Metaverse News

While the buzz surrounding the metaverse has definitely died down, some big brands are still rolling out exciting new virtual worlds. Back in October 2021, Mark Zuckerberg made a huge announcement: Facebook was going to rebrand as Meta. This was…

Stablecoin issuer Circle has teamed up with Krafton-backed Overdare to expand the use cases of programmable USDC wallets. In a blog announcement on Feb. 26, Circle unveiled a strategic partnership with Overdare, a metaverse venture set up by game publisher…

China’s Supreme People's Procuratorate promised punishment for criminals utilizing blockchain technology and metaverse projects for nefarious operations. 

Mumbai, the financial capital of India, has launched a metaverse initiative aimed at previewing and showcasing the city’s infrastructure developments.  A new initiative called the Mumbai Metropolis Metaverse has launched offering 3D and virtual reality experiences of ongoing and future…

In a bid to dive deep into the web3 space, Forbes has rolled out a virtual ‘luxurious pool’ for players in The Sandbox. Forbes has recently announced its entry into The Sandbox metaverse, claiming a permanent piece of virtual land.…

Disney has embarked on a significant venture with Epic Games, the creator of Fortnite, to delve into the metaverse, a virtual space that is gaining traction in the tech and entertainment sectors. The collaboration involves Disney acquiring a $1.5 billion…

Reality Labs, Meta’s subsidiary focused on developing the metaverse, recorded an operating loss of $4.65 billion in the last quarter of 2023. Meta keeps doubling down on its bet on the metaverse as its expenses to develop virtual reality hit…

China’s Ministry of Industry and Information Technology (MIIT) has announced the formation of a working group aimed at setting standards for the metaverse. In a public notice on Jan. 19, MIIT stated that the metaverse working group was created to…

Upland distributed over $13.5 million to players' PayPal accounts in December 2023

Made for digital creators, the new metaverse-focused headset made by Siemens and Sony is expected to launch later in 2024. Siemens, the German multinational technology conglomerate, has teamed up with Sony to venture into the metaverse with a focus on…

The little-known cryptocurrency Metastrike saw an abrupt and massive spike in price on Friday, leaving investors scrambling to understand the reasons behind the rally

The idea behind the new initiative is to bring Ernest Cline’s Ready Player One novel into a multi-world open ‘metaverse experience.’ Metaverse startup Futureverse, backed by 10T Holdings and Ripple Labs, has unveiled a partnership agreement with Warner Bros. Discovery…

On the surface, things now seem very different from a year ago, with Bitcoin  (BTC) being more than double the $16,000-17,000 and the total market cap of crypto being comfortably above a trillion dollars. While the prices do indeed reflect…

Once a key player in the metaverse realm, Roblox anticipates a challenging 2024 as its investors voice concerns regarding the company’s ability to achieve sustainable profitability. Roblox, previously touted as a metaverse hub within the gaming platform space, is gearing…

GBA Capital Fund announced at a digital economic development conference its plan to invest over $10 billion in the web3 industry, focusing on the Metaverse, NFTs, and real-world assets. The latest move by GBA Capital Fund comes at a time…

Buoyed by strategic gaming and NFT initiatives, Dypius sees a massive trading volume spike, with investors driving a 167% increase in 24-hour activity.