Following a poor recent earnings report, Match Group has announced plans to scale back Tinder’s metaverse dating program.
The Verge reports that following a poor earnings report for the last quarter, Match Group has announced that it is scaling back Tinder’s metaverse dating plans and scrapping the redevelopment of an in-app Tinder Coins currency. Tinder CEO Renate Nyborg is also leaving the position after being appointed the app’s first female CEO just last September.
Nyborg previously had plans to take Tinder into the metaverse and acquired a company called Hyperconnect last year which focuses on video, AI, and augmented reality technology. Nyborg previously described an avatar-based “Single town” experience as a way for Tinder’s users to meet and interact in virtual spaces.
Now, Match Group CEO…