Metaverse
NFT Ecosystem Enjin Announces $100M Efinity Metaverse Fund
Enjin, the leading ecosystem for NFTs, has raised $100 million for a metaverse fund to create a decentralized, interoperable cross-chain NFT network called Efinity on Polkadot. Enjin CTO Witek Radomski shares insights into the Efinity Metaverse Fund and its integration into the wider metaverse ecosystem.
Metaverse Real Estate Posts Record Sales in Sandbox, Decentraland
“The Hash” hosts discuss the future of the metaverse as an increasing number of investment firms are acquiring virtual real estate in worlds such as the Sandbox and Decentraland, setting new records for digital property sales. Are we in a digital land boom?
Metaverse Startup The Sandbox Co-Founder on Business Model, Expansion Plan and Facebook Competition
On the heels of closing a $93 million Series B funding round led by SoftBank earlier this month, metaverse startup The Sandbox Co-founder and COO Sebastien Borget discusses whether Meta, formerly Facebook, is a potential threat to the future of Web 3. Plus, insights into the advantages of owning decentralized, NFT-based virtual real estate and the launch of The Sandbox Alpha.
Metaverse Platform The Sandbox’s SAND Token Surges 25% After Adidas Teases Partnership
SAND, the native cryptocurrency of the blockchain-based virtual world The Sandbox, has rallied 25% in the past 24 hours, hitting record highs above $7 and taking the weekly gain to 70%. This comes after Adidas seemed to confirm a relationship between the two companies. Is the metaverse going mainstream?
India Proposes Crypto Ban; Metaverse Race Heats Up
Korean government to review harsher penalties for crypto crime. India bill proposes ban on private cryptocurrencies. Race for the metaverse heating up. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Morgan Stanley: Luxury NFT Market Could Hit $56B by 2030
According to last week's research note from Morgan Stanley, metaverse gaming and non-fungible tokens (NFTs) could represent a revenue opportunity of $56 billion for the luxury market by 2030. The bank expects the total NFT market to grow to $300 billion by that year. Meanwhile, Mogran Stanley says Facebook stock is the best way to get exposure in Metaverse, adding that it's “all upside and would be another layer-cake of multi-year monetization.” The Hash" squad discusses the outlook for the luxury sector as it increasingly collides with the world of crypto.
Crypto Market Cap Plunges, South Korean Banks Head Into Metaverse
AntChain instigates rules to prevent NFT hype. The crypto market takes a plunge. South Korean banks jump on the metaverse bandwagon. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
TIME Magazine to Hold ETH on Balance Sheet as Part of Galaxy Digital Metaverse Deal
TIME Magazine will hold ether on its balance sheet for the first time as part of a deal with crypto investment firm Galaxy Digital to educate readers about the metaverse. The publication is rolling out a “TIME 100 Companies” list for the metaverse and a weekly newsletter as part of the partnership. "The Hash" squad discusses the latest continuation of TIME's expansion into the world of crypto.
