metaverse Archives

Metaverse gets a boost in Saudi Arabia with The Sandbox partnership

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11 February, 2023

Metaverse gets a boost in Saudi Arabia with The Sandbox partnership

The memorandum of agreement was signed at the Leap Tech Conference 2023 in Riyadh between The Sandbox metaverse firm and...

Interpol working on policing the metaverse—but what’s a metaverse crime?

Business

Steve Kaaru

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9 February, 2023

Interpol working on policing the metaverse—but what’s a metaverse crime?

Interpol has launched a virtual reality space for its officers to explore the metaverse and be better equipped to police...

Meta lost $14B in 2022 on its metaverse bet, but Zuckerberg wants to invest more

Business

Steve Kaaru

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9 February, 2023

Meta lost $14B in 2022 on its metaverse bet, but Zuckerberg wants to invest more

Q4 2022 was Meta’s Reality Labs’ worst one yet, with a $4.3 billion loss; while Zuckerberg laid off 11,000 workers...

Business

Steve Kaaru

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7 February, 2023

Meta wins court battle with FTC over the acquisition of VR platform Within Unlimited: report

A California judge denied the FTC's injunction request, arguing that Meta would dominate the VR industry by acquiring the VR...

Seoul metropolitan unveils metaverse project to South Korea residents

Business

Wahid Pessarlay

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20 January, 2023

Seoul metropolitan unveils metaverse project to South Korea residents

Metaverse Seoul will offer the city's residents the chance to learn about South Korea's capital, visit tourist attractions, and have...

Animoca Brands slashes anticipated Web3 fund to $1 billion: report

Business

Wahid Pessarlay

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12 January, 2023

Animoca Brands slashes anticipated Web3 fund to $1 billion: report

The current amount raided is a far cry from the announcement in 2022 in which Animoca Brands noted that it...

HSBC, Fidelity wade into the metaverse with trademark applications

Business

Wahid Pessarlay

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6 January, 2023

HSBC, Fidelity wade into the metaverse with trademark applications

HSBC's trademark focuses on digital media backed by NFTs and virtual currency exchange and transfer, while Fidelity's applications are centered...

The global metaverse hub: Why South Korea is investing $200M in its metaverse ecosystem

Business

Steve Kaaru

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5 January, 2023

The global metaverse hub: Why South Korea is investing $200M in its metaverse ecosystem

South Korea announced in 2022 that it was investing KRW224 billion in the metaverse, and as the year unfolded, the...

South Korea ‘metaverse’ province eyes expansion in Vietnam

Business

Wahid Pessarlay

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23 December, 2022

South Korea ‘metaverse’ province eyes expansion in Vietnam

In a meeting at the Korea-Vietnam Economic Forum, Gyeongbuk Governor Lee Cheol-woo unveiled the province’s ambitious plans to use the...

ROW8 acquires Rad to power its premium movies streaming service with NFTs

Press Releases

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22 December, 2022

ROW8 acquires Rad to power its premium movies streaming service with NFTs

Metaverse and Web3 streaming platform Rad has been acquired by premium movie streaming ROW8 to cater to the growing demands...

FTC blocks Microsoft’s acquisition of game developer Activision Blizzard

Business

Wahid Pessarlay

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15 December, 2022

FTC blocks Microsoft’s acquisition of game developer Activision Blizzard

The move will give Microsoft direct control over Activision’s franchises like Call of Duty, Overwatch, and Diablo, and the Federal...

FTC sues to block Microsoft’s acquisition of Activision Blizzard, crushing its metaverse ambitions

Business

Steve Kaaru

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13 December, 2022

FTC sues to block Microsoft’s acquisition of Activision Blizzard, crushing its metaverse ambitions

FTC says the acquisition would give Microsoft monopoly powers which the firm has abused in the past–it deals a big...

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