‘Metaverse’ a top 3 contender for Oxford’s Word of the Year
The word “Metaverse” is one of three in the running to be crowned the Oxford “Word of the Year” (WOTY) in a competition run by the Oxford University Press (OUP), the publisher of the Oxford English Dictionary. OUP officially announced the launch of the competition and its three finalist words for 2022 on Nov. 22 with this year marking the first time the public can participate in voting for the WOTY. “Metaverse” will compete against the terms “#IStandWith” and “Goblin Mode”. 1️⃣ metaverse Usage increased as we discussed #hybrid working, debated the ethics, and wondered about the feasibility of an entirely online future. pic.twitter.com/Lk0pLfc1mW — Oxford University Press (@OxUniPress) November 22, 2022 In OUP’s video pitch for the Metaverse, it described it as “a hypoth...
Tech talent migrates to Web3 as large companies face layoffs
As inflation continues to grow, coupled with a looming recession, many tech firms are having to cut portions of their staff. To put this in perspective, data from Layoffs.fyi found that over 700 tech startups have experienced layoffs this year, impacting at least 93,519 employees globally. It has also been reported that tech giants like Google, Netflix and Apple are undergoing massive job cuts. While many of these layoffs are likely due to an economic downturn, this has resulted in an overwhelming amount of talent flocking to early-stage Web3 companies. For example, Andrew Masanto, a serial entrepreneur who has founded a number of startups, told Cointelegraph that he recently launched Nillion, a startup specializing in decentralized computation, to help ensure privacy and confidentia...
Facebook is on a quest to destroy the Metaverse and Web3
The future of how we socialize online is being defined as we speak, and it’s far too important to leave things to the likes of Meta and other mega social companies. Just a surface-level look at Meta’s history is enough to understand its tendency to severely miss the mark. Some companies like to use Web3 principles to right the wrongs of Web2. And as a poster child for large, centralized organizations, Meta offers us some of the most useful examples of those wrongs. Let’s touch on three times that Meta fell short of building the future of online social experiences. It limited Open Graph In 2010, Meta — still operating as Facebook at the time — released its “Open Graph” protocol, providing developers with a network of links between friends in order to encourage other people to take up ...
US lawmakers call on Mark Zuckerberg to address ‘breeding ground’ for crypto scams: Report
A group of Democrats from the United States Senate has reportedly asked Meta CEO Mark Zuckerberg to provide details on the social media giant’s policies addressing cryptocurrency fraud. According to a Friday report from the Washington Post, Senators Robert Menendez, Sherrod Brown, Elizabeth Warren, Dianne Feinstein, Bernie Sanders and Cory Booker called on Zuckerberg for the actions the company may take to detect crypto scams, to coordinate with law enforcement and to assist victims of fraud. Meta currently controls Facebook, WhatsApp, Messenger and Instagram. “Based on recent reports of scams on other social media platforms and apps, we are concerned that Meta provides a breeding ground for cryptocurrency fraud that causes significant harm to consumers,” reportedly said the group of senat...
Applications Now Open for Meta’s African AR/VR Hackathon Event
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No More Blue Ticks? WhatsApp to Let Users Choose When to Appear Online
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Meta enables Instagram NFT integration in over 100 countries
According to a Meta newsroom post updated on Thursday, the Mark Zuckerberg-led company has begun its nonfungible token (NFT) expansion across 100 countries in Africa, the Asia-Pacific, the Middle East and the Americas. This includes adding support for wallet connections with Coinbase Wallet and Dapper as well as the ability to post digital collectibles minted on the Flow blockchain. The initial rollout targets the popular social media app Instagram. One needs to simply connect their digital wallet to Instagram to post an NFT, the company said in its updated post. Third-party wallet integrations with Rainbow, MetaMask, Trust Wallet, Coinbase Wallet and Dapper Wallet are either complete as of Thursday or are coming soon. Supported blockchains at this time are Ethereum, Polygon and Flow. Ther...
Facebook Owner Reports First Ever Revenue Drop
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Epidemic Sound Sues Meta For $142M, Says Instagram and Facebook Stole Hundreds Of Songs
Meta Platforms Inc. is facing a lawsuit that claims its Facebook and Instagram platforms “intentionally and brazenly” stole hundreds of songs from Swedish production music label Epidemic Sound, encouraging their users to upload more than 50,000 infringing videos every day. Repped by attorneys at the top music law firm Pryor Cashman, Epidemic says the social media giant is offering nearly 1,000 of the label’s songs through its “Music Library” for users to add to their video uploads, but that Meta has refused to secure copyright licenses for that music — and has ignored the company’s repeated demands that it do so. “Perhaps Meta is hoping to get away with it for as long as possible,” Epidemic’s lawyers wrote in a complaint filed Wednesday (July 20) in San Francisco federal court. “Perhaps Me...
All the Changes Facebook is Making to Your Feeds
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Did Mark Zuckerberg’s Meta Steal Another Company’s Name?
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Top 5 Most Popular Social Media Platforms in Africa
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