Internet

Meta tests sale of virtual goods in metaverse

Meta, the parent company of Facebook and Instagram, will give content creators the opportunity to sell virtual items to users in Horizon Worlds, its main platform in the metaverse, the company said Monday.

Internet

Sony, Lego to put $2 bn into Epic Games metaverse effort

Japanese giant Sony and Lego's Danish parent firm announced Monday a $2 billion investment in US gaming powerhouse Epic Games for its work toward joining the metaverse vision for the internet's future.

Internet

Why doesn't the metaverse look as disruptive as it should?

Virtual real estate is booming. In December 2021, one buyer spent US$450,000 (around £332,500) on a plot of land in rapper Snoop Dogg's virtual world. Which begs the question of what will be built there.

Internet

Through the metaverse, and what can be found there

The term "metaverse" has entered pop culture lexicon in recent years, largely due to Facebook, but the idea itself isn't new. Since the late 1970s and early 1980s, many of those in the technology community have imagined a ...

Internet

Pokemon Go creator thinks metaverse needs to keep it 'real'

Niantic Labs CEO John Hanke has been working on technology that helps people navigate and enjoy places in the real world since he helped create Google Maps nearly 20 years ago. So it's not surprising that he isn't a fan of ...

Business

Shares of Facebook parent Meta plunge 23% on lower profits

Newly renamed Meta is investing heavily in its futuristic "metaverse" project, but for now, relies on advertising revenue for nearly all its income. So when it posted sharply higher costs but gave a weak revenue forecast ...

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