Meta Remains Bullish on the Metaverse; Move-to-Earn Gets New Major Player

UpOnly | Research #22: Zuckerberg eyes ‘billions or trillions’ from Metaverse while move-to-earn attracts an influx of new users

Meta on track to cash in big on the Metaverse opportunity, says CEO

Mark Zuckerberg’s Facebook made a bold statement by rebranding the company last year to focus on building systems that enrich Metaverse experiences. However, Meta’s Metaverse dream still seems to exist only on paper nearly a year on. The company has invested billions to make it a reality but has only managed seven consecutive quarterly losses.

Sweat Economy goes move-to-earn; raises $13M

Sweatcoin, a mainstream application that rewards users for engaging in outdoor physical activity, is evolving into a Web3 move-to-earn application. The UK-based startup, launched in 2015, has changed its name to Sweat Economy and recently announced a $13 million raise to support the transition. The token sale round was led by OKX Blockdream Ventures, Electric Capital, and Spartan Capital, among others.

Make data-driven Metaverse and GameFi investments with UpOnly

Big corporations like Meta investing heavily in the Metaverse add to growing evidence that the technology is set to play a significant role across several industries, including Web3 gaming. The entrance of a traditional Web2 company like Sweat Economy to the move-to-earn scene could also trigger similar transitions soon, especially if the endeavor is successful.

UpOnly’s week in review

About UpOnly

UpOnly is a first-of-kind data directory that provides insightful and actionable data on the move-to-earn, play-to-earn, and Metaverse gaming fields. We aim to become a one-stop shop for gamers worldwide to identify the most lucrative play-to-earn opportunities and optimize their performance. Alongside our data directory, we will launch a decentralized prediction platform allowing anyone globally to bet on the outcome of play-to-earn and Metaverse gaming events.

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