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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. 

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Korea Stands Firm on NFT Games; Laos Introduces Crypto Regulations

Bithumb approval sees Korea’s big four exchanges all fully licensed. Korea’s Game Rating and Administration Committee stands firm on NFT game ban. Laos issues new regulations for crypto miners and exchanges. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”

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Macy’s Thanksgiving Day Parade Gets In on NFT Craze With Collectible Balloons

Macy's is releasing a series of parade-themed NFTs this Thanksgiving Day, with plans to donate the proceeds to charity. 9,500 NFTs will be sold through Sweet's NFT marketplace, built atop Polygon, featuring some of the parade's iconic, giant balloons dating to the 1920s. "The Hash" panel discusses the significance of the iconic Macy's Thanksgiving Day Parade marching its way to the blockchain.

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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."

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Taproot Unlocks Bitcoin Opportunities, Mintable Aims Big

Bit Digital says the entire crypto mining fleet is now out of China. Taproot upgrade unlocks greater bitcoin network utility. Singapore's Mintable aims to become the world's largest NFT marketplace. We'll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

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Director Quentin Tarantino Sued by Miramax Over ‘Pulp Fiction’ NFTs

Miramax is suing famed director Quentin Tarantino for copyright infringement after Tarantino announced he would be auctioning off a collection of NFTs from his celebrated movie "Pulp Fiction" at the recent NFT.NYC conference. "The Hash" team discusses the latest case raising the question of legal implications around digital collectibles.

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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."

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MyEtherWallet Allows Users to Mint Ethereum Blocks as NFTs

MyEtherWallet (MEW), a wallet and interface for participating in the Ethereum network, has launched its first NFT collection that tokenizes individual blocks on the Ethereum blockchain. COO Brian Norton discusses ETH blocks, NFTs, and the possible factors moving ether’s price as the cryptocurrency is nursing more than a 3% loss at press time.

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Circle Invests in JPYC, Baby Shark NFTs Announced

Axie Infinity earnings drop below minimum wage level in the Philippines. USDC issuer Circle to invest in Japanese yen stablecoin. Baby Shark creator announces an NFT series. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”

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Animoca Brands CEO on Teaming Up with K-pop Agency to Make NFTs

Hong Kong-based blockchain gaming unicorn Animoca Brands, which raised $65 million to a $2.2 billion valuation last month, has teamed up with major K-pop entertainment agency Cube Entertainment to build a music metaverse and issue NFTs. Cube joins other K-pop labels like Hybe, global K-pop sensation BTS' agency, along with JYP and SM Entertainment, in the worldwide race into NFTs. Animoca Brands CEO Robby Yung shares his insights.

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