In Q2 of this year, Mark Zuckerberg’s Meta Platforms suffered an additional $4.5 billion loss on its metaverse division, Reality Labs. Revenue for Meta’s second-largest quarter ever came in at $49 billion, up 22% year over year, according to an earnings call held on July 31. Moreover, Zuckerberg pointed out
The Dream Computer, Somnia, has announced the release of Somnia Playground, an imaginative application that will simplify the process of creating and hosting metaverse experiences. With the help of interoperability protocols, Somnia is a 300k+ tps EVM Layer 1 that combines gaming, social platforms, NFTs, and metaverses to create a smooth,
According to recent reports, Meta is planning to reduce the number of vice president roles in order to make significant cuts. The corporation is continuing its attempts to reduce expenses and simplify operations in the face of a hard-economic climate, and the current round of layoffs will see the termination
The Singaporean McDonald’s in-app virtual environment was created in collaboration with Bandwagon Labs, the entertainment media tech company’s metaverse subsidiary, and McDonald’s Singapore. Bandwagon Labs Founder Clarence Chan outlined the three main components of McDonald’s metaverse. Singaporeans may now join in on the fun at McDonald’s “My Happy Place” metaverse,
RX Japan Ltd. has announced that Metaverse Expo Tokyo, Japan’s leading trade show for all Metaverse-related products/technologies, is accepting exhibitor applications for its upcoming July 2024 and November 2024 editions. If you’re looking to expand your business to Japan and beyond, this is your chance! Metaverse Expo Tokyo is the
Metaverse protocol and Layer 1 blockchain Somnia has launched its highly awaited Metaverse Browser. The browser’s design makes web3 onboarding easier, enabling users to start discovering the metaverse and producing customized content. The Metaverse Browser from Somnia offers access to virtual society and all of its benefits. It creates a simple
The educational sector will soon get access to Meta’s enterprise-level Quest services, the social media behemoth said on April 15. When it comes to extended reality (XR) headsets, the Quest models from this business are “by far the most popular on the market,” as Statista puts it. Moreover, by the
ZTX, a fast-growing social metaverse platform, has partnered with Mon Protocol, a leading publisher of blockchain-native IPs and gamers, to further enrich the respective communities, amid the ongoing mass adoption of web3 projects and digital assets. The strategic partnership will enable the Mon Protocol to introduce the ZTX metaverse platform
World’s First Web3 Native Metaverse Platform Revolutionizes Digital Interaction In an era where the digital world is rapidly evolving, one particular platform has emerged as a game-changer in the realm of GameFi. This platform, the world’s first web3 native metaverse, is redefining the boundaries of digital interaction with its innovative
The World Economic Forum reports that an increasing number of American manufacturing companies are looking to the industrial metaverse to solve complicated problems that arise throughout the production cycle. The World Economic Forum (WEF) revealed in a March 12 report that 92 percent of American manufacturing executives are looking at
