Tinder is an online dating and geosocial networking application giant Match group that has expressed different modifications to its management team and disappointing second-quarter revenue.
Tinder CEO Renate Nyborg expressed that heavy investments in the metaverse will now need to stop.
Tinder's first foray into Web3-related research and metaverse development was previously envisioned by the exec. She unveiled the ambitious Tinderverse project after acquiring a video AI and augmented reality firm the CEO of its parent company Bemard Kim expressed the online dating app will take things slow citing uncertainty in the space.
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