$9.6 Billion in 3 Days — ETF Analyst Highlights Remarkable Early Success of Bitcoin ETFs
On Tuesday, the third day of trading for the U.S.-based spot bitcoin exchange-traded fund (ETF), there was a noticeable decrease in activity with trading volumes falling by 37% from the levels seen on Jan. 12, 2024.
The day concluded with most funds slightly over 1% lower against the U.S. dollar, with Grayscale’s GBTC capturing the lion’s share of the trading volume.
On Tuesday, the third day of trading for the U.S.-based spot bitcoin exchange-traded fund (ETF), there was a noticeable decrease in activity with trading volumes falling by 37% from the levels seen on Jan. 12, 2024.
The day concluded with most funds slightly over 1% lower against the U.S. dollar, with Grayscale’s GBTC capturing the lion’s share of the trading volume.
🔔 Enovia AI Presale
✔️ 200 BNB filled at this moment
Enovia AI appears to be a project aiming to revolutionize both the AI and blockchain markets. It emphasizes the integration of AI and blockchain technology, unlocking possibilities previously unimagined. The focus is on developing AI applications beneficial for both end users and companies.
- KYCed
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- 51% Liquidity
- Huge Buy Backs
- No Unlocked Tokens
- Rennounced Contract
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https://www.pinksale.finance/launchpad/0x6d522e3dbd2539cbd56c07ffb4a75e79e20ac8b5?chain=BSC
✔️ 200 BNB filled at this moment
Enovia AI appears to be a project aiming to revolutionize both the AI and blockchain markets. It emphasizes the integration of AI and blockchain technology, unlocking possibilities previously unimagined. The focus is on developing AI applications beneficial for both end users and companies.
- KYCed
- Audited
- 51% Liquidity
- Huge Buy Backs
- No Unlocked Tokens
- Rennounced Contract
😊 Access it here
https://www.pinksale.finance/launchpad/0x6d522e3dbd2539cbd56c07ffb4a75e79e20ac8b5?chain=BSC
$VRA Staking Program Extended to 2025! ✔️
Verasity is pleased to officially announce that the Verasity Staking Program has been extended for another year to 31 March 2025!
The daily reward rate will be 15% per annum. The continued rate will be effective from 1st April 2024. The minimum amount of VRA to be staked continues to be 10,000 VRA, and there are no other changes to the staking terms.
Do I need to do anything?
No. If you’re already staking, your VRA tokens will remain staked and begin accruing rewards at the new rate beginning on the 1st April, 2024. There is no action required on your part. There will be no need to restake your VRA. If you haven’t began staking yet, read on to find out how to get started.
➡️ Stake through the VeraWallet here
Verasity is pleased to officially announce that the Verasity Staking Program has been extended for another year to 31 March 2025!
The daily reward rate will be 15% per annum. The continued rate will be effective from 1st April 2024. The minimum amount of VRA to be staked continues to be 10,000 VRA, and there are no other changes to the staking terms.
Do I need to do anything?
No. If you’re already staking, your VRA tokens will remain staked and begin accruing rewards at the new rate beginning on the 1st April, 2024. There is no action required on your part. There will be no need to restake your VRA. If you haven’t began staking yet, read on to find out how to get started.
➡️ Stake through the VeraWallet here
ARK Invest continues Bitcoin futures ETF rotation with multimillion-dollar ARKB purchase
Cathie Wood’s ARK Invest has maintained its strategic investment approach by accumulating shares of its Ark 21Shares Spot Bitcoin ETF (ARKB) for inclusion in its Next Generation Internet ETF (ARKW), according to the company’s latest trade filing seen by CryptoSlate.
In this recent transaction, ARK Invest acquired 523,541 ARKB shares at $21 million while divesting 648,091 units of ProShares Bitcoin Strategy ETF (BITO) for $12.85 million.
Cathie Wood’s ARK Invest has maintained its strategic investment approach by accumulating shares of its Ark 21Shares Spot Bitcoin ETF (ARKB) for inclusion in its Next Generation Internet ETF (ARKW), according to the company’s latest trade filing seen by CryptoSlate.
