Meta Plans to Roll Out Web Version of Horizon Worlds 🌎

This is a daily newsletter that covers trending business, tech and finance stories. If you enjoyed the newsletter, please share it with a friend who’d find it useful.

Share Scott D. Clary’s Newsletter

Or… invite friends to the newsletter through our referral program for Amazon gift cards.

Get a Referral Link

– Scott


Meta Plans to Roll Out Web Version of Horizon Worlds

(Image Source)

Meta is planning to introduce its social metaverse platform Horizon Worlds to the web, Meta CTO Andrew Bosworth said in a tweet.

“When Horizon’s web version launches, the Horizon platform fee will only be 25% — a much lower rate compared to other similar world-building platforms,” Bosworth (Boz) said in a tweet.

Bosworth made the remark in a Twitter thread defending Meta’s 47% cut on virtual item sales on the platform and explaining Horizon’s new fee structure for creators.

“It’s early days, there is still a lot of work to be done and we continue to partner closely with our creators and developers to enable them to earn meaningful revenue,” he added.

While Boz didn’t disclose when the company will introduce Horizon Worlds to the web, earlier this week, Meta said that it is working on bringing Horizon to mobile phones later this year.

However, this move indicates a major expansion of the platform, which is currently only available on Quest VR headsets.

WhatsApp is Introducing Emoji Reactions 😇 to Messages ✉

(Image Source)

Messaging platform WhatsApp is adding emoji reactions, allowing users to express their feelings towards a message without needing to send an individual emoji to a message.

In a blog post, WhatsApp said, “Emoji reactions are coming to WhatsApp so people can quickly share their opinion without flooding chats with new messages.”

The new feature will be somewhat limited at the start, as it will only let users react with six emojis. However, Will Cathcart, the head of WhatsApp, said that the company will add all “emojis and skin-tones” in the future.

The announcement was made as part of the Meta-owned company’s efforts to create Communities within the app, which will be an extension of group chats and will be arriving within the app later this year.

Apart from the ‘reactions’ feature, WhatsApp is also increasing the maximum file transfer size from 100 MB to 2 GB.

In addition, group video chats will be expanded to include 32 participants, up from the current eight while, admins will also have the ability to delete errant or problematic messages.

NFT Collector Punk6529 Unveils Its Metaverse Museum District

(Image Source)

Popular NFT collector “punk6529” announced the launch of its ambitious open Metaverse project “OM” that is aimed at attracting nearly 100 million users.

The self-financed project of the company looks to be an open platform that is built and controlled by the community.

The long-term vision of the project is to launch 10 self-governing cities with a max population of 10 million each.

The NFT collector announced the launch of its first city (Genesis City) in alpha mode on April 15, to influence its Twitter followers that it might be “the most high-end art NFTs ever displayed in one place.”

Punk6529 said that it is presently not looking to charge fees or generate crowdfunding and is looking to deliver a working product before scaling its operations via investment.

Currently, anyone can join and build in the alpha, as long as their views match those of the museum district.

The project may go into public beta by June or July this year if it attracts enough audience and the technology is able to support further development and large spaces.

Travel SaaS Startup Itilite Raises $29 Million in Funding 💰

(Image Source)

Itilite, an Indian-based travel and expense management platform, has raised $29 million in its Series C funding round.

The funding was co-led by Tiger Global and existing investor Dharana Capital. Existing investors Matrix Partners India and Tenacity Ventures also participated in the round.

Founded in 2017 by Mayank Kukreja and Anish Khadiya, Itilite is a digital travel management platform that helps businesses to automate their travel and expense processes, increasing efficiency, and reducing costs.

Currently, the company reports 500,000 users from over 300 companies in India and the United States.

The startup’s unified booking system allows businesses to plan and book their trips within 90 seconds through personalized recommendations and incentives to make smarter choices.

The platform delivers superior control and analytics, ensuring smarter workflows, policy compliance, and real-time insights leading to mobilization of a workforce and reduction in annual travel spending.

Itilite plans to use the fresh proceeds to invest more in product innovations, brand building, scaling up its sales & marketing, and partnership development.

Around the Web 🌐

Elon Musk Offers to Buy Twitter For $43 Billion: Days after refusing to be a part of Twitter’s board, Tesla CEO Elon Musk has launched a hostile takeover bid for Twitter. Musk has reportedly offered to buy the micro-blogging platform for $54.20/share in cash, amounting to a staggering $43 billion, insisting that it was the best and final offer.


Podcast

If you like the content in this newsletter, there’s a pretty good chance you’ll like my podcast, “Success Story”, where I unpack the playbooks of entrepreneurs, executives and other high performing individuals.

Check Out The Podcast

Latest Episode 👇


If you enjoyed the newsletter, please share it with a friend who’d find it useful.

-Scott

New podcasts & articles to your inbox.

No Spam. Promise.

Pin It on Pinterest

Skip to content