Fidelity Investments announced the launch of two new exchange-traded funds this week. The first invests in companies that support the broader digital assets ecosystem. The second invests in firms that develop, manufacture, distribute, or sell products or services related to the metaverse. The new products will be available to individual investors and financial advisors commission-free.
The Marketplace 100 is a ranking of the largest consumer-facing marketplace startups and private companies, with 19 companies graduating due to five IPOs, three SPACs, and 11 acquisitions. While the marketplaces are still relevant as ever, the marketplace model is still strong, despite many businesses being temporarily shuttered by covid
On 13 April, an auction for an NFT of the first tweet ever, which was sold for $2.9 million by Twitter co-founder Jack Dorsey in March last year, garnered just $277 as its highest bid. This, according to experts, is a sign that NFT buyers are increasingly learning to value these digital assets correctly.
Arvind Krishna will take over as CEO of IBM in April 2020. Krishna has spent his entire professional career at IBM. He started at the company's Watson Research labs in 1990 and later served as head of IBM's cloud and cognitive software division. Krishna spoke with TIME recently about what we can learn from IBM’s early AI missteps.
Facebook announced this week that Horizon Worlds will allow virtual goods to be sold in its social VR app. Facebook will take a 25% cut of goods sold on the platform, plus a 30% cut from the Oculus Store. Apple called out Facebook for the outsized figure, calling it "hypocrisy"
China has long required video games to be officially licensed before they can be distributed or streamed within the country. But the government rarely enforced the latter ban, allowing games such as Elden Ring to find substantial audiences. On Friday, the government said all internet platforms are “strictly forbidden’ from streaming titles that the government has not approved.
UBS says Microsoft's price increases are a protective measure against "a likely deceleration in seat growth" in the coming fiscal year. Google and two Microsoft partners push back against the notion that Google Workspace isn't competitive against Microsoft's productivity tools. Two Microsoft partners who spoke with CRN said that Microsoft is still a good bet.
Elon Musk wants to buy Twitter for $54.20 a share, valuing the company at $43 billion. Twitter has been approached by Yahoo, Facebook, Google, Disney and others in the past. Twitter could adopt a poison pill strategy, selling the stock at a discount to dilute Musk's stake.
Facebook announced that it open-sourced Lexical, an extensible JavaScript web text-editor library that emphasizes reliability, accessibility and performance. The project’s set of editor states represents the current and pending states of the editor at any given time, and developers can attach a content-editable DOM element to editor instances and register listeners and commands.
Mercedes-Benz brought to the New York International Auto Show its Vision EQXX concept, which raises the bar for what an EV can do by focusing on battery efficiency, lightweight materials such as aluminum brake discs and its 900-volt electric architecture. The concept car traveled 621 miles during a European road trip from Germany to the port town of Cassis without needing to charge its battery.
The metaverse is one of the hottest buzzwords in tech, and this far-reaching vision of a next-gen internet will rely upon an entire ecosystem of companies to make it a reality. While the space is still in its early days, the longer-term implications may not be trivial. we provide a framework to navigate this evolving topic by breaking down the metaverse into distinct technological layers and highlighting the key vendors set on making the metaverse a reality.