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Meta To Pay $725M In Historic Settlement In Cambridge Analytica Case

Meta Platforms agreed to pay around $725 million to resolve a class-action lawsuit that involved Cambridge Analytica in a historic settlement. Reports emerged that Meta Platforms agreed to pay $725M to...

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Seoul Government Unveils City’s Metaverse Project To Public

Based on a statement by Seoul Mayor Oh Se-hoon, the virtual environment will enable residents to access official documents, file all sorts of complaints, and get answers to questions on filing taxes....

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Web3 Company To Run Super Bowl Ad For NFT Game As Crypto Is Ignored

Some of the major operators in the crypto space had their commercials booked for the Super Bowl but they decided to pull out after the abrupt implosion of the FTX exchange. The 2022 Super Bowl was...

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Meta’s Mojo Returned As Surprise Earnings Fueled Big Tech Rally

Meta Platforms Inc (META.O) shares surged almost 28% on Thursday and helped trigger a rally in the technology sector after the Facebook owner baffled Wall Street by lowering its spending forecast and...

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Abu Dhabi To Support Growth Of Web3 Startups With $2B

The initiative promises to offer Web3 startups access to corporate, government, and investment partners in the global markets and the UAE. Hub71, Abu Dhabi’s technology ecosystem, has announced a new...

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Tencent Ditches Plans For VR Hardware As Metaverse Bet Falters – Sources

Tencent Holdings (0700.HK) is scrapping plans to venture into virtual reality hardware, as a dismal economic outlook prompts the Chinese tech giant to slash costs and headcount at its metaverse unit,...

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Tencent Cloud Signs Several Partnership Agreements With Blockchain Companies

Tencent Cloud, a Chinese internet cloud behemoth, is introducing new Web 3.0 solutions including blockchain API services and a Metaverse-in-a-Box product. Based on a February 22 press release, Tencent...

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Dolce & Gabbana And UNXD Partner To Host A Contest For Fashion Innovators

Dolce & Gabbana and UNXD are currently promoting a revolutionary digital wearable challenge that forms part of the 2023 Metaverse Fashion Week. Their unique Rewind Competition will feature emerging...

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What Crypto Will The Metaverse Use?

The metaverse has taken over the internet space and managed to become the favorite new buzzword. Notably, crypto and the metaverse seem to be intertwined significantly. Companies like Meta Platforms...

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A Massive Blow For NFTs As Instagram And Facebook Abandon Ship

Meta Platforms has been at the forefront in supporting NFTs creators since late 2021. But, in the latest news, Facebook and Instagram have abandoned the sector in a move that will deal a major blow to...

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