Mozilla, best known for its Firefox browser, has taken part in the rush of Internet platforms to web3 and the metaverse. Despite mounting losses, all continue to invest heavily.
Mozilla gets its hands on the wallet
Active Replica is a Canadian development company that works on the metaverse, or rather on the creation of “immersive virtual spaces and events” as they describe it. And the work the Vancouver-based company is doing seems to be paying off. Indeed, on November 30, Mozilla announced his acquisition d’Active Replica.
Active Replica joins entity Mozilla Hubs, which is already working on the development of communication spaces (chatrooms) based on VR. This acquisition is the result of a successful partnership, since earlier this year, Active Replica had already collaborated with Mozilla for the organization of its multi-day artistic and technological event called Mozfest. A success for the former leader of browsers, which pushed its leaders to invest directly in its partner.
The fire fox company said in the official announcement that it believes both entities will benefit from each other. But, we understand that it is above all an acquisition that will allow it to recruit highly qualified personnel in a sector that is sorely lacking. The press release specifies in particular that the production ” tailor-made virtual eventswill be on the agenda.
“We will benefit from their unique talent and ability to create amazing experiences that help organizations use virtual spaces to get things done. They will benefit from our scale, our competence and our ability to bring their innovations to market more quickly. »
For its part, Active Replica declared that it “will continue to collaborate with its existing partners”but that Mozilla’s acquisition will help it “achieve its long-term ambitions».
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From web giants to web3 giants?
The amount of Mozilla’s investment was not disclosed. However, it joins the list of web giants that are increasingly investing in web3, and more specifically in the metaverse.
Meta, the parent company of Facebook and Instagram, still affirms its ambitions to develop the “mainstream” metaverse of tomorrow, despite financial losses that could be described as… colossal. About 30 billion dollars for Reality Labs, its entity dedicated to virtual reality and metaverse and, of which 9 attributed only to the latter. Marc Zuckerberg has already announced that he expects greater losses in 2023, but remains confident in the future.
The market is gloomy and the currently accessible metaverses look more like “beta” versions than the future of virtual or augmented reality events. But the web giants continue to invest heavily in the research and development of what they now consider to be the “future of the internet”. With this new acquisition, Mozilla reminds its competitors that it will be necessary to count on it in this long-term race. Lately it’s Telegram which has announced that it wants to launch its cryptocurrency exchange.
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