Microsoft acquires Lumenisity, high speed fiber maker: Today, Microsoft announced it has acquired Lumenisity® Limited, a leader in next-generation hollow core fiber (HCF) solutions. Lumenisity’s innovative and industry-leading HCF product can enable fast, reliable and secure networking for global, enterprise and large-scale organizations.

The acquisition will expand Microsoft’s ability to further optimize its global cloud infrastructure and serve Microsoft’s Cloud Platform and Services customers with strict latency and security requirements. The technology can provide benefits across a broad range of industries including healthcare, financial services, manufacturing, retail and government.

About Lumenisity

Lumenisity was formed in 2017 as a spinoff from the world-renowned Optoelectronics Research Centre (ORC) at the University of Southampton to commercialize breakthroughs in the development of hollow core optical fiber. In 2021 and 2022, the company won the Best Fibre Component Product for their NANF® CoreSmart® HCF cable in the European Conference on Optical Communication (ECOC) Exhibition Industry Awards.

As part of the Lumenisity acquisition, Microsoft plans to utilize the organization’s technology and team of industry-leading experts to accelerate innovations in networking and infrastructure.

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Yuga Labs, Moonpay faces lawsuit for celebrities NFT promotion: Yuga Labs, creators of Bored Ape Yacht Club (BAYC) and crypto fintech Moonpay are facing a class-action lawsuit for allegedly using celebrities to misleadingly promote and sell nonfungible tokens (NFTs). 

Over 40 people and companies are named as defendants in the lawsuit, including Paris Hilton, Snoop Dog, Jimmy Fallon, Justin Bieber, Madonna, Serena Williams, Post Malone, and Diplo. The class-action was filed on Dec. 8 by John T. Jasnoch of Scott+Scott Attorneys at Law LLP in the Central District of California and claims the crypto companies used its Hollywood network to promote the digital assets without complying with disclosure requirements.

Yuga Labs

The two plaintiffs in the case Adonis Real and Adam Titcher purchased Yuga Labs NFTs collections between April 2021 to the present. The class-action also refers to a previously United States Securities and Exchange Commission (SEC) statement about celebrities endorsements, claiming “these endorsements may be unlawful if they do not disclose the nature, source, and amount of any compensation paid, directly or indirectly, by the company in exchange for the endorsement.”

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Zuckerberg’s $10 billion selfie: Last week, Meta chief executive officer Mark Zuckerberg attracted a flurry of attention to his metaverse platform, for all the wrong reasons.

The difficulty started when, to commemorate the launch of Meta’s Horizon Worlds in France and Spain, Zuckerberg uploaded a selfie of his metaverse character standing before digital twin of the Eiffel Tower and La Sagrada Familia church in Barcelona.

The internet fasted to tease the grainy Zuckerberg’s $10 billion selfie, explaining that it resembled decades-old computer game as well as the online world video game called Second Life– which probably came to be the first preferred “metaverse” back in 2003. Zuckerberg’s selfie was so extensively circulated on social media it also got its very own entry on the web site knowyourmeme.com which posts the stories behind viral memes.

This selfie price Mark Zuckerberg $10,000,000,000. Remain in school, children. #Metaverse pic.twitter.com/4aftFgKLi6.

— Ben Wolf (@chainsawmcd) August 17, 2022.

This weekend, Zuckerberg reacted to his doubters with a brand-new and improved selfie of his character that he uploaded on Facebook and also Instagram. In the article, the billionaire confessed that his first selfie was “pretty standard,” yet claimed that it was taken “really rapidly to celebrate a launch.”.

Rather than a background of illogically proximate monuments, his new “selfie” was taken in front of a gray background. Albeit the second model looked more like him as well as did not have the apparently dead eyes of his previous selfie.

In the very same message, Zuckerberg additionally included a picture of electronically provided ancient damages, most likely from his metaverse platform, as well as stated the graphics in his digital world are not as standard as his very first selfie was.

” The graphics in Perspective can a lot more– also on headsets– as well as Perspective is enhancing really swiftly,” he said in the post..

The metaverse, a series of electronic globes where gamers can socialize with good friends, play games, and store, was just one of the biggest buzzwords of 2021. Significant buzz, fueled partially by Facebook’s rebrand to Meta, sustained a rush for financiers and also significant firms such as Adidas, Samsung, as well as JPMorgan Chase to buy land in the metaverse.

However the interpretation of the metaverse stays hazy. While some believe that a true virtual world must include Web3 innovations like crypto and also NFTs, others say that any video game with an accessible world, like Microsoft’s Minecraft, is taken into consideration a metaverse..

Whatever real interpretation, some banks including Citi as well as Morgan Stanley, placed the future worth of the so-called metaverse at between $8 trillion and also $13 trillion as individuals start investing more time in digital globes.

Zuckerberg’s Meta also has high aspirations for the future of the metaverse. Last year the business poured $10 billion right into its metaverse department Reality Labs. In the second quarter of this year, the company uploaded a $2.8 billion loss on the department, 15% higher than its loss in the very same quarter in 2021.