Crypto Biz: SVB collapses, USDC depegs, Bitcoin still up
Turmoil in traditional finance spilled over into Bitcoin and crypto markets, forcing federal regulators to step in.
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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.…
South Korea launches ‘Metaverse Fund’ to expedite domestic initiatives
With the help of the Metaverse Fund, South Korea will support the mergers and acquisitions of various firms from the metaverse ecosystem.
Meta’s Decentralized Text-Based App to be an Instagram Offshoot
Mark Zuckerberg-led social media giant – Meta – is developing a decentralized text-based app called Codenamed P92. According to a report, users can log in to the new app through…
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.
The metaverse is getting a greenhouse and garden full of NFT flowers
The Heterosis project allows users to collect breedable, dynamic NFTs of digital flowers, all housed in a metaverse rendition of London’s National Gallery.
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.
The metaverse is testing the limits of what is legally possible
While digital events and spaces have become increasingly common over the last few years, is digital reality the right place for all types of gatherings, such as court proceedings?
‘Metaverse’ Term Creator Neal Stephenson Not Bullish About Massive Adoption of Virtual Worlds
Neal Stephenson, ostensibly the first to coin the term “metaverse,” issued his opinion about the future of the adoption of virtual worlds. The sci-fi writer and co-founder of Lamina1, a…
Tech companies enter agreement for ‘Japan Metaverse Economic Zone’
A group of major Japanese technology companies including Fujitsu Ltd. and Mitsubishi Corporation came together in a new agreement to help advance the country’s metaverse sector.
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