metaverse

Although the introduction of ChatGPT from OpenAI in late 2022 has paved the way for many sectors and businesses to utilize artificial intelligence, the technology has curiously — and surprisingly — found its way inside a courtroom. What Happened: The increased usage of ChatGPT...

Meta Platforms Inc. (NASDAQ:META), the parent company of Facebook, is facing criticism and calls to reconsider its plans to allow minors into the metaverse due to concerns about their safety and well-being.  What Happened: Advocacy groups and experts in children’s safety have urged ...

Shiba Inu developers have announced plans to launch "SHIB: The Metaverse," a project aimed at expanding the utility of the Shiba Inu (CRYPTO: SHIB) ecosystem. The metaverse is set to open by December 2023 and will feature 100,595 plots of land minted by users. Landowners can generate...

Walt Disney Co. (NYSE: DIS) has pulled the plug on one of its units engaged in developing metaverse strategies, as part of its plan to reduce headcount. What Happened: Disney shuttered its metaverse business that was operating as the "storytelling and consumer experiences unit,"...

The virtual land trading market experienced unprecedented growth, reaching an all-time high with 147,000 trades in the first quarter of 2023. According to data compiled by DappRadar, Otherside and MG.Land were the driving forces behind this surge, accounting for 75% of first-...

CEDEN has garnered significant attention recently for their grand vision for the future of interactive entertainment, including gaming and metaverse level applications. The CEDEN team understands that to deliver on these goals, they have to take steps to deliver high quality content via the EDEN...

In October 2022, Meta Platforms Inc. (NASDAQ: META) CEO Mark Zuckerberg hinted at the fact that he saw Apple Inc. (NASDAQ: AAPL) as his company’s competitor in the “metaverse,” or virtual and augmented reality. What Happened: Meta launched the latest VR device...

Taxpayers in the United Kingdom will be required to report their cryptocurrency holdings on their tax returns, according to a recent announcement made by Chancellor of the Exchequer Jeremy Hunt. This new requirement is expected to generate an additional 10 million British pounds ($12 million)...

Meta Platforms Inc (NASDAQ: META) is laying off an additional 10,000 employees between March and May. The Menlo Park, California-based company also plans to close 5,000 open positions and cancel lower-priority projects. This comes after Meta laid off 13% of its workforce in November 2022, and while...

Meta Platforms Inc (NASDAQ: META), formerly known as Facebook, announced Monday that it will stop working on digital collectibles, also known as non-fungible tokens (NFTs), in order to focus on other ways to support creators, businesses and people. This decision was made to...

Step into the metaverse with CEEK’s revolutionary land sale, the gateway to a thrilling new world of virtual real estate. CEEK’s virtual land sale offers creators and developers a lucrative chance to buy virtual land and curate distinctive immersive experiences within the CEEK metaverse...

Meta Platforms Inc (NASDAQ: META) is on a roller coaster revolving around opposition to its metaverse ambitions. On March 2, Democratic senators urged Meta CEO Mark Zuckerberg to halt the release of its Horizon Worlds metaverse app to teens ages 13 to 17. The senators highlighted a...

Arweave Protocol, a blockchain-based cloud storage provider, is attracting attention for its unique market opportunity in providing a solution for users seeking to store data permanently. Unlike established cloud storage providers such as Amazon and Google, Arweave (CRYPTO: AR) uses a...

ZINGER KEY POINTS Meta's success relies on user-generated content and innovative social media strategies. The transformation into the metaverse offers investment opportunities, but it's important to monitor execution. Investors should assess advertising revenue, regulatory risks, and...

The metaverse, a shared virtual world accessible via the internet, is attracting regulatory scrutiny, according to Margrethe Vestager, the European Union's antitrust chief. What Happened: Vestager raised concerns about potential dominance by Meta Platforms Inc (NASDAQ: META) in the...