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metaverse

Patch of Virtual “Land” Has Been Sold for $2.4 Million in Cryptocurrency

A plot of virtual land in Decentraland has been bought for $2.4 million dollars worth of cryptocurrency on Monday. Decentraland is an online metaverse landscape whose space and items are backed by the Ethereum blockchain. Users participate in this world...

Barbados First Nation With an Embassy in the Metaverse

Barbados announced on Tuesday that it will be the first sovereign nation to host its embassy on the metaverse. The Caribbean nation's cabinet decided to adapt its diplomatic affairs to the burgeoning new virtual platform in August. The metaverse has...

Facebook CEO Announces Metaverse called “Horizon”

In what many around the world see as an effort to take attention away from a slew of recent problems, many of them brought to light by a whistleblower, the media behemoth Facebook announced a new creation, a "metaverse"...

Facebook Set to Announce New Name Today

Facebook CEO Mark Zuckerberg is expected to unveil the company's new name as well as its restructuring at Facebook's yearly Connect Conference, which will be held on Thursday. Many believe that the restructuring plan for Facebook, as well as its...

Facebook Announces 10,000 New EU Jobs for “Metaverse” Platform

Facebook is planning to hire 10,000 people in the EU to develop a so-called "metaverse," it announced on Monday. This is an online world where people can game, work and communicate in a virtual environment, often using VR headsets. Facebook...