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Here’s How Much Crypto Hong Kong’s Web3 Giant Animoca Brands Holds on Balance Sheet

Animoca Brands reported $558 million in digital assets on its balance sheet, as per its latest unaudited financial disclosures. Since December 2023, the company has acquired an additional $266 million…

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Ethereum’s Vitalik Buterin Challenges Hype: Metaverse Is Still Misunderstood

Metaverse has gained tremendous traction over the past couple of years, grabbing the attention of large companies across the world. But Ethereum co-founder, Vitalik Buterin, believes the concept of the…

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Starbucks Discontinues NFT Program to ‘Prepare for What Comes Next’

Starbucks has said it will discontinue its Odyssey non-fungible token beta program and members “have until March 25, 2024, to complete any remaining journeys.” Starbucks stated on its FAQ page…

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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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