More than four years after changing its company name from Facebook to Meta, the tech giant is pulling back from its virtual reality projects in a big way. Meta started cutting jobs this week in its ...

Meta’s grand metaverse experiment has reached a brutal inflection point. After Reality Labs racked up tens of billions of dollars in losses and wiped out a huge chunk of shareholder value, the company ...

Cuts expected to hit around 10% of Reality Labs' 15,000-strong workforce.

Nonfungible token (NFT) conglomerate Yuga Labs has agreed to acquire the metaverse-building startup Roar Studios as it looks to bolster its Otherside metaverse. Yuga tweeted the news on July 31, ...

Diga Labs, an innovator in the gaming and blockchain space, announced a strategic partnership with E4C, a metaverse game world by Ambrus Studio, to revolutionize gaming communities by blending ...

In this week’s newsletter, read about why the food and beverage nonfungible token (NFT) market is set to exceed $2 billion by 2032, check out the Bruce Lee avatar that has made its way into the ...

Meta has already lost over billions over its plan to dominate the metaverse and while its Horizon World's might not have been able to pick up, the company is planning a complete overhaul with a new in ...