Thu, March 28

Automobile Manufacturer Fiat’s Metaverse Store Launched

One of the world’s top ten vehicle manufacturers, Stellantis, has opened its first virtual metaverse shop selling the Fiat brand of automobiles. Customers now will be able to virtually test drive the New 500 La Prima by Bocelli. And feel what it’s like to be inside and outside the vehicle

December 3, 2022 2 mins read

Daesung Private Equity Unveils $83.5M Metaverse Fund

The South Korean VC company Daesung Private Equity has made the decision to invest in the metaverse. On November 30th, the firm announced the creation of a fund dedicated to investing in the metaverse. With a total of 110 billion won (about $83.5 million). With the backing of the Korea

December 3, 2022 2 mins read

Animoca Brands Announces Gigantic $2 Billion Metaverse Fund

According to Yat Siu, co-founder and executive chairman of Hong Kong’s blockchain gaming behemoth Animoca Brands, the company will soon launch a gigantic $2 billion fund, entitled “Animoca Capital,” to invest in metaverse firms. During an interview with Nikkei Asia, the executive said that digital property rights would be a

December 3, 2022 1 min read

Sony Introduces Affordable Set of Wearables For Metaverse

Sony, a Japanese electronics titan, is making a new gamble in the Metaverse with its newest product. Sony has introduced a new line of wearable motion trackers that can be used in conjunction with smartphones to access the Metaverse. These movement sensors are compatible with both Android and iOS devices.

November 29, 2022 2 mins read

Meta Fined $277 Million by Irish Authorities Over Data Handling

Meta was fined by Irish data protection authorities for how it handled client information. The investigation that resulted in the €265 million fine (Approx $277) was conducted by the Irish Data Protection Commission.  An examination of the online dissemination of sensitive information on 500 million Facebook and Instagram users was

November 28, 2022 1 min read

Meta (Facebook) Added To Extremist List by Russian Justice Ministry

The Russian government has delivered a serious setback to Meta (Facebook). On Friday, Meta was reportedly designated as an extremist group by the Russian Ministry of Justice. An earlier ruling in Russia found that Meta was involved in extremist activity.  Additionally, Moscow censored Instagram and Facebook. They said it was

November 25, 2022 2 mins read

SHIB Merges With World Economic Forum For Global Metaverse Policy

Ought to be the hot stuff for the day, the developer of Shiba Inu (SHIB), the epic meme based coin next to the DOGE, put out a tweet about merging together with the World Economic Forum (WEF). The anonymous man behind the SHIB, going by the pseudonym Shytoshi Kusama, posted

November 23, 2022 2 mins read

Indian Universities To Welcome Its Education System in Metaverse

Few years ago, people were expecting to explore and experience the digital world with advanced technologies. In that period, a section of experts believed that the technological rise will lead to mass adoption of the metaverse in the next few years. Similarly, at present, it is possible for any user

November 21, 2022 2 mins read

Experience FIFA World Cup Qatar 2022™ in the Metaverse Launched by Upland and FIFA

As of today, Upland and FIFA have announced a multi-year partnership that will give the Upland community and football fans around the world access to collect, trade, and own FIFA digital assets and game video highlights. Additionally, the two organizations’ shared goal is to educate fans about how the metaverse and

November 9, 2022 3 mins read

Mark Zuckerberg Led Meta (Facebook) Lays Off 11,000 Employees

It has just come to light that 11,000 people, or around 13% of Meta’s staff, would be impacted by the decision. Mark Zuckerberg, CEO of Meta, made the news on the official blog. The crypto market is in disarray, and the IT sector has its own issues. Following Twitter’s big

November 9, 2022 1 min read