Metaverse ETP (ETP) News

Fin. regulators in Spain are planning to watch for a large crypto metaverse event, Mundocrypto, that will take place in Madrid. The National Securities Market Comission (CNMV) warned that managers of the event and sponsors aren’t authorized to deliver investment services or collect funds....

GameFi and the Metaverse were the best performers in the second quarter during the bear market. The number of transactions associated with them increased by 9.5% and 27%, respectively, according to a report by DappRadar. For comparison, this metric applied to DeFi and NFT showed a decrease of 14.8%...

Meta intends to charge a 47.5% commission on sales of digital goods in the Horizon Worlds metaverse. The reward structure includes a 30% fee towards the Meta Quest Store for VR headsets and a 17.5% fee for Horizon Worlds. On April 11, the corporation announced that it had opened the ability for...

The so-called "whistleblower" Facebook Francis Haugen gave an interview to the popular publication Politico. In a conversation with reporters, a former employee of the social network expressed concern about Meta's inclusion in the metaverse. Haugen became famous all over the world when,...

Yuga Labs, the company standing behind the development of the popular NFT collection Bored Ape Yacht Club (BAYC) announced a new project, "Otherwise". The tweet posted by the company says that the company plans to launch Otherwise in April. The project will be powered by ApeCoin, the...

One of the world’s leading banks, HSBC aims to be a part of the metaverse by collaborating with the blockchain-powered virtual world, The Sandbox. HSBC will obtain a LAND, an NFT representing real estate in the digital world. It becomes the first global financial company to collaborate with The...

Ethereum-based virtual environment The Sandbox has revealed a cooperation with Cube Entertainment, a Seoul-based record label/talent management firm. With this step, The Sandbox will boost K-culture content, focusing on metaverse and non-fungible token possibilities. Animoca Brands, the company...

Multinational investment bank JP Morgan's Onyx platform launched a lounge in the metaverse, based on the blockchain-powered virtual world Decentraland. The platform has its native utility token MANA, which at the moment trades at around $3.3. Users can buy virtual lands, and items using crypto...

Luxury fashion house Gucci opened a shop in the virtual environment through the blockchain-powered decentralized gaming metaverse, The Sandbox. The amount of the deal isn't known. Gucci's virtual platform, Gucci Vault will provide an engaging fashion experience. The space is visualized by the...

In early February, the first wedding took place in the Decentraland metaverse. The event was attended by a representative of the court, witnesses, and about 2,000 guests. In real life, Ryan and Candice Hurley from Phoenix, Arizona have been married for 14 years. They hired Rose Law Group to...

Apple CEO Tim Cook provided a detailed description of the company's plans for expanding business in the metaverse. The man decided to share this information with large investors so that they could weigh all the "pros" and "cons" before investing in new Apple projects. Analyst...

New York-based international record label conglomerate Warner Music Group is intending to hold virtual concerts in the metaverse. The company disclosed that it collaborates with the Ethereum-based shared digital space The Sandbox to set a virtual musical world. WMG obtained an estate that will...

Tech giant Microsoft disclosed acquiring one of the biggest game publisher companies, Activision Blizzard for around $68.7 bln. Microsoft said that the move is a step towards entering the metaverse. Metaverse is a virtual environment where users interact via 3D avatars. Fungible and non-fungible...

Yosuke Matsuda, President and CEO of the Japanese computer games company Square Enix, wished all users a Happy New Year and spoke about the company's plans for the coming year. Matsuda called 2021 "the year of the metaverse" because the interest in it is extremely high. Large corporations...

Financial expert, Managing director of research at Bank of America, Haim Israel, assumes metaverse will boost the adoption of blockchain technology and increase the number of crypto transactions. In one of his recent interviews, Israel mentioned the possibilities virtual-world platforms hold for...

US-based Wisdom Tree Asset Management launches an Ethereum-based ETP on the Swiss stock market SIX and German Borse Xetra. The product enables investors' exposure to Eth without the necessity to own the asset in a direct way or to work with the blockchain framework. So, it makes the investing...

CoinShares has announced the launch of an ETP powered by Ripple's XRP token. Each CoinShares Physical XRP share is physically backed by 40 XRP. Initially, the ETP under the ticker XRPL will be traded on the SIX Swiss Exchange, Switzerland's largest stock exchange, and will have a base commission of...

Digital asset manager CoinShares has announced the launch of an Exchange Traded Product (ETP) based on Litecoin (LTC) with physical backing in cryptocurrency. This was reported in a press release from the firm. Each CoinShares Physical Litecoin (LITE) share is backed by 0.2 LTC upon release. It...