Decentraland is a decentralized metaverse initiative that will present a virtual reality replica of Times Square at a New Years Eve celebration. This will be in addition to the actual New York City celebration. Decentraland’s Estate 4 District will be hosting the “MetaFest 2022 NYCE Party” from January 1 at 8:00 UTC. The highlights include live music, VIP rooftop lounges and new tokenized collectibles. There will also be wearables drops, live streams of NYE celebrations around the globe, CryptoArt galleries and games.

Virtual reality is the virtual version of New York City’s famous site, “One Times Square.” The “one-time” pun refers to the possibility that the tower might be demolished after the party.

Yuga Labs spinoff, the “Mutant Ape Yacht Club”, has reached the top of secondary volume list. CryptoSlam reports that the demand for non-fungible tokens in “Mutant Ape Yacht Club”, which are NFT, has increased 355.29 percent over the past 30 days. This resulted in secondary market sales of $76.8 millions.

Similar: Play-To-Earn hosts Christmas charity drive for Ol Pejeta Conservancy

NFTs are mutant avatars of popular Bored Ape avatars. It is currently the most-popular project by volume over a seven-day and 24-hour period.

Micro Bank, a Swedish cryptocurrency-friendly bank, announced its aspirations for entry into the NFT, and metaverse markets. Micro Bank provides European services and has begun a pilot program to establish a digital asset custody system. Micro Bank will also introduce NFT collectibles to its customers as a means to earn more money, according to a Wednesday press release. The bank is currently working on strategies for launching a virtual banking service in metaverse-based virtual realms.

Metaverse is set to grow in importance as a digital financial platform. It will facilitate financial transactions and banking.

Continue reading on BTC Peers