In this recent transaction, ARK Invest acquired 523,541 ARKB shares at $21 million while divesting 648,091 units of ProShares Bitcoin Strategy ETF (BITO) for $12.85 million.
JPMorgan reports GBTC sell declining, highlights ETF record outflows
In a market report released on Jan. 25, a team led by Nikolaos Panigirtzoglou, JPMorgan’s market strategy managing director,”GBTC profit taking has largely happened already.” The assessment suggests that the primary factors influencing Bitcoin’s price fluctuations, specifically those linked to GBTC, might be diminishing.
Grayscale’s fund has been trading below its net asset value since early 2021. Analysts attribute the $4.3 billion in outflows since its Jan. 11 conversion to an ETF to investors cashing in on earlier GBTC investments.
In a market report released on Jan. 25, a team led by Nikolaos Panigirtzoglou, JPMorgan’s market strategy managing director,”GBTC profit taking has largely happened already.” The assessment suggests that the primary factors influencing Bitcoin’s price fluctuations, specifically those linked to GBTC, might be diminishing.
Grayscale’s fund has been trading below its net asset value since early 2021. Analysts attribute the $4.3 billion in outflows since its Jan. 11 conversion to an ETF to investors cashing in on earlier GBTC investments.
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Get Ready to TRADE OR DIE on the hottest Perp DEX on Starknet - ZKX 🚀
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X: https://twitter.com/zkxprotocol
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Revolutionizing perpetual trading with built-in gamification and 30 min trading battles – where everyone's a winner! 🏆
Whether you're a newbie or a seasoned trader, OG Trade is YOUR new trading haven 🏠
Key Features:
👋 Departure from boring UIs
🤏 One-Click Trading
⚔️ PVP Battle every 30-minutes for each Asset: BTC, ETH & SOL
💰 $ZKX Rewards for 2 months
📛 Profit, Volume & Loss Badges
🖼 Exclusive Clan NFTs
Joining a clan will unlock the doors to ⤵
🖼 NFTs
💰 $ZKX Rewards
🪂 Eligible for Airdrop 2.0
💬 Private TG group for 2 clans
Check which clan is 'the one' for you ⤵
1. Create your ZKX Account
2. Check which clan you’re eligible for
3. Mint the Clan NFT
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X: https://twitter.com/zkxprotocol
LinkedIn: https://www.linkedin.com/company/zkx/mycompany/
Medium: https://medium.com/@zkxprotocol
Website: https://zkx.fi/
Whales and institutions lead the charge in Bitcoin’s exchange volume surge
Bitcoin's price movements often stir the market, but what happened when it briefly dipped below $40,000 and then climbed back to $42,000 was somewhat unprecedented.
Most would anticipate a surge in retail trading; however, the reality of the situation, as revealed by Glassnode's data, was more nuanced.
Bitcoin's price movements often stir the market, but what happened when it briefly dipped below $40,000 and then climbed back to $42,000 was somewhat unprecedented.
Most would anticipate a surge in retail trading; however, the reality of the situation, as revealed by Glassnode's data, was more nuanced.
UAE and China Lead the Way with $13.6M CBDC Breakthrough!
The United Arab Emirates and China have just made history in the world of digital finance, as they successfully conducted their first-ever cross-border central bank digital currency (CBDC) transaction. And it's no small change – we're talking about a whopping $13.6 million!
This groundbreaking payment took place during the grand celebration of the Central Bank of UAE's 50th anniversary in Abu Dhabi, where high-ranking officials from both nations gathered to witness this momentous occasion.
Thanks to the innovative m-CBDC Bridge platform, digital dirhams and digital yuan were seamlessly exchanged, showcasing the immense potential of digital currencies in facilitating global financial transactions.
The event was nothing short of spectacular, with nearly a thousand attendees and esteemed guests like Vice President Mansour bin Zayed Al Nahyan and Chinese Ambassador Zhang Yiming gracing the occasion.
In a true display of collaboration, Mansour and Zhang jointly initiated this landmark payment, officially launching the m-CBDC Bridge's real-time capabilities. It's a significant step forward after the successful pilot phase earlier this year.
