Metaverse
Despite Crypto Crackdown, China Prepares for Metaverse with Standards Body.
China, which outlawed the usage of cryptocurrencies in September 2021, is showing interest in learning more about the metaverse industry. To create an organization that would establish guidelines for the…
Microsoft reportedly makes job cuts across metaverse, Surface and Xbox units workforce.
Microsoft Corp. has reduced its workforce in the divisions responsible for creating its Surface devices, Xbox gaming console, and metaverse products, according to reports. Sources familiar with the matter reported…
Shibarium to Provide Tool for Community to Build and Grow Shiba Inu.
The developers of Shiba Inu highlighted that Shibarium is being built to provide a tool to allow the community to build and grow the project. Shibarium is a layer-2 network…
Users Believe Metaverse Will Reshape their Social Life and Interactions: Survey.
CoinWire, in its new survey, established that user sentiment towards the metaverse has digital reality poised to influence all areas of social life. It said 69% of respondents believe that…
Miguel Faus’s Film3 ‘Calladita’ Wins Andrews/Bernard Award.
Film3 is a product of Web3 and has been gaining ground in the film and entertainment industry. Director Miguel Faus’s film Calladita was named the winner of the Andrews/Bernard Award…
Chinese VR Sector’s Fundraising and Investment Volume Records Explosive Growth.
The Chinese Virtual Reality (VR) sector has entered a new period of explosive growth. Its VR funding more than doubled in 2021 despite the coronavirus pandemic. Funding, merger and acquisition…
Farcana Blockchain Gaming Metaverse Makes Ripples in Web3.
Farcana, a blockchain metaverse project that is fully utilizing the Unreal Engine 5 to bring gamers a new intergalactic gaming experience, was one of the participants at the AIBC Europe…
Fidelity Investments Files for Trademark for Web3 Products and Services.
American multinational financial services firm Fidelity Investments is seeking trademarks for a host of Web3 products and services, including the NFT marketplace. The firm submitted three trademark filings to the…
Telecom Infrastructure Cannot Cope With Metaverse: Huawei.
Huawei, the Chinese telecom giant, believes that the current infrastructure is not enough to cope with the growing needs of the Metaverse. It says 5G and 6G networks might be…
The Metaverse to Help Travellers Decide on Destinations: Survey.
The ongoing COVID-19 pandemic has prompted the Metaverse to help travellers decide on their destinations. A new survey conducted by Booking.com has revealed the travellers’ strong interest in virtually exploring…
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