Walmart stocks virtual goods and Celsius CEO resigns
PLUS: 🏦 Gemini expands to institutional clients and 🌐 Circle making USDC cross-chain.
Curating Web3’s most important news and social proofs of the past week, alongside political profiles, and additional insight, from the Twali Wrapped Guild.
Are you an expert in Compliance, HR, Legal, Tokenomics, Governance, Accounting, Tax, Policy or Regulation?
Headlining…
Most important news of the past week:
📑 The CFTC sues Ooki DAO, claiming all who voted in governance are individually liable.
🇸🇬 Singapore bank DBS announces crypto trading platform for high net worth clients.
🌐 Circle launches protocol to make USDC cross-chain.
🌪 Alibaba launches luxury metaverse mall.
💼 Celsius’s founder/CEO resigns.
Social proof…
Key cases of adoption over the past week:
🐭 Disney hiring a transaction lawyer for DeFi and NFT products.
Why this Matters: After calling metaverse and DeFi products the “next-gen of storytelling,” Disney posted a job listing for a lawyer to perform due diligence on NFT, blockchain, third party marketplace, and cloud provider projects. Depending on how this goes, we could see a pattern across media conglomerates expanding their personnel to web3 experts.
🛒 Walmart to sell virtual goods in the metaverse.
Why this Matters: Walmart filed for several trademarks to sell fashion, style, beauty, and entertainment items at “Walmart Land”—a virtual merchandise store. Walmart Land and Walmart’s Universe of Play (play-to-earn games and mini-adventures) will roll out on Roblox, reaching its 52 million daily users.
🏦 Gemini Exchange expands for institutional retail traders.
Why this Matters: Gemini Exchange announced a recent deal with quantitative financial adviser Betterment, which will bring crypto investment to thousands of institutional clients. Betterment has over 730,000 customers and will offer crypto portfolios (through Gemini) to those customers starting next month.
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