Swiping left: Tinder pulls back on Metaverse dating plans
Disappointing financial results have seen Tinder lay off its current CEO, slash funding to metaverse development and ditch plans for its digital currency, Tinder Coins. Match Group, the parent company of popular dating app Tinder, says it is cutting funding for Web3-related research and development amid disappointing Q2 earnings and the departure of Tinder’s current CEO. In a letter to shareholders on Tuesday, Match Group CEO Bernard Kim revealed that it will be scaling back its metaverse investments as well as scrapping plans to release an in-app digital currency called Tinder Coins.The....
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The Belgian regulator, the Financial Services and Markets Authority (FSMA), says scammers are employing new techniques which target Tinder and Facebook users. Using what the FSMA terms an “emotional scam,” criminals are targeting male users of the dating app Tinder with promises of exceptional returns on investments. However, the purported investments are in fact part of a plot to defraud unsuspecting Tinder users. As soon as the scammer gets the victim’s money, they disappear. Use of Fake Profiles In a public warning issued Dec. 3, the Belgian regulator explains how....
Got bitten by the love bug? Crypto scammers on Tinder surely know how to pull the right emotional strings to crack open your crypto wallets. They have been using emotional manipulation and sweet nothings to target singles in the famous dating app and they’re getting good at it day by day. Suggested Reading | How […]
Valentine’s Day is officially upon us, which means giant teddy bears, roses, and usually having to book a table at restaurant months in advance. But for the first time in history, couples don’t have to sift through their wardrobe for the perfect date outfit. Instead, a fully-immersive virtual date night can be experienced from the comfort of their couch. You read that right. Thanks to the advent of the metaverse, romantic interests can now interact with each other on virtual dates from the safety and convenience of their homes; users can be in their sweatpants and the other would never....
As is always the case with dating platforms, users need to be careful and use common sense. It is easy to pay for the HePays membership and create a fake profile to defraud potential matches. The relation between Bitcoin and online dating has always seemed a bit off to people. Butt hat isn’t keeping companies from trying to explore the cryptocurrency payment option. HePays is a new social platform which seems to target singles who want to go out on a date. They also accept Bitcoin payment for this service, which is rather interesting. The service offered by HePays is targeting a very....
Businesses are in love with Web3 — but when it comes to this technology being used for dating apps, singletons might want to swipe left. The excitement surrounding Web3 is palpable — and undeniable. Projects are flooding into the space to build cutting-edge versions of the sites and apps served up by centralized Web2 rivals, covering every sector imaginable.But at this point, it's worth taking a step back and reflecting on the challenges that the Web3 world still needs to tackle. This technology isn't inherently private — and the transactions bouncing around on blockchains are mostly....