Amid mass layoffs, Snap says Web3 is not a priority since it doesn't directly contribute to the company's AR efforts, in sharp contrast to moves by rival Meta (Emily Nicolle/Bloomberg)

Emily Nicolle / Bloomberg:
Amid mass layoffs, Snap says Web3 is not a priority since it doesn't directly contribute to the company's AR efforts, in sharp contrast to moves by rival Meta  —  Snap Inc. is sunsetting efforts focused on building products for the much-vaunted next generation of the internet known as web3 …

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