30 December

Jamestown, the owner of One Times Square, is recreating the 26-story tower at the heart of New York’s New Year’s Eve ball drop in Decentraland. The virtual One Times Square will span 170 parcels of Decentraland property and include the unveiling of the game’s first high-rise building.

The celebration, dubbed “MetaFest 2022,” will include non-fungible token (NFT) art galleries, rooftop VIP lounges and virtual music performances. Virtual billboards will tie the experience to the event’s meatspace counterpart via livestreams of New York City.

As the value of virtual real estate in popular metaverse games like Decentraland and The Sandbox continues to soar, involvement from real-world real estate developers like Jamestown could be a trend to watch.

The metaverse is an important part of the evolution of real estate and the built environment.”

Real Vision CEO Raoul Pal believes the recent volatility in Bitcoin’s (BTC) price is due to institutions selling to help shore up their end-of-year profits.

It looks like they’re done because the market has been chopping around for the past week, which was the traditional last week of everybody squaring their books.

Considering that much of the selling in December has come from wallets that accumulated Bitcoin around the summer, according to Glassnode, and that institutional assets under management of cryptocurrency surged in May and October, according to CoinShares, the timing of the selling indeed points to institutions unloading some bags.

Pal expects 2022 to begin with a strong start for the crypto markets as the capital from institutions gets redeployed.”

See Also: Bitcoin dominance falls under 40%

Jim Rogers, Jim Rickards & Other Top Money Experts Offer Warnings & Advice For 2022

South Korean crypto exchange Coinone has announced it plans to no longer allow withdrawals of tokens to unverified external wallets starting in January. In March, the South Korean government implemented a previously passed bill that requires local crypto exchanges to meet requirements for a real-name account and ISMS authentication.

According to Coinone, it planned to verify users’ names and resident registration numbers — issued to all residents of South Korea — to ensure crypto transactions were ‘not used for illegal activities such as money laundering.'”

See Also: Korean government tells Apple and Google stores to take down P2E games