Tencent Says ‘Personnel Reshuffle’ Underway at Metaverse Unit, Denies Job Cuts
Tencent, which runs the Wechat social media platform and is China’s largest company by market capitalization, said it is executing a “personnel reshuffle” in its extended reality (XR) unit that handle metaverse initiatives and denied that it is cutting jobs in the department. Tencent’s XR unit – which has over 300 staff – was being partially disbanded, according to a Thursday report on the 36kr news site that covers China’s technology industries. The report cited unnamed sources. (forkast)
Prevu3D Raises $10 Million in a Funding Round Led by Cycle Capital
Prevu3D happened to have been successful in securing a loan amount of $10 million through a Series A round. This was duly led by Cycle Capital. It also brought in some of the previous investors of the entity, such as Brightspark Ventures and Desjardins Capital.
Crypto Evening Briefing: South Korea Commits $173 Million To Metaverse Development In 2023; HKSAR Government’s Inaugural Tokenised Green Bond Offering
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South Korea Commits $173 Million To Metaverse Development In 2023
Despite a worldwide slump in the crypto market that has eroded investors’ confidence in this industry, the Web3 space seems to be faring well amid the crypto winter. The evidence lies in South Korea’s decision to go all in on Metaverse in 2023.
How Would AI Assist with Metaverse Language Issue?
The language barrier in the Metaverse has been removed thanks to OneMeta AI, which was unveiled at CES 2023.
The Metaverse Is Already Here: Gamers Spent Nearly 50 Billion Hours on Roblox in 2022
Metaverse enthusiasts have something to cheer about, with Roblox growing on all fronts.
Only 4% of Companies in Spain Have Moved to Offer Services in the Metaverse
While surveys and estimations by banks and companies have predicted the metaverse will become a big business in this decade, some companies are experiencing problems in bringing their vision to the virtual world. A report presented by ISDI, a Spain-based business school, has shown that moving business models to the metaverse has proven difficult for national companies.
ScalingX Launches $20M for Web3 Accelerator and Hackathon
San Francisco — ScalingX, a top Web3 developer community and accelerator, is launching its accelerator with a committed investment of $20 million. The accelerator is designed to support and cultivate the Web3 ecosystem, with a focus on building scalable and secure infrastructure solutions such as zero-knowledge (zK) technology, decentralized finance (DeFi) and metaverse projects.
2022 Year in Review — One Year in the Making of the Open Metaverse
The Sandbox supports over 130 independent studios through our Game Maker fund, providing over $12 million in funding to help creators push the boundaries of creativity and entertainment in The Sandbox.
Ukraine IT Deputy Minister Says Country Ranked Among Top 3 That Love Metaverse
Ukraine has ranked third amongst countries that love the metaverse.
