Archives for Business - Page 24
Planetarium Labs Has Raised $32 Million in a Series A Funding Round
In a Series A funding round that was led by Animoca Brands, Planetarium Labs raised $32 million. Also participating in the funding round were WeMade, Krust Universe, and Samsung Next.…
Project Cambria Will be Officially Named ‘Meta Quest Pro’
Meta is planning to call its upcoming high-end Project Cambria virtual reality headset Meta Quest Pro, according to code findings unearthed by developer Steve Moser, Bloomberg reports. Bloomberg’ Mark Gurman…
Resolution Games Reports Record Growth in AR/VR Downloads
Stockholm-based XR game developer Resolution Games is reporting that it attained a number of growth of milestones in 2021. The year also saw the studio acquire another Sweden-based VR company…
Mona Raises $14.6 Million for Creative Metaverse
Metaverse platform Mona has raised $ million that will go into the development of a creative metaverse. Mona is a world-building space in the metaverse that provides 3D creators with…
Japanese Virtual IP Firm Raises $10 Million for Metaverse Play
Japan-based virtual IP firm Brave Group Inc raised $10 million in fresh capital as it looks to expand its business into the metaverse and web3 domains. The latest funding round…
Unity and Niantic Lay Off Hundreds of Employees
Bloomberg is reporting that Niantic CEO John Hanke announced that the company will lay off 8% of its staff which amounts to about 85 to 90 staff. An email sent…
KPMG Invests $30 Million in Employee Metaverse Training
KPMG is spending $30 million to train its employees in the metaverse and other web 3 projects. The consulting firm’s long-term objective is to explore other potential metaverse use-cases including…
Multimillion Singapore Toy Business Expands into the Metaverse With a Phygital Offering
Art, paintings, comics, and toys are some of the physical goods that are easily transferable and monetizable in blockchain and as nonfungible tokens (NFTs). A multimillion-dollar Singaporean toy business has…
Apple’s Mixed Reality Headset to Have M2 Chip
Bloomberg’s Mark Gurman is reporting that Apple’s upcoming mixed reality headset, still shrouded in secrecy, could be powered by Apple’s flagship M2 processor. Gurman says that the most recent version…
Meta Planning a Digital Wallet for the Metaverse
Meta is contemplating a digital wallet for the metaverse that will enable people to buy goods and manage their metaverse identities. Mark Zuckerberg mentioned this in a Facebook post announcing…