Meta will also close three VR development studios as part of the cuts: Resident Evil 4 VR developer Armature Studios, ...

Meta Platforms Inc (NASDAQ: META) shares came under pressure in 2022 due to cost concerns after the company rebranded from Facebook and laid out a new vision for the future focused on the metaverse.

Remember all the hype around the metaverse in education? Just two years ago it seemed like a 3D virtual realm for education was imminent: Facebook had changed its name to Meta, to signal its giant bet ...

Meta plans to cut its budget by up to 30% in its Reality Labs metaverse division. It's considering job cuts as part of that move, leaving employees uncertain. The cuts may impact Horizon Worlds and ...

While many are still around, some have pivoted to other areas. Others have shuttered as revenue remains sparse, funding efforts have fallen flat, or the real world proved more interesting to consumers ...

If you ever sit down with a metaverse enthusiast, you won’t have to wait long before they paint a rosy picture of how virtual worlds will change our lives. The most bullish metaverse advocates insist ...

When you think of the metaverse, you may picture a person playing a video game while wearing a bulky headset that covers most of their face. It’s not surprising that digital gaming is one of the early ...

Hype over “the metaverse” was everywhere in 2022, with tens of billions poured into the sector. Largely substance and user-free at the time, the narrative was all but forgotten in 2023 as speculators ...

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More Yuga Labs and Improbable have teamed up to build a metaverse dubbed ...

A look inside Plethora Project's Common'hood, an immersive multiplayer game focused on building a new community within an abandoned factory after an economic collapse. Image via Plethora Project "I ...