Meta Platforms, formerly known as Facebook, is reportedly exploring the development of a new virtual currency designed to pay for goods and services across the metaverse. Internally referred to as “Zuck Bucks,” Meta’s new currency could be similar to the premium in-app currencies used in platforms like Roblox and Rec Room. The Financial Times said that Meta’s new metaverse currency is unlikely...
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A16z’s Gaming Metaverse Play; Cognixion’s Assistive Reality Progress

As investment pulls back and tech stock sell-offs continue, leave it to Andreesen Horowitz to dangle a bit of hope for startups aiming to power through to the next boom. The Menlo Park firm announced Wednesday the creation of its first fund focused on the gaming industry, totalling $600 million. And though there’s a current of optimism for immersive tech behind this fund, I would bet that it...
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