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Tech Behemoths Could Become ‘Dinosaurs’ if They Enter the Metaverse for the Wrong Reasons, Deepak Chopra Says
27.10.2022
Chopra, founder of health-care company Chopra Global, discusses why big names in tech could succumb to short-lived success if they leap into the metaverse with the wrong intentions
JPMorgan Exploring Digital Identity Wallets in Web3
27.10.2022
Major investment bank JPMorgan is exploring a future in “the new web” that would see users “freely traverse across digital realms in a trusted way, all using one digital identity in multiple places.”
More precisely, it is exploring the idea of a digital wallet, or a Web3 digital ID offering. It...
Top five metaverse ecosystems that will likely shape the virtual world in 2023
27.10.2022
Could human beings soon exist in digital worlds? This idea has often been floated in the virtual gaming realm and is slowly becoming more than a possibility. You might have come across the ‘metaverse’ concept, combining emerging technologies such as Blockchain, Augmented Reality, and Virtual...
Meta’s Metaverse Business Loses Over $3.5 Billion in Q3 2022
27.10.2022
Facebook-owner Meta recorded a loss of over $3.5bn in the third quarter of this year, as the company continues to burn cash on its new metaverse-related initiative.
Overall, Meta saw its revenue fall 4% in the third quarter, while expenses rose by 19% year-over-year to $22.1bn. Compared to...
Silicon Valley tech CEOs are not big fans of metaverses
27.10.2022
Disney’s CEO said the company doesn’t tend to use the word metaverse, as it believes it’s a very broad term
Meta’s Reality Lab division suffers $3.7B loss in Q3
27.10.2022
Meta’s concerns have been surging for a while as the company notes another big blow. Reality Lab, Meta’s metaverse branch, recently disclosed facing 3.7 billion dollars in losses during 2022 Q3. The VR and AR operations department has experienced losses while trying to elevate...
Metaverse losses top $3.6B for Meta with spending set to increase
27.10.2022
The tech giant is just over $500 million away from topping its more than $10 billion Metaverse department losses in 2021, but it said its spending will only grow next year
Facebook Parent Meta Misses Revenue Estimates for Metaverse Division in Q3, Expects Losses to Grow in 2023
26.10.2022
Meta's revenues for the division came in at $285 million, down from $452 million in the second quarter
Norway Steps Into the Metaverse With Decentraland Tax Office
26.10.2022
The move is part of a greater effort to educate a younger audience about taxes related to DeFi and NFTs – starting with an office in the metaverse
Norwegian gov't agency opens metaverse office in collaboration with EY
26.10.2022
The Brønnøysund Register Center collaborated with EY to open a virtual office in the Decentraland metaverse to reach its next generation of users
Microsoft Working to Bridge Its Services With the Metaverse
26.10.2022
Microsoft, the software and computing behemoth, is seeking to adapt part of its software service stack to the metaverse. Ihsan Anabtawi, CMO of Microsoft UAE, declared that the company was working to make its cloud division compatible with metaverse experiences, and to allow companies to use...
Nifty News: Reddit NFTs surge into OpenSea top 10, judge likens NFTs to ‘luxury’ property and more
26.10.2022
Reddit's NFT collections have taken some of the top 10 spots on OpenSea and seen millions in sales volume over the past week
SandStorm Launches On-Demand Metaverse Builds with 5 Virtual World Partners
26.10.2022
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. Tampa, FL, Florida, 30th August, 2022, Chainwire The largest metaverse builder community SandStorm has launched its self-serve build proposals, making...
Crypto News Briefs: Australia Comes After BPS and Qoin, Bithumb Ex-Chair Faces 8 Years in Prison, Canaan Launches New Series, Art Project in Support of Ukraine
25.10.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Crypto News Briefs: Australia Comes After BPS and Qoin, Bithumb Ex-Chair Faces 8 Years in Prison, Canaan Launches...
Quik․com Offers Registry of ․metaverse ․web3 and 8 Other NFT Domain TLDs
25.10.2022
Did you know? Due to the decentralized nature of NFT domains, users can host decentralized websites with legitimate ownership, control, and management access. Only the NFT domain owner is capable of making modifications to the domain, which also gets rid of third-party interference and centralized...
Ecosystem is bullish on the Metaverse, no matter what the numbers imply
25.10.2022
Despite the reports surfacing of low numbers of unique active wallets on Decentraland, the metaverse hype, investment and development go on
Zuckerberg's $100B metaverse gamble is 'super-sized and terrifying,' shareholder says
25.10.2022
In an open letter, Altimeter Capital's CEO and founder recommended the tech giant cut its Metaverse investments from $10-15 billion a year to $5 billion
Nokia Believes the Metaverse Will Replace Smartphones in the Future
25.10.2022
Nokia, one of the first companies to manufacture a consumer-grade mobile phone system, now believes the metaverse will cause phones to become deprecated. These metaverse experiences will be powered by the use of virtual reality (VR) headsets and augmented reality glasses, and will allow users...
Start Regulating the Metaverse Now, Researchers Tell French Leaders
24.10.2022
A team of researchers commissioned by the French government said leaders should avoid previous mistakes made with the EU’s crypto rules when regulating the metaverse
Meta Downgraded by BofA to Neutral From Buy Partly on Metaverse Concerns
24.10.2022
Investment in the metaverse will remain an overhang on the stock, the report said