Chinese Authorities caution against metaverse-related fraud
The Chinese government is sending out a note of warning to her citizens regarding the metaverse and the risks associated with it, this move is coming after the nation previously banned cryptocurrency trade and mining. The Chinese Banking and Insurance Regulatory Commission has issued a public warning against fraudulent metaverse initiatives . The notification explained […]
Report: Hong Kong to Begin Trading of First Metaverse ETF On Feb. 21
Hong Kong’s first metaverse-themed exchange-traded fund was launched by CSOP Asset Management and will be listed on February 21 on the Hong Kong Stock Exchange. CSOP has indicated that in order to meet its investment goal, it would pursue an active management approach that will primarily invest in publicly traded firms in the Metaverse industry […]
US banking giant JP Morgan enters the Metaverse
US banking giant JP Morgan has opened an office in Decentraland, following the bank’s entrance into the metaverse with the launch of a virtual lounge, the price of the virtual reality game’s native token (MANA) has seen an increase of about 10%. Users may buy land and develop things from scratch in Decentraland, a virtual […]
Disney prepares itself for the Metaverse with a new executive
As part of its Metaverse push, Disney has promoted an executive to lead its newly created position which is dubbed Next Generation Storytelling and Consumer Experiences.” The decision according to the CEO is geared towards creating metaverse experiences. In an internal email, Disney’s CEO Bob Chapek informed staff that Mike White had been promoted from […]
Victoria’s Secret and Maybelline files for NFT and metaverse-related trademark
Just like other popular companies, Victoria’s Secret and Maybelline have filed for NFT as well as a metaverse-related trademark. Mike Kondoudis, a trademark attorney disclosed via tweets today that Victoria’s Secret and Maybelline are filling for NFT/Metaverse-related trademarks. It’s pertinent for businesses to protect their intellectual property, however, goes beyond just protecting your property, it […]