Tag Archives: metaverse

On April 12, IMVU and Nadya Tolokonnikova, creator of Pussy Riot, a Russian feminist punk-rock collective, announced the creation of a community space in the Web3 metaverse during the NFT NYC 2023 event. According to Venture Beat, the Pussy Riot community space will be launched within the interactive 3D chatroom game IMVU. Additionally, the first 5,000 users who visit the metaverse and complete a free mission will unlock an NFT designed by Tolokonnikova. PUSSY RIOT’S FIRST...

According to the advocates, Meta will expose teenagers and young adults to harassment and privacy violations. Social media giant Meta has received a huge backlash following its recent Metaverse announcement. While its metaverse app Horizon Worlds currently serves users of 18 years and above, the platform recently revealed plans to make room for users aged 13 to 17 as well. Advocacy Groups Raise Concerns Dozens of advocacy organizations and children’s safety groups are already kicking...

Walt Disney has knocked metaverse plans off its priority list. The entertainment giant’s “next-generation storytelling and consumer experiences” division had been tasked with exploring metaverse strategies. But now Disney is eliminating the entire division as part of its restructuring map, which entails reducing the headcount by nearly 7,000 across the company over the next two months. Metaverse No Longer a Priority for Disney According to a WSJ report, Disney’s CEO Robert...

Gucci announced a multi-year partnership with Yuga Labs, the company behind well-known NFT collections such as Bored Ape Yacht Club (BAYC), CryptoPunks, and Meebits. The main aim is to explore “the intersection between fashion and entertainment in the Metaverse,” according to the press release. With the latest move, the Italian high-end luxury fashion house is cementing its place as an early mover in Web3. Gucci-Otherside Robert Triefus – who happens to be Gucci’s senior...

Animoca Brands has established itself as one of the most prominent investors in NFT, blockchain gaming, and metaverse-focused firms. But its appetite for metaverse appears to have taken a hit. In the latest development, the Hong Kong-based blockchain gaming giant has reportedly reduced the target for its metaverse fund by 20%. The report suggests that the company is scaling down its initiative in response to the volatility in the crypto sector. The fund Animoca Capital, which...

The transition of the MultiVersalME brand has already begun and is expected to be completed by the end of this first quarter. Emerging Web 3.0 startup MetaMetaverse has announced its new brand identity dubbed MultiVersalME, a move it believes will capture the scope of its innovation as a global metaverse brand. According to a press release shared with Coinspeaker, MultiVersalME will be making its debut with a completely new website and theme. According to the firm, its users can now access...

Japanese multinational automobile manufacturer – Nissan – has reportedly filed for four Web3-related trademarks at the United States Patent and Trademark Office (USPTO) last week. The applications are for its Infiniti, Nismo, and Nissan brands. According to the filing, Nissan intends to strengthen its foothold in the web3 space by creating virtual clothes, cars, headgear, trading cards, toys, tickets, and an online NFT marketplace for trading and minting NFTs. The filing also...

Mark Zuckerberg-led social media giant – Meta – is developing a decentralized text-based app called Codenamed P92. According to a report, users can log in to the new app through their Instagram credentials. The latter’s head, Adam Mosseri, has been roped in to lead the project. With the new app using existing Instagram data, including names, profile photos, and followers, among other things, this may not sit well with many since Meta has faced criticism in the past for its...

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