ChainCatcher news, according to Fortune, the metaverse game developer Gamefam has released the annual report on the "State of Brands in Roblox and Fortnite." The report predicts that by 2030, the global metaverse gaming market will reach $168.4 billion, with the number of users reaching 900 million, indicating that the industry still has strong growth potential.The report reveals significant changes in usage habits among the younger generation: Generation Z and Generation Alpha spend 39% more time on Roblox and Fortnite than on TikTok and YouTube. This trend has attracted well-known brands, including Disney, Mattel, and FIFA, to collaborate with Gamefam to reach younger audiences. Ferencz stated that although the term "metaverse" has been influenced by the NFT craze, unlike NFTs and other pure collectibles, gaming entertainment has lasting intrinsic value because "people need entertainment, they need joy."

ChainCatcher news, according to data from RootData, the Statter Network token (STT) has increased by 49.8% in the last 24 hours, currently priced at $0.85.Additionally, the Web3 asset data platform RootData shows that Statter Network is dedicated to building high-performance and high-security infrastructure for Metaverse developers, creators, and players. Creating a new blockchain is as simple as using Statter's groundbreaking drag-and-drop technology to build with Lego blocks, quickly putting your business on the blockchain.

ChainCatcher news, according to official sources, the sports metaverse platform Bitball has announced the completion of a $5 million Series A funding round, co-led by IntelligentCricket and Neon Eight Group, bringing the total funding amount to $7 million.The funds will be used to expand its AI-driven sports gaming ecosystem and develop a 3D cricket game based on real-time sports data, expected to launch in the second quarter of 2025. Since its launch in December 2023, Bitball has attracted over 5 million users and plans to hold a BALL token generation event (TGE) in the fourth quarter of 2024.Additionally, the Web3 asset data platform RootData shows that Bitball is a sports metaverse platform that integrates GameFi and SocialFi elements, leveraging Web3 technology to closely connect sports stars, clubs, organizations, and fans, providing a new digital experience and virtual space.

According to ChainCatcher news reported by Cointelegraph, Chinese e-commerce giant Alibaba is scaling back its metaverse business operations, with dozens of employees in its metaverse division being laid off. The metaverse division has operations in both Shanghai and Hangzhou and was established in 2021.It is reported that the metaverse division previously received "tens of billions of yuan" in investment and employed hundreds of staff. The division will continue to exist, providing metaverse applications, tools, and services.

ChainCatcher News: Meta, the American tech giant, reported in its latest financial results that its metaverse business continues to lose billions of dollars each quarter. On Wednesday, Meta announced its third-quarter earnings, stating that its Reality Labs division, which develops augmented reality and virtual reality technologies, incurred an operating loss of $4.43 billion. The loss was slightly smaller than the $4.68 billion expected by analysts surveyed by StreetAccount.Reality Labs' revenue in the third quarter increased by 29% year-over-year, reaching $270 million. Reality Labs primarily generates revenue through the sale of Meta's Quest VR headsets and Ray-Ban Meta smart glasses. Since 2020, Reality Labs has accumulated an operating loss of over $58 billion.

ChainCatcher news, supported by Binance Labs, the esports platform Elfin Metaverse, announces that its latest mini-game is officially launched on the Kaia blockchain. As a high-performance blockchain supported by LINE and Kakao, Kaia has attracted widespread attention with its ecological activities in Elfin Metaverse. To give back to users, the platform will airdrop ten million $ELFIN tokens.The newly launched "Trump vs Harris" is a fun boxing battle game where players can choose Trump or Harris as their character for one-on-one duels. Unlike traditional "play-to-earn" games, the game rewards are not only based on the number of games played but also influenced by real-world election approval ratings, adding more exciting elements to the game. The more you play, the higher your chances of getting a larger share of the reward pool.

