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crypto: The metaverse bet: crypto-rich investors snap up virtual real estate

Synopsis Metakovan plans to put the artwork on display in four virtual world environments. He is working with architects to design gallery complexes that the public can enter via web browsers or virtual reality technology. Reuters What do you do with a $69 million artwork that doesn t physically exist? That s the question faced by the Singapore-based investor calling himself Metakovan, who made headlines last month when he bought the digital artwork Everydays: The First 5000 Days by the American artist Beeple at Christie s. The work is a non-fungible token (NFT) - a new type of virtual asset that has its ownership status and authenticity verified by blockchain. NFTs have exploded in popularity in 2021, with prices skyrocketing.

The future of land? Crypto-rich investors snap up virtual real estate

The future of land? Crypto-rich investors snap up virtual real estate
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A look back at 2020 s big stories

There was never much of a question about what the biggest story of 2020 would be. COVID-19’s spread around the world caused massive problems that we are still very much dealing with. But there were other stories, as well. Here are three big stories from 2020 that weren’t COVID-19. Oil price collapse In March, the oil and gas industry was hit with a double-whammy: a drop in demand because of the global pandemic and a price war between Russia and Saudi Arabia. That caused the price of a barrel of oil to plummet from more than $50 per barrel in January to nearly nothing by early May. Prices have rebounded to between $30 and $40 per barrel.

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