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Walt Disney has reportedly sacked almost all the employees that comprise its consumer experiences unit, the division in charge of its metaverse strategies, as part of a company-wide restructuring exercise. Disney plans to slash its workforce by about 7,000 in the coming months. Just over a year after joining…
The Sandbox and Gordon Ramsay have come together to form a partnership that can only be defined as the first-ever for Hell’s Kitchen. The brand has debuted in the metaverse through The Sandbox by setting up a venue in the digital world. The development was announced by The Sandbox,…
The inaugural Metaverse Fashion Week is here, thanks to the efforts of Gucci and Yuga Labs. Yuga Labs, a company best known for developing the renowned Bored Ape Yacht Club line, is assisting Gucci with the project. As they prepared for a new project, the businesses recently announced their…
The metaverse has the potential to be the next frontier of human interaction, as evidenced by the amount of activity that continues to pour into the space. It’s not just game developers pushing digital worlds but entire countries are setting up metaverse development funds. Major automotive firms, such as…
The team members of Everdome have been dedicatedly and, with a lot of extra effort, trying to give the finishing touches to their new in-world location, the Martian angle of the surreal metaverse project. They happen to be in the process of completing the overall detailing factors related to…
The Sandbox has made it plain to its metaverse partners that it will ensure security. It has been successful thus far, but as technology becomes more complex, it is now time to seek out partners to adopt stronger security measures. The Sandbox has partnered with Ledger Enterprise to offer…
MetaMetaverse, a metaverse platform, is rebranding to MultiversalME, to represent the company’s commitment of creativity and multiversal interoperability at scale. MetaMetaverse’s rebranding is to reflect its mission of enabling creativity at scale and focusing on multiversal exploration and interoperability. They have launched a new website through which customers can…
On episode 12 of Cointelegraph’s Hashing It Out podcast, Eche Emole, co-founder of Afropolitan, explains what it means to build a country on the blockchain. From an event and media company, Afropolitan has transitioned to a blockchain-based state of Africans on the continent and in the diaspora. Emole, an African…
The German government has allocated $1.2 million in funding for a metaverse game being developed by Flying Sheep Studios. The company, based in Cologne, will use the funds for the development of a game called Star Life, which will also include blockchain elements in the form of non-fungible tokens…
Paris Blockchain Week (PBW) kicked off its fourth year as one of the world’s largest conferences tackling all things blockchain, crypto and Web3. The event hosts over 10,000 attendees and sold out last year. Following two days packed with hackathons, talent fairs and investor demos, the main event of…
Immersive experiences are already popular in the entertainment, gaming, and fashion industries, but they can also be a tool to address various other corporate needs, like simulating manufacturing operations and training managers to have sensitive conversations. Deloitte made this bet in late February when it announced a partnership with…
The metaverse continues to be a hot topic in the Web3 space, as a group of industry professionals took to the Venus de Milo stage at Paris Blockchain Week 2023 to discuss the future of digital reality. In the panel “Metaverse Regulation: Dos and Don’ts,” the group discussed how…
The term “metaverse” is becoming increasingly common, but while many people have likely heard it used, they often don’t know what it means. It can be difficult to explain the term to someone outside the Web3 space, as the metaverse is still relatively new and evolving. The most important…
Paris Blockchain Week (PBW) kicked off its fourth year as one of the world’s largest conferences tackling all things blockchain, crypto and Web3. The event hosts over 10,000 attendees and sold out last year. Following two days packed with hackathons, talent fairs and investor demos, the main event of…
USM seizes this occasion to formally announce that it has formed a highly strategic partnership with Mises Web3 Browser. It is a very quick, secure, and extension-loadable browser that has built-in Web3 URLs and technical improvements that make it possible to use Chrome extensions on mobile devices. This is…
Paris Blockchain Week 2023 (PBW) is about to kick off its 4th year as one of the world’s largest conferences tackling all things blockchain, crypto and Web3. The event hosts over 10,000 attendees and was sold out the previous year. The Cointelegraph team is stationed in Paris for the…
A report issued by Globaldata, a global consulting and data analysis company, predicts that China will become a leading country in metaverse tech during 2023. The firm believes that the development of other technologies like artificial intelligence (AI), virtual reality (VR), augmented reality (AR), and 6G will allow China…
The Dubai Multi Commodities Centre, one of the biggest free trade zones in the world, signed agreements with governments and companies in South Korea to bring more Web3 and metaverse businesses to the emirate. The objective of this move is to consolidate the status of Dubai as an international…
Crypto investors should know by now that it doesn’t take much to topple a distressed multi-billion-dollar firm. On March 10, California regulators officially shut down Silicon Valley Bank (SVB) 48 hours after the company disclosed it was in financial distress. As Cointelegraph reported at the time, SVB is the…
The two entities, Hadean, along with Pixelmax, make a further extension of their partnership. The reason behind this happens to be the fact that they together will be involved in the development of the required framework for the boosting of content streaming in the Metaverse. In order to be…
Translucia recently announced the release of the unique multiverse convergence solution. The proprietary layer 2 blockchain, named LightLink Protocol, facilitates interoperability between apps on Polygon and Ethereum. The protocol aims to make Web3 easily accessible to everyone. The platform was launched in Bangkok on March 15th, with more features…
Meta, the social media company, will continue to shed part of its workforce, recently announcing 10,000 new layoffs to be executed during 2023 as part of its new efficiency policy. Mark Zuckerberg, CEO of the company, stated that artificial intelligence (AI) was currently the company’s most prominent investment, even…
The Sandbox seemingly takes an immense amount of pride in introducing MetaResidence One. This is the first unique open house experience for many. This happens to be the very first MetaReal mansion. This ambitious project is all about a real-world and freshly built home situated in Miami, Florida. A…
Social media giant Meta is aiming to boost its business model by reducing staff and increasing efficiency while shifting its focus towards investing in the metaverse and artificial intelligence (AI). On March 14, Meta CEO and founder Mark Zuckerberg announced the job cuts stating that the company needs to…
The Pokemon Company, a corporation in charge of the development of the Pokemon brand, might be preparing to make some moves regarding the franchise and the metaverse. The company has opened a job opportunity that includes experience and knowledge of fields like blockchain, Web3, and the metaverse as a…
Nissan happened to have filed three separate trademark applications, one for INFINITY, one for NISMO, and the third for NISSAN. This signifies the fact that the entity has plans to deliver virtual goods, which will include clothing, headgear, trading cards, as well as toys. There will also be tickets,…
Nissan has become the latest car manufacturer to increase its Web3 efforts by filing four new Web3-related trademarks in the United States. The trademarks, filed with the United States Patent and Trademark Office (USPTO) on March 7, cover its Infiniti, Nismo, and Nissan brands. The filings reveal Nissan’s plans…
Living Proof has taken a step forward in the metaverse by announcing that it will soon open a storefront in the metaverse. It has partnered with ByondXR for this purpose, allowing it to boost the creation of a virtual store with four rooms to attract visitors for an immersive…
Japanese automotive brand Nissan has become the latest car manufacturer to ramp up its Web3 efforts, filing four new Web3-related trademarks filed in the United States, while its Japan unit is experimenting with auto sales in the metaverse. According to Nissan’s Mar. 7 trademark applications to the United States…
South Korea has been making significant investments in the metaverse, seeing it as a potential new economic growth engine. The country’s Ministry of Science and ICT recently announced a major investment in a fund dedicated to driving metaverse initiatives, with the goal of supporting the mergers and acquisitions of…
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