The Latest Breaking News from metaverse

Facebook parent Meta Platforms, Inc (NASDAQ:FB) is preparing cutbacks in its Reality Labs division to refocus on hardware products and the "metaverse," Reuters reports. Meta was not planning layoffs as part of the changes. The division could not afford to do some projects anymore and postponed others.  According to Reuters, Reality Labs lost…

South Korea's capital producing digital ecosystem to keep citizens connected. 

What happened: Virtual land tokenized as an NFT just sold for $4,368, which is 1.58x the current floor price of 1.268 Ether (CRYPTO: ETH). The estate consists of 166,464 plots of land –– each plot is 2,500 square feet in the metaverse.

What happened: Virtual land tokenized as an NFT just sold for $4,696, which is 1.70x the current floor price of 1.268 Ether (CRYPTO: ETH). The estate consists of 166,464 plots of land –– each plot is 2,500 square feet in the metaverse.

The audio streaming service debuts on Roblox and lets fans create new songs together. 

Brut. brings the world’s most famous movie-release event to the digital world via the videogame Fortnite.

Two metaverse stocks — Roblox and Unity Software — tumbled late Tuesday after reporting disappointing results for the first quarter.

II-VI Inc (NASDAQ:IIVI) reported third-quarter FY22 revenue growth of 5.7% year-on-year to $827.7 million, beating the consensus of $804.8 million. Segments: Photonic Solutions revenue increased 11.8% Y/Y to $567.8 million. Revenue from Compound Semiconductors declined 5.6% Y/Y to $259.9 million. II-VI recorded bookings of $1.2 billion, up 48% Y/Y, and a backlog of $2.1…

What happened: Virtual land tokenized as an NFT just sold for $14,038, which is 3.13x the current floor price of 1.88199179 Ethereum (CRYPTO: ETH) ($14,038 USD). The collection consists of over 97,000 plots of land –– at the current moment each plot Land parcels are 16m x 16m, or 52…