Metaverse ETF ‘PUNK’ closing after betting against Meta’s vision
Subversive Capital cites losses as it shuts down its “PUNK” ETF and pivots to artificial intelligence.
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Epic CEO mocks ‘metaverse is dead’ notion — 600M coming to the ‘wake’
Epic Games CEO Tim Sweeney made fun of a recent Business Insider article suggesting the Metaverse had run its course.
SUI mainnet goes live as token sees immediate action on Binance, OKX, others
The total supply of the SUI token is capped at 10 billion coins, with tokens running on a delegated proof-of-stake consensus algorithm.
Meta coughing up big money to developers building their metaverse
Despite turbulent times for Meta in terms of metaverse development, sources close to the company say its metaverse programmers are paid up to $1 million for their work.
Disney Reportedly Axing Metaverse Division Amidst Company Restructuring
The metaverse division of Disney has apparently fallen victim to the latest round of layoffs announced by the company. Per reports from the Wall Street Journal citing people “familiar with…
Government requests for user data from Big Tech increased by 25%: Report
Requests for user data from Big Tech companies such as Apple, Google and Microsoft continue to rise year after year from governments around the world.
Metaverse brings new problems and opportunities to music licensing
With the rising popularity of Web3 and the metaverse, songwriters and musicians are wondering what music licensing will look like in this new space.
Meta Announces 10,000 Layoffs in ‘Year of Efficiency’ Move; Singles Out AI Over Metaverse as ‘Largest Investment’
Meta, the social media company, will continue to shed part of its workforce, recently announcing 10,000 new layoffs to be executed during 2023 as part of its new efficiency policy.…
Death in the metaverse: Web3 aims to offer new answers to old questions
As contemporary society continues to digitize, life in the metaverse raises the same timeless questions about what happens after death.
European Commission to ensure ‘healthy competition’ in the metaverse
Margrethe Vestager, the competition commissioner, stressed the need to anticipate and plan for changes in technological advancements.
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