“I believe a metaverse dating experience is important to capture the next generation of users, and Hyperconnect has been innovating in this area,” Match Group chief executive Bernard Kim wrote in the earnings report. In its Q2 earnings report, published yesterday, Match Group reported a $10mn operating loss “relating to the Hyperconnect acquisition.” As a result, the company said that it would be scaling back Tinder’s metaverse ambitions for the time being. “Single Town” - envisioned as being part of Tinder’s broader metaverse strategy, called the “Tinderverse” - was being developed in collaboration with a South Korean company called Hyperconnect, which Tinder acquired last year. Last year, Match Group unveiled plans for Tinder’s “Single Town,” described in a Q3 2021 investors letter as “a live virtual world… in which singles, represented by their avatars, can move around, and engage with others by audio in various virtual locations.” The company said at the time that its new virtual experience would “ a glimpse into how metaverse experiences could be applicable to dating.”
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