Meta reportedly cut metaverse budget by 20% as Q2 earnings call looms

Despite Q1 company earnings rising 27% year-over-year, Reality Labs will have to cut costs.

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Tokenizing music catalogs: The next frontier for Web3 and music industry

At the Proof of Talk 2024 conference in Paris, Serio Mottola, CEO of Music Protocol, advocated for integrating blockchain technology into the already established billion-dollar music industry.

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Google and Magic Leap partner up to make metaverse goggles despite past flops

Its unclear why the two companies have partnered up, but the scheme comes amid Apples push to dominate the spatial computing market.

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Virtual coaches unite as The Voice enters the metaverse

The Voice debuts its first metaverse gamified experiences that let fans coach singers on virtual stages, win NFTs for their predictions for the real-time show and score exclusive experiences.

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More than half of the Fortune 100 uses Apples Vision Pro headset

Spatial computing in the industrial metaverse appears to be paying off for the company that Steve Jobs built.

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Religious leaders debate going to church in the metaverse

With the Pope sounding off on AI recently, the discourse surrounding religion and technology has heated up.

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EU touts health benefits for children in the metaverse despite risks

The European Unions in-house think tanks says the metaverse can help children heal from diseases.

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Meta to let Xbox, Lenovo, Asus build new Quest metaverse hardware

Each company has its own special plans for the Quest mixed-reality device.

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Top metaverse property investments suffer massive losses: Report

Prices of virtual lands on some of the top metaverses have declined significantly from their peak prices of 2022, with most depreciating around 90% in value. A study published by CoinGecko shows that popular metaverse properties, such as Otherdeeds, The Sandbox, Decentraland, Somnium and Voxels, have all depreciated in value during the period studied, from [...]

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Metaverse division’s $4B loss drags on positive first quarter for Meta

Zuckerberg expects Reality Labs operating losses to increase year-over-year in 2023.

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Meta Q2 earnings: Reality Labs losses top $7.7B year to date

Meta’s metaverse-related losses topped $3.74 billion over the second quarter with the Big Tech player spending $7.7 billion on its virtual reality business so far in 2023. Its second-quarter results released on July 26 saw Meta report an 11% revenue gain compared to the previous year, totaling $31.9 billion. Its metaverse-focused Reality Labs revenue topped $276 million. [...]

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NFT.NYC: Games and tokenization are driving NFT industry maturation

From tokenizing investment assets to game avatars, nonfungible tokens (NFTs) have an array of applications that go beyond digital art, with more projects coming online despite the market downturn in 2022.  At the NFT.NYC 2023 conference, Cointelegraph’s team learned first-hand from experts, projects, companies, and the NFT community how the technology is shaping the digital [...]

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Original Snow Crash Manuscript Goes Up for Auction

Snow Crash-inspired NFTs will also be auctioned. (Read More)

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10 emerging technologies in computer science that will shape the future

Discover 10 emerging technologies in computer science that are set to shape the future, including quantum computing, extended reality and robotics.

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How AI can make the metaverse a more interactive space

The metaverse will likely impact physical and social interactions, with artificial intelligence a critical factor in this shift.

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Donald Trump's NFT Trading Card Collection

On Dec. 15, 45,000 self-themed trading cards were released for $99 apiece. The collection has generated approximately $1.2 million in secondary sales. Sewer Pass NFT transactions on secondary markets are strong. #NoNeoNFT emerged when the company's Solana network NFT collection failed. NUS claims the HaptGlove simulates touch and grip more realistically than conventional gloves. (Read More)

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Nifty News: Trump NFTs surge 800%, Yuga Labs blacklists NFT exchanges, and more

Donald Trump’s NFT collection started out strong but then started looking lifeless up until a few days ago.

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Top 10 Metaverse Tokens That Could Explode in 2023

This article is all about the top 10 Metaverse tokens that could explode in 2023 and invest in 2023. Let's take a look at it in more detail.

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Metaverse experience to sway real-world travel choices in 2023: Survey

A survey participated by 24,179 respondents across 32 countries reveal that nearly half, or 43% of the respondents, intend to use virtual reality to inspire their choices.

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The metaverse is a new frontier for earning passive income

Those looking to earn passive income in the metaverse have several available options, but how profitable and durable these are isn’t yet clear.

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