Metaverses | ForkLog

ForkLog 28 28.02.2025

Donald Trump Seeks Trademark for Metaverse Venture

Donald Trump’s Trump Organization has filed an application to trademark TRUMP for a planned metaverse dedicated to the former U.S. president. This was reported in a blog by the law firm Gerben IP. The document covers a wide range of product and service categories intended for the proposed platform. The platform will offer the ability […]

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ForkLog 25 30.01.2025

Meta to Maintain High AI Spending Despite DeepSeek Concerns

Mark Zuckerberg intends to maintain high spending on artificial intelligence despite the buzz around DeepSeek’s affordability. Meta records unprecedented losses in its metaverse division. Overall, the company released a favourable financial report. Meta’s CEO, Mark Zuckerberg, has pledged to sustain high expenditure on artificial intelligence, despite the panic caused by the AI model DeepSeek. The […]

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ForkLog 5 04.11.2024

Alibaba Reduces Metaverse Division Workforce

Alibaba Group Holding is scaling back its metaverse operations, according to SCMP, citing sources. Dozens of employees from the Yuanjing division, which focuses on digital worlds, have been laid off as part of a restructuring aimed at enhancing organizational efficiency. The cuts have affected the company’s operations in Shanghai and Hangzhou, the publication notes. Yuanjing […]

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ForkLog 76 01.08.2024

Meta’s Metaverse Losses Surpass $50 Billion

In its second-quarter report, Meta disclosed a $4.48 billion loss for its metaverse division, Reality Labs. The cumulative losses of the division since the end of 2020 are estimated to exceed $50 billion, including: 2020 — over $6 billion; 2021 — $10 billion; 2022 — $13 billion; 2023 — $16 billion. “A few years ago, […]

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ForkLog 11 21.07.2024

Meta to Slash Metaverse Division Budget by 20%

Meta will reduce funding for its Reality Labs division, responsible for developing the corporation’s metaverse hardware and software, by 20%. This was reported by The Information. According to the publication’s sources, the division’s budget will be cut between 2024 and 2026, with most reductions occurring in the coming months. This does not signal an end […]

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ForkLog 12 27.03.2024

Vitalik Buterin Explores the Benefits of Account Abstraction

Account abstraction encompasses additional features that enhance security and convenience, which are yet to be activated, according to Ethereum co-founder Vitalik Buterin, as reported by The Block. Security objectives specifically include providing users with the ability to change and revoke private keys, as well as more efficient account recovery methods. Convenience goals, in turn, include […]

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ForkLog 26 02.02.2024

Reality Labs Posts $4.7 Billion Loss for Meta

The operating loss for Meta’s metaverse division, Reality Labs, amounted to $4.67 billion for the period from October to December 2023. This figure marks a record since the business unit’s inception in the fourth quarter of 2020. Revenue for the latest reporting period rose to $1.07 billion. For comparison, it was $210 million in the […]

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ForkLog 14 29.12.2023

The Marvelous New Phygital World. Is It Still a Marketing Ploy or the Ideology of the Future?

Philosopher Alexandra Tanushina on how the idea of a hybrid material-virtual world arose and when to expect its realisation.

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ForkLog 7 13.10.2023

Analysts estimate blockchain-game investment volume in Q3

The volume of venture investments in the blockchain-gaming segment for July–September reached $600 million, year-to-date $2.3 billion. The figures come from a report by DappRadar.

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ForkLog 8 15.09.2023

Meta’s Horizon Worlds to expand to mobile devices

Meta began expanding the Horizon Worlds metaverse beyond VR headsets, opening early access to the first world on mobile devices and computers.

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ForkLog 9 11.09.2023

Animoca Brands raises $20 million for the Mocaverse metaverse

The Hong Kong-based blockchain-gaming operator Animoca Brands raised $20 million for the Mocaverse metaverse project via a secondary issuance of ordinary shares.

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ForkLog 5 05.09.2023

Report: Metaverse market to reach $800 billion by 2024

By 2024, the metaverse industry’s market capitalization is projected to reach $800 billion, from a current valuation of $47 billion—a rise of 1,600%.

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