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 […]
SPACE Metaverse
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 […]