Lens
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
Investment Insights
South Korea is investing 27.7 billion Korean won (US$21 million) into local services looking to utilize the metaverse, the ministry of science announced Wednesday, following Tuesday’s news that it would establish a US$30 million metaverse fund to help startups expand their businesses. See related article: Japanese tech, finance firms sign pact to build metaverse economic […]
Danny Park
Economic Impacts
Look for blockchain, self-reliance in technology discussions in China’s biggest political meetings of the year as China’s President Xi Jinping’s aims to build a digital economy.
Timmy Shen
Metaverse Platforms
The metaverse has the potential to make the real world more just and inclusive, writes Sébastien Borget of The Sandbox. Here are the key ingredients for its future success.
Sébastien Borget
Advanced Blockchain Technologies
Chinese smartphone maker Huawei partnered with multiple overseas Web3 firms, as part of the company's blockchain and metaverse venture.
Tom Zuo
Metaverse Platforms
About 10 Japanese companies, including Fujitsu, Mitsubishi and Sumitomo Mitsui, have agreed to advance Japan’s metaverse plans with the establishment of the “Japan Metaverse Economic Zone”.
Pradipta Mukherjee
Market Analysis
China technology giant Tencent said its reshuffling staff in its metaverse unit, but denied it was being disbanded, as reported by local media.
Tom Zuo
Upcoming NFT Projects
China's Beijing Guoan Football Club has launched its first NFT collection, while building a virtual replica of its stadium.
Tom Zuo
Metaverse Platforms
Suzhou has laid out plans to attract at least 200 companies in working with VR technology by 2025.
Tom Zuo
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
