💰 Facebook commits to its metaverse division

Plans to invest at least $10 billion

Hey Waivly Crew! 🌊 Facebook is aiming to spend at least $10 billion this year on Facebook Reality Labs, its metaverse division. Jeff Bezos’ Blue Origin has unveiled its plans to build a commercial space station to be operated as a “mixed-use business park.”

🎃 Halloween Special - 50% off until 31st October 🎃

Want more from us at Waivly? Join Waivly+, the premium Waivly membership with exclusive content, resources, giveaways, events, and so much more, all blended together into one super low-cost and quick to join subscription 🎉 Head over to our website and hit “Subscribe” to get onboard!

Facebook to spend $10 billion this year on metaverse division

Facebook is planning to spend at least $10 billion this year on its Facebook Reality Labs, the metaverse division of the company that has been tasked with creating AR (augmented reality) and VR (virtual reality) software, content, and hardware.

“We are committed to bringing this long-term vision to life and we expect to increase our investments for the next several years,” the company wrote in its third-quarter earnings release yesterday afternoon.

Facebook sees AR and VR as being a core element to “the next generation of online social experiences.”. This comes after Facebook recently announced they were pushing for a metaverse-focused future, in which they plan to rebrand for.

This metaverse division of the company already makes the Oculus Quest headset and the Portal lineup, and is being positioned as the next thing for Facebook, moving away from just a social media platform, to a metaverse and social company.

Blizzard cancels BlizzCon 2022

BlizzCon 2022, which was planned to take place next February, has been cancelled, according to an announcement from Blizzard.

Blizzard will instead take the time to focus on working on its games that are currently in development and supporting its teams. The company's shift in strategy got announced as the ongoing lawsuit against Activision Blizzard is going on, as well as other investigations.

“Any BlizzCon event takes every single one of us to make happen, an entire-company effort, fuelled by our desire to share what we create with the community we care about so much,” the company said. “At this time, we feel the energy it would take to put on a show like this is best directed towards supporting our teams and progressing development of our games and experiences.”

Even though BlizzCon won’t be happening, Blizzard will give updates on Diablo 4 and Overwatch 2, both of which are still in development, along with World of Warcraft patch updates.

The Waves

🎵 Donda hits 1 billion plays on Spotify

🚁 Swedish startup launches Jetson ONE, the personal electric aerial vehicle

🖼️ Twitter working on blockchain-linked Collectibles section

🎮 Microsoft shows off Halo Infinite's campaign

Tech Special

Twitter working on blockchain-linked Collectibles section

Twitter is working on a new section and tab to your profile where you’ll be able to show off your NFT collection, and it’s almost complete. The platform began working on this feature back in September, as per a tweet from Mada Aflak, a software engineer at the company, showing its early stages.

The tweet shows off the collectables feature and it enables you to connect your crypto wallets from popular platforms by the likes of Metamask, Crypto.com, and Coinbase, and then choose one of your NFTs to use as your profile picture. Your full collection of NFT’s will be stored in a tab on your profile, titled Collectibles.

Similarly to how we have Twitter verification badges, these NFT collectables will also have a similar feature, displaying a small badge verifying that said NFT on your account is authentic. A very useful feature to ensure that the “Right click, save as” NFT-haters don’t claim to own works they don’t actually own.

Reverse engineer Jane Manchun Wong just showed off a newer and more detailed stage of the feature and how its changed since back in September from that first tweet by Mada Aflak. Wong revealed that Twitter is working on a view that lets you get a close-up look at an NFT, and in which it also displays full details of the NFT.

The feature was met with a lot of negativity, as people don’t want Twitter turning into an ‘NFT gallery’, as per the general idea of the tweets, mean-whilst others, like ourselves here at Waivly, are all for this, and think this helps greatly in the space, and allows those involved in NFT’s to display their artwork in a new and credible way.

Verizon partners with Amazon to deliver satellite internet in rural areas

Verizon is teaming up with Amazon to improve fixed wireless internet access in rural areas in the US.

