Decentraland Throws a New Year's Eve party in Times Square, and Mutant Apes go berserk, Amongst Others

Decentraland Throws a New Year's Eve party in Times Square, and Mutant Apes go berserk, Amongst Others
Photo by Sincerely Media / Unsplash

Decentraland, a decentralized metaverse project, will debut a virtual reality version of the historic Times Square during a New Year's Eve party that will overlap with the real-life celebration in New York City. The "MetaFest 2022 NYE Party" will occur at Decentraland's Estate 4 district until 8:00 a.m. UTC on January 1. Live music, rooftop VIP lounges, new tokenized collectibles, and wearables drop, live feeds of real-world NYE festivities throughout the world, CryptoArt galleries, and games will be among the highlights.

The virtual reality version of New York's renowned site is called "One Times Square," with the "one-time" pun implying that the tower may be dismantled after the party is over.

The "Mutant Ape Yacht Club," a spinoff project of Yuga Labs' "Bored Ape Yacht Club," has climbed to the top of the secondary sales volume lists. According to CryptoSlam, demand in the "Mutant Ape Yacht Club" nonfungible tokens (NFT) has increased by 355.29 percent in the last 30 days, resulting in $76.8 million in secondary market sales.

Related: A Play-To-Earn Game Hosts Christmas Charity Drive for Ol Pejeta Conservancy

The NFTs portray mutant versions of the extremely popular Bored Ape avatars, and it is now the most popular project in terms of volume throughout a 24-hour and seven-day period.

Micro Bank, a crypto-friendly Swedish bank, has announced aspirations to enter the NFT and metaverse markets. The bank provides services throughout Europe and is now developing a pilot project to introduce a digital asset custody service. In addition, Micro Bank plans to introduce its NFT collectibles as a new method to "earn money," according to a Wednesday release. It is now developing strategies to roll out a virtual banking experience across metaverse-based virtual worlds.

The Metaverse is expected to become a more important digital financial platform for banking and financial transactions and personal and corporate relationships.

Read more