Tag: Decentraland

Genesis, a subsidiary of Barry Silbert’s Digital Currency Group, filed for Chapter 11 bankruptcy on Jan. 19. Its default could have big implications for the crypto industry. It looks as if the bear cycle is going to claim another high-profile crypto company. On Jan. 19, Digital Currency Group’s (DCG’s) lending subsidiary, Genesis, filed for Chapter 11…

Monthly sales on metaverse platforms have fallen 96% in 2022, The Block’s new report revealed. The Sandbox reclaimed its market dominance among metaverse platforms, while Decentraland finished the year with the most valued metaverse land parcels. According to The Block Research’s 2023 Digital Asset Outlook report, Metaverse platforms brought in $49.2 million in monthly trading…

Mailchimp, the email marketing platform, has confirmed that hackers have stolen data from more than 100 of its clients and used the data to mount phishing attacks on the users of crypto services. Trezor hardware wallet users and Decentraland metaverse platform were also affected. Hackers used internal tools from Mailchimp to target customers from a…

JPMorgan, the largest US lender, had become the first bank to arrive in the metaverse, having opened the Onyx lounge in a blockchain-based virtual world Decentraland. According to a report, the bank sees “limitless” opportunities in the virtual world, with a new workforce and expanded virtual real-estate ownership financed by DAOs. JPMorgan Chase has opened…

Samsung has built an entire mini-city on the Ethereum based Decentraland metaverse from where they livestreamed their big Samsung Unpacked event showcasing their latest phone and tech. The South Korean-based giant with yearly revenue of $200 billion has created an immersive experience on Decentraland that gamefies exploring their city corner through a mini-game. After entering…

Interest in Metaverse and associated features, like virtual lands and real estate, is in hot demand, available data from DappRadar shows. Over $100 million was spent on purchasing these virtual properties last week, including the Sandbox grossing over $80 million and Decentraland above $15 million. According to DappRadar, Metaverse-related projects like The Sandbox, Decentraland, CryptoVoxels,…