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Meta, the social network company, has expanded the services of its flagship metaverse app, Horizon Worlds, to Spain and France. This move is part of the expansion plan of Meta to offer these services to more countries in Europe this year. While the app was available as an invite-only service in 2020, it just opened … Read more
Since the legislative framework surrounding the Metaverse is quite gray, experts still don’t see the technology being used to settle legal issues. Go to Source Powered by WPeMatico
The virtual real estate market is crashing despite a McKinsey report predicting a $5 trillion market by 2030. Go to Source Powered by WPeMatico
Meta, the social media company, is planning to issue its first set of bonds to finance new investments and operations, according to reports. The company will be selling $10 billion in debt, to maintain a healthy cash flow and fund buybacks, per statements of two people with reported knowledge of the deal. Meta to Issue … Read more
In a blog post called “Introducing Digital Collectibles to Showcase NFTs on Instagram,” the parent company of Facebook, Meta, announced the company has started an “international expansion to 100 countries.” The company also revealed integrations with specific Web3 wallets that support the Ethereum, Polygon, and Flow blockchains. Instagram’s NFT Support Will Connect With Third Party … Read more
FLOW latest price rally has turned it into an “overbought” asset, which could amount to an imminent correction. Go to Source Powered by WPeMatico
Mark Zuckerberg’s company, which posted a sharp loss in its Metaverse division in Q2, unveiled its digital asset expansion strategy on May 10, 2022. Go to Source Powered by WPeMatico
Vitalik Buterin claims Meta is jumping the gun with metaverse innovation because “it is far too early to know what people want.” Go to Source Powered by WPeMatico
On Saturday, the co-founder of Ethereum, Vitalik Buterin, took to Twitter and gave his perspective on the “existing corporate attempts to create the metaverse.” Buterin noted that a metaverse will happen, but he doesnt believe the current corporate metaverse attempts are going anywhere. Ethereum’s Vitalik Buterin Shares His Thoughts on Existing Corporate Metaverse Attempts This … Read more
Meta, the social media company, has reported that its metaverse division, the Reality Labs Unit, is shedding lots of money. In its recent earnings call, the company informed that, while the Reality Labs unit managed to pull more than $400 million in sales, its losses reached $2.8 billion, mainly due to research and development costs … Read more