community – and signals that Meta maybe hasn’t yet figured out how to dive into...
First Mover Americas: Liquity's Token Leaps on Binance Listing
28.2.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 28, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Metaverse Token Gamium Surges 340% After Meta and Telefonica Partnership Announcement
28.2.2023
Metaverse project Gamium’s native token GMM has surged by 340% to $0.0025 after it announcement collaboration deals with Meta and Telefonica
Meta Reveals Cross-Posting NFT Compatibility Between Facebook and Instagram
30.8.2022
Meta, the corporate entity behind the social media platforms Instagram and Facebook, has revealed that non-fungible token (NFT) support now offers cross-posting compatibility between the two major social media platforms. The digital collectible-sharing ability follows Meta rolling out NFT and Web3...
Take-Two CEO 'Skeptical' Of Metaverses Filled With Empty Land Supposedly Worth Millions
2.6.2022
The metaverse has quickly become a popular topic of speculation for tech companies and rich CEOs as they scramble to not be left behind while people look for ways to escape our hellish current-day digital landscape. But the metaverse is (probably) a giant bust, and Strauss Zelnick, CEO of GTA...
Facebook’s Latest Financial Results Show It Has Lost Nearly $20 Billion To VR Since 2020
28.4.2022
A metaverse filled with digital worlds and avatars might be coming someday, but it won’t be cheap. Facebook parent company Meta has released its financial results for the first quarter of 2022 and it shows that this year alone, the company’s virtual reality-focused department has lost $2.96 billion...
Report: Facebook Eyes ‘Zuck Bucks’ And NFTs As It Loses Users To TikTok
7.4.2022
Facebook parent company Meta reportedly has plans to launch a new digital currency for the metaverse. Internally, employees at Meta are calling the unannounced currency “Zuck Bucks.” These new digital dollars won’t likely be connected to any kind of blockchain, but don’t worry; Meta, led by...
I Traveled To Facebook's Soulless (But Popular) Metaverse So You Don't Have To
27.1.2022
The metaverse is supposed to be the future, so it’s got the world buzzing with excitement. Hilariously, though, the prominence of the “futuristic” buzzword has caused old footage of digital worlds to explode on social media, largely driven by the fact that nobody really understands what the hell...
Report: Meta and Instagram Are Exploring an ‘Early Stage’ NFT Feature
20.1.2022
Meta Platforms, Inc., formerly known as Facebook, Inc., is reportedly experimenting with non-fungible token (NFT) technology, according to unknown sources speaking with the Financial Times (FT). Allegedly, Meta is “readying” an NFT feature but it is “at an early stage and could...
Meta poaches staff from Microsoft and Apple for Metaverse plans
12.1.2022
According to former staff, around 100 people have already jumped ship from Microsoft to Meta alone. Meanwhile, Apple is offering generous bonuses to hold onto their workers