Industry News — Page: 11

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The Metaverse is an industry with $1T potential

The Grayscale report discloses that the Metaverse has attracted 10 times more users within 18 months. The report compared data from June 2021 and the beginning of 2020. The investment corporation stated that the Metaverse is a space able to reach the overall market capitalization of $1 trillion in the near future.

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The Real Reason Crypto-Focused Bank Nuri Files for Insolvency

Nuri, a German crypto-focused digital bank, has declared bankruptcy, blaming macroeconomic challenges and the crypto market collapse. The company, formerly known as Bitwala, filed for insolvency in a Berlin court on Tuesday, only weeks after announcing plans to lay off 20% of its workers in order to achieve profitability.

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