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Metaverse: Is Land Scarcity Good or Bad?

Metaverse: Is Land Scarcity Good or Bad?

Quick Take

  • The main distinction between the physical and the virtual worlds is that lands in the former are naturally scarce. 
  • The artificial scarcity imposed on web3 lands is keeping the lands from being productive and potentially leads to a web3 land crisis.
  • The article discusses land value tax as one of the ways to curb extreme web3 lands speculations.

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Adam Neumann-backed blockchain startup Flowcarbon raises $70 million

Flowcarbon, a startup co-founded by former WeWork CEO Adam Neumann, is developing blockchain-based carbon trading tools.

The post Adam Neumann-backed blockchain startup Flowcarbon raises $70 million appeared first on The Block.

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Optimism cracks down on airdrop farmers, removing 17,000 addresses

Ethereum scaling solution Optimism has reduced the number of wallets that are eligible to receive its upcoming airdrop.

The post Optimism cracks down on airdrop farmers, removing 17,000 addresses appeared first on The Block.

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Central African Republic teases ‘Project Sango’ crypto hub

The landlocked African nation’s plans, published in an online presentation, include a ‘crypto island’ and a bitcoin wallet.

The post Central African Republic teases ‘Project Sango’ crypto hub appeared first on The Block.

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Gaming platform Bud raises $37 million in round led by Sequoia Capital India

The Singapore-based company has laid out plans to launch its own NFT marketplace and push into web3.

The post Gaming platform Bud raises $37 million in round led by Sequoia Capital India appeared first on The Block.

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Coinbase becomes the first crypto company to enter the Fortune 500

The exchange operator has become the first crypto company to make the Fortune 500 cut, ranking at number 437.

The post Coinbase becomes the first crypto company to enter the Fortune 500 appeared first on The Block.

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Digital securities platform ADDX raises $58 million

ADDX, a Singapore-based trading platform for digital securities, announced a $58 million pre-Series B funding round this morning.

The post Digital securities platform ADDX raises $58 million appeared first on The Block.

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Ted Cruz: ‘I want Texas to be the oasis on planet Earth for bitcoin and crypto’

“I think a central bank digital currency is a horrific idea. I think it is a very dangerous idea,” said Cruz.

The post Ted Cruz: ‘I want Texas to be the oasis on planet Earth for bitcoin and crypto’ appeared first on The Block.

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Bitcoin mining stock report: Monday, May 23

Here’s how crypto mining companies performed on Monday, May 23.

The post Bitcoin mining stock report: Monday, May 23 appeared first on The Block.

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Congress launches ethics investigation into Rep. Madison Cawthorn’s crypto activities

The US House Committee on Ethics will investigate whether congressman Madison Cawthorn promoted a crypto project he had an undisclosed interest in.

The post Congress launches ethics investigation into Rep. Madison Cawthorn’s crypto activities appeared first on The Block.

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