Metaverse
BAYC Metaverse Land Sale Fetches $285M But Investors Paid $176M in Gas Fees Alone
Yuga Labs debuted its long-awaited Bored Ape Yacht Club metaverse project “Otherside,” generating roughly $285 million in digital land sales, but the Ethereum-based project created some of the highest gas fees in the network’s history – costing investors over $176 million.
Apollo Hires JP Morgan's Christine Moy to Lead Digital Assets Strategy
Apollo Global Management made a major push into crypto by hiring former JPMorgan (JPM) executive Christine Moy as its first head of digital assets strategy. “The Hash” group discusses Moy’s experience with metaverse projects like Decentraland and the broader narrative of increased global interest in crypto as the Central African Republic adopts bitcoin as legal tender.
HBAR Foundation Commits $250M to Drawing Metaverse Apps to Hedera
Hedera Hashgraph, known for its blockchain-like distributed ledger technology (DLT), will put $250 million in native HBAR tokens towards developing enterprise applications in the metaverse. “The Hash” hosts discuss the latest investment into Web 3 and why this is a continuing story to watch.
Citi Estimates $13T Metaverse Economy By 2030
In a new report, Citi analysts predict that the total addressable market (TAM) for the metaverse economy could be as high as $13 trillion by 2030. “The Hash” panel discusses drivers of the current “land grab” mentality, as well-known brands start to experiment in the metaverse.
Binance to Sponsor 64th Annual Grammy Awards
Binance, the world’s largest crypto exchange, has announced plans to sponsor the 64th Annual Grammy Awards, the biggest night in the American music industry. “The Hash” group discusses why crypto companies are vying for mainstream audiences, noting advertisements by FTX, Coinbase, and Crypto.com in this year’s Super Bowl. Plus, a conversation about the possibility of a metaverse Grammy Awards.
China’s WeChat Bans NFT Accounts; Zilliqa Token Soars
NFT accounts banned from WeChat due to “crypto speculation”. India’s IMF Mission chief warns over crypto. Zilliqa on a tear after Metapolis metaverse launch event announcement. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
First Metaverse Fashion Week Trends, Misses: 'Phygital' Is in Vogue
After four days and over 2,000 NFTs sold, the first ever virtual fashion week is officially in the digital books. Giant global brands like Estée Lauder, Forever 21, Tommy Hilfiger and many others flocked to the ambitious, crypto convention in Decentraland where "phygital" goods are the new trend of the season. CoinDesk's Doreen Wang reports on the hits and misses.
Why Metaverse Fashion Week Matters
Decentraland hosted Metaverse Fashion Week, where global brands like Estée Lauder, Forever 21 and Tommy Hilfiger participated through NFTs and immersive experiences. “The Hash” team discusses what audiences these types of virtual events attract and how they might evolve as metaverse technology progresses.
