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Meta Backs Metaverse Despite Losing Billions and Stock Price Plunge

In September of 2020, Facebook (now known as Meta) released Facebook Reality Labs.  During the Q3 of 2022, Meta’s Reality Labs metaverse business lost nearly...

Warner Music Group Invests in Digital Clothing Firm ‘DressX’

Warner Music artists will be able to work with DressX directly creating virtual clothing. The music and entertainment giant collaborated with The Sandbox in January. Warner...

JPMorgan’ Analyst Changes Meta Rating From Neutral to Overweight

Pre-market trading saw a 1.5% rise in Meta shares, to $117. The stock price is down almost 65% year to date. Doug Anmuth, an analyst at...

FIFA World Cup 2022 Licensed Metaverse Game Launched by Hedera

Reality+ and OTZ Sports have collaborated to release the Web3 game. Two of the eight on-field zones appear on the first match card free to...

Metabloqs Announces the Expected Public Launch Date on Binance Live

Metabloqs co-founder and CEO Megha Shrestha joined an AMA event with the crypto influencer tuNNCay on Binance Live on Wednesday to announce the significant...

Aave Announces Acquisition of Social Metaverse Developer ‘Sonar’

The Aave Companies is the parent company of many different crypto initiatives. Sonar is an iOS gaming app that lets users create and explore virtual...

Automobile Manufacturer Fiat’s Metaverse Store Launched

Customers now will be able to virtually test drive the New 500 La Prima by Bocelli. The showroom will provide a 360-degree sight of the...

Sony Introduces Affordable Set of Wearables For Metaverse

The wearables can be used in conjunction with smartphones to access the Metaverse. These movement sensors are compatible with both Android and iOS devices. Sony, a...

Meta Fined $277 Million by Irish Authorities Over Data Handling

Meta has poured a lot of resources into developing its Metaverse platform. The tech giant said that it will be reviewing the penalty decision. Meta was...

Meta (Facebook) Added To Extremist List by Russian Justice Ministry

Meta’s attempt to petition a Moscow court to overturn the prohibition was unsuccessful. In the UK, Meta is being investigated for allegedly collecting user data. The...

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