The Latest Breaking News from Meta

What happened: Virtual land tokenized as an NFT just sold for $25,713, which is 2.91x the current floor price of 3.44 Ether (CRYPTO: ETH). The estate consists of 166,464 plots of land –– each plot is 2,500 square feet in the metaverse.

RBC Capital analyst Brad Erickson lowered the price target on Meta Platforms Inc (NASDAQ:FB) to $400 from $415 but reiterated an Outperform rating on the shares. The price target implies an upside of 32%. The analyst says the data with 26 agency and ad network channel contacts related to overall spending trends are "mixed."  Erickson…

What happened: Virtual land tokenized as an NFT just sold for $61,867, which is 7.40x the current floor price of 3.38 Ether (CRYPTO: ETH). The estate consists of 166,464 plots of land –– each plot is 2,500 square feet in the metaverse.

Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) YouTube is exploring adding nonfungible token features for its video creators, Bloomberg reports.  Twitter Inc (NYSE:TWTR) began letting users post NFTs as profile photos, and Meta Platforms Inc (NASDAQ:FB) Instagram is working on a similar offering. YouTube CEO Susan Wojcicki told creators her company was looking to web3, an umbrella term for internet…

The tech world has been overtaken by the seductive idea of a virtual utopia, but what’s on offer looks more like a late-capitalist technocratic nightmare

Legislation targeting the dominant market share of tech giants has been cited as a key reason for the increase in spending

Mark Zuckerberg plus 'AI supercomputer.' What could go wrong?

Facebook founder’s planned metaverse, blending reality with digital experiences, will require enormous computing power

A true crash is not what we want but it is what we deserve. It might seem counter-intuitive but I believe we need a crypto winter like those that have come before.