Demand for digital assets is set to grow as online virtual worlds become more popular but investors face some short-term risks, Animoca Brands' chairman and co-founder Yat Siu said in a Reuters panel on Wednesday.
Bitcoin tumbled almost 8% on Friday after the discovery of a new, potentially vaccine-resistant coronavirus variant saw investors dump riskier assets for the perceived safety of bonds, the yen and the dollar.
A barrage of misleading prime-time adverts and little attempt to educate first-time investors scattered across small towns are some of the problems surrounding cryptocurrencies in India. A government plan to present a bill on regulation prompted panic-selling of digital assets earlier this week. The volatility underscores the need for a rapid decision on whether India wants to embrace them or not.
South Korea's mobile and online game producers are luring players with services using non-fungible tokens (NFTs), jumping on a trend the firms see as the future of the sector and sparking a sharp rally in their shares in recent weeks.
A patch of virtual real estate in the online world Decentraland sold for a record $2.4 million worth of cryptocurrency, the buyer crypto investor Tokens.com and Decentraland said on Tuesday.