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Part of one of the applications applies for trademarks related to software for “management of digital transactions; use as a digital currency wallet and storage services software; use as a cryptocurrency wallet; and managing and verifying cryptocurrency transactions using blockchain technology," while another one is an application related to “providing
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Not everyone is convinced that Mark Zuckerberg’s massive metaverse experiment is a good idea. Since Facebook rebranded to Meta in 2021, the social media giant’s focus has increasingly shifted to connecting the digital and physical worlds through augmented reality. However, a shareholder of the company recently issued a letter to
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“If the motivation is only money, it’s [not] going to have a future,” Chopra said, referring to tech conglomerates, such as Meta, that are attempting to be pioneers in the metaverse. Meta recently reported its venture into the metaverse is not making the money it expected, revealing a loss of
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Big Five technology player Meta is still burning cash through its Metaverse research and development arm Reality Labs with a $3.67 billion loss posted for the third quarter of 2022, stating those losses will further deepen next year.The company’s Q3 2022 earnings released on Oct. 26 show the biggest-ever quarterly
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Meta's revenues for the division came in at $285 million, down from $452 million in the second quarter. Source
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At the Nokios conference on Wednesday, the Brønnøysund, Norway’s central register, and Skatteetaten, the nation’s tax authority, announced that they’re partnering with consulting firm Ernst and Young (EY) to establish an office in Decentraland. The goal of the initiative, according to Nokios, is to deliver services to younger, tech-native individuals
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Place/Date: Tampa, Florida - October 26th, 2022 at 1:36 pm UTC · 4 min read Contact: Steve McGarry, CEO, Source: SandStorm Media Inc. The largest metaverse builder community SandStorm has launched its self-serve build proposals, making it easier for brands to hire on-demand builders. SandStorm is a builder
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sponsored Did you know? Due to the decentralized nature of NFT domains, users can host decentralized websites with legitimate ownership, control, and management access. Only the NFT domain owner is capable of making modifications to the domain, which also gets rid of third-party interference and centralized control. But what is Quik.com doing
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The report, spread out over 116 pages and split into two parts, is the result of an exploratory mission into the metaverse, set in February 2022 by members of the French government, including the ministers for finance and culture. The document outlines opportunities and challenges the metaverse presents and how
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Meta should address investor concerns about Instagram usage headwinds, spending on building the metaverse given the perceived lack of user traction, high capital expenditures that are impacting free cash flow (FCF), Reels content quality and margins and progress and a timeline for targeting improvements, the note added. Original Source
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