The Metaverse Daily for July 11, 2022


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The Metaverse Daily for July 6, 2022
  • Let’s tackle DeFi news first. The price of the Metaverse Index has experienced an even more significant drop over the weekend, falling from $40.46 to $37.57. The cost of Bluechip NFT Index has continued growing and has reached 34.33 ETH, while the Metaverse Land Index has seen a price drop and is now trading at 1.82 ETH.
  • Cryptocurrencies are in the red and have seen price decreases over the weekend. Bitcoin remains over the $20k mark, but with the 3.20% price decrease, it’s edging towards this barrier. Ether is also down by 2.61%. The NFT-related coins aren’t doing much better, with Flow down by 4.83% and Decentraland’s MANA down by 4.33%.
  • The Russian feminist protest collective Pussy Riot launches an NFT collection. In collaboration with Ksti Hu, the collective created the “Proof of Protest” collection to support reproductive rights; the proceeds from the sale will go towards organizations supporting the cause.
  • Three Arrows Capital is accountable for Blockchain.com’s loss of a staggering $270 million in loans. Blockchain.com was one of the creditors pushing for 3As liquidation to make up the losses.
  • MMO game Otherside carried out a stress test of the platform to ensure the platform doesn’t collapse and become unplayable when players begin coming in throws. Otherdeed landholders participated in thousands.
  • SoHo art gallery NowHere has opened a month-long summer exhibition, “Metaverse Petshop.” The exhibition is akin to “a petshop for art” as visitors can: “Stop in, browse, and pick something to come home and live with you.”

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Disclaimer

Any data, text, or other content on this page is provided as general market information and not as investment advice. Past performance is not necessarily an indicator of future results.

Karolina Gaszcz

Karolina is a writer and journalist with a background in literary studies. She loves exciting tech solutions and art, and NFTs are often a perfect amalgamation of the two. Outside of work, she’s a plant mom, a vintage fashion enthusiast, and a gamer.

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