400M raised, Barbados first Metaverse embassy and more
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November 19th, 2021

What happened this week in Metaverse?

$400M funding round to help Gemini build in the decentralized Metaverse

The Winklevoss twins have big plans for a Gemini future in different Metaverses as they go head to head with archrival Meta.

The Winklevoss twins’ crypto exchange Gemini will allocate capital from its $400 million funding round into building a “Gemini experience in different Metaverses.”

Gemini announced that it had closed a $400 million equity growth funding round at a valuation of $7.1 billion on Nov. 18, marking the first time the firm had sought outside financing. Morgan Creek Digital led the round with participation from 10T, ParaFi, Newflow Partners, and Marcy Venture Partners to name a few.

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Barbados to launch world’s first virtual embassy in the metaverse

Barbados says it is the first country in the world to establish a digital embassy in a metaverse.

The Caribbean island struck an agreement with Decentraland, a company that hosts a user-owned, 3D digital world, comprised of 90,601 plots of ‘land’.

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TOP 20 Most Viewed Metaverse Projects on CoinMarketCap

CoinMarketCap has published Top 20 most viewed metaverse projects on their website. Has any of your favourite projects made it to the top?

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adidas Enters the Metaverse with NFT Launch

adidas has officially entered the Metaverse. While other brands are in the process of finding their way into the space, the Three Stripes is already ahead of the curve. Not only did the brand launch an NFT with their rookie Jaguars’ QB Trevor Lawernce, but adidas recently launched a one-of-a-kind collectible.

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Buying a Virtual Lands in Metaverse is booming

Youtouber NFT Verse has published a begginer’s guide how to buy a land in Metaverse. View Video

Meet Metaverse Group KINGSHIP: Made Up of 4 BAYC Apes!

As it is, BAYC is the darling of the NFT space. Now it’s expanding the utility of the Bored Apes by entering the music industry and forming an all-star metaverse group. Read More

Sandbox Metaverse Alpha to launch Nov. 29 after four years in development

SAND prices have surged to a new all-time high as The Sandbox announces its highly anticipated play-to-earn metaverse event. Read more

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