News Report
July 11, 2022

The Metaverse Daily for July 11, 2022

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.”

Read related posts:

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

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.

More articles
Karolina Gaszcz
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.

Hot Stories
Join Our Newsletter.
Latest News

The Calm Before The Solana Storm: What Charts, Whales, And On-Chain Signals Are Saying Now

Solana has demonstrated strong performance, driven by increasing adoption, institutional interest, and key partnerships, while facing potential ...

Know More

Crypto In April 2025: Key Trends, Shifts, And What Comes Next

In April 2025, the crypto space focused on strengthening core infrastructure, with Ethereum preparing for the Pectra ...

Know More
Read More
Read more
The Future Of Bitcoin: Investment, Mining, And Environmental Impact – 2025 Outlook
Markets News Report Technology
The Future Of Bitcoin: Investment, Mining, And Environmental Impact – 2025 Outlook
July 11, 2025
SOON Foundation Announces Comprehensive Recovery Plan In Response To SOON Price Manipulation Incident
News Report Technology
SOON Foundation Announces Comprehensive Recovery Plan In Response To SOON Price Manipulation Incident
July 11, 2025
Gate Unveils ‘VIP Exclusive Airdrop Carnival, Introducing New Model For Customized Reward Distribution
News Report Technology
Gate Unveils ‘VIP Exclusive Airdrop Carnival, Introducing New Model For Customized Reward Distribution
July 11, 2025
CGV Research: MicroStrategy’s Success Drives Corporate Balance Sheets Toward The Programmable Era
Business News Report Technology
CGV Research: MicroStrategy’s Success Drives Corporate Balance Sheets Toward The Programmable Era
July 11, 2025