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Upland Introduces Token Reward System With ‘Share and Build’ Airdrop Series

Upland, a popular Web3 metaverse and crypto game, unveiled the inaugural chapter of its “Share and Build” airdrop series on Friday. This initiative is designed to reward players with tokens…

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Disney to Acquire $1.5 Billion Stake in Epic Games, Aims to Create Joint Metaverse

Disney, one of the biggest entertainment companies, has decided to acquire a $1.5 billion stake in Epic Games, makers of the known persistent metaverse platform Fortnite. The companies will collaborate…

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Meta’s Reality Labs Hits $1 Billion in Q4 Revenue Despite $4.65 Billion in Operating Loss

Meta’s metaverse unit – Reality Labs – recorded its most successful quarter to date despite sustaining significant financial losses. Its recently released Q4 report revealed that the division clocked over…

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Metaverse projects failed on lack of correct business model: MetaMinds CEO

As the metaverse loses its appeal to some global tech leaders, MetaMinds Group CEO Sandra Helou argues that failures in metaverse initiatives resulted from the lack of proper business models.

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