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The popular American rapper Snoop Dogg revealed at the end of September that he acquired land in the blockchain-based virtual metaverse The Sandbox and had plans to recreate his mansion. On December 2, The Sandbox held a “Snoopverse Land Sale,” which allowed participants to purchase land adjacent to the famous
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In a tweet posted by Axie Infinity late Thursday, a lucrative land plot within the monster-battle fantasy nonfungible tokens, or NFTs, game sold for 550 ETH ($2.3 million). Axies are creatures that users command to duel other players, battle enemies and complete daily quests. They are also NFTs that can
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Tokens tied to the so-called metaverse, or shared virtual environments, have surged since October, when Facebook said it was changing its corporate name to Meta to signal an increasing focus on the sector. At the time, Decentraland’s market cap was just over $2 billion. Source
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Some NFTs are only digital collectibles in name and marketing, when in reality they are being used for investment or payment, the FATF warned regulators. Other NFTs that are not virtual assets, but are digital representations of assets regulated by the FATF, the task force said. Original Source
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Crypto exchange KuCoin has announced it will be opening a virtual office inside the skyscraper from the decentralized metaverse Bloktopia.In a Nov. 2 announcement, KuCoin said it would be joining the metaverse by launching an office inside Bloktopia’s platform, designed as a skyscraper. The virtual building has 21 different levels
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Next Earth, the NFT-based replica of Earth, announced that over $64,000 in proceeds from the sale of its virtual land will be donated to four environmental charities. The Ocean Cleanup, SEE Turtles, Kiss the Ground, and Amazon Watch will each receive funds allocated by a community-based vote. The allocation of funds
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In the fall of 2017, NFT projects like Cryptokitties took off like a rocket. I had the opportunity to have a lot of discussions about the crypto space, NFTs, and the emerging metaverse. These conversations centered around how virtual land could become a viable alternative asset niche within cryptocurrency markets, and
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The Ukrainian president has sent the recently adopted law “On Virtual Assets” back to the Verkhovna Rada, the country’s legislature. The head of state has come up with his own suggestions and opposed the establishment of a new regulatory body that would require additional financing. Setting Up New Crypto Market
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El Salvador is a small Central American country of just over 6 million people. It has a rich, indigenous cultural heritage and its capital, San Salvador, is one of the most iconic cities in the world. Indeed, it’s known as the landfall of Christopher Columbus in 1492. Besides its rich history,
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We have good news and bad news. The virtual New York you’ve been waiting for is finally here, but it’s already sold out. On Next Earth, the NFT-based replica of our planet, some of the most expensive virtual real estate was in the digital replica of New York. Some lucky
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