LensLinks: Issue 26

Today in LensLinks:

• Here Comes "THE SCOURGE"

• 2022: $2B Metaverse Land Purchases

• JPMorgan executes first DeFi trade on a public blockchain: Finance Redefined

• "Zuckerberg's Revenge"

• MakerDAO co-founder Nikolai Mushegian dies at 29 in Puerto Rico

• UK Inquiry on NFTs?

• And Much, Much More...

The Ethereum network’s new plans were revealed by Buterin in a Nov. 5 Twitter post — which introduced the Scourge in a now expanded six-part technical roadmap.

Following Ethereum’s shift to a proof-of-stake (PoS) network on Sept. 15, Ethereum has been in the second stage — the Surge — with the goal of getting to 100,000 transactions per second through rollups.

The updated technical roadmap now inserts the Scourge as the new third stage, which will then be followed by the previously-known stages — the Verge, the Purge and the Splurge.

It's estimated that $1.93 billion has been spent on acquiring digital land in the metaverse over the past twelve months, as companies rush to invest in crypto-based online games. Businesses and individuals across various industries are spending as much as $1.5 million on their virtual plots, as NFTs and crypto continue to try and break into the mainstream.

However, as highlighted in a BBC report, this record investment has coincided with a metaverse property price crash. This also comes as Meta's attempts to create its own metaverse publicly backfire, with the social media giant finding little success in the field.

Multinational banking firm JPMorgan has successfully executed its first-ever cross-border transaction using DeFi on a public blockchain. The trade was facilitated by the MAS’s Project Guardian on Nov. 2.

The pilot was another step into examining how traditional financial institutions can use tokenized assets and DeFi protocols to conduct financial transactions, among other use cases.

Fidelity Investments, one of the world’s largest brokerage firms with $9.9 trillion in assets under administration, is launching Fidelity Crypto, a service that allows retail investors to trade bitcoin and ether commission-free. “A meaningful portion of Fidelity customers are already interested in and own crypto,” the firm said.

Metaverse & Gaming - A Little More...

Blockchain, Tokens & Defi - A Little More...

Crypto Trading - A Little More...

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