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Tag: Reality Labs

NFT News Digest: Axie Infinity appears on the App Store

In addition to the news that Axie Infinity the previously popular NFT game has appears on the App Store, in today’s NFT News Digest...

Apple Engineers Got To Build Headset By Promising Glasses

A new report from Bloomberg's Mark Gurman includes some interesting claims about the history of Apple's head mounted displays development effort.Gurman's report cites "people...

Is the Metaverse Dead? Eight Industry Experts Weigh In

Quick take: After recent stories suggesting the metaverse is dead, we asked experts to weigh in on the subject. We also managed to get their input...

Meta Reaffirms Commitment to Metaverse Vision, Has No Plans to Slow Billions in Reality Labs Investments

Meta announced its latest quarterly results, revealing that the company’s Reality Labs metaverse division is again reporting a loss of nearly $4...

Meta Profits Slump 23% as Metaverse Bet Continues to Cost the Company Billions

Facebook parent Meta reported profits fell 23% during its first quarter compared to last year on Wednesday, as Mark Zuckerberg’s social media empire tries...

China Wants AI Chatbots To Follow Communist Party Censorship Rules

Mark Zuckerberg may have popularized the term “metaverse”, but the Meta founder and CEO may no longer be pitching the metaverse to users and...

Meta Layoffs Affect VR Teams at ‘Lone Echo’ & ‘Onward’ Studios

Meta is the midst of a second large round of layoffs, and this time a number of employees in its internal VR...

Meta’s Virtual Reality Programmers Earn $1 Million

In recent years, Meta, the parent corporation of Facebook, Instagram, and WhatsApp, has indicated interest in expanding into the metaverse. This interest comes as...

Meta says new focus on generative AI could boost metaverse development: Nikkei

Meta Platforms Inc., the parent of Facebook and Instagram, is investing heavily in artificial intelligence (AI) and this will benefit its metaverse businesses, which...

Walt Disney reportedly scraps metaverse plans

Entertainment conglomerate Walt Disney Co. has reportedly scrapped its metaverse plans as part of its decision to lay off 7,000 employees and reduce US$5.5...

Meta Cuts 10,000 More Workers After Scrapping NFT Plans—Is the Metaverse Still On?

Meta’s workforce ballooned in recent years as the Facebook parent company signaled its ambitions for the metaverse—but recent moves suggest that it is feeling...

Meta Winds Down NFTs on Facebook and Instagram

Facebook-parent company Meta is ending support for non-fungible tokens (NFTs) across its social media platforms.In a March 13 announcement, Meta’s head of commerce and...

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