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Metaverse
First Mover Asia: Why the Metaverse Is a Potemkin Village
Despite breathless headlines about a digital land rush, metaverse platforms are struggling to attract brands and users; bitcoin ticks up slightly.
VanEck Releases First NFTs, Promising Early Access to Research
The asset management firm is releasing 1,000 non-fungible tokens with varying levels of access to special benefits and community.
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.
BAYC Team Raises $285M With Otherside NFTs, Clogs Ethereum
The virtual land rush for the ape-centered metaverse project has already cost traders more than $176 million in fees alone.
Please Don’t Buy a ‘KYC’d’ Wallet for the Bored Apes Team’s Otherside Mint
Yuga Labs’ long-awaited “Otherside” NFT sale has spawned a secondary market for specially registered Ethereum addresses. Caveat emptor.
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.
Gate Ventures on Track to Close $200M Crypto Fund by Q3
The VC arm of Gate.io will invest in layer 1 and layer 2 protocols that can help build an open internet.
ApeCoin Futures See $36M in Liquidations After Volatile Trading
The tokens surged and sank as new features in the Bored Ape Yacht Club ecosystem went live.
Mark Zuckerberg to Investors: Expect Nothing From the Metaverse
In setting a 10-year timeline for returns from Reality Labs, Zuck raised as many questions as he answered.
