metaverse

Investing in the Metaverse and NFT industry is possible through various options. Although it requires a certain degree of cryptocurrency awareness and expertise, buying crypto assets and non-fungible tokens is the most straightforward one. However, using the Metaverse Index or an NFT ETF changes...

You will often see NFT projects explain that their work is about building communities. In a grand sense, this is certainly true. The value of NFTs like the value of crypto and arguably all currency is staked in belief — the more people actively supporting a project, the more likely the...

Silicon Valley-based venture capital firm Andreessen Horowitz, or a16z, plans to launch a new $600 million metaverse fund.  What Happened: In a recent blog post, Andreessen Horowitz announced the launch of the fund, which would support innovation in the gaming industry and help build the...

Users can now mint land using the Shiba Inu (CRYPTO: SHIB) token in its metaverse. What Happened: In a Twitter update on May 4, SHIB developers said that a new minting option had been released. New minting option has been released on https://t.co/f2oLn05qWk! Mint lands with $SHIB! Minting with $...

Spotify Technology (NYSE: SPOT) is headed to the metaverse with the help of a video game company. What Happened: Spotify announced the launch of Spotify Island inside the Roblox game from Roblox Corp (NYSE: RBLX). “Pack your bags, because Spotify is taking a journey into the metaverse...

The Otherside is a new metaverse project that has sent ripples of excitement throughout the Web 3.0 community. As the official drop on Saturday, April 30, draws closer, you may wonder if Otherside land deeds, called Otherdeeds, can be profitable and how to actually get ahold of these sought-after...

American retail giant Walmart Inc.'s (NYSE: WMT) Indian e-commerce arm Flipkart has launched an in-house innovation unit called 'Flipkart Labs' to explore ways to expand into the Metaverse and Web3.  What Happened: The company said its innovation lab would enable Flipkart to test...

Facebook parent Meta Platforms Inc (NASDAQ: FB) said in its first-quarter earnings report that its Facebook Reality Labs division incurred a loss of $2.96 billion in the period. What Happened: Reality Labs, which encompasses Meta’s augmented and virtual reality segments, reported a loss of $1...

The world's largest social media company announced a rebrand back in October. Here's a look at how shares have performed since the announcement. What Happened: Facebook announced a rebrand to Meta on Oct. 28, 2021, as reported on Benzinga Pro. “Connection is evolving and so...

Meta Platforms Inc (NASDAQ: FB) will open a metaverse-themed interactive store in Burlingame, California. What Happened: The company said on Monday the store would open on May 9 to give users a “hands-on experience” with the hardware. Users can make video calls...

The re-election of French President Emmanuel Macron may come as a key milestone for the adoption of cryptocurrencies in Europe as the leader painted a rosy picture for the asset class in an interview. President Macron, in an interview with French cryptocurrency news platform The Big Whale,...

Axie Infinity (AXS) co-founder Jeff Zirlin, also known as “The Jiho,” is picking up a battle with Facebook parent Meta Platforms Inc (NASDAQ: FB).  What Happened: Zirlin decried the “50% tax” on digital goods transactions imposed by the Mark Zuckerberg-led social-media...

The $180 billion video game industry offers a growth opportunity for investors according to a new report from an analyst offering two stock picks. The Video Game Analyst: Bernstein analyst Matti Littunen initiated coverage for Take-Two Interactive Software, Inc (NASDAQ: TTWO) with an...

Finance behemoth Fidelity Investments is expanding its offering of cryptocurrency-themed exchange traded funds to capitalize on the enthusiasm in the sector.  What Happened: The firm launched the Fidelity Metaverse ETF (NASDAQ: FMET) and the Fidelity Crypto Industry...

Facebook parent Meta Platforms Inc’s (NASDAQ: FB) foray into the metaverse got a thumbs up from Goldman Sachs (NYSE: GS) analysts led by Rod Hall, who gave the firm a substantially higher price target.  What Happened: Meta Platforms got a 12-month price...