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 agency wants to reach out to the younger generation of people. Developers and investors in the metaverse have expressed optimism. The Norwegian government’s Bronnoysund Register Center has opened a virtual office in the metaverse of Second Life. This has been possible with the help of the accounting firm Ernst
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.
Despite the crypto bear market, demand is still fueling the expansion of the metaverse, as evidenced by the latest report from DappRadar, the global app store for decentralized apps. Summary Despite a 91.61% reduction to $90 million in trade volume for virtual worlds in the third quarter, the number of
The first ever Metaverse specifically designed for law enforcement worldwide. Interpol metaverse will allow users to visit a virtual replica of the Interpol headquarters. The first-ever Metaverse specifically intended for “law enforcement worldwide” was introduced by International Criminal Police Organization (Interpol) at the 90th Interpol General Assembly in New Delhi.
Indian cricketer, Virat Kohli announces his partnership with the NFT platform, FanCraze. The collaboration allows cricket fans to buy and collect player cards, and play cricket games to win big prizes. Virat Kohli, an Indian international cricketer and one of the most influential sports figures has announced his entry into
Flipverse shopping will be available until October 23rd. Flipkart’s metaverse-based shopping would support 15 brands. Flipkart, one of the largest e-commerce firms in India, has partnered with decentralized music and entertainment company eDAO to launch the “Flipverse”, a metaverse-based shopping platform. Customers will be able to make purchases using their
The music video, animated in Unreal Engine, expands on the song’s use. Coinciding with the music video’s premiere, Astro gave out 11,111 digital donuts. Snoop Dogg is not new to Web3, NFTs and the metaverse world. His past collaborations and key interest in this sectors has been openly displayed by
This week, Meta opened and displayed a clip of all-new avatars, featuring feet. Meta dropped their aim of 500K monthly active users by the end of the year to 280K. Facebook’s predecessor, Meta, is still having trouble reaching its target market in the metaverse’s Horizon Worlds. This week, the firm
