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Metaverse
Facebook Parent Meta Loses $2.8B on Metaverse Division in Q2
Meta reported revenue of $452 million for the division, down from $695 million in the first quarter.

Bitcoin’s Real Role Examined; 3AC’s Complex Ties Revealed
Report says Bitcoin users in emerging markets looking beyond investment. U.S. Senator Cynthia Lummis says vote on crypto bill unlikely this year. Sam Bankman-Fried says “moderately bad” deals okay during bailouts. Court documents show strong ties between 3AC and TPS Capital. Dubai scorches crypto winter with plans to support 40,000 metaverse jobs.

Dubai Unveils Metaverse Strategy, Aims to Attract Over 1,000 Firms
Dubai has revealed its metaverse strategy, outlining its plans to attract more than 1,000 blockchain companies to the city and support more than 40,000 virtual jobs by 2030. Could Dubai become one of the world’s top metaverse economies? “The Hash” squad weighs in.

Dubai Unveils Metaverse Strategy, Aims to Attract Over 1,000 Firms
The strategy is expected to support the creation of more than 40,000 virtual jobs by 2030.

Virtual Avatar Firm Hologram Raises $6.5M Seed Round
Hologram partners with online communities to help them create unique digital identities in the metaverse.

Tony Hawk Skates Into the Metaverse With ‘Largest Virtual Skatepark Ever Made’
The skateboarder's foray into the metaverse will take place in The Sandbox, an Ethereum-based virtual land game.

Shanghai Plans to Cultivate $52B Metaverse Industry by 2025
Shanghai wants to create more than 100 companies in a plan that focuses on virtual reality and increased connectivity.

KPMG Canada Exec on Navigating Crypto Contagion: 'Do Your Homework'
As contagion risks continue to ripple across the crypto market after May’s implosion of terraUSD (UST), Kareem Sadek of KPMG Canada highlights the importance of doing your homework and the lessons learned. Plus, why is KPMG opening a collaboration hub in the metaverse?
