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MultiversX eyes Metaverse scalability as CEO sheds light on spatial computing
19.10.2023
The MultiversX CEO discussed the recent interest of Meta and Apple in the metaverse domain and analyzed their respective approaches
Macy’s introduces mstylelab, a new digital fashion platform
19.10.2023
Macy’s has introduced a new platform, mstylelab, which will not only be highly interactive but will also see the merging of the real and virtual realms and transform the fashion industry itself. This platform will combine technology and all-encompassing exposure. The team at Macy’s...
Darewise Entertainment generates $3.5 million in token presale
18.10.2023
Darewise Entertainment, which is otherwise known as Darewise, is an affiliate of Animoca Brands. The company has managed to acquire $3.5 million through a presale of a token that is on the anvil and to be released in the imminent future. The money will be directed towards the creation of...
Axie Infinity launches the sixth season of Epic Era
18.10.2023
Axie Infinity has announced the sixth season of Epic Era, wherein Lunacians must compete with each other to secure the highest position on the leaderboard. The competition is for a prize pool of 22,500 AXS, which is only 30% of the total reward. There is a bonus prize as well, along with a chance...
Bored Apes Creator Yuga Labs and Magic Eden Collaborate to Fix NFT Royalties Problem – What's Going On?
18.10.2023
The consortium of major Web3 companies OMA3 (the Open Metaverse Alliance for Web3), has formed a working group to find the best way to standardize creator royalties on non-fungible token (NFT) marketplaces - and to ensure they stay there.
According to a tweet, ...
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BAYC creator Yuga Labs completes restructuring to focus on metaverse
18.10.2023
Yuga Labs, a firm behind the Bored Ape Yacht Club NFTs, has completed restructuring to focus on its upcoming metaverse project Otherside
Microsoft's Activision Buy: A Shift Towards the Metaverse and Crypto?
16.10.2023
Microsoft’s official purchase of the video game publisher Activision has raised more questions about how crypto and the metaverse will influence both companies’ products and operations....
Read More: Microsoft's Activision Buy: A Shift Towards the Metaverse and Crypto?
UAE Government Unveils White Paper Focused on Metaverse Regulation
15.10.2023
The United Arab Emirates government recently announced the unveiling of a white paper which underscores the potential of the metaverse but also the areas “where the global community must strengthen its preparedness.” Globally Accepted Standards The United Arab Emirates government...
Microsoft's Activision buy may see more metaverse in the office and crypto in gaming
13.10.2023
More signs say the acquisition will boost metaverse applications in business than in gaming as CEO Nadella talks about productivity and metaverse enthusiast Kotick leaves Activision
Northlands College introduces its metaverse campus
13.10.2023
Northlands College introduces the Northlands College Metaverse Campus, joining the ranks of Canadian colleges that have introduced an entire campus in the metaverse. This is a watershed moment in terms of introducing a period of transformative learning tools as the college continues to advance...
Surreal Events partners with Streaming Global to enhance the metaverse experience
11.10.2023
Surreal Events and Streaming Global have signed a 3-year partnership agreement. It enables Surreal XP to gain access to real-time pixel streaming, GPU Multitenancy, and remote rendering capabilities. This marks a significant milestone for Surreal Events, with the partnership being termed a new...
Drecom and The Sandbox to launch Eternal Crypt – Wizardly BC
11.10.2023
The Sandbox has announced joining hands with Drecom. The objective of this partnership is to launch the extension of the Wizardly franchise in its virtual world. Titled Eternal Crypto – Wizardly BC, the title is poised to redefine the way one interacts with the Web3 world. Both partners will...
China Daily Newspaper Mulls Metaverse and NFT Marketplace Launch - Here's The Latest
10.10.2023
China Daily, a prominent English-language newspaper owned by the Publicity Department of the Chinese Communist Party, has allocated a substantial 2.813 million Yuan ($390,000) to build its own metaverse and a non-fungible tokens (NFT) platform.
China Daily has called for a public tender, seeking...
Improbable stands tall amidst metaverse chaos
9.10.2023
The year 2022 has not been a particularly favorable time for businesses engaged in the metaverse. During this time period, the Reality Labs division of Meta lost $13.72 billion. Subsequently, a further $3.99 billion loss occurred in the first quarter of 2023. The employees face the possibility...
PayPal applies for NFT marketplace patent, Meta’s avatars impress: Nifty Newsletter
4.10.2023
PayPal filed a patent application for a system that lets users transfer and purchase nonfungible tokens
Neal Stephenson’s blockchain project holds discovery month as metaverse hype wanes
3.10.2023
Lamina1 CEO Rebecca Barkin told Cointelegraph that as long as people continue to invest time and money in digital experiences, the metaverse will continue to come to life
Mark Zuckerberg’s Vision: AI Leading the Way to the Metaverse
2.10.2023
Meta’s CEO, Mark Zuckerberg, has revealed that he remains committed to his pursuit of leadership in the fast-paced metaverse race.
In a recent interview with The Verge, which was uploaded on YouTube, Zuckerberg stated that the key to establishing a strong metaverse pedigree lies in...
Epic Games Trims Workforce by 16% Due to Unrealistic Metaverse Revenue Projections
29.9.2023
Epic Games, the creator of Battle Royale Smash, Fortnite, is cutting off approximately 830 staff, or 16% of its workforce, as it looks to reduce its costs and create a viable financial ecosystem for the company.
On Thursday, CEO Tim Sweeney confirmed this in a memo later in a blog post....
Fortnite Developer Epic Games Lays Off 16% of Staff Following Metaverse-Inspired Transition
29.9.2023
The game's growth is now primarily driven by creator content, meaning lower revenue for Epic as the revenue is shared around more
Epic Games lays off 830 staff, citing ‘unrealistic’ metaverse ambitions
29.9.2023
“Spending way more than we earn” — CEO Tim Sweeney blamed job cuts on major structural changes to the company’s economics