#metaverse

Meta's virtual worlds development caused a loss of $5.7 billion

Meta Platforms Inc. multinational holding company's losses related to metaverse developments totaled $5.77 billion for the first half of 2022.

Dubai to create 40,000 new jobs in the metaverse

The UAE authorities have drawn up a development plan for the blockchain technology industry. The strategy aims to turn the region into a global technology capital.

Playboy to launch first Mansion in the Sandbox

Sandbox and Playboy have teamed up to create a new gaming experience in the Metaverse for lovers of NSFW content. 

McKinsey & Co: user spending in metaverses will reach $5 trillion by 2030

Analysts estimate that virtual reality e-commerce will represent $2-2.6 trillion

What is Horizon Worlds?

Horizon Worlds, a project originally conceived as a virtual social network by Mark Zuckerberg, has evolved into a Metaverse where users create their own worlds and write basic code. It is a well-detailed world of communication and character interaction, similar to real life.

What is Decentraland?

The Decentraland metaverse project dates back almost 7 years and is still developing. Cooperation with states and the world's leading brands brings the virtual world to a new level for all its participants.

Emirates Airline wants to sell tickets for Bitcoin and NFT

One of the world's largest airlines considers accepting bitcoin as a payment option.

Land plot cost in metaverses keeps dropping steadily

Popular NFT land plots in metaverses have been losing in value for the past few weeks. 

The OliveX Metaverse will award cryptocurrency for fitness activities

Hong Kong-based fitness meta-university OliveX opted to use advanced blockchain technology to support its customers' health. The company came up with the idea of a new cryptocurrency and NFT token earning model, which can be called "sweat and earn."

Meta creates an NFT-currency for its Metaverse

The financial branch of Meta Corporation is considering the possibility of creating a digital currency for Metaverse. The company seeks new income sources as Facebook and Instagram's apps drop in popularity.

Lego and Sony invested $2 billion in the creation of the Metaverse

Money was invested in the Epic Games game developer, best known for its Fortnite game. 

Metaverses as the most popular 2022 projects

Between 2020 and 2021, the number of times the Metaverse was mentioned in the news and reviews increased by 135%. However, many people still have no idea what it is or how it works. In this article, we will explore what the Metaverse is and its key features. You will find out how you can get into the Metaverse and what possibilities it provides for users, as well as the specifics of its technical implementation.

The UK launches its first ETF fund for the Metaverse

Why is it so important?

• This offers a new investment tool

Britain's largest bank bought a land plot in The Sandbox Metaverse

UK bank HSBC purchased a plot of virtual land to engage the sports community and interact with financial services providers. The deal amount was not disclosed.