ChainCatcher news, the Snapshot page shows that the ApeCoin DAO passed the proposal to "dissolve four non-essential working groups" with a support rate of 98.02%. The working groups proposed for dissolution include the Governance Working Group, the Marketing and Communications Working Group, the Metaverse Working Group, and the Web3 Development Working Group. The proposal points out that these working groups incur nearly $3 million in costs to the DAO each year, while their task execution efficiency is low.In addition, the proposal states that the funds of the ApeCoin Foundation are rapidly decreasing. To reduce financial pressure, the proposal suggests outsourcing the relevant functions to third-party teams and recruiting teams that meet transparency and accountability standards through a Request for Proposal (RFP) process, thereby optimizing the operational efficiency of the DAO.

According to ChainCatcher news, information from the Snapshot governance page shows that the ApeCoin DAO has initiated proposal AIP-466, which aims to close unnecessary working groups. According to the proposal, it is expected that four working groups will be closed (with an annual expenditure of nearly $3 million), namely:Dissolution of the Governance Working Group: This working group is mainly responsible for formulating guidelines and the governance working group charter (AIP-239);Dissolution of the Marketing and Communication Working Group: This working group is mainly responsible for the working group charter - Marketing and Communication (AIP-246);Dissolution of the Metaverse Working Group: This working group is mainly responsible for the Metaverse working group charter, etc. (AIP-245);Dissolution of the Web3 Development Working Group: This working group is mainly responsible for the working group charter - Web3 Development (AIP-376).It is reported that the voting end date for this proposal is October 17, and the current approval rate is 98.19%.

ChainCatcher news, according to Decrypt, the metaverse platform Decentraland has announced the release plan for its desktop client, which brings visual upgrades, improved performance, and new mechanisms to the Ethereum metaverse game. This major update marks a shift in its gaming vision, focusing on the "social" aspect of the metaverse.Currently, Decentraland runs in a browser, which limits the game's graphical capabilities and performance, arguably hindering its development in recent years. The Decentraland desktop client will launch as a public beta on October 22, providing significant improvements for players and creators in the metaverse.While Decentraland will not abandon its traditional tablet screen foundation, the team is also considering the possibility of entering the VR world. Decentraland engineering manager Agnieszka Besz stated that for Decentraland to ultimately succeed in VR, the game must refine its performance, and the desktop client is a step towards achieving this grand goal.

ChainCatcher news, Animoca Brands announced on X that Animoca Brands, The Sandbox, and Smobler have jointly launched the metaverse game Universal Peace Sanctuary. This game is an innovative immersive open gaming experience within The Sandbox metaverse.Yat Siu, co-founder and executive chairman of Animoca Brands, stated: "We are very excited to develop the digital version of Universal Peace Sanctuary, a project aimed at promoting inclusive and harmonious spaces in both the real and virtual realms. The new virtual sanctuary in The Sandbox creates an immersive experience using Web3 and fosters peace, tolerance, and understanding. We believe that such initiatives can drive meaningful engagement and contribute to positive change in the real world and the open metaverse."

ChainCatcher news, focusing on esports, the GameFi full-chain Elfin Metaverse announced on X that as of September 22, Elfin Metaverse ranks third in the DappRadar WEB3 game rankings in the decentralized application store.According to the Web3 asset data platform RootData, Elfin Metaverse is a GameFi full-chain focused on esports, with its integrated esports platform and open-world metaverse built on Elfin Lands, a virtual realm that offers unique gaming experiences and a thriving community. Players can participate in daily battles, seasonal tournaments, and social activities within the metaverse. Elfin Lands owners enjoy exclusive NFTs, economic rewards, and the ability to customize their land and surrounding environment. The platform also facilitates collaboration with blue-chip Web3 communities, gaming guilds, and DAOs, providing opportunities for participation and growth.

ChainCatcher news, the metaverse platform StarryNift has launched the SNIFT airdrop query website, with 10% of the tokens allocated for the initial airdrop.

ChainCatcher message, Ethereum co-founder Vitalik Buterin stated on Wrapcast, "Generative AI is helping people write code, draw graphics, and learn. Cryptocurrency is helping people make international payments, use more open social networks, and access supplementary news through Polymarket. And what can the metaverse be used for? (The real question, not an attack)."