In other news, crypto exchange Binance is leading investors’ contribution to a bailout of victims of a $615 million digital coin theft, the company targeted in the heist said.
Sky Mavis said it would reimburse the lost money to users through a combination of its own balance sheet funds and $150 million raised by investors including cryptocurrency exchange Binance and venture capital firm a16z.
Meta abandoned its effort to create a global cryptocurrency — first called Libra but eventually re-branded as Diem — in the face of fierce backlash by financial regulators around the world.
Meanwhile, India will soon have its first music NFTs on April 14 with a concert in the metaverse, an immersive 3D version of the internet tipped to transform workplaces and online interactions.
29,000 and can be bought online using internet banking, debit, credit card or UPI options, and not necessarily through cryptocurrency, Jupiter Meta said.
At the metaverse concert, Karthik will play a few of his all-time hits from Tamil films apart from his own compositions, which will be introduced in concert for the first time ever, the organisers said.