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.

According to ChainCatcher, as reported by Bloomingbit, South Korean game developer Netmarble has issued resignation suggestion notices to more than 70 employees responsible for its metaverse-related business at its subsidiary MetaVerse World.In addition, the "Meta World" project launched by MetaVerse World may be abandoned as well.A representative from Netmarble stated, "Considering the deterioration of the relevant market, we have made a thoughtful decision to streamline MetaVerse World."

ChainCatcher news, known as the "father of metaverse business," Matthew Ball stated on social media that as of the third quarter of 2023, the direct investment amount from venture capital (VC) and private equity (PE) in crypto startups reached $89.5 billion, with half of the funds occurring after September 2021.Currently, the financing amount for crypto companies in 2023 is less than $9 billion, compared to $30.2 billion in 2021 and $29.3 billion in 2022. The financing amount for crypto companies in 2023 may be one-third of that in 2021 and 2022.

ChainCatcher news, according to The Block, Walmart will allow customers to purchase physical versions of the items they use in the House Flip virtual world.It is reported that Walmart plans to add new decorations from Mainstays and Better Homes and Gardens to House Flip, so users can browse virtually and then purchase the physical versions.