In a Tuesday letter to shareholders, Tinder’s parent company Match Group announced that it was backtracking on its earlier plans to venture into the Web3 space. Although Match Group's chief executive officer Bernard Kim expressed his conviction that a “metaverse dating experience is important to capture the
With a handful of regions making metaverse plays at a national level, the government of Southeast Asia’s largest economy has asked the state carrier to create a metaverse to support local firms. In a bid to promote local firms that compete with foreign services and take back control from
Mark Zuckerberg’s Meta is heavily investing in the metaverse. However, Ethereum’s creator thinks the company’s attempt will “misfire.” In a Twitter thread on Sunday, Ethereum’s creator Vitalik Buterin aired his views on the future of the metaverse. According to him, the current metaverse plays by corporate
The Federal Trade Commission (FTC) has filed an injunction to prevent social media giant Meta from buying VR studio “Within,” best known for its subscription VR workout app Supernatural. The FTC insists that Meta is “already a key player at each level of the virtual reality sector” with Oculus Quest,
In a bid to explain the metaverse concept to everyday folks, Meta has launched a new video series called “Are we there yet?” American actress and TV personality Keke Palmer will feature as the host of the “metaverse 101” show, which has been described as part Bill Nye the Science
According to a report from global market research firm Technavio, the market for real estate in the metaverse is expected to grow by $5.37 billion between 2021 and 2026. Technavio, in its report, predicts that the market will increase at a compound annual growth rate of 61.74 percent
To address the shortage of skilled Japanese personnel active in the tech industry, the University of Tokyo is looking to offer a range of study programs in the metaverse before the end of the year. According to a report published by a local news outlet on Saturday, the courses will
Metaverse
Jose Cuervo, one of the best-selling tequila brands, is entering the metaverse with the first tequila distillery in the virtual world. Schedule to make its debut in Decentraland on Sunday, July 24, the launch coincides with National Tequila Day. According to an official statement from the company, the virtual space
8-time Olympic gold medalist and 11-time world champion, Usain Bolt, has joined the Fitfi team as its brand ambassador. Fitfi is a platform that pioneered the gamified metaverse for the fitness economy. It is officially launching the private beta version of its Step App in partnership with Bolt, who is
On Tuesday, Facebook proprietor Meta Platforms Inc. was slammed with a trademark lawsuit in Manhattan federal court by MetaX LLC for allegedly copying its moniker for its transition to the metaverse. MetaX LLC, a New York-based company that creates immersive virtual-reality experiences, told the court it has been crushed by
The Crown Prince of Dubai and Chairman of the Dubai Executive Council, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum announced an integrated plan for a Dubai metaverse strategy on Monday. Sheikh Hamdan revealed in a tweet that the objective of the metaverse strategy is to support 40,
Legendary American skateboarder Tony Hawk has teamed up with decentralized gaming platform "The Sandbox" alongside high-profile NFT company "Autograph" to launch the world’s biggest virtual skatepark. Coming soon to The Sandbox: alongside @Autograph, I’m helping to create the biggest skatepark in the #metaverse. Stay
Earlier this week, SM Entertainment (SM) announced the launch of a new metaverse subsidiary. The entertainment powerhouse is establishing Studio Kwangya, a company that will focus on producing metaverse content and other works related to VR and VFX production. SM’s new metaverse arm has already teamed up with the
On Tuesday, Animoca Brands announced the completion of a $75 million fundraising round at a valuation of $5.9 billion. The latest capital injection is a follow-up on January’s funding round, which secured nearly $360 million and valued the Hong Kong metaverse startup at $5.5 billion. The second
Electronic giant Samsung has announced the launch of Space Tycoon, a virtual experience built on the global metaverse platform Roblox. Space Tycoon was built to entertain Gen Z users. It hosts a virtual space where users can create and play games while sharing experiences via Samsung products. The metaverse experience
Metaverse
Playboy is moving to the metaverse. The iconic lifestyle brand has teamed up with NFT-based metaverse gaming platform The Sandbox to create a virtual version of the Playboy mansion. Anybunny home? 🐰👀🏘 We're teaming up with none other than.... @playboy! 👯♀️ Together, we will be creating a Playboy MetaMansion social