Metaverse

The demand for blockchain and metaverse technology has been on the rise lately. For businesses looking to bring their brand to Web 3.0 , Alibaba Cloud helps its customers with the transition....

Henan Cultural Tourism Investment Group, a state-owned investment enterprise in central China's Henan province, has established a 150 million yuan private equity fund ( $21.7 million) to fund metaverse projects....

Walt Disney Entertainment Co. reportedly canceled its metaverse plans as part of a decision to lay off 7,000 employees and reduce costs by $5.5 billion, according to an internal memo sent...

Construction startup Metaverse LandVault has passed a Series B round with $3 million, to attract virtual world and web3 investors to participate. LandVault, a company that describes itself as a...

Korean singer G-Dragon launched NFT collection on OpenSea in partnership with Fandom Studio, a platform for monetizing TikTok content using NFT and BNB Chain. The collection,  “Archive of PEACEMINUSONE,”  consists of 13,444 NFT...

The Korean Ministry of Science has announced that Korea will continue to invest $21 million in local services seeking to utilize the metaverse. According to the announcement, the $21 million...

Tencent has become the latest tech giant to scale back development into the metaverse, as it recently canceled plans to create virtual reality hardware, according to Reuters. The tech giant...

Microsoft has shut down the Industrial Metaverse Core team, a four-month project to encourage the use of the metaverse in industrial environments. According to a Thursday report by The Information,  the tech giant has...

Projects in the Metaverse segment such as MANA and ENJ have had an impressive recovery recently.  Metaverse-related projects are experiencing strong growth in the first months of 2023 and are somewhat outperforming...