“We’re proud to be working together to explore bringing fast, reliable broadband to the customers and communities who need it most,” Amazon CEO Andy Jassy said in a statement.

Amazon is working on Project Kuiper, a network of 3,236 satellites that will be used to provide high-speed internet to anywhere in the world. Amazon has yet to launch its Kuiper satellites, but the Federal Communications Commission authorized the system.

The company has already invested an initial $10 billion to fund Project Kuiper, and once it is ready, it will service households, schools, hospitals, businesses, and other organizations that are located in places where internet access is either limited or completely unavailable.

“Project Kuiper offers flexibility and unique capabilities for a LEO satellite system, and we’re excited about the prospect of adding a complementary connectivity layer to our existing partnership with Amazon,” Verizon Chairman and CEO Hans Vestberg said. “We know the future will be built on our leading 5G network, designed for mobility, fixed wireless access and real-time cloud compute. More importantly, we believe that the power of this technology must be accessible for all. Today’s announcement will help us explore ways to bridge that divide and accelerate the benefits and innovation of wireless connectivity, helping benefit our customers on both a global and local scale.”

Blue Origin plans to launch commercial space station

Blue Origin, Jeff Bezos's space tourism company, has announced plans to launch a commercial space station.

Blue Origin is planning to create a privately-owned space station to orbit the Earth to operate as a “mixed-use business park,” with an internal volume nearly as large as the ISS, which will capable of housing up to ten people.

The company aims to launch its open-system architecture space station called Orbital Reef into low-Earth orbit between 2025 and 2030, around the time when the International Space Station is scheduled to retire due to its infrastructure aging.


 Blue Origin is partnering with multiple companies to make it happen, primarily Sierra Space, a subsidiary of the Sierra Nevada Corporation, which plans to provide its Large Integrated Flexible Environment (LIFE) module. The module includes living quarters with three floors that have lab space, sleeping quarters, a kitchen, and more. Blue Origin will be responsible for the launch system, utility systems, and core modules.

Boeing, a key partner in the ISS program, will be in charge of the Orbital Reef’s operations and maintenance and provide science modules along with its Starliner capsule to transport people and cargo to and from the space station.

“For over sixty years, NASA and other space agencies have developed orbital space flight and space habitation, setting us up for commercial business to take off in this decade,” Senior Vice President of Advanced Development Programs for Blue Origin, Brent Sherwood, said, “We will expand access, lower the cost, and provide all the services and amenities needed to normalize space flight. A vibrant business ecosystem will grow in low Earth orbit, generating new discoveries, new products, new entertainments, and global awareness.”

Pushing The Wave With Ledger

If you’re into cryptocurrency and own crypto assets, you need a secure place to store your coins and tokens. You probably already know that you shouldn’t store your crypto on an exchange due to potential hacks, not being solely in control of your crypto’s private keys, and for other reasons, and so a hardware wallet is the way to go and the best option to protect your private keys, therefore, you should make the move to a Ledger wallet.

Ledger wallets are an extremely secure and premium way to secure, manage, and grow your crypto assets with their Bluetooth-enabled hardware wallets, and easy-to-use app which lets you manage your portfolio on the go. They let you manage multiple assets, buy, sell, grow, and exchange crypto, gain financial freedom by you being in full control and ownership of your private keys, and so much more.

The wallets are really simple to setup, and to move your crypto over to, so there’s no reason not to secure your assets and take control of your cryptocurrency now and get yourself a Ledger device. You can manage 1800+ coins and tokens directly in the Ledger Live app once you’ve got your device up and running, so you’ll always have your entire portfolio covered.

Share The Wave

That wraps up today's newsletter. Thank you for reading through, and we hope you liked today's content. Know someone else who would enjoy this newsletter just as much as you do? Send them to our website, and get them onboard the Waivly Crew and involved in The Wave. Get more from us on TwitterInstagram, and LinkedIn.

*Waivly+ is a premium Waivly membership. Join at anytime by clicking “Subscribe” on the Waivly website, and cancel anytime by heading to your account on Waivly.

*Waivly is an official affiliate of Ledger. See our Ledger Affiliate notice here.