Meta Platforms reported a wider loss of $13.7 billion
2 hours ago 1 min read

Meta’s Reality Labs Division Reports Wider Loss of $13.7 Billion in 2022

Meta Platforms, formerly known as Facebook, has reported losses in its Reality Labs division, which develops virtual reality (VR) technologies. Despite the losses, the company plans to continue investing in the sector as it sees significant long-term opportunities. Reality Labs reported a loss of $13.7 billion in 2022 compared to $10.2 billion in 2021. The CEO, Mark Zuckerberg, said the company will launch its next-generation VR headset which will feature Meta Reality. Meta’s net income for the full year through Dec. 31 fell 41% to $23.2 billion. Despite this, the company’s stock price rose over 20% in after-hours trading on

Suzhou to become metaverse hub
3 hours ago 1 min read

China’s Suzhou City Stakes Its Claim as a Metaverse Hub

Suzhou, a city in China’s Jiangsu Province has announced a plan to become a hub for metaverse development and innovation by attracting over 200 companies in the VR tech industry by 2025. The city will focus on 30 areas, including healthcare, tourism, education, and city administration, and aims for metaverse-related industries to be worth 200 billion yuan (US$29.77 billion) by 2025. However, it faces competition from other cities in China such as Shanghai, Beijing, Guangzhou, Chongqing, Jinan, and the provinces of Zhejiang and Henan that have published their own plans for metaverse development. South Korea is also actively pursuing metaverse

GAIN Expo, May 04-05, Amsterdam, The Netherlands
4 days ago 1 min read

GAIN Expo, May 04-05, Amsterdam, The Netherlands

Not every leader is an innovator. But every innovator is a leader. On May 4–5, Amsterdam will be held the first event dedicated to innovation in the game industry. The exhibition will feature over 50 exhibitors who want to share their innovative products and developments.   How to use it? What is the interest? Why do you need to integrate it into your business now?   Take everything you have about NFT, AI, Metaverse, and AI – register and participate in the biggest innovation platform around the gaming industry.  In Two-day event will take part:  key software manufacturers  game developers  blockchain tech

Apple is set to release virtual reality (VR) devices
1 week ago 1 min read

Apple to launch VR platform on Decentraland

According to Bloomberg’s January 23rd report, Apple is set to release virtual reality (VR) devices later this year, which has sparked speculation about the potential impact on the cryptocurrency market. In particular, Decentraland (MANA) investors are keeping a close eye on the developments, as the Decentraland project is built around a virtual reality experience and its token is on the Ethereum blockchain. MANA has been performing well in the market lately, with a 118.49% value increase in the last 30 days. Some analysts are optimistic that the incoming VR launch could drive the price of MANA even higher. The Exponential

Seoul's Metaverse Project
2 weeks ago 1 min read

Seoul’s Metaverse Project Expands to Education and Tourism

The Seoul government has taken a major step forward in the development of the metaverse by launching “Metaverse Seoul.” This public metaverse project, led by the city’s mayor, Oh Se-hoon, is designed to allow citizens to interact with virtual representatives of the government in order to handle civil complaints and consultations. The program, which is set to be open to the public in 2023, will include services such as a fintech lab, a corporate support center, and the city’s top 10 tourist attractions. It will reportedly also facilitate a youth mentoring counseling room, civil service counseling, and tax services. This

LG's new partnership aims to bring metaverse platforms to TVs
4 weeks ago 1 min read

LG Electronics partners to bring metaverse interoperability to TVs

LG Electronics has partnered with Oorbit, a cloud-based technology platform, and Pixelynx, a company building an integrated music, gaming, and Web3 ecosystem, to bring the metaverse to TVs. The partnership will allow users to access virtual worlds, concerts, and AI-generated multiplayer games through their LG TVs, making it easier for consumers to interact in the metaverse. The collaboration aims to scale Oorbit’s proprietary technology, which connects virtual worlds and makes it easy for developers and brands to bring their experiences into the metaverse, for millions of LG TV customers. LG Electronics updated its business development goals in March 2022 to

