Microsoft Pulls the Plug on Industrial Metaverse Team – Here's What Happened
Microsoft has discontinued its Industrial Metaverse Core team, a four-month-old project aimed to encourage the use of the metaverse in industrial environments. According to a Thursday report by The Information, the tech...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
According to a Thursday report by The Information, the tech giant has also laid off employees working on the project, which amounts to about 100 people. The company wants to prioritize shorter-term projects over those needing longer to generate meaningful revenue, the report said, citing a person familiar with the matter. ...
Read More: Microsoft Pulls the Plug on Industrial Metaverse Team – Here's What Happened
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Ex-FBI Agent’s Plea Puts Crypto Theft at $2.47 Million, Over Twice What He First Told the FBI
Patrick Steven Yaroch, a 37-year-old former FBI agent from Ashburn, Va., pleaded guilty on Nov. 5 to wire fraud and money launderi...
China central bank probes Solana after Shanghai shutdown, report
China’s central bank has launched an investigation into Solana after authorities shut down an “illegal” promotional Solana event l...
Europe’s Largest Asset Manager Amundi Brings €22.8B STOXX Europe 600 Fund to Ethereum
Key Takeaways: Amundi began a tokenized STOXX Europe 600 fund share class on Ethereum. The number of assets in the underlying inde...
Bitcoin Price Holds Near $75,000 After Hot October Jobs Report
Bitcoin Magazine Bitcoin Price Holds Near $75,000 After Hot October Jobs Report U.S. employers added 165,000 jobs in October, near...
Ethereum Foundation sued for firing employee who opposed ‘suicide pledge’
A lawsuit filed by former Ethereum Foundation (EF) Protocol Support lead Kayleen Fulton against Stiftung Ethereum, Vitalik Buterin...
Moscow Exchange sets Dec. 1 to launch Bitcoin and Ethereum trading
Non-qualified buyers face a 300,000-ruble annual cap per intermediary and testing, while Moscow Exchange plans a December pilot. R...