The metaverse has taken a financial toll on Meta—the tech titan is down 65% on the year, partly due to its metaverse project costing several billion dollars per year without hope of profitability anytime soon. Third-quarter results show the company lost $9 billion so far this year on Reality Labs, the arm of Facebook which […]
Shape Immersive
Shape Immersive Partners With SPACE on E-Commerce Project in Metaverse
Vancouver-based Alpha Metaverse Technologies announced recently that its wholly owned subsidiary Shape Immersive has partnered with SPACE Metaverse on an exciting new development in—you guessed it—the metaverse. Alpha is a publicly traded company holding a portfolio of assets in gaming, Metaverse technology, and studio services which focuses on emerging industries such as e-sports, mobile gaming, and […]
Alpha Metaverse Technologies To Acquire Shape Immersive
Two weeks ago publicly traded Alpha Esports Technologies (CSE: ALPA) changed their name to Alpha Metaverse Technologies. This week they signed a letter of intent to acquire Shape Immersive Entertainment for almost 15 million shares plus $1 million in cash. Originally founded in 2018 by Alex Chuang and Dan Burgar, Shape builds immersive experiences for Metaverse […]
How Vessi Used AR & Snapchat to Design a New Retail Experience
For Vancouver-based shoe company Vessi, technological innovation is in their DNA. To design their line of all-weather sneakers they created a completely new material that can withstand the elements—come rain, snow or sunshine—without compromising on style or comfort. So it should come as no surprise that to solve their next e-commerce challenge the Vessi team […]