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Alibaba has laid off employees at its metaverse unit, Yuanjing, reflecting a broader industry trend of waning interest in metaverse projects by large Chinese corporations. Despite Layoffs, Alibaba Remains Committed…
In line with a broader trend among major tech firms, Chinese e-commerce behemoth Alibaba is downsizing its metaverse operations. The restructuring, which aims to improve efficiency, led to layoffs in…
The Financial Industry Regulatory Authority has released a report highlighting the potential benefits and risks of the metaverse for the securities industry. The report emphasizes the importance of addressing challenges…
Tennessee has secured a multi-million dollar settlement with GS Partners over alleged deceptive investment schemes involving digital assets and the metaverse. Investors were enticed with tokens and vouchers linked to…
In the latest episode of Regina’s Web3 Gaming Odyssey, she dives headfirst into Nifty Island—a metaverse brimming with customizable islands, NFT integration, and social interaction. Last week’s quick recap Last…
Upon analyzing over 1,200 publicly available crypto pre-seed and seed rounds from 2022, Lattice Fund found that the seed-stage crypto market saw investors refocus on the more stable and established…
Animoca Brands, a company specializing in digital property rights and gaming, alongside The Sandbox, a decentralized virtual world, and Smobler, a metaverse architecture firm, have launched the virtual Universal Peace…
UNKJD Soccer, a popular Web3 sports mobile game, has announced a new collaboration with global sportswear brand Puma. The partnership will bring Puma’s iconic designs and content to the game,…
Five U.S. states have reached a settlement with GSB Group over unregistered securities sales tied to digital assets. Residents of the states will receive refunds for all fiat and cryptocurrency…
Luis Oscar Ramirez, founder and CEO of Mawari, believes the idea that artificial intelligence (AI) has contributed to the decline in metaverse interest and investment is misguided. Instead, Ramirez said…