metaverse

A letter from Mark Zuckerberg to the House Judiciary Committee has gone viral with the social media company founder and executive admitting to pressure from the government to censor certain content on Facebook. While the latest news could spell trouble for the role that social media platforms like...

Despite recent layoffs in its Reality Labs division, Meta Platforms Inc (NASDAQ:META) is moving forward with ambitious plans for its virtual reality (VR) and augmented reality (AR) hardware. According to The Information, the company aims to release the Quest 4 in 2026, followed by a higher-end...

One of the most anticipated speakers at Benzinga’s 2024 Future of Digital Assets event is Kim Currier, head of marketing and partnerships at the Decentraland Foundation. Through her leadership at Decentraland, a pioneering platform in the Metaverse, Currier has made momentous contributions...

Meta Platforms Inc (NASDAQ:META) reported its first-quarter 2024 earnings, revealing a revenue of $36.45 billion, which surpassed analyst estimates. Despite this positive revenue performance, Meta Platforms’ shares declined by 15% in after-market trading due to lower-than-expected revenue in...

Ethereum (CRYPTO: ETH) co-founder Vitalik Buterin shed light on the misconceived notion of the Metaverse during his appearance at the BUIDL Asia conference in Seoul.  What Happened: He said that the current understanding of the Metaverse, as a vast virtual space with immersive experiences...

In an exclusive interview with Benzinga, Ben Ferguson, COO of VR music platform Soundscape, shared insights into the fusion of music and virtual reality, and what the future holds for artists and fans alike. Soundscape, known for its dynamic performances from artists such as deadmau5, GRiZ,...

Meta Platforms Inc. (NASDAQ:META) CEO Mark Zuckerberg has reaffirmed his commitment to the metaverse despite the current AI hype. What Happened: In an interview with the Morning Brew Daily podcast last week, Zuckerberg addressed the apparent overshadowing of the metaverse by AI. The podcaster...

Electronic Arts Inc (NASDAQ: EA) CEO Andrew Wilson has hinted at the potential development of an EA Sports metaverse, revealing strategic plans during an earnings call. In response to inquiries about integrating the diverse sports communities under EA into a metaverse, Wilson provided insights into...

CEO of Meta Platforms Inc (NASDAQ:META), Mark Zuckerberg, instigated changes in his PR team following widespread ridicule of his metaverse avatar, reveals a recent report. What Happened: Zuckerberg took offense when his metaverse avatar, derided for its low-quality design, was mocked...

In a significant move in the gaming industry, SoftBank-backed Improbable, a British metaverse company, has divested its gaming subsidiary, The Multiplayer Group (MPG), to the Ireland-based video game developer, Keywords Studios, for $97 million. The deal was sealed on Sunday, as reported by CNBC....

Bim Afolami has been assigned as the new economic secretary to the Treasury in the United Kingdom, a position that involves overseeing policies related to cryptocurrencies and central bank digital currencies (CBDCs). This appointment was part of a recent cabinet reshuffle by Prime Minister Rishi...

SC Ventures, the venture capital arm of Standard Chartered, is partnering with Japanese conglomerate SBI Holdings to establish a digital asset joint venture investment company in the United Arab Emirates (UAE). The joint venture, which will be capitalized with $100 million, aims to invest in...

The year 2023 has had its share of themes and innovations, but perhaps none have been as impactful as the rise of artificial intelligence. The choice of “AI” as the word of the year by a leading dictionary is unsurprising to many, given its enduring relevance. What Happened: Much like...

Shiba Inu (CRYPTO: SHIB) is partnering with UGC creator platform, RSTLSS, seeking to capitalize on the strengths of the Shibarium blockchain. What Happened: The partnership is expected to amplify the latter's capabilities in creating wearables for both the digital and physical realms. Join the...

Yuga Labs CEO Daniel Alegre announced on Friday a major restructuring that included layoffs across various teams. This came during an intensifying focus on expanding into the metaverse, signaling a strategic shift in the company's priorities. As the digital assets...