Month: May 2022
Digest #11: Dramatic drop in Bitcoin price: less than $30k for a piece!
Crypto winter
Google VR
While everyone is discussing how Apple wants to be a leader of VR glasses, Google acquires Raxium — a startup that studies MicroLED displays. Starting from December Raxium was ready for becoming a part of Snap, but Google offered more money.
The VR race
Companies are fighting for leadership in the domain of VR glasses. By 2024 Meta plans to release 4 new VR headsets called Cambria. Cambria is a high-end headset that will cost from $799 compared to their crrent Quest models that cost $299 and $399.
New versions of Quest are also expected in 2024.
First virtual streaming
Spotify became the first music streaming service in a virtual environment. Spotify Island is now in Roblox that’s the closest to the “metaverse” service right now.
Twitter buddies
Elon Musk is trying to involve as many strong partners into his Twitter endeavour. Among these companies are Binance, Sequoia, VyCapital, Brookfield, Fidelity and more. With their help Musk has already raised $7.14 billion for purchasing Twitter. Elon will put $21 billion of his own money, so he still has some more funding to raise for this $44 billion deal.
