Crypto Biz: Is Zuckerberg’s $100B metaverse experiment doomed to fail?
Meta's Reality Labs division lost $3.672 billion in the third quarter. Some shareholders aren't happy with the company's oversized investment in metaverse technology.
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Mexico Will Have Its First Shopping Mall In The Metaverse
Shopping malls in the metaverse have several advantages. One of them is that they can house as many stores as the developers’ imagination allows. This is what a Mexican entrepreneur…
Meta Stocks Plummet 20% as Reality Labs Cost Billions for the Third Quarter in a Row
It’s been exactly a year since Facebook rebranded itself as Meta following the announcement of its new flagship product, Horizon Worlds, which it plans to expand massively. For now, the…
Silicon Valley tech CEOs are not big fans of metaverses
Disney’s CEO said the company doesn’t tend to use the word metaverse, as it believes it’s a very broad term.
Metaverse losses top $3.6B for Meta with spending set to increase
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…
Merit Circle Votes to Burn 200 Million MC Tokens Worth $147 Million
Gaming and metaverse DAO giant Merit Circle voted to burn all remaining tokens left in the Community Incentives wallet as a way to reduce the total supply. The project has…
Norwegian gov’t agency opens metaverse office in collaboration with EY
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
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…
Nifty News: Reddit NFTs surge into OpenSea top 10, judge likens NFTs to ‘luxury’ property and more
Reddit's NFT collections have taken some of the top 10 spots on OpenSea and seen millions in sales volume over the past week.
Nokia Believes the Metaverse Will Replace Smartphones in the Future
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…
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