Metaverse-focused Meta unit’s loss rises to $3.7 billion
In July–September 2022, the metaverse-focused Reality Labs unit within Meta posted a loss of $3.7 billion ($9.4 billion since the start of the year).Exploration of innovations in virtual worlds, including Play-to-Earn, GameFi, metaverses, simulation theory, VR, and AR, and their impact on financial and social processes.
Metaverse-focused Meta unit’s loss rises to $3.7 billion
In July–September 2022, the metaverse-focused Reality Labs unit within Meta posted a loss of $3.7 billion ($9.4 billion since the start of the year).
US Metaverse Casino Bans NFT Sales
Regulators in four U.S. states issued orders directing Slotie, the operator of a virtual casino, to immediately cease its unlawful activities, according to CNBC.
Interpol launches its own metaverse
The International Criminal Police Organization (Interpol) unveiled a metaverse at the 90th session of the General Assembly in New Delhi.
Indian online retailer Flipkart launches the Flipverse metaverse
The Walmart-owned Indian marketplace Flipkart began testing its own virtual world Flipverse.
Joseph Lubin likens today’s metaverses to the Internet of 1994
In the long term, augmented and virtual experiences will change daily life, but for now metaverses resemble the World Wide Web in 1994. This was stated in an interview with Decrypt by Joseph Lubin, founder of ConsenSys and a co‑founder of Ethereum.
Ozzy Osbourne and Soulja Boy to participate in Decentraland festival
Ozzy Osbourne, rapper Soulja Boy and DJ Dylan Francis, along with more than a hundred musicians, will participate in the second Metaverse Music Festival in Decentraland from November 10 to 13.
Japanese Prime Minister announces government investment in metaverses and NFTs
The Japanese government will allocate funding to promote Web3 services, including those related to metaverses and NFTs. This follows Prime Minister Fumio Kishida's address to the National Diet.
Improbable plans to raise £100 million ($111 million) for Otherside metaverse network
The startup Improbable, which is building the infrastructure for the Otherside metaverse for Yuga Labs, plans to raise an additional $111 million.
BlackRock to Launch ETF Focused on Metaverse-Related Companies
The world's largest asset manager BlackRock has filed to launch an ETF focused on metaverses. Bloomberg reports.
Five metaverses you can explore today
The metaverse is evolving fast. Here are five projects you can try today.We use cookies to improve the quality of our service.
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