After the hype of 2021 caused the value of metaverse lands ballon to astronomical heights, these land’s value has drastically fallen. Only one of the top 10 crypto assets in this sector has experienced a positive performance over the past 30 days, suggesting that investors are losing interest in Metaverse - related tokens. Data from CryptoSlate show that the ApeCoin (APE) associated with Bored Apes has lost 26.42% of its value over the past 30 days. It has dropped 7.84% and is currently tradin

The Canadian company is focused on multichain R&D and blockchain gaming, which is a growing industry that’s expected to achieve multi-billion-dollar valuations. As part of its expansion plans, Canadian Web3 infrastructure provider ChainSafe has raised $18.75 million from industry venture firms, providing the company with the resources necessary to expand operations at a time when blockchain infrastructure and gaming services are in high demand. Venture capital company Round13 served as the rou

Samsung has invested $25 million in DoubleMe, a metaverse firm based in South Korea, after establishing their own Metaverse store dubbed Samsung 837X in January 2022. Samsung Venture Investment and RHK participated in the investment as strategic investors, while Coentry, BNK Capital, VS Investment, NH Investment & Securities, Hanwha Investment & Securities, Hana Financial Investment, Shinhan Capital, IBK Investment & Securities, Timefolio, and Su Investment participated in the financial investm

While the majority of airlines have been attempting to streamline their staffing and businesses, Emirates is preparing for the metaverse. Emirates Airlines claims to be hiring 16,000 new cabin crew members, with a further 4,000 set to undergo experimental VR training. The announcement itself was made during the two-day Dubai Metaverse Assembly. This move makes sense for the airline firm, United Arab Emirates, which has made significant metaverse investments. The metaverse itself presents a hug

On Monday this week, CNN made the official announcement that it will no longer be undertaking any projects or forays in the world of Web3. The "Vault" team wrote via a Tweet, "That it's time to say goodbye to Vault by CNN." Vault by CBB was launched in 2021 to serve as a dedicated marketplace for its line of NFTs. Its goal was to give collectors the opportunity to acquire an item from a  piece of journalistic history. Similar to other collections, Vault's NFTs were created to showcase special e

Even as colorless conditions decimated digital asset markets, venture capital companies continued to fund the blockchain games in the third quarter, indicating that venture capital firms were more focused on the sector’s long-term value proposition. According to DappRadar’s latest BGA Games Report, between July and September, blockchain games and metaverse projects amassed a total of $1.3 billion in venture financing. While this figure was down 48% compared to the second quarter, it was rough

Meta Stages and Microsoft have partnered to provide a virtual reality experience for a few Microsoft Office 365 items on the Meta stage. It is anticipated that this progression will increase businesses' interest in testing and working with virtual environments. During Meta’s Connect 2022 keynote on Oct. 11, Microsoft CEO Satya Nadella said its Teams video calling app would integrate with Meta’s “Quest” and newly unveiled “Quest Pro” VR headset allowing people to gather in a virtual space akin t

In recent years, there has been an increasing number of gaming companies that have integrated digital wallet support and reward systems that are based on nonfungible tokens (NFTs), as well as developing their own metaverses. A $200 billion gaming industry is rapidly becoming a critical point of interaction between Web2 and Web3. In light of the growing prominence of GameFi in the Web3 economy, organizations such as Animoca Brands believe that the platform will become an entry point into the Met

An AI-enabled material maker for advanced creative and individualized metaverse creation was introduced in the Mona metaverse. In many Web3 activities, artificial intelligence (AI) is a mainstay. It is fundamental to the foundations of what decentralized technology is, from nonfungible token (NFT) creation to fraud detection. An AI-powered 3D generator for material creation was unveiled by Mona, a Miami-based Web3 social platform and 3D metaverse development company. Designers and makers on th