Metaverse

Meta, the parent company of Facebook, is concluding its ambitious digital wallet payments pilot Novi which was launched in October 2021. The company, which is drawing all its resources on metaverse development, plans to repurpose the…
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The much-awaited worldwide Web3 takeover is imminent and unfolding right now. Hailed as the future of the internet, this newly envisaged version of the World Wide Web is one where blockchain technologies and token-centric contents reign…
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ByteDance, renowned for TikTok, has made another venture into the metaverse space with the acquisition of virtual reality (VR) startup PoliQ. It was absorbed into VR headset company Pico, which ByteDance had acquired in August 2021. Ma…
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Mark Zuckerberg recently said in a TV interview that Meta Platforms is going to put in a lot of money for long-term research. He is of the opinion that the Metaverse will usher in a huge spending economy. This uptick is expected in the…
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Snoop Dogg is perhaps the most prominent celebrity taking to Web3 – cryptocurrencies and NFTs. The American rapper has also made private investments in fintech companies like Robinhood, MoonPay, and Klarna among others. He co-founded Casa…
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Smartphone manufacturer HTC has introduced its first device compatible with its metaverse platform. Called the Viverse phone, HTC Desire 22 Pro is preloaded with apps that let users access and manage their metaverse content, including…
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Tencent Announces Extended Reality Unit to Tackle the Metaverse Market Chinese firm Tencent Holdings made an announcement on June 20th, 2022 that it is forming a new unit called XR or “extended reality”. This unit is going to place bets on…
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Metaverse TIME Square in the offing – a Sandbox partnership Like a few other brands, TIME magazine is also making an entry into the crypto world. Partnering with The Sandbox, a gaming company in the blockchain arena, it plans to set up…
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McKinsey & Company is an international management consulting firm. Last week, they released a report on creating value inside the metaverse. According to the report, they surveyed more than 3400 people, including executives as well as…
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Meta is planning to launch a clothing store with designer items so that users can buy these for their avatars, according to an announcement. This store will be in the Metaverse. According to the company, available clothing and accessories…
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