Meta Platforms will shut down its Horizon Worlds metaverse for virtual reality users in June, pivoting to a mobile-only experience as it retreats from the aggressive metaverse push it championed just five years ago. Consumers […]
Meta is reportedly set to lay off around 10% of staff from its metaverse arm this week, as the tech giant focuses its resources on artificial intelligence. Meta could announce the cuts as soon as […]
Social media giant Meta is reportedly planning to scale back its metaverse spending by up to 30% and redirect the funds into virtual reality glasses and artificial intelligence. No final decision has been made yet, […]
Metaverse-related non-fungible token sales rose 27% in August from the month prior, suggesting people could be “slowly sneaking back into virtual worlds,” according to an analyst from DappRadar. There was $6.5 million in metaverse trading […]
The Sandbox, a metaverse-focused subsidiary of Hong Kong-based Web3 firm Animoca Brands, is restructuring its operations, with its co-founders moving into new strategic roles. Co-founders Arthur Madrid and Sebastien Borget have transitioned as part of […]
Wallet interoperability still remains the vision for Web3 gaming, according to Arthur Madrid, the co-founder and CEO of the decentralized metaverse and gaming platform The Sandbox. In an exclusive interview with Cointelegraph at the Crypto […]
In this week’s newsletter, find out why Immutable has retired its non-fungible token (NFT) marketplaces and why Kanpai Pandas NFTs floor prices dropped after the team’s involvement in a Donald Trump-themed token. Check out why […]
Opinion by: Shubham Kukrety, co-founder and CEO at QuoteIt Strange sights were seen as India recently concluded MahaKumbh, a Hindu congregation that occurs once every 144 years. Every day, a man took dips at Sangam […]
Artificial intelligence startup Infinite Reality has acquired the music-pirating app turned music streaming service Napster in a $207 million deal and plans to add a music-focused metaverse. Infinite Reality said in a March 25 statement […]
Jeff Nicholas, the former creative director for Yuga Labs’ Bored Ape Yacht Club (BAYC), is set to join Meta’s Reality Labs as an executive producer, where he will focus on mixed reality entertainment experiences. Nicholas […]
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