Following the announcement that Facebook’s parent company would be rebranding in a shift towards the Metaverse, many projects have started similar initiatives entering the virtual space, from buying property to testing the limits of what this universe has to offer.
Virtual ball drop on NYE
The Ethereum-based virtual reality world Decentraland announced on Wednesday that a New Year’s Eve celebration would be taking place in the Metaverse. Grayscale owner Digital Currency Group has partnered with real estate firm Jamestown to create a virtual One Times Square — the iconic New York City location where a giant ball descends on a flagpole, stopping at midnight to mark the start of the new year. The virtual event starting at 11:00 pm EST will feature a live feed of the real Times Square as well as crypto art galleries, games and virtual gatherings.