Meta reportedly incurs losses of over $10 billion for the year 2021
Meta reported disappointing fourth-quarter financial results on Wednesday, sending its stock down more than 20% in after-hours trade. For the quarter, the firm formerly known as Facebook reported rapidly rising costs and expenses, as well as almost $3 billion in operational losses for its new Reality Labs business unit. Meta also forecasted lower-than-expected sales for […]
Virtual Real Estate (Land) in the Metaverse Explained
Ever wondered what it feels like to own virtual real estate or a digital piece of land? well, with the recent trends in technology and gradual migration to the Metaverse you can achieve this. It’s becoming clear that you must meet customers where they are, whether that’s online or in person. You must be there […]
Japanese crypto exchange Coincheck partners with The Sandbox to build a metaverse city
Coincheck, a Japanese crypto exchange, revealed on Sunday that it has teamed up with The Sandbox, to create a new metaverse city dubbed ‘Oasis TOKYO.’ The partnership is expected to boost The Sandbox brand in the Japanese market The project will be built on LAND, a virtual piece of real estate in The Sandbox’s metaverse […]
Sandbox partners with Warner Music Group to create a music-themed land in the Metaverse
Music lovers can now enjoy premium entertainment in the metaverse as the Sandbox has announced a partnership with Warner Music Group, or WMG, on Thursday to build a virtual musical-themed park and concert in the metaverse. The Warner Music Group’s LAND in The Sandbox will showcase concerts and live events showcasing WMG-represented artists and talent. […]
Turkish president calls for more research on the Metaverse
Turkish President Recep Tayyip Erdoğan who had earlier said no to crypto has an interest in the metaverse. He has called on leaders from the ruling Ak Party to discuss the metaverse, with Erdoğan urging for more investigation. According to a Daily Sabah newspaper, Erdoğan has ordered the Ak Party to research the metaverse , […]