Is Metaverse Dying? Alibaba Reduces Operations Amid Restructuring Plans
TL;DR Alibaba announces significant layoffs in its metaverse unit, Yuanjing, as part of a broader restructuring effort, reflecting a trend among tech companies to scale back
The Metaverse is a digital environment in which users can interact, buy and sell assets and even digital land.
This concept is completely revolutionary for the way we interact with other people and companies. In fact, many companies are already investing in the development of their own Metaverse.
The Metaverse clearly benefits from blockchain technology and cryptocurrencies, as they allow it you to have its own independent and decentralized economic system.
Find out all the news about the Metaverse.
TL;DR Alibaba announces significant layoffs in its metaverse unit, Yuanjing, as part of a broader restructuring effort, reflecting a trend among tech companies to scale back
TL;DR Somnia has launched the Metaverse Browser to make it easier to access and create content in the metaverse. The browser offers an intuitive interface for
TL;DR Breakthrough in tracking: Wi-Fi and AI revolutionize human tracking in the metaverse. Adaptive Solution: Overcome limitations with precision and versatility. Broad impact: Disruptive potential in
TL;DR Apple Metaverse: Victoria VR leads with the first crypto metaverse app for Apple’s Vision Pro. $VR and Participation: $VR Token on Ethereum, encourages participation and
The recently published report by Interpol highlights the growing relevance of metaverse platforms as innovative tools to strengthen law enforcement capabilities worldwide. The Interpol metaverse expert
Meta, the parent company of Facebook, is gearing up for staff reductions within its Reality Labs division, a crucial driver of its metaverse initiatives. Employees received
Meta announced on Thursday that it is expanding its “Horizon Worlds” metaverse ecosystem from virtual reality (VR) headsets to mobile devices and desktop web browsers.
Bain & Company, a prominent American management consulting company, has claimed in a press release that the metaverse market size could reach up to a massive $900 billions by the
Meta, formerly named Facebook, isn’t giving up on its metaverse dream despite Reality Labs, the metaverse-focused division within Meta, continuing to operate at a loss. Even after incurring billion
Vishal Shah, Meta’s VP of Metaverse, believes the “metaverse hype is dead,” suggesting global conglomerates including Disney, Microsoft, and other firms, are putting their metaverse ambitions
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