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Crypto Exchange Gemini Axes 7% of Its Staff in Second Wave of Layoffs


Gemini, the cryptocurrency exchange owned by the Winklevoss twins, is laying off more staff. According to reports, the company is axing 7% of its current workforce, as it engages in significant cost-cutting policies. This is the second wave of layoffs at Gemini, after the company laid off 10%...

Meta to Slow Hiring in 2022, Hints at Layoffs After Metaverse Pivot


Meta, the company formerly known as Facebook, is preparing to face a strong market downturn. According to reports, Mark Zuckerberg, CEO of Meta, announced a change in the hiring policies of the company, lowering the number of engineers planned to be hired from 10K to 6-7K. Previously, Zuckerberg...

Former Google CEO Eric Schmidt Is Skeptical About the Metaverse Concept


Eric Schmidt, who was CEO of Google, has declared that there is confusion about the concept of the metaverse and what it means for people. Schmidt stated that, even with a company like the former Facebook pivoting its operations to occupy the metaverse market, there is still not a clear definition...

Meta Launches NFT Support on Facebook


Facebook parent company Meta has enabled a group of US creators to show non-fungible tokens (NFTs) on their profiles. Meta has launched digital collectibles support on Facebook with select creators and only in the USA, and has already begun a slow rollout, TechChrunch reported, citing a company...

Meta Launches Meta Pay, a Metaverse Dedicated Digital Wallet


Meta, the metaverse-based platform, has announced the launch of a new wallet directed to support value interaction in the metaverse. Meta Pay, a rebrand of the former Facebook Pay service, will keep fulfilling the same functions that Facebook Pay did in the past, but will be developed as...

Meta, Microsoft, and Others Launch Metaverse Standards Group


Meta, Microsoft, and 31 more companies have united to form an organization to promote the creation of open standards regarding metaverse tech. The institution, named the Metaverse Standards Forum, will focus on establishing standards to make each one of the metaverses on the internet interoperable...

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