The Sandbox co-founder calls for digital assets to be treated as property
Digital assets, including cryptocurrencies and NFTs, should be recognised as 'legal property', according to The Sandbox co-founder Sebastien Borget.News, articles, and analysis on the development of metaverses and major projects in this field.
The Sandbox co-founder calls for digital assets to be treated as property
Digital assets, including cryptocurrencies and NFTs, should be recognised as 'legal property', according to The Sandbox co-founder Sebastien Borget.
Binance to Launch Build The Block Reality Show in the Metaverse
The cryptocurrency exchange Binance announced plans to host the reality show Build The Block in the metaverse. Viewers and a panel of judges will determine which of the 12 Web3 developers is worthy of becoming the next major project in the space.
Avalanche and Alibaba Forge Partnership to Develop Metaverses
The Avalanche team has agreed to cooperate with cloud provider Alibaba Cloud to create a platform for deploying metaverses.
Reality Labs’ metaverse-focused loss hits $4 billion
Reality Labs' operating loss for January–March 2023 (the metaverse-related unit of Meta) amounted to $3.99 billion. For the period, the company reported net income of $5.71 billion. Reality Labs' total loss for 2022 was $13.7 billion (in 2021 — $10.2 billion). During a conference with analysts, Meta's CEO …
Rights groups urge Meta to impose age limits on the metaverse
Dozens of human-rights organisations and internet-safety groups urged Meta to halt its plan to admit minors into Horizon Worlds, the metaverse. Bloomberg reports.
Attendance at Decentraland Fashion Week’s Second Week Falls 76%
In 2023, attendance at Decentraland Fashion Week fell to 26,000 from 108,000 a year earlier — a drop of 76%. The Block reports this.
Disney disbands metaverse-related division
The Walt Disney Company has closed its metaverse-related division, according to sources cited by WSJ.
Animoca Brands trims metaverse fund target to $800 million
Animoca Brands, the blockchain-game operator, has cut the target size of its metaverse fund to $800 million, Reuters reports citing sources.
Meta cuts prices on VR headsets
Meta announced price reductions for its VR headsets Quest Pro and Quest 2.
Attacker circulated phishing emails to The Sandbox users
The Sandbox metaverse warned users about a phishing attack.We use cookies to improve the quality of our service.
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