News section

Meta has reportedlyto reduce its budget for Reality Labs, the company’s division for metaverse hardware and software development. While the 20% reduction is expected to yield about $3 billion, analysts asserted that the amount could be utilized for Meta’s AI initiatives.

Fashion brand Diesel has reportedly partnered with Metaverse fashion house DressX to power an exclusive fashion collection on the Meta Avatars Store. Co-founded by Daria Shapovalova, DressX Meta to launch a digital-only fashion collection in 2022.

is reportedly working on building a next-generation replacement for Twitter. According to the report from Money Control, the Meta team is exploring a standalone, decentralized social network.