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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...
EU touts health benefits for children in the metaverse despite risks
26.4.2024
The European Union’s in-house think tanks says the metaverse can help children heal from diseases
Does the metaverse need to be on the blockchain? Execs weigh in
26.4.2024
Imaginary Ones co-founder Clement Chia believes that simply adding blockchain to the metaverse doesn’t solve its “purpose” problems
Meta’s letting Xbox, Lenovo, and Asus build new Quest metaverse hardware
25.4.2024
Each company has its own special plans for the Quest mixed-reality device
Meta Faces Tough Market Response as AI Investments Surge and Metaverse Losses Continue
25.4.2024
Meta’s shares dropped 15% in after-hours trading following announcements in April of plans for significant investment in AI, alongside a weaker revenue outlook and continued losses in its metaverse division, Reality Labs. The company anticipates its expenses will soar to between $96 billion...
Meta drops 15% on weak outlook and high AI and metaverse spending
25.4.2024
Meta shares dipped after a disappointing Q2 revenue outlook and plans to spend nearly $100 billion this year as it aims to “invest aggressively” in its AI products
Manchester City to release digital collectibles through multi-year partnership with Quidd
24.4.2024
The collectibles will include “money can’t buy” experiences such as pitch-side seats for exclusive team training events
Tarantino reportedly wanted to create a metaverse for ‘The Movie Critic’
24.4.2024
It was supposed to be his last film but the project has been scrapped
Pharrell Williams And Louis Vuitton Launch NFT-Linked Jacket To VIA Holders
23.4.2024
Renowned fashion house Louis Vuitton and record producer Pharrell Williams are delving further into the world of Web3 fashion with their brand new VIA NFT-linked varsity jacket. The digitized jacket twin is available exclusively to VIA holders as part of their continued exploration of Web3...
Crypto Exchange Okx Partners With Manchester City to Launch Football Shirts Mintable as Digital Collectibles
22.4.2024
Okx and the English football club Manchester City have partnered to launch commemorative football shirts that can be minted as non-fungible tokens (NFTs). Fans of Manchester City, the reigning English football champions, will be able to mint the “Unseen City Shirts” digital collectible...
Stepn Partners With Adidas to Issue Genesis Sneakers NFTs
17.4.2024
Stepn, a lifestyle and move-to-earn application, partnered with Germany-based apparel company Adidas to issue the Genesis Sneakers NFT collection. The collection, which marks the start of a one-year collaboration between these organizations, comprises 1,000 NFTs inspired by Adidas’...
DMCC Report predicts super Crypto, DeFi, and Metaverse growth
16.4.2024
As a global authority on commodities and business, the DMCC, accredited by the Government of Dubai, has released a detailed thought leadership document about Web3 technologies. Entitled “Digital Decentralization: Crypto, DeFi, and the Metaverse,” this report comprehensively analyzes...
Mad Viking Games ® Just Secures US-Trademark and Unveils Ashes of Idunn ® MetaVerse
16.4.2024
PRESS RELEASE. Mad Viking Games ® proudly announces its official registration as a U.S. trademark by the United States Patent and Trademark Office (USPTO) confirmed on April 16 2024. This landmark achievement is not merely a legal formality but a strategic step forward, reinforcing Mad Viking...
Meta introduces VR to classrooms in Metaverse expansion effort
16.4.2024
Meta, the innovative leader in virtual reality (VR) technology, is planning to launch its product, which uses VR technology to enhance educational settings. This choice is consistent with Meta’s vision to introduce the interactions of the metaverse into our daily activities despite...
Decentraland releases its Q1 Update: Gear Up for Desktop Client
15.4.2024
Decentraland, a virtual world platform that allows users to buy real estate and conduct NFT transactions with the MANA cryptocurrency, has recently published its first quarterly update, as promised to customers in its 2024 statement. The Decentraland Foundation manages the platform, which offers...
Somnia launches Betanet, ushering in a new era of interoperability in the Metaverse
15.4.2024
Somnia, an L1 and a set of omnichain protocols has taken another step towards its goal of a connected metaverse with the recent launch of its protocol Betanet. This significant milestone marks the beginning of a new era in the metaverse, where experiences and assets can seamlessly move across...
iCan’s metaverse journey: Revolutionizing Taiwan’s culture
12.4.2024
In July 2022, iCan Entertainment, based in Taiwan, entered the Web3 space through its branch, iFA Capital, LTD., and its parent company. They wished to combine art, culture, and the newest technologies and launched into blockchain activities. They have their eyes set on designing special-edition...
USM brings in technologies by Vitalik Buterin for open metaverse
9.4.2024
As per Vitalik Buterin, one of the persons responsible for Ethereum, for an open metaverse, the requirement is to bring together multiple factors, akin to how RACA is building with USM. There is an amalgamation of separate technologies to offer individualistic exposure to the community. Lately...
Crypto Whales are Quietly Gathering Around This Emerging VR Crypto Project – Next Big Narrative?
8.4.2024
Metaverse gaming token 5SCAPE is almost a third of the way towards its target of raising $15 million in its ongoing ICO. The presale is only on round 4 of a dozen so far and has already raised $4,354,934, which equates to about 29% of the target since the presale launched on January 9. 5SCAPE...
Crypto Experts Stack Up on Novel VR Crypto Token – How Does it Work?
4.4.2024
Metaverse gaming token 5SCAPE is a quarter of the way towards its target of raising an eye-watering $15 million in an ongoing presale. The ICO is only on round 4 of a dozen so far and has already raised $3,842,843, which equates to just a fraction over 25% of the target since the presale launched...