In 2022, Meta’s Reality Labs lost $13.7 billion, making it the company’s worst fiscal quarter ever
Meta has lost money because of CEO Mark Zuckerberg’s plans for the metaverse, and the most recent quarter was no different. Even though the social …
metaverse
Digital Village is L’Oréal’s First Foray Into The Metaverse Via Its Venture Capital Arm
L’Oréal’s investment in Digital Village shows that the company thinks the metaverse has a lot to offer the beauty industry. Camille Kroely, Chief Metaverse, and …
Epic Games Has Released Unreal Engine 5.1
The latest version of Epic Games’ Unreal Engine, which the company hopes will be used to construct the metaverse, was released today. The latest version …
Meta Spent $15 Billion Building The Metaverse, But Nobody Knows Where The Money Went
While more than $15 billion has been invested by Meta since the beginning of last year in its metaverse initiative, the precise whereabouts of this capital …
Startup Magic Square is Creating a Web Friendly App Store
A young firm is working to find a solution for Web3’s app store issue. Magic Square, which was founded about a year ago, is creating …
Twitch Cofounder Raises $14 Million For Online Store Rye
Rye is an online store that plans to use cryptocurrency tokens to create a less expensive version of “Spotify for eCommerce.” Launching a new startup …