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The metaverse hype that began in 2021 dissolved almost entirely by the end of 2022 as the top projects in the space, Decentraland, and The Sandbox, lost 95% of their market capitalization. The most prominent reason for the fall was lack of usage growth. Still, the metaverse narrative is far from
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“Our legislation will be the framework for a digital euro,” Mairead McGuinness, the European Union's financial services commissioner, told lawmakers on the Economic and Monetary Affairs Committee Tuesday. “It will be negligent if Europe did nothing now, but at some point in five or 10 years had to urgently rush
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The latest round of layoffs at Microsoft, which announced it will cut 10,000 jobs this year, has hit key teams for its VR (virtual reality) and metaverse efforts, according to reports. The company will close two projects in these areas, Altspacevr and the Mixed Reality Tool Kit, potentially affecting the
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Last year the crypto and Web3 saw a dichotomy between extremely turbulent markets, yet high prospects for the future of the space. Both users and investors alike have continued to pile into the industry, especially in areas concerned with the metaverse.A new survey from CoinWire, which surveyed over 10,000 investors in the
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Place/Date: - January 20th, 2023 at 5:19 am UTC · 4 min read Source: Big Eyes Coin Welcome to the Metaverse, a virtual world where anything is possible and cryptocurrencies shall reign supreme.The Metaverse used to feel like a distant futuristic term,
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The World Economic Forum (WEF) has announced the rollout of the Global Collaboration Village, its own metaverse platform, for this year. Klaus Schwab, chairman of the WEF, plans to leverage this representation of Davos to allow people and leaders to meet in virtual worlds and coordinate global collaboration efforts efficiently. WEF
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The metaverse has been a buzzword inside and out of the Web3 world over the last year. Moreover, development in the metaverse is something that has remained strong relative to the overall turmoil of the decentralized space.It is also a hot topic at the 2023 World Economic Forum (WEF) in
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Whether it’s trading state-backed virtual currencies or jumping between virtual worlds, common standards for digital economies are still hotly contested in global forums. Source
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Metaverse decentralized infrastructure service provider OVER has launched its much-awaited OVER GATE Console as it seeks to play a more dominant role in the evolution of Web3.0 through the powers of Augmented Reality.The OVER GATE Console is designed to bring help users to create geo-localized experiences that will help in
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The city of Shanghai is bringing metaverse activities to 20 urban locations, that will allow citizens to use digital tools in different ways according to the area. The initiative is part of a pilot program of the Shanghai Municipal Commission of Economy and Informatization to push more metaverse applications to
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