Metaverse Newsletter issue #01

What’s new in the Metaverse? We keep an eye on the developments for you and keep you up to date with interesting stories from the world of the Metaverse and NFTs.

NFTs: The metaverse economy

The importance of NFTs for the Metaverse is often emphasised. They are said to likely become the “linchpinch” of the metaverse economy. This article looks at how NFTs enable the growth of societies within immersive virtual worlds

How Bored Ape Yacht Club Broke Ethereum

NFTs and the Metaverse have grabbed the headlines again when the “otherdeeds”, an NFT collection on the Ethereum Blockchain, was launched on Saturday by Yuga. With their new collection, which quickly sold out, the team behind the Bored Ape Yacht Club are creating a virtual world called the “Otherside”. This article looks at how the Bored Ape Yacht Club broke the Ethereum Blockchain.

Metaverse Fashion Week: The hits and misses

Earlier this year, Decentraland hosted the Metaverse Fashion Week with 108,000 unique attendees. It has been referred to as the most high-profile fashion event in the metaverse yet. This article looks at the mixed reviews the event received.

Please note that the articles do not reflect the opinions of Taylor Wessing, but only the opinions of the respective authors.