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.
South Korea a Metaverse Hub, NFTs Go From Digital to Physical
Chinese crypto mining hardware manufacturer Canaan reports Q3 earnings. South Korea emerges as a metaverse hub. NFTs start bridging the digital and physical worlds. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
What Will a Metaverse Embassy for Barbados Look Like?
The island nation of Barbados is preparing to legally declare digital real estate sovereign land by establishing a metaverse embassy. Barbados Ambassador to the United Arab Emirates Gabriel Abed shares insights into the initiative. What does it mean to have an embassy in the metaverse? How will Barbadians use it and benefit from it?
Barbados to Become First Sovereign Nation With an Embassy in the Metaverse
The Barbadian Ministry of Foreign Affairs and Foreign Trade has signed an agreement with the popular crypto-powered digital world Decentraland to establish a digital embassy. “The Hash” hosts discuss Barbados working to develop digital sovereign land in what could be seen as a historic step toward the legitimization of the metaverse.