Mozilla acquires Active Replica
Firefox browser development company Mozilla recently announced the completion of the acquisition of Active Replica, an immersive experience development company, and plans to accelerate the expansion of Web3 and metaverse markets. The specific acquisition amount has not been disclosed yet.
Active Replica will join Mozilla's Hubs creator platform to build personalized subscription layers and meta-universe virtual activities and add new interactive features to the Hubs engine. In addition, Mozilla has announced the acquisition of machine learning development company Pulse.
Meta Urge policy makers to suspend the formulation of new rules for managing the metaverse
Meta released a policy document on Friday urging policy makers to suspend the formulation of new rules for managing the metaverse. Meta believes that many existing laws and regulations around the world will also apply to activities in the metaverse, and over-regulation may hinder innovation.
New York State plans to ban pensions from investing in cryptocurrencies
New York State plans to legislation prohibiting the investment of retirement savings in cryptocurrencies such as Bitcoin. Currently, New York State Attorney General Letita James has written to Congress to urge it to pass legislation as soon as possible, prohibiting New York State residents from using Bitcoin and other cryptocurrencies as investment targets for pensions, and avoiding retirement savings being exhausted due to risky bets on unstable assets such as cryptocurrencies. Previously, the NewYork State Common Retirement Fund has admitted that the fund invested in FTX through private equity and venture capital firm Thoma Bravo and caused losses.
tide field network officially passed Committee 79 proposal
tide field network officially passed Committee 79 proposal at 14:00:00 Singapore time on December 4, 2022. The main content of Committee 79 proposal is to modify network parameters No. 11 and 47, increase the energy unit price from 280sun to 420sun, and increase the feelingmit upper limit from 10,000TRX to 15,000TRX. After the proposal takes effect, it will effectively curb the growth of the number of low-value smart contract transactions and reduce the harm they bring, and at the same time significantly increase the TRX pledge rate and destruction. The TRX deflation rate will further expand to 3.17%, and the annual destruction volume of TRX on Tron network will reach 5 billion.
Bybit CEO announced a comprehensive layoff of employees
cryptocurrency exchange Bybit Co-founder Ben Zhou issued an internal letter saying that he would make another layoff, with the layoff ratio of 30%, which will involve various departments. Ben Zhou said that N+3 compensation plans will be implemented uniformly for employees who have been laid off.
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