CoinDesk
Metaverse-related tokens took a hit in the past two days as Meta, formerly known as Facebook, reported a $10 billion loss on its augmented and virtual reality division in an earnings release earlier this week.
The metaverse broadly refers to a virtual world in which people can interact as they do in the real world, but digitally.
Read the full article at: https://www.coindesk.com/markets/2022/02/04/metaverse-tokens-axs-sand-plummet-as-meta-reports-10b-loss/
Reference: https://medium.com/@ozliving/metaverse-tokens-axs-sand-plummet-as-meta-reports-10b-loss-36ce2f96bfba