Crypto
Customer Sues Dolce & Gabbana Over Delayed NFT Delivery and 97% Drop in Value
A class-action lawsuit was filed against Dolce & Gabbana and UNXD, alleging delays in delivering NFTs and associated benefits.
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67
News
metaverse
Section
metaverse
Market Analysis
Why Is Meta Stock Jumping Today? Metaverse Division Faces 30% Budget Cut
Meta stock gained 4% following reports that the company will scale back metaverse spending by as much as 30%, prompting investor optimism.
Best Stocks
Meta Up 9% Premarket After Strong Earnings Reported with “Monster” Guidance
Meta Platforms' shares rallied 9% higher in Thursday premarket trading after the company's strong Q2 2023 report.
Metaverse
Shanghai Aims to Generate $6.9B Annually with Web3 Tourism Projects
Shanghai aims to build thirty culture and tourism metaverse projects by 2025.
Metaverse
Apple Expected to Launch VR Headset at WWDC, Stock Up 1% Premarket
Apple's long-awaited VR headset will be priced at $3,000, considerably more than similar devices sold by other tech giants.
Metaverse
Meta Still Committed to Metaverse, Expects Division Losses to Increase
Meta's Reality Labs division has lost nearly $4 billion this quarter and $13.7 billion in total last year.
Metaverse
France Launches Consultation to Make a Metaverse Framework “A La Francais”
According to a recent press release, the French government is looking for input for creating a national metaverse-building framework.
FinTech
Meta to Launch Generative AI for Creating Ads This Year: Report
Meta plans to eventually integrate its generative AI technology into all of its products and services, including Facebook and Instagram.
Metaverse
Big Firms Loved the Metaverse Not Long Ago; Now They’re Abandoning It
Major metaverse platforms like Decentraland and The Sandbox have seen a sharp decline in the number of virtual land sales too.
Market Analysis
Meta Up 1.5% in Premarket Amid Reports of More Downsizing
Meta shares are up over 53% YTD as the company's push to restore profitability at any cost pays out.
Metaverse
Gamium’s Native Token Up 370% as Startup Joins Meta’s Initiative
Gamium's GMM token is up almost 380% after the startup announced it has joined the Metaverse Activation Program launched by Meta and Telefonica.
Metaverse
Ten Companies Team Up to Build the Japan Metaverse Economic Zone
Japanese tech and financial firms joined forces to build interoperable metaverses with an RPG-like experience.
Metaverse
Tencent Abandons VR Hardware Plans Amid a Strategic Shift
Chinese internet behemoth Tencent scrapped plans to develop VR hardware due to a strategic shift.