The United Arab Emirates and China have just made history in the world of digital finance, as they successfully conducted their first-ever cross-border central bank digital currency (CBDC) transaction. And it's no small change – we're talking about a whopping $13.6 million!
This groundbreaking payment took place during the grand celebration of the Central Bank of UAE's 50th anniversary in Abu Dhabi, where high-ranking officials from both nations gathered to witness this momentous occasion.
Thanks to the innovative m-CBDC Bridge platform, digital dirhams and digital yuan were seamlessly exchanged, showcasing the immense potential of digital currencies in facilitating global financial transactions.
The event was nothing short of spectacular, with nearly a thousand attendees and esteemed guests like Vice President Mansour bin Zayed Al Nahyan and Chinese Ambassador Zhang Yiming gracing the occasion.
In a true display of collaboration, Mansour and Zhang jointly initiated this landmark payment, officially launching the m-CBDC Bridge's real-time capabilities. It's a significant step forward after the successful pilot phase earlier this year.
Bitcoin Rockets Past $46,000 as ETFs Boost Investor Confidence
Bitcoin (BTC) is on a meteoric rise, smashing through the $46,000 barrier and reaching its highest point in a month. The cryptocurrency's surge can be attributed to steady inflows into US-based funds and the buzz surrounding April's halving event. With a 7.3% gain over the past week, BTC is now trading at around $46,246.
The introduction of new spot Bitcoin ETFs has sparked significant interest, with an impressive streak of 10 consecutive days of net inflows. This influx of capital has pushed the total to a staggering $8 billion this week, highlighting the strong demand from investors.
Notably, two major players in the financial world have made their mark in the crypto space. BlackRock's iShares Bitcoin Trust (IBIT) secured the eighth spot on Morningstar's list with a whopping $2.6 billion in net flows, while Fidelity Wise Origin Bitcoin ETF (FBTC) claimed the tenth spot with $2.2 billion.
Bitcoin (BTC) is on a meteoric rise, smashing through the $46,000 barrier and reaching its highest point in a month. The cryptocurrency's surge can be attributed to steady inflows into US-based funds and the buzz surrounding April's halving event. With a 7.3% gain over the past week, BTC is now trading at around $46,246.
The introduction of new spot Bitcoin ETFs has sparked significant interest, with an impressive streak of 10 consecutive days of net inflows. This influx of capital has pushed the total to a staggering $8 billion this week, highlighting the strong demand from investors.
Notably, two major players in the financial world have made their mark in the crypto space. BlackRock's iShares Bitcoin Trust (IBIT) secured the eighth spot on Morningstar's list with a whopping $2.6 billion in net flows, while Fidelity Wise Origin Bitcoin ETF (FBTC) claimed the tenth spot with $2.2 billion.
DraftKings Tees Up PGA Tour NFT Fantasy Golf Game
After establishing NFT-based fantasy sports games around the National Football League (NFL) and Ultimate Fighting Championship (UFC), sports betting firm DraftKings announced today that it will launch an NFT fantasy golf game in partnership with the PGA Tour.
DraftKings will roll out the Reignmakers PGA Tour experience in March, following the same kind of format as with its previous NFT projects. Digital cards based on PGA Tour golfers will be minted and sold via Polygon, an Ethereum sidechain network, and users can compete for millions of dollars’ worth of cash prizes.
Just like in traditional fantasy sports games, users will earn points based on the real-world performance of the players in their respective lineups. But as in DraftKings’ other Reignmakers games and in rival games like Sorare, users will build their lineups by buying and trading digital cards based on the real-world athletes.
After establishing NFT-based fantasy sports games around the National Football League (NFL) and Ultimate Fighting Championship (UFC), sports betting firm DraftKings announced today that it will launch an NFT fantasy golf game in partnership with the PGA Tour.
DraftKings will roll out the Reignmakers PGA Tour experience in March, following the same kind of format as with its previous NFT projects. Digital cards based on PGA Tour golfers will be minted and sold via Polygon, an Ethereum sidechain network, and users can compete for millions of dollars’ worth of cash prizes.