Metavsummit 2023
1 month ago 1 min read

2022: The Year That Web 3 Will Never Forget

It’s hard to believe that 2022 is the year that saw NFTs being sold for 100s of millionsand Bitcoin reach all-time highs of around 60,000 USD. While at the same time being theyear that saw multiple crypto companies crumble, including the infamous collapse of FTX,and causing Bitcoin to fall to 16,000 USD wiping out hundreds of billions from the cryptomarket cap. It is simply a year that the Web 3 world will never forget. There were many downs in 2022. However, there are also a lot of positives thathappened to the Web 3 world. For instance, unstable companies such as

Samsung metaverse
1 month ago 1 min read

Samsung Expands into Latin America with Metaverse Initiatives

Samsung has committed to investing more than $35 million in the Latin American market to bolster its metaverse presence. This is part of the company’s effort to reach out to younger generations and enhance its digital presence. A multitude of businesses, such as Samsung, Sony, and Microsoft, have already started to incorporate metaverse-based advertising into their promotional campaigns. For example, Samsung released the “House of Sam” virtual reality attraction on Decentraland in October and the Space Tycoon metaverse experience on Roblox in July, giving users the chance to construct Samsung items using raw materials within a space station. Industry professionals

Argentine football team enters metaverse after world cup in Qatar
1 month ago 1 min read

Argentine sign a licensing agreement with metaverse platform Upland following Argentina’s World Cup victory in Qatar

The Argentine Football Association (AFA) has signed a licensing agreement with metaverse platform Upland following Argentina’s World Cup victory in Qatar. The deal will allow the AFA to bring its professional football league, the Liga Profesional de Fútbol (LPF), onto Upland’s metaverse platform, providing a new way for Argentinian football fans, teams, and players to engage with each other. The partnership includes the sale of various non-fungible tokens, such as digital collectibles featuring teams, clubs, players, tickets, and highlights from games, which will generate a new source of income for the LPF. Upland users will also be able to start

Jesse Lingard to Launch his JLINGZ Esports Brand into the Metaverse
2 months ago 1 min read

Jesse Lingard launches his JLINGZ esports brand into the metaverse

Jesse Lingard’s JLINGZ esports brand is partnering with Virtua, a game metaverse platform, to build unique fan experiences in the metaverse. This collaboration will involve metaverse esports, digital collectibles, exclusive access, virtual spaces, and video games. Virtua will give away Jesse Lingard VFLECT digital collectible avatars to the first 1,000 people to sign up for the partnership. The sports zone on Virtua Island will feature the JLINGZ Esports partnership and will also incorporate other celebrity and brand partnerships. Virtua has previously partnered with brands such as Williams Racing and Legendary Entertainment, as well as celebrities like Kevin Hart. Jesse Lingard,

The Fabricant Launches Web3 Fashion Experience
2 months ago 3 mins read

The Fabricant Launches Wholeland: The Ultimate Web3 Fashion Experience

Amsterdam, Netherlands, 5th December, 2022, Chainwire Pioneering startup The Fabricant has gone live with its boundary-pushing digital fashion storytelling project Wholeland, with a trailer that sets the scene for a provocative world that splices digital couture, mythology and the rave scene.  The ambitious move is designed to raise the bar for the wider digital fashion industry, and lead a shift in focus away from the bear market to building Web3 experiences that create long-term, high-value engagement. The OG digital fashion player is famous for its world-leading craftsmanship, gaining global prominence when it was founded as the world’s first digital fashion

Utherverse Partners with Tokensoft to Launch IDO for Native Metaverse Token
2 months ago 2 mins read

Utherverse Partners with Tokensoft to Launch IDO for Native Metaverse Token

New York, NY, 30th November, 2022, Chainwire Utherverse, one of the largest metaverse platforms in the world, has signed a partnership agreement with Tokensoft, the leading technology platform for launching digital assets. The deal will facilitate the first and second presale rounds of Uther Coin (UTHX) as part of the token’s initial decentralized offering (IDO). Uther Coin will be the primary token used for transactions throughout the next generation Utherverse Software Platform. Utherverse powers one of the most popular and advanced metaverses ever built. As such, Uther Coin will be needed by everyone accessing the preeminent metaverse.  “Tokensoft has proven