metaverse

Meta's Reality Labs, the division responsible for its virtual reality endeavors, had its best quarter ever, but still lost more than $4 billion.

Meta CEO Mark Zuckerberg apologized to employees after the company confirmed it would lay off 11,000 staff, equivalent to 13 percent of its workforce.

NFTs have been in steady decline for months, and new data shows just how bad it has gotten: digital collectibles have basically lost all of their luster and trading volume has collapsed by 97% since the beginning of 2022.

Instagram is expanding its non-fungible token (NFT) features to more than 100 countries as well as launching new integrations with Coinbase and Dapper.

Following massive losses in its Reality Labs division, Meta CEO Mark Zuckerberg has reportedly told employees that the company is experiencing "one of the worst downturns [it has seen] in recent history."

Some of the biggest names in technology have banded together to form the Metaverse Standards Forum to create open and consistent standards for interoperability in an open metaverse.

Meta appears to be pulling back on its consumer camera products, both those on shelves and in development, as its Reality Labs division continues to lose billions of dollars.

Meta's investment in virtual and augmented realities (VR and AR) is pushing forward and a new report says the company is planning to release four headsets in the next two years.

Photo sharing platform Viewbug has announced that it is partnering with MetaFrames to allow its users to create, mint, and license photos on the platform as NFTs.

Meta's Mark Zuckerberg says that NFTs are "hopefully" coming to Instagram in the next few months. Additionally, he said that the company plans to allow users to mint them within the application.

Meta, the parent company of Facebook and Instagram, released its fourth-quarter 2021 earnings this week and subsequently revealed that its virtual reality (VR) and augmented reality (AR) division lost $10.2 billion dollars last year.

Meta is reportedly exploring how it can allow users to create, showcase, and sell NFTs on Instagram as well as Facebook. NFTs have been growing in popular culture over the last year and Meta's support would be a large indication they're here to stay.

Facebook CEO Mark Zuckerberg has said that his company is renaming itself as "Meta" as it aims at a future in virtual reality, a place he has repeatedly referred to as the metaverse.

Facebook is reportedly planning to change its company name next week as it focuses on becoming a metaverse company. Facebook CEO Mark Zuckerberg has gone on the record in the past about making Facebook about more than social media.