metaverse

The market is yet to turn the corner, with one risk after another stifling a potential recovery from its protracted weakness. Tesla Inc. (NASDAQ: TSLA) was in the spotlight over the weekend as stakeholders digested the electric vehicle maker’s quarterly deliveries and its AI Day presentations....

Major tech companies are eyeing the metaverse's potential, which has become a hot buzzword in the market. But Apple CEO Tim Cook has a different opinion about it.  In a recent interview with a Dutch media outlet, Cook said that most people are unclear about the term...

Months after introducing a cryptocurrency exchange-traded fund that has so far failed to attract investors, BlackRock Inc (NYSE: BLK), one of the largest exchange-traded fund issuers in the world has filed for a new metaverse product. According to a filing on Thursday, BlackRock plans to...

Cathie Wood’s Ark Investment Management on Monday hiked its stake in chip manufacturer Nvidia Corporation (NASDAQ: NVDA) via the ARK Genomic Revolution ETF (NYSE: ARKG). The fund bought over 185,000 shares in the company at a valuation of over $22 million based on Monday’s closing price...

Tokyo-based bank Nomura Holdings Inc. (NYSE: NMR) has invested in Fnality, a blockchain-based interbank payment and settlement network that is now sponsored by 17 major financial institutions. What Happened: After raising £50 million ($54 million) Series B funding in 2019, Fnality is in the...

Leading retailer Walmart Inc (NYSE: WMT) is making a big bet on the growth of the metaverse with a partnership with leading metaverse and gaming company Roblox Corporation (NYSE: RBLX). What Happened: Walmart announced the launch of Walmart Land and Walmart’s Universe of Play on Monday....

In an apparent bid to expand into the Web3 space, entertainment giant Walt Disney Company (NYSE: DIS) is seeking to hire an experienced corporate attorney to work toward developing technologies like non-fungible tokens (NFTs) and the metaverse. The company is seeking a ‘Principal Counsel...

Sports-focused blockchain gaming platform LootMogul has secured a $200 million investment from alternative investment firm Global Emerging Markets.  LootMogul will use the capital to build  metaverse gaming environments allowing fans to engage with athletes, teams, and brands via virtual...

One of the most well-known CEOs is having a rough year, with the stock of the company he founded losing more than half its value since the beginning of 2022.  Here’s a look at how Mark Zuckerberg, the co-founder and CEO of Meta Platforms (NASDAQ: META), has...

Leading non-fungible token company Yuga Labs announced the hiring of a newly created position that will help with the company’s gaming ambitions. What Happened: Yuga Labs, the creator of Bored Ape Yacht Club, announced its first-ever Chief Gaming Officer. The company hired Spencer Tucker for...

Leading eSports, lifestyle and media company FaZe Holdings Inc (NASDAQ: FAZE) is headed to the metaverse with a new partnership with leading Web3 company The Sandbox. What Happened: FaZe Clan announced a partnership with The Sandbox, a metaverse brand owned by Animoca Brands. The deal includes...

Facebook’s rebranding to Meta Platforms Inc. (NASDAQ: META) set off a cascade of projects entering the metaverse wave. With an original vision to create a digital reflection of physical reality, Meta Platforms soon witnessed the many nuances through which projects brought about their idea....

The word metaverse has been thrown around a lot, especially since Facebook changed its name to Meta Platforms Inc. (NASDAQ: META). People’s love of video games and science fiction has apparently helped propel interest in the metaverse, and it is trending now more than ever on social media...

JPMorgan Chase (NYSE: JPM) is on the hunt for someone who can help the banking behemoth navigate a “sea of technological change.” What Happened: That's according to the New York-based company's recent post on LinkedIn, which states that it is looking to hire a new vice president...

A leading dictionary adds new words every year to accommodate new vocabulary and slang terms used on a regular basis. Two terms — metaverse and altcoins — added to the dictionary should attract attention from the cryptocurrency and Web3 sectors. What Happened: Merriam-Webster, which is...