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Tag Archives: metaverse

Meta Lost $13.7B on Metaverse Initiative in 2022

Mark Zuckerberg’s Metaverse bid proved costly for the company amidst a persistent bear market as Reality Labs lost $13.7 billion in 2022. According to Meta’s earnings release, the company’s metaverse arm recorded an operating loss of $4.28 billion in the fourth quarter, dragging down its total for the year. Facebook was rebranded as Meta in the fall of 2021 as Zuckerberg doubled down on efforts to create a digital universe where people can work, shop, play, and learn....

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Fidelity to Enter The Metaverse With Latest Trademark Applications

On Dec. 27, licensed trademark attorney Mike Kondoudis revealed the latest crypto trademark applications from Fidelity Investments. There were three applications filed broadly covering Metaverse technologies and services, NFTs and marketplaces, virtual land, and cryptocurrency trading. The first relates to digital media and NFTs, and the second is the provision for an online marketplace for the sale of NFTs. #Fidelity has plans for the metaverse! The company has filed 3...

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The Metaverse Will Influence Travel Decisions in 2023, BookingCom Predicts

The extended COVID-19 lockdown changed the travel industry —and the lifestyle of millions of people. But now that the pandemic seems to be under control, businesses are looking to rise from the ashes with new ideas to engage customers, and the metaverse seems like an exciting topic to explore. According to a survey conducted by the popular traveling portal to more than 24,000 people in 32 countries, a considerable number of users responded that the metaverse could...

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Warner Music Group Delves Deeper into Metaverse, Invests in DressX

American entertainment and record label conglomerate – Warner Music Group – is continuing to expand its metaverse strategy, evident in its latest partnership and investment in DressX, a digital fashion retailer. Under the agreement, Warner Music artists will be able to collaborate directly with DressX to design and launch 3D and AR virtual clothing, which can be collected and accessed by fans across various social media channels such as Instagram, Snapchat, and other...

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