CommonGround raises $25M for immersive video avatar technology that doesn’t rely on VR gear

The trials and tribulations that a giant company like Meta (née Facebook) has been facing in overcoming skepticism, creating user interest (let alone revenue) and building quality experiences for its

Yahaha raises $40M more for its user-generated, low-code immersive gaming platform

Yahaha, a Helsinki- and Shanghai-based immersive, user-generated, low-code gaming platform founded by a group of Chinese gaming vets, made a splash in January when it announced a cumulative $50 millio

Roblox stock drops on widening losses in Q3, but other growth metrics remain strong

One of the big players in the “metaverse” space, gaming platform Roblox, saw its stock tumble by more than 15% in pre-market trading on Wednesday after reporting a wider-than-anticipated l

Filing: Meta slashes expenses on reduced hiring and capex investments

Meta’s body-blow layoff announcement will see the parent of Facebook, Instagram and WhatsApp making its first-ever major layoffs as a company, cutting 11,000 employees, 13% of its total; predict

StretchSense built an actually comfortable hand motion capture glove

New Zealand-based StretchSense, a maker of hand motion capture technology, believes virtual and augmented reality are going to replace the smartphone as the dominant way we interact with digital world

Ralph Lauren redesigns Polo logo for first time ever in new digital collection with Fortnite

Lauren now follows in the footsteps of Gucci and Balenciaga in blazing a couture path in the digital realm.

Zebra Labs raises $5M to help Chinese celebrities enter the metaverse

In June, Chinese pop-punk singer Wowkie Zhang released a music video where he encounters a virtual character in a hyper-colored, animated world that is reminiscent of Pixar films. The avatar, sporting

Meta is in trouble

A day after weighing in with its third-quarter earnings report, Meta is flailing. The company formerly known as Facebook was in trouble Thursday after uninspiring numbers and an apparent lack of faith

Y’all really made Mark Zuckerberg defend himself to investors because of your memes

On today’s quarterly earnings call, Meta founder and CEO Mark Zuckerberg was on the defensive when it comes to the company’s investment in the metaverse. Once again, the company lost more

Former Everyrealm execs sue company for sexual harassment, race discrimination

Everyrealm, a metaverse real estate company that spun out of Republic’s crypto arm in February, is facing two lawsuits first filed in August from former directors at the company who allege they each

Meta’s metaverse isn’t bad, it’s just boring, and other TC news

Welcome to another episode of the TechCrunch Podcast where we break down the week’s top tech stories with the people who wrote them. This week Darrell talks with Taylor Hatmaker about her adve

VRAI wants to tackle the energy crisis by bringing VR simulation training to offshore wind sector

Virtual reality (VR) has struggled to transition too far beyond gaming circles and specific industry use cases such as medical training, but with the burgeoning metaverse movement championed by tech h

Walmart arrives on Roblox for the first time with two new virtual worlds to engage young shoppers

Walmart announced today that it is stepping into the metaverse with two new experiences on Roblox: “Walmart Land” and “Universe of Play.” The virtual worlds are aimed at younger Walmart cu

Backed by Epic Games, distributed computing startup Hadean nabs $30M to build metaverse infrastructure

Hadean, a U.K.-based distributed, spatial computing startup that’s setting out to build the infrastructure for the burgeoning metaverse, has closed a $30 million Series A round of funding from a

D-ID, the company behind Deep Nostalgia, lets you create AI-generated videos from a single image

Israeli AI company D-ID, which provided technology for projects like Deep Nostalgia, is launching a new platform where users can upload a single image and text to generate video. With this new site ca

Europe wants to shape the future of virtual worlds with rules and taxes

EU lawmakers are moving in on the metaverse and making it plain that, whatever newfangled virtual world/s and/or immersive social connectivity that tech industry hype involving the term may refer to,

Northeastern University VR lab targeted in explosive mail attack

A staff member at Northeastern University’s Holmes Hall was injured after opening an explosive package, the Boston Police Department reports. Holmes Hall is home to the university’s virtua

Daily Crunch: Xeneta raises $80M to build out its real-time analytics platform for shipping and air freight 

Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

Roblox inches toward a deeper, more mature vision for the metaverse

Roblox outlined a vision for the future of its busy social gaming platform on Friday, incrementally ushering its community into a new era that might not always resemble what’s come before. At RDC, i

Bloomingdale’s goes all-in on metaverse with new virtual store

Bloomingdale’s virtual store will initially feature collections from brands like Polo Ralph Lauren, Marc Jacobs, David Yurman, MCM, Byredo and Baccarat.
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