The concept of the metaverse, which describes the integration of digital worlds with our reality, has piqued the interest of tech giants such as Microsoft and Meta. Nonetheless, recent events have brought attention to the challenges these companies face in sustaining their ambitious metaverse ventures, underscoring financial pressures in this constantly evolving digital domain.
JoyMeta's latest earnings results, released on Wednesday, divulged that the unit managed to garner $276 million in revenue for the same quarter, a decline from last year's $452 million.
Coinlive BNB Chain lost over $750 million to hackers in 2022, making it the biggest victim of blockchain attacks last year.
cryptopotatoThe community behind BitDAO earlier feared that Sam Bankman-Fried's crypto trading firm, Alameda Research, might liquidate some of its token holdings.
CoindeskIt comes as the number of monthly active teams for the blockchain reached 11,800 in July, up from 8,000 in March.
Cointelegraph
BitcoinistDespite volatile market conditions, NFT collectors are expected to spend more on NFTs in the first half of this year than in all of 2021.
FtftxDespite volatile market conditions, NFT collectors are expected to spend more on NFTs in the first half of this year than in all of 2021.
CointelegraphThe acquisition, totaling roughly $1.5 billion, will be used to further backstop Terra Luna’s algorithmic stablecoin UST.
CointelegraphDespite sporadic market conditions, NFT collectors are on track to spend more on NFTs in the first half of this year than in all of 2021.
Cointelegraph