The Metaverse’s real estate market is in the midst of a serious crisis. The rate of employment in the Metaverse domain fell by more than 81%. Because of Facebook’s major shift to the virtual world in 2021, the Metaverse became a prominent subject during the Bull Run in the crypto
Meta reported a free cash flow of $4.45 billion, down from $8.51 billion a year earlier. Bond issuance is related to a decrease in free cash flow for the organization. After a successful metaverse-based business model, Meta is planning to issue debt in order to support certain activities and sustain
Condense’s concept offers transmission services that are paid by time. There is a plan to establish a metaverse video study in Bristol. In its most recent round of seed fundraising, Condense, a Bristol, England-based provider of metaverse streaming technology, has secured $4.5 million. It is said that the money from
Institutions are discovering new uses for metaverse environments and gradually incorporating them into their daily operations. The Hong Kong University of Science and Technology (HKUST) has unveiled plans to merge its two campuses into a single virtual world. A new program, Metahkust, will allow university students from all over the
During the first three months of the year, this division earned $695 million. Zuckerberg has been promoting interoperability for the metaverse. The virtual reality and metaverse section of Meta’s (Facebook) Reality Labs, overseen by Mark Zuckerberg, suffered $2.8 billion in losses. This was disclosed in Meta’s second quarter 2022 earnings
The University of Tokyo is about to launch new courses related to the metaverse. The new metaverse course will educate learners about the working of the subject. The University of Tokyo is planning to introduce Metaverse-related courses in the educational field. According to recent reports from Japan, the University will
A unique collection of 25K Novatars is a one-of-a-kind creation resulting from a complex AI algorithm that considers factors such as race, ethnicity, and skin tone. Each NFT infant has distinct characteristics derived from the core nine genes. The NFT “Novatar” is quickly becoming part of a Metaverse with the
The technique predicts that each character will be different and surprising. Crypto Rabbits was the brand’s first collection of NFTs that was released in 2018. Blockchain’s decentralized and irreversible characteristics attract more businesses to use it in their new products. In a patent application, Xiaomi, a Chinese firm renowned for
Early LG joined metaverse in December. Now LG ART LAB has registered for NFTs trademarks. Electronic giant LG is the most recent business to concentrate on the Metaverse by registering NFTs trademarks for its LG ART LAB. On July 19, registered trademark lawyer Michael Kondouis revealed the trademark applications in
The metaverse would contribute $4 billion to Dubai’s economy in five years. It is hoped that future technologies will be used in Dubai to establish new job models. A new plan revealed on Monday seeks to make Dubai a worldwide center for the metaverse community and one of the top
