Archives for Business - Page 10
Disney Scraps its Metaverse Division in Cost-Cutting Measure
Disney is doing away with its metaverse division as part of its cost-cutting measures. The company is set to begin staff layoffs this week. Disney joined the metaverse wave following…
Q1 2023 Sees a Spike in NFT Trading Volume
After a plummeting of fortunes in 2022, metaverse land trading is seeing a fresh surge with trading volume hitting a new peak in early 2023, according to a report by…
Final Version of Omni VR Treadmill Now Shipping to Early Investors
The final version of Virtux’s Omni One VR treadmill will begin shipping to early investors. Virtuix had a successful crowdfunding campaign in 2020 which led to the development of the…
Starbucks NFTs Are Selling for Thousands of Dollars
The roaring crypto bull market of 2021 attracted even some of the most established brands. Starbucks is one of the mainstream companies to hop onto the NFT craze by launching…
Pico Delays US Headset Launch Following TikTok Congressional Hearing
The Verge reported that ByteDance is halting its planned US launch of its headset Pico 4 due to the ongoing TikTok hearing at Congress. ByteDance’s XR concern Pico Interactive had…
Mystic Moose to Convert Static NFTs into Real-Time 3D Models
The game studio Mystic Moose is enabling users to convert their static nonfungible tokens into real-time 3D models. Mystic Moose is better known as the creator of Mojo Melee and…
Will the NFT Art Market See a Rebound in 2023?
Non-fungible token (NFT) art generated a lot of buzz in the early heady days with widely publicized lucrative deals such as the $69 million sale of digital artist Beeple’e artwork…
Salesforce is Rolling Out an NFT Loyalty Program Platform for Big Brands
Salesforce is launching a platform where big brands can create NFT loyalty programs. Among the brands that have hopped onto the platform are Mattel, Crown Royal, and the clothing brand…
Google Stops Sales of its Glass Enterprise Smart Glasses
Google has now killed off its last Google Glass product, the Glass Enterprise Glasses, bringing to an end its tryst with augmented reality hardware. In a post on its website,…
Meta Scraps NFT Support on Facebook and Instagram
Meta has wound down support for non-fungible tokens (NFTs) on Facebook and Instagram. Meta began rolling out NFT support on these platforms less than a year ago with features that…