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{"id":11485,"date":"2022-08-03T14:52:51","date_gmt":"2022-08-03T14:52:51","guid":{"rendered":"https:\/\/scienceandnerds.com\/2022\/08\/03\/tinder-steps-back-from-metaverse-dating-plans-as-business-falters\/"},"modified":"2022-08-03T14:52:53","modified_gmt":"2022-08-03T14:52:53","slug":"tinder-steps-back-from-metaverse-dating-plans-as-business-falters","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2022\/08\/03\/tinder-steps-back-from-metaverse-dating-plans-as-business-falters\/","title":{"rendered":"Tinder steps back from metaverse dating plans as business falters"},"content":{"rendered":"

Source: https:\/\/www.theverge.com\/2022\/8\/3\/23290152\/tinder-metaverse-tinderverse-coins-disappointing-earnings<\/a>
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Amidst a disappointing set of earnings for the last quarter, Match Group has announced it\u2019s scaling back Tinder\u2019s metaverse dating ambitions and scrapping plans to offer an in-app Tinder Coins currency. Tinder CEO Renate Nyborg, who became the dating app\u2019s first female CEO just last September<\/a>, is also leaving the position, parent company Match Group\u2019s CEO Bernard Kim announced<\/a>. Kim himself was named as CEO just two months ago<\/a>. <\/p>\n

Nyborg previously set out ambitious plans for Tinder\u2019s take on the metaverse (or \u201cTinderverse\u201d as she called it). Tinder acquired a company called Hyperconnect last year<\/a>, which focuses on video, AI, and augmented reality technology, and Nyborg later cited its avatar-based \u201cSingle Town\u201d experience as a way Tinder\u2019s users might one day be able to meet and interact with one another in virtual spaces, TechCrunch<\/em> reported at the time<\/a>.<\/em><\/p>\n

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