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” Metaverse housing bubble bursting? Virtual land prices crash 85% amid waning interest “ The metaverse sector is witnessing its very-own housing crisis moment, thanks to massive declines in the prices of its virtual lands in 2022, led by waning users’ interest and a crypto bear market. Land sales plunge 85% in 2022 In particular,…
” Metaverse could be worth $5 trillion by 2030: McKinsey report “ Global spending in the metaverse could reach $5 trillion by 2030, according to a new report from international consulting firm McKinsey & Company. Published yesterday, the 77-page report titled “Value Creation in the Metaverse” analyzed current adoption trends and drew additional insight from…
” Yahoo launching Metaverse events for Hong Kong residents under restrictions “ Yahoo has announced a series of Metaverse and NFT-related activities in Hong Kong, a day after Meta Platforms outlined its own metaverse plans for the region. Yahoo, a US-based internet media company, revealed that it will host a series of virtual events and…
” Top 5 cryptocurrencies to watch this week: BTC, ADA, XLM, XMR, MANA “ The bears are trying to extend Bitcoin’s (BTC) record of nine consecutive red weekly candles to ten weeks, but the bulls are trying to avert this negative occurrence. Although sentiment remains negative, Arthur Hayes, former CEO of derivatives giant BitMEX, anticipates…
” Pride in the Metaverse: Blockchain tech creates new opportunities for LGBTQ+ people “ A number of social gatherings have started to take place in the Metaverse as companies across the globe begin to understand the value that virtual interactive environments can have for consumers. It shouldn’t come as a surprise then that Pride Month…
” Top 5 cryptocurrencies to watch this week: BTC, BNB, XMR, ETC, MANA “ The Dow Jones Industrial Average has declined for eight consecutive weeks, the first such losing streak since 1923. On May 20, the S&P 500 briefly fell into bear market territory, indicating that traders continue to sell risky assets in fear of…
” Alex Saunders issues a public apology and claims to be settling crypto dealings “ Months after a storm of controversies, Nuggets News founder and crypto influencer Alex Saunders issued a public apology over last year’s controversies and the way he handled things. Back in 2021, Saunders faced a series of allegations claiming that he…
” The first-ever Metaverse Fashion Week: Digital fashion is here to stay “ Incredible as it may seem, digital fashion has developed so much that it already needs its own fashion week with all that implies: from the shows and presentations of new collections to public talks and parties with true DJs. The first-ever digital…
” Nifty News: Solana NFTs on OpenSea in April, Ross Ulbricht’s new collection… and more “ Solana (SOL) NFT holders will soon have a new option for where to trade, with OpenSea teasing its integration of the Solana blockchain. A 16-second video shared by the OpenSea Twitter account opened with the phrase “wen solana???” being…
” Nifty News: Luxury brands join Decentraland’s Metaverse Fashion Week “ This past weekend, Decentraland hosted the Metaverse Fashion Week, or MVFW, a four-day digital fashion event that staged wearables on virtual runways, organized discussion panels, and housed shopping experiences. A lineup of both legacy luxury labels and digital brands participated, including Dolce & Gabbana, Etro,…