| What is the Metaverse, and what does it have to do with a virtual world? Is Earth2 centralized or decentralized? Read on to find out. In the meantime, check out our recent article about Earth2's creation. You can learn a lot about this new virtual community. And while you're there, why don't you explore it? It'Earth2 In...
Microsoft announced the transition to the metaverse They will develop their solutions for virtual worlds The company is also adapting some of its existing products for Metaverse. Tech giant Microsoft has taken a course on virtual worlds. The Director of Marketing officially announced this in the UAE, Ihsan Anabtawi. The company's plans include several tasks. Firstly, they are...
Meta this week reported its earnings for the third quarter. Analysts' attention has been centred around the figures from Facebook's Reality Labs (FRL) division, which includes augmented and virtual reality operations. As it turns out, this quarter's revenue was only $285 million, instead of the expected $406 million. The division lost $3.7 billion compared to a $2.8...
Nokia, one of the first manufacturers of smartphones, believes that the metaverse will soon replace smartphones. Even though smartphones will still exist in the second half of the decade, more and more people will choose the metaverse. The company supports its opinion with the existence and development of VR headsets. Nokia Chief Strategy and Technology Officer Nishant...
Ford car company is interested in metaverses The manufacturer has applied for 19 cryptocurrency-related trademarks Virtual cars, trucks, clothes, and other goods will be used in the form of NFTs One of the largest automakers in the world has turned its attention to the metaverses. Ford has taken the first serious step towards conquering virtual space. According...
Franklin Templeton Announces Launch of Metaverse ETF The company manages $1.4 trillion in assets. Access to Franklin Metaverse UCITS will be provided to European investors One of the world leaders in the investment sector, represented by Franklin Templeton, announced the launch of an exchange-traded fund (ETF). The platform will track the Solactive Metaverse Global Innovation Index. According to company...
MANA is the native cryptocurrency of one of the most famous and unique metaverses - Decentraland. In this article, we will analyze the MANA token in detail and find out what benefits this asset can bring to you. General Characteristics Just like SAND, the MANA token is an ERC-20 token running on the Ethereum blockchain. The daily trading volume recorded on September 1 on...
The first virtual ATM will appear in the Decentraland metaverse The Transak project partner will do this ATM will accept fiat currency and convert it to crypto The Decentraland Metaverse launches its first ATM. This is the result of their partnership with provider Transak. Decentraland Virtual ATM will support fiat payments. For them, users will be able to buy...
Socios platform owner Chiliz has invested $100 million in NFTs and the FC Barcelona metaverse. It has acquired a 24.5% stake in Barça Studios, the digital content creation arm of the Spanish football giant. Socios representatives say the deal aims to develop the club's Web3 ecosystem, including new products and features. Recall that in 2020, Barcelona decided to issue tokens for fans. In...
In April-June 2022, the loss of the Reality Labs division connected with the metaverse in the Meta structure amounted to $ 2.81 billion. (-$3.67 billion in the first quarter). During the reporting period, revenue decreased from $695 million to $452 million, while the forecast was $431 million. For comparison, the figure for the company as a whole is $...
