The metaverse is challenging user perception of materiality, digitalising elements of the physical realm and unlocking new economic values. Companies and policymakers are each fighting to establish ground rules across it, but so far its exact definition remains obscure.
ChainUp has announced the appointment of former Singapore prime minister and MAS chairman, Goh Chok Tong to its board, the completion of its acquisition of Bedrock Trust Pte, and further strategic expansion through partnerships.
Tech entrepreneur, Yat Siu, launched one of Hong Kong's first internet providers in the 1990s and today, is contributing to what he calls “the open metaverse”, through the company he co-founded: Animoca Brands.
Greater familiarity, institutional support, and budding public interest for cryptocurrencies suggest that 2022 could be a banner year for digital assets. Will encouraging momentum continue, or will new virtual money eventually be faced with old money problems?