Updating My Knowledge
You are correct that my training data may be outdated, and I appreciate you bringing this to my attention. As it is now 2025, I would greatly benefit from more information about the current state of the Metaverse and its development.
Please share any updates, advancements, or breakthroughs that have occurred in the field, and I will do my best to integrate this new information into my knowledge base. This will enable me to provide more accurate and relevant responses to your questions about the Metaverse.
Note: I am designed to learn and improve continuously, and I rely on users like you to help me stay up-to-date with the latest developments in various fields, including the Metaverse.
Metaverse company Infinite Reality announced a massive $3 billion fundraise from a single anonymous investor on January 8 in one of the biggest funding rounds of the year. According to Infinite Reality, that fundraise valued the $75 million (revenue) startup at $12 billion.
On Thursday, Infinite Reality, which says it’s now worth closer to $16 billion, announced the identity of the anonymous investor, just one hour after Forbes published an investigation of the company. The company shared in a press release that the investment was “represented by” Sterling Select, a venture firm affiliated with Sterling Equities and that it “represents the significant $3 billion investment.”
In a March call with Forbes, Infinite Reality’s CEO John Acunto told Forbes that “the investor had an appetite for as large of a percentage of the companies we were willing to offer at the time, and we felt that we should move forward with that.” Acunto added that, “because the investor wanted to maintain his anonymity, which you’re aware of, it made it quite difficult to bring other people in with that investment who would need to know who that person is.”
What do you think the relationship between blockchain and Metaverse?
Elaborate in detail.
Meta's Reality Labs is burning money. Recent layoffs may be the beginning of the end.
Meta reported a $4.2 billion loss in Reality Labs, totaling over $60 billion since 2020.
Reality Labs faced layoffs and struggles with declining revenue and underperforming Quest sales.
Meta could shift focus to AI and Ray-Ban smart glasses as metaverse projects lose traction.
Adding to the turmoil, Meta conducted layoffs in its Reality Labs division last week, primarily affecting teams that focused on VR gaming and the Supernatural VR fitness app, which Meta owns.
At least one analyst thinks the end is near.
"For now, Meta maintains two tales of one company," Forrester vice president and research director Mike Proulx told Business Insider. "Its Family of Apps continues to grow by the metrics that matter. But Reality Labs is a leaky bucket. Year-over-year, that division's revenue is down, and losses are up. I predict come end of this year, Meta will shutter its metaverse projects, like Horizon Worlds."