The business has eliminated all Web3 employees as part of its ongoing reorganization. Jake Sheinman, head of Snap’s Web3 team, announced his departure. On Friday, Snap Inc. CEO Evan Speigel revealed in a statement that the business has taken the painful choice to lay off 20% of its employees. According
The SHIB team is establishing the core structure of the metaverse project. Shiba Inu has added new members to their upcoming project. One of the most exciting initiatives in the Shiba Inu (SHIB) ecosystem for this year is the Metaverse project, “SHIB The Metaverse”. As per the recent blog post
Henceforth, AAG Ventures will be referred to as AAG. AAG will release its wallet in Q4 of 2022. The web3 infrastructure company AAG Ventures is boosting its betting on the Metaverse, after a productive year of assisting underprivileged people who used AAG to take advantage of the Play2Earn (P2E) revolution.
The Microsoft CEO claims crypto might have an impact on the gaming industry. Also, Phil Spencer worried about implementing cryptocurrency into games. In a recent interview, Phil Spencer, CEO of Microsoft Xbox division (gaming division) discussed his stance on the cryptocurrency sector, primarily play-to-earn gaming, and his understanding of the
The Sandbox is the next frontier for Spells of Genesis (SoG) as it expands into the Metaverse. Through the Spells of Genesis – Askian Door social hub, gamers may meet face-to-face with their favorite in-game characters. Metaverse experiences will help release a new wave of engagement between visitors and typically
Individuals criticized the announcement of Horizon Worlds’ release in Spain and France. Meta has been receiving flak for the substantial investments it has made. Mark Zuckerberg, CEO of Meta, a social networking and virtual reality firm, has announced updates coming to Horizon Worlds, the firm’s metaverse-focused app. Mark Zuckerberg recently
The Adademon team created an NFT land called Elysian Plains. The Overlord effect is one of the special characteristics of Elysium Lands. The Metaverse-based play-to-earn platform Adademon has altered the NFT gaming industry that it has signed a development contract with renowned NFT game production studio CUBIX.co. The Adademon team
Snoop Dogg, an American artist, is making great inroads into NFTs. On August 16, Cyrus filed trademark applications with the USPTO. In the next five years, Juniper Research predicts that there will be 40 million NFT transactions. The research predicts that metaverse-related use cases will be a major factor in
Metaverse Fund was established in Luxembourg and was worth around $30 million. Other areas of investment will include augmented and virtual reality (AR/VR) platforms. Invesco, a global asset management organization, has started a fund to invest in the Metaverse. A representative for Invesco told that the company’s Metaverse Fund was
The tech investment world has grown rapidly in the last 20 years since the dot com boom. Investors have gone from investing into micro chip manufacturing companies to internet marketplaces such as Amazon and eBay. And even though investors understand the rapid changes & growth of the tech world, they
