Meta Coughing Up Big Money to Developers Building Their Metaverse
Wall Street Journal says that Meta’s programmers working on the company’s virtual reality suite can earn total compensation from “$600,000 to packages approaching $1 million.”
Crypto Evening Briefing: Prosecutors Urge Binance to Block Do Kwon from Liquidating Millions in Crypto
Korean prosecutors have contacted Binance, requesting it to prevent crypto fugitive Do Kwon from withdrawing funds. Prosecutors fear that Kwon will start liquidating crypto from the proceeds of selling property.
Salary Packages Approached $1 Million As Meta Paid to Play in Metaverse
Meta, previously known as Facebook, is reportedly offering exorbitant salaries to programmers to build out virtual reality-powered games, apps, and technology for the metaverse, according to anonymous insiders. Programmers are said to be earning total compensation packages approaching $1 million, which is significantly more than what is being offered by other gaming companies, according to Andiamo CEO Patrick McAdams. The company is investing heavily in the development of the metaverse, a seemingly realistic computer-generated space where users can interact with each other. Despite Meta's high salaries, the company is also facing cost-cutting measures, having announced plans to lay off 10,000 workers last month.
Representing and Expressing in the Metaverse
As we construct the Metaverse further, we realize that it is our duty to promote a digital environment that is really welcoming as well as available, where anybody may contribute their own ideas and work.
Futuristic Business-Art Atmosphere Awaits You at #NFTSE 2023
From July 14th to 15th 2023, the Spanish city of Valencia will host the second edition of NFT Show Europe, one of the world leading events on web3, Blockchain, Metaverse, Virtual Reality and Digital Art. An international meeting point for experts to share their insights on the next era of the internet in a futuristic business-art atmosphere.
SuperWeb3 Entrepreneur Demo Day on April 6th
SuperWeb3 hosted the 6th Online Demo Day on April 6th, 2023 on ZOOM. There were 11 Web3 start-ups from around the world and 107 Web3 investors registered for the event. The start-ups are building products in GameFi, Infrastructure, Metaverse, NFT and Utility. All 11 start-ups showcased their innovative products to potential investors.
DWF Labs Backs The Development of Sensorium’s Web3 Platform With $2.5Million SENSO Token Purchase
According to the agreement, DWF Labs has committed to a purchase of $2.5 million worth of Sensorium's native token SENSO. To date, the trading firm has secured over 35 venture capital deals with Web3 companies through token allocations.
Crypto Evening Briefing: Japan Approves Web3 White Paper to Promote Industry Growth in the Country
The document proposes more tax reform, clearer accounting standards and a DAO law.
EU Consultation Warns on Risk of Big Players Becoming Metaverse Gatekeepers
The European Commission has warned that big online players could dominate the metaverse, blocking out local companies. The EU's executive arm is set to issue proposals in the coming months, but they likely won't include a draft bill. The draft has raised fears about potential dominance from web giants like Meta, citing issues like equality, data privacy, cybersecurity, openness, and finance for local businesses. The EU recently passed a Digital Markets Act to rein in supposed anticompetitive behavior by internet giants such as Meta, Google, and Amazon, but is worried similar trends could occur in later iterations of the internet economy.
Yuliverse Closes Seed Round Led by LIF
Yuliverse, the mobile metaverse app that combines gaming and social networking, has announced the completion of its seed round, led by LIF, with participation from Archerman Capital, Animoca Ventures, TKX, Hummingbird Capital, and Lionrock.
