Disney is making $5.5 billion of spending cuts as years of mismanagement and internal strife finally catch up to it. The fifty workers in its metaverse team are collateral damage of a civil war that has rocked the house of
As the scale of web3 and the metaverse continues to grow, apps and services may have to contend with an influx of duplicate accounts seeking to steal user identities to defraud and deceive. Experts believe that many of the malicious
Some of Japan’s leading companies have joined forces to collaborate on a project dubbed the Metaverse Economic Zone. The venture will focus on creating an ‘open metaverse infrastructure’ through pillars such as interoperability, gamification, fintech and information communications technology (ICT).
Artificial Intelligence (AI) and ChatGPT have been the tech buzz words of late, and now the man credited with inventing the World Wide Web, Tim Berners-Lee, has stated his belief that we’ll all eventually have our own personal AI assistant
TikTok has diluted the dominance of the two largest online advertising platforms – Google and Meta, as the incumbents no longer rake in the majority of U.S. advertising money. Insiders in the industry expect the trend to continue in the
Metaverse tokens with more than $1 billion in market capitalization plunged more than 90% in value throughout 2022 due to an industry-wide tanking of the crypto and metaverse markets. Among them, ApeCoin (APE), Flow (FLOW), The Sandbox (SAND), Decentraland (MANA), Axie
Singapore is emerging as a hub for the Metaverse as global companies are attracted to the country to establish web3 businesses, presenting a significant opportunity for local talent. Singapore, known as a finance and tech hub, is now positioning itself
Chinese metaverse entrepreneurs are turning to overseas markets as the strict regulatory landscape back home is pushing them away. World over, metaverse and Web3 have become the buzzwords with tech companies and entrepreneurs scrambling for exciting business opportunities. Parent firm
Mars4 is booming thanks to game demos and Japanese KOLs. Mars4 has raised sales in June’s first weeks. Japan is Mars4’s biggest market due to its regional marketing strategy. Mars4 is capturing the Japanese market with Daisuke and Crypto Train.
Hong Kong-based software and venture firm Animoca Brands has secured $358.8 million in capital investments to fuel new acquisitions in the nonfungible token (NFT), gaming and metaverse sectors, further cementing crypto’s biggest trends in 2022. MetaNews. The funding round was
Amidst Chinese government warnings about cryptos, NFTs, and the Metaverse, Wuhan City joins a growing list of Chinese cities and provinces to go Metaverse. Metaverse interest in China spikes in spite of government warnings Despite persistent government warnings, we reported
The Sandbox, a leading decentralized gaming virtual world and subsidiary of Animoca Brands, announced today that it has added multiple Hong Kong partners from the film, music, entertainment, gaming sectors, etc to create Mega City, a new cultural hub. The
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