Well, there goes the metaverse!

Well, there goes the metaverse!

Meta’s enormous bet on virtual reality ended last week, with the company reportedly laying off roughly 1,500 employees from its Reality Labs division — about 10% of the unit’s staff — and shutting down several VR game studios, according to The Wall Street Journal. It’s a huge reversal for a company that, just four years…

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Animoca’s Sandbox overhauls as co-founders confirm new strategic roles

Animoca’s Sandbox overhauls as co-founders confirm new strategic roles

The Sandbox co-founders, Arthur Madrid and Sebastien Borget, have transitioned to new strategic roles amid an ongoing business optimization, Borget told Cointelegraph. The Sandbox, a metaverse-focused subsidiary of Hong Kong-based Web3 firm Animoca Brands, is restructuring its operations, with its co-founders moving into new strategic roles. Co-founders Arthur Madrid and Sebastien Borget have transitioned as…

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# Microsoft’s Activision buy may see more metaverse in the office and crypto in gaming

# Microsoft’s Activision buy may see more metaverse in the office and crypto in gaming

More signs say the acquisition will boost metaverse applications in business than in gaming as CEO Nadella talks about productivity and metaverse enthusiast Kotick leaves Activision. A lot was said about the metaverse when the Microsoft deal to acquire Activision Blizzard was announced in January 2022. The attention mainly was on business communications, rather than…

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#Oldenburg Film Festival Enters the Metaverse

#Oldenburg Film Festival Enters the Metaverse

The Oldenburg International Film Festival is entering the metaverse. The indie film fest, known as “Germany’s Sundance,” is celebrating its 30th anniversary this year with a new cooperation that will allow fans to enter a virtual reality version of the event. The collaboration between Oldenburg, German metaverse platform MILC and film critics’ site The Film…

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