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Metaverse

In the real world, there's only one Lombardy, Italy. But that's not quite how "land" works in the metaverse. (Michele Rossetti/Getty Images)
Consensus Magazine
Metaverse
Why on Earth Would Land Be Scarce in the Metaverse?
With their “skeuomorphic” approach to real estate, Web 3 metaverse projects may have fallen into a trap of their own making.
In the real world, there's only one Lombardy, Italy. But that's not quite how "land" works in the metaverse. (Michele Rossetti/Getty Images)
By David Z. Morris
May 6, 2022 at 6:51 p.m. UTC
May 6, 2022
MetaverseSandboxApeCoinBored Ape Yacht ClubOpinionThe NodeNewsletters
(Cherie Hu modified by Kevin Ross/CoinDesk)
Finance
Consensus 2022
Cherie Hu on Music and the Metaverse
How might concerts work in the metaverse? And what even is the metaverse, anyway? Ahead of her panel at CoinDesk’s Consensus festival, Water & Music founder Cherie Hu pins it...
(Cherie Hu modified by Kevin Ross/CoinDesk)
By Will Gottsegen
May 5, 2022 at 7:32 p.m. UTC
May 5, 2022
Consensus 2022InterviewMetaverse
Cometh has raised $10 million in a new funding round. (Getty Images)
Finance
France
Cometh Raises $10M to Boost Blockchain Game Adoption
The round was led by venture capital fund White Star Capital and decentralized autonomous organization Stake Capital.
Cometh has raised $10 million in a new funding round. (Getty Images)
By Camomile Shumba
May 5, 2022 at 3:07 p.m. UTC
May 5, 2022
FranceGamingMetaverseWeb 3.0
Yuga Labs refunded 90 ETH to over 600 would-be landowners in its pricey metaverse (Danny Nelson/CoinDesk)
Finance
Bored ape yacht club
Yuga Labs Refunds Gas Fees for Failed ‘Otherdeed’ Transactions
The firm behind the Bored Ape Yacht Club NFT collection is looking to make amends for its chaotic virtual land sale.
Yuga Labs refunded 90 ETH to over 600 would-be landowners in its pricey metaverse (Danny Nelson/CoinDesk)
By Eli Tan
May 4, 2022 at 7:47 p.m. UTC
May 4, 2022
Bored Ape Yacht ClubMetaverseGasYuga Labs
(Lindsey McInerney, modified by Kevin Ross/CoinDesk)
Finance
Consensus 2022
Lindsey McInerney: The Metaverse and the 'DIC Punch'
On building Stoner Cats and Gimmicks NFT franchises.
(Lindsey McInerney, modified by Kevin Ross/CoinDesk)
By Jeff Wilser
May 4, 2022 at 1:24 p.m. UTC
May 4, 2022
Consensus 2022MetaverseNFTsMetaverse-Week
(Khaosai Wongnatthakan/Getty images)
Finance
Exchange-traded products
CI Global, Galaxy Digital Expand ETF Suite With Blockchain and Metaverse Offerings
The new ETFs will track indexes created by Alerian S-Network Global Indexes and Galaxy Digital Holdings.
(Khaosai Wongnatthakan/Getty images)
By Michael Bellusci
May 3, 2022 at 11:00 a.m. UTC
May 3, 2022
Exchange-Traded ProductsMetaverseBlockchainETFs
(Andriy Onufriyenko/Getty Images)
Markets
First mover
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.
(Andriy Onufriyenko/Getty Images)
By Sam ReynoldsDamanick DantesJames Rubin
May 2, 2022 at 11:44 p.m. UTC
May 2, 2022
First MoverAsia PacificBitcoinEtherAltcoinsWarren BuffettAustraliaMetaverse
VanEck's NFT collection is based around a series of memes featuring a character modeled after Alexander Hamilton named “Hammy.” (Maya/Flickr)
Finance
Vaneck
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.
VanEck's NFT collection is based around a series of memes featuring a character modeled after Alexander Hamilton named “Hammy.” (Maya/Flickr)
By Cam Thompson
May 2, 2022 at 9:18 p.m. UTC
May 2, 2022
VanEckNFTsMetaverse
BAYC Metaverse Land Sale Fetches $285M But Investors Paid $176M in Gas Fees Alone
Video
Ethereum
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 cr...
BAYC Metaverse Land Sale Fetches $285M But Investors Paid $176M in Gas Fees Alone
By CoinDesk Staff
May 2, 2022 at 6:45 p.m. UTC
May 2, 2022
EthereumcdtvHash clipMetaverseBored Ape Yacht ClubYuga LabsBAYCotherside