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
Recently, layoffs have become more prevalent. Many firms operating in the cryptocurrency industry have started laying off employees as a means of cutting costs. Moreover, it was reported that Meta had is planning to follow suit and was getting ready for “large-scale layoffs.” Many have speculated that the Reality Labs
Rolex, the swiss luxury watchmaker, has applied for trademarks in Metaverse and NFT as per a tweet made by Mike Kondoudis, the United States Patent and Trademark Office (USPTO) licensed trademark attorney. Also, Rolex has submitted trademark registrations on cryptocurrencies. Luxury watchmaker #ROLEX has filed a trademark application claiming plans
Top 3 crypto coins that are used for Metaverse are SAND, MANA, and AXS. Sandbox surged more than 14% in the previous 14 days. The concept of “Metaverse” is frequently used in the media, on social media, and even in the government. Although the technology is not yet widely used,
The world’s first Metaseminar has been announced by the MetaMetaverse team, an open metaverse project that aims to maximize access for individuals, businesses, entities, and DAOs to create their own metaverse and govern society within its cosmic system. This announcement comes directly from MetaMetaverse CEO and Founder Joel Dietz. The
Island Shopping Mall, Mexico’s first metaverse shopping center. At this time, eighty brands have been verified. There are a number of benefits to visiting shopping centers in the metaverse. One advantage is that they can accommodate as many shops as the architects and builders can dream up. Island Shopping Mall,
The social media giant must pay $24,660,000 to settle 822 breaches. Meta has consistently raised objections to the regulations. Lately, the technology conglomerate Meta has become a hot topic of conversation. The corporation announced its earnings recently. The company’s bottom line took a serious blow due to investments in the
Facebook Reality Labs (FRL) divisions outlined a $2.8 billion loss in Q2, 2022. Shift from “Facebook” to “Meta” states Mark’s intention to get fully involved in the metaverse. Meta’s metaverse division recorded a loss of $3.7 billion in the third quarter of 2022, which is around 1 billion higher than
The goal of “Creativity in the Metaverse” program is to support the startup ideas. The acceleration program will boost Meta & Loreal’s international market & brand reach. Meta, the global social media lead has partnered with the pioneer cosmetic firm L’Oréal to power the metaverse and web3 startup accelerator initiated
State securities regulators in Texas, New Jersey, Kentucky, and Alabama issued orders. Slotie runs gambling games in more than 150 different online casinos. State securities agencies in four jurisdictions have joined forces to accuse a metaverse casino of breaking the law. By offering for sale NFTs that are considered securities.
