Lens
Investment Insights
Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg said the social media giant is not moving away from its metaverse focus despite reporting repeated losses in the billions of dollars at its division dedicated to developing the virtual reality online world.
Timmy Shen
Market Trends
The French government announced a public consultation on “virtual immersive universes,” or the metaverse.
Danny Park
Metaverse Platforms
Meta is investing heavily in artificial intelligence and this will benefit its metaverse businesses, Meta’s Andrew Bosworth told Nikkei Asia.
Danny Park
Market Analysis
Entertainment conglomerate Walt Disney Co. has reportedly scrapped its metaverse plans as part of its decision to lay off 7,000 employees and reduce US$5.5 billion in expenses.
Pradipta Mukherjee
Regulation
Digital asset platform Anchorage Digital will lay off 75 employees as it restructures to meet regulation challenges.
Danny Park
NFT Marketplaces
Meta Platforms, the parent company of Facebook and Instagram, will wind down its non-fungible token operations on both social media services.
Danny Park
Advanced Blockchain Technologies
Meta Platforms, the parent company of the social media applications Facebook and Instagram, is exploring a decentralized text-based Twitter alternative.
Dylan Butts
Investment Insights
Meta Platforms Inc., the former Facebook, said losses at its Reality Labs division developing virtual reality technologies widened last year, but the company’s Q4 earnings beat expectations and it projected overall stronger growth into 2023, according to its earnings report released Wednesday.
Timmy Shen
Metaverse Platforms
Meta's Mark Zuckerberg said that he remains optimistic about the future of the metaverse over a “five-to-ten-year horizon” despite widespread skepticism of his company’s venture into the technology.
Lachlan Keller
Metaverse Platforms
The metaverse has the potential to improve access to opportunities and create a better version of the offline world. How do we prevent it from perpetuating society’s ills?
Danny Phan
