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Metaverse

Meta lost $14B in 2022 on its metaverse bet, but Zuckerberg wants to invest more
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9 February, 2023

Meta lost $14B in 2022 on its metaverse bet, but Zuckerberg wants to invest more

Q4 2022 was Meta’s Reality Labs’ worst one yet, with a $4.3 billion loss; while Zuckerberg laid off 11,000 workers...
Meta wins court battle with FTC over the acquisition of VR platform Within Unlimited: report
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7 February, 2023

Meta wins court battle with FTC over the acquisition of VR platform Within Unlimited: report

A California judge denied the FTC's injunction request, arguing that Meta would dominate the VR industry by acquiring the VR...
Seoul metropolitan unveils metaverse project to South Korea residents
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20 January, 2023

Seoul metropolitan unveils metaverse project to South Korea residents

Metaverse Seoul will offer the city's residents the chance to learn about South Korea's capital, visit tourist attractions, and have...
Animoca Brands slashes anticipated Web3 fund to $1 billion: report
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12 January, 2023

Animoca Brands slashes anticipated Web3 fund to $1 billion: report

The current amount raided is a far cry from the announcement in 2022 in which Animoca Brands noted that it...
HSBC, Fidelity wade into the metaverse with trademark applications
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6 January, 2023

HSBC, Fidelity wade into the metaverse with trademark applications

HSBC's trademark focuses on digital media backed by NFTs and virtual currency exchange and transfer, while Fidelity's applications are centered...
The global metaverse hub: Why South Korea is investing $200M in its metaverse ecosystem
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5 January, 2023

The global metaverse hub: Why South Korea is investing $200M in its metaverse ecosystem

South Korea announced in 2022 that it was investing KRW224 billion in the metaverse, and as the year unfolded, the...
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