Metaverse Financial News

Harvard legal scholar and Yeshiva University law professor Christine Kim recently published a research paper detailing arguments for not only taxing the metaverse but treating it as “a laboratory for experimenting with cutting-edge policy.”

The Adidas /// Studio, also known as the Triple Stripes Studio, has launched a Web3-based digital artist in residency program to showcase and support budding creators in the NFT space.

Rollbit Coin (RLB) has been on an epic run since July, surging over 800% in a little over a month to post an all-time high of $0.2131 on August 2.

Adidas /// Studio has announced its very own residency program for "Web3-powered" digital artists. 

The planning, coordination and execution of various events within virtual and augmented reality environments are referred to as event management in the metaverse.

Following a successful presale, a prominent South Korean metaverse initiative, ZepetoX ZTX, has announced the launch of its highly anticipated ZTX Genesis Home Mint in partnership with OpenSea.

The campaign to stop the extradition of Julian Assange will launch the first-ever virtual political rally this Saturday in the Wistaverse metaverse. The organizers and the Wistaverse co-founder spoke to Cryptonews about the importance of holding a protest in this novel space, the difference between the metaverse and real-life protests, and the future of virtual rallies. 

The “Don’t Extradite Assange Campaign,” dedicated to gathering support against the extradition of Wikileaks founder Julian Assange to the United States, is launching a virtual political rally in the metaverse.

K-pop giant Blackpink is set to go live on the popular Roblox gaming platform with a new immersive experience for Blinks, the group's fans.

A new report suggests that China is pushing proposals aiming to transplant its traditional social credit system to the metaverse as it seeks to establish greater control.

China is reportedly looking to implement a system akin to its social credit system, but in the Metaverse and other online virtual worlds.

Sichuan, a southwestern Chinese province, once recognized as a thriving crypto mining hub prior to the national ban on mining, is now looking to expand the metaverse industry. 

Independence is the ability to own your time; it is personal autonomy and control over one's life. True independence goes beyond political or legal rights; it includes the ability to decide how one spends time and makes choices without external constraints or pressures. Being able to allocate your time according to your own preferences and priorities is financial independence. This can encompass various aspects of life, such as choosing how to work, engaging in hobbies, spending time with loved ones, pursuing personal goals, and more. In the West, this idea has crystallised into F.I.R.E., or Financial Independence Retire Early. It's a movement and lifestyle approach aimed at achieving financial independence and the ability to retire from traditional employment at an early age. The main idea behind F.I.R.E. is to save and invest aggressively during the early years of one's career with the goal of accumulating enough wealth to sustain one's desired lifestyle without relying on a traditional 10-to-6 job. The F.I.R.E. movement emphasises five key principles: High Savings Rate: Saving a significant portion of one's income, often 50% or more, is a cornerstone of the F.I.R.E. approach.

Web3 metaverse and creator platform ZTX just closed a successful $13 million seed round led by leading crypto investment firm Jump Crypto, according to a press release sent to Cryptonews.com.

Metaverse platform The Sandbox (SAND) has unlocked a total of 332 million SAND tokens, which is around 16% of the digital asset’s current circulating supply. The unlocked tokens are worth around $133 million at the time of the unlock. 

The Metropolitan Museum of Art (The Met) in New York has partnered with the popular gaming platform, Roblox, in order to offer a virtual experience for its younger audience. 

The data brokerage industry, which thrives on the buying and selling of user data, has grown into a multi-billion-dollar market that’s projected to reach over $462 billion by 2031. Data brokers act as intermediaries, selling personal information they collected from various sources to third parties. But the lack of transparency in the industry leaves users in the dark about what data is being collected, how it is used and who profits from it.

In this week’s newsletter, read about how the team behind Bitcoin Ordinals plans to drive the development of nonfungible tokens (NFTs) on Bitcoin and find out why metaverse platform The Sandbox requires Know Your Customer (KYC) checks for staking. In other news, learn why NFT gas usage is on a downward trend, and don’t forget this week’s Nifty News, featuring an NFT trader tricking a bot and bagging $1.5 million in profit. 

Shara Senderoff and Aaron McDonald, co-founders of AI and metaverse company Futurverse, have launched a new $50 million venture fund and studio.

Metaverse platform The Sandbox will require Know Your Customer (KYC) verification for its staking processes, according to an Aug. 3 announcement. 

In this week’s newsletter, read about why the food and beverage nonfungible token (NFT) market is set to exceed $2 billion by 2032, check out the Bruce Lee avatar that has made its way into the metaverse, and how the British Museum uses the virtual universe to teach world history. In other news, find out how NFT-styled debit cards can be the future of Web3, and don’t forget this week’s Nifty News, featuring Yuga Labs acquiring a metaverse studio.