Despite the seeming bleak future of the metaverse, some players in the space have remained obstinate and determined to stick to it until they start reaping its dividends. Although there are expectations that the chief funder of metaverse, Meta, would turn its back, the reverse seems to be the case as you should find in this post, along with other interesting facts. Meta’s Reality Labs Lost $14 Billion Last Year It’s interesting how Zuckerberg’s Metaverse ambitions continue to look like a money pit, costing Meta tens of billions of dollars over the last two years. Once again, its Reality Labs…
Author: Stanley U.
Stanley U.
Stanley U. is a writer with unparalleled passion for content creation in the tech space. In fact, content seems to be the very life blood running through his veins. Think content, think Stanley.
There are usually interaction of forces to cause equilibrium in a system. The metaverse space would soon find its equilibrium through momentary surges and declines of interest among players in the space. The highlight of the past week will interest you. Gemba Raises $18 Million For Immersive VR Metaverses Gemba, a London-based enterprise metaverse developer, is planning to build virtual worlds for corporate training in Virtual Reality. Currently, it is announcing an $18 million series A fundraising. The fundraising was led by New York investor Parkway Venture Capital. The funding is expected to help grow Gemba’s business in North America…
At the onset, Mark Zuckerberg stated that in the metaverse, one will be able to do almost anything one can imagine — get together with friends and family, work, learn, play, shop, create — as well as completely new experiences that don’t fit how we think about computers or phones today. That’s exactly what’s happening. Here’s a few metaverse events that might interest you. CEO of Utherverse, Brian Shuster Granted Seven New Patents for Metaverse Development and Operation Utherverse is one of the largest metaverse platforms in the world. Recently, its founder and CEO, Brian Shuster, has been granted…
No doubt in 2022, ‘metaverse’ is one of the most searched words on most search engines. Just like cryptocurrencies and NFTs, metaverse is gradually becoming the next big thing. Although metaverse seems to be in its infancy, it has attracted the attention of many crypto and IT investors. There are predictions of unexplored possibilities in the metaverse come 2023. No one would have an excuse not to get a share of the pie since most metaverse projects are still in their infancy and their coin values are generally low, frequently well below $1. Here’s a list of projects to look…
Many people have lost faith in the metaverse project. Despite Zuckerberg’s attempt to promote it as the future of the world, it keeps being hit by blows. However, there are still a remnant who believe that something can come out of it. Here’s a bit of the metaverse this past week. Metaverse Tokens Flow, Apecoin Plummet Double-Digits Over The Week The hawkish Fed’s 50 point hike led to an astronomical bearish market in the past week. According to data from Coingecko, around $62 billion was wiped off from the cryptocurrency market as a result. Due to the relationship between…
The metaverse keeps recording progress despite the seeming dearth of its hype. Tech giants and futurists still see it as the way to go, and have not relented in their investments. Here’s a few occurrences in the metaverse that may interest you. Axie Infinity Tops Gainers as Metaverse, P2E Tokens Lead Crypto Recovery As we may have known, the crypto and metaverse space is never quiet. In the last seven days, Axie Infinity (AXS), an NFT online video game and cryptocurrency, has gained 21%, making it the top gainer, trading at $8.49 at press time. In fact, this uptrend has pushed…
No matter the biases we have against the metaverse, it is taking the world by storm. Take it or leave it, Zuckerberg seems to be seeing something that others aren’t seeing; at least, not yet. With the World Cup already going on in Qatar, many opportunities have been provided for tech enthusiasts. Here are a few things to know. Berlinverse is Finally Happening; How Do I Participate? One of the best ways to learn about recent trends and technologies is through conferences. Understanding the Metaverse is vital at the moment as tech companies aim to profit from the next…
It seems to be a very interesting time in the metaverse space. Despite complaints and criticisms against the metaverse, people are still seeing it as a promising market. It’s paradoxical how Meta’s metaverse investment seems to have burnt its fingers, yet brands like Adidas and Hublot are rushing in. Here are a few interesting happenings recently. The Biggest Tech Layoff in 2022: Meta Axes 11,000 Employees Meta has just earned the award of seeing through with the biggest tech layoff in 2022 by axing 11,000 employees. It’s no longer news that Meta has pumped more than a fortune into the metaverse.…
The metaverse is gradually rising in its search volume over different search engines. Of course, one could ascribe this to the energy that Meta, formerly Facebook, has put into it in the recent past. In fact, some people think that Meta is currently being negatively affected by its investment in the metaverse project. Here are a few things that have happened in the metaverse this week. 3 Things About Meta Platforms That Smart Investors Know No doubt, it has been an unpalatable year for Meta as its shares tumbled down more than 70%. As it stands, the company has lost…
Wonders never cease to happen around the metaverse. While people are rushing in to grab a space, others are lamenting over a not-too-good fortune. Here’s a highlight of a few interesting things to know. McCain Goes to the Metaverse McCain, a frozen food conglomerate are calling on young consumers to farm its metaverse potatoes in a new game on Roblox. McCain is the world’s largest manufacturer of prepared potato products and it’s hoping to educate these young farmers about challenges facing the farming community and the benefits of regenerative farming. Farm of the Future us integrated into Roblox’s popular Livetopia…