Lens
Market Analysis
It is the one-year anniversary of Facebook's rebrand as Meta, a major step in the company's foray into virtual reality and Web3. However, in actual reality, not everything has gone to plan for the platform's new parent company.
Dylan Butts
Market Analysis
Meta's metaverse division Reality Labs lost US$3.7 billion in the third quarter of this year, bringing its accumulated losses in 2022 to US$9.4 billion.
Ningwei Qin
Market Trends
Meta shareholder Altimeter Capital’s CEO Brad Gerstner wrote a letter to Mark Zuckerberg suggesting a cut in headcount and in metaverse investments.
Danny Park
Market Analysis
The international police organization Interpol has launched its own metaverse to assist law enforcement in protecting communities in virtual realms. The development comes after wanted Terraform Labs cofounder Do Kwon quietly slipped from Singapore to Dubai and possibly elsewhere. See related article: India police launch blockchain-based complaint portal on Polygon Fast facts Interpol claims theirs […]
Oisin Mcilroy
Legal Insights
South Korea is mulling the uploading of headshots of sex offenders rendered on the three-dimensional metaverse, to help the public identify offenders, said Minister of Gender Equality and Family Kim Hyun-sook on Tuesday in a local radio interview. See related article: S.Korea’s science ministry announces ethical principles for the metaverse Fast facts Kim mentioned the […]
Danny Park
Market Analysis
Top blockchain and crypto news: Mark Zuckerberg’s empty metaverse. South Korea to roll out blockchain IDs. Macau bets on digital money.
Forkast.News
Metaverse Platforms
Meta Platforms Inc.’s internal documents show the company’s metaverse platform Horizon Worlds is underperforming in terms of attracting and maintaining users, the Wall Street Journal (WSJ) reported Saturday. See related article: Meta’s attempts at building a metaverse will ‘misfire’: Vitalik Buterin Fast facts Meta’s initial goal was to gather 500,000 monthly active users (MAU) on […]
Danny Park
Market Trends
The cryptocurrency market in the United Arab Emirates (UAE) is expected to grow 10 times, according to a new report from MENA blockchain ecosystem, Crypto Oasis, released Monday at a blockchain conference organized by the Dubai World Trade Centre. See related article: New hire in Saudi Central Bank to work on crypto regulations: report Fast […]
Pradipta Mukherjee
NFT Marketplaces
The apparel and luxury goods industry is leading in tradable non-fungible token (NFT) adoption, with major brands launching their own NFT collections, according to a new research study by CoinGecko. See related article: Apes still rule among the bears: NFT market falls for fifth straight month Fast facts The independent cryptocurrency aggregator found the apparel […]
Dylan Butts
NFTs and Gaming
Cool Cats Group LLC, the Web3 company behind the cartoon feline-based NFT collection Cool Cats, announced Thursday that it had received a strategic investment and partnership from Animoca Brands, owner of the metaverse platform The Sandbox. See related article: Asus launches NFT platform to plug into Web 3.0 Fast facts In a tweet, Cool Cats’ […]
Dylan Butts