Just like in traditional fantasy sports games, users will earn points based on the real-world performance of the players in their respective lineups. But as in DraftKings’ other Reignmakers games and in rival games like Sorare, users will build their lineups by buying and trading digital cards based on the real-world athletes.
South Korean Police Bust Scam Coin Ring Linked to Winnerz: Arrests Made!
In a major breakthrough, South Korean authorities have apprehended a suspected scam coin operator in Gimpo, Gyeonggi Province. This arrest seems to be connected to the ongoing controversy surrounding the blockchain firm Winnerz.
The individual charged with fraud, known as "A" in local media, is believed to be the CEO of a cryptoasset-related company. Shockingly, this enterprise allegedly used the allure of celebrities, including a former national soccer player, to promote their dubious coin.
However, the soccer star in question, Lee Chun-soo, has now come forward, stating that his images were used without his consent by the GDG coin project. This revelation adds another layer of intrigue to an already complex case.
Investors were lured into buying this token with promises of early access and future profits. Sadly, their hopes were dashed as the coin never made it onto any domestic exchanges. Instead, they found themselves locked out of their investments on a GDG-related platform.
The financial impact is staggering, with around 30 investors allegedly defrauded out of more than $2.25 million. It's worth noting that this virtual currency venture only started operating in March 2021 – a relatively short but destructive run.
In a major breakthrough, South Korean authorities have apprehended a suspected scam coin operator in Gimpo, Gyeonggi Province. This arrest seems to be connected to the ongoing controversy surrounding the blockchain firm Winnerz.
The individual charged with fraud, known as "A" in local media, is believed to be the CEO of a cryptoasset-related company. Shockingly, this enterprise allegedly used the allure of celebrities, including a former national soccer player, to promote their dubious coin.
However, the soccer star in question, Lee Chun-soo, has now come forward, stating that his images were used without his consent by the GDG coin project. This revelation adds another layer of intrigue to an already complex case.
Investors were lured into buying this token with promises of early access and future profits. Sadly, their hopes were dashed as the coin never made it onto any domestic exchanges. Instead, they found themselves locked out of their investments on a GDG-related platform.
The financial impact is staggering, with around 30 investors allegedly defrauded out of more than $2.25 million. It's worth noting that this virtual currency venture only started operating in March 2021 – a relatively short but destructive run.
April 2024 Bitcoin Halving Sparks Worldwide Curiosity, Data Reveals
A recent study focusing on the search term “bitcoin” through Google Trends data revealed that curiosity remained subdued even as the price soared above the $50K mark.
Yet, anticipation for the forthcoming reward halving has hit a 90-day peak. Slated for April 2024, this significant occasion will slash the pace at which new bitcoins are generated by 50%, sparking widespread interest in the topic.
A recent study focusing on the search term “bitcoin” through Google Trends data revealed that curiosity remained subdued even as the price soared above the $50K mark.
Yet, anticipation for the forthcoming reward halving has hit a 90-day peak. Slated for April 2024, this significant occasion will slash the pace at which new bitcoins are generated by 50%, sparking widespread interest in the topic.
MetaMask integrates Blockaid security alerts for wallet users across multiple chains
Crypto wallet app MetaMask has enabled, by-default, integration of security alerts — powered by security firm Blockaid — for its extension and mobile app users across multiple chains.
These security alerts were integrated by default on Ethereum (via extension) in January 2024 and are now available for mobile and extension on the following networks: Linea, BNB Chain, Polygon, Arbitrum, Optimism and Avalanche.
Crypto wallet app MetaMask has enabled, by-default, integration of security alerts — powered by security firm Blockaid — for its extension and mobile app users across multiple chains.
These security alerts were integrated by default on Ethereum (via extension) in January 2024 and are now available for mobile and extension on the following networks: Linea, BNB Chain, Polygon, Arbitrum, Optimism and Avalanche.
Ronin Co-founder Zirlin Claims he Lost $9.7M to Wallet Hack
Ronin and Axie Infinity co-founder Jeff “Jihoz” Zirlin has claimed that two of his wallets have been hacked and about $9.7 million worth of Ethereum stolen.
The funds from the compromised wallets from Ronin Bridge v2 were initially split and moved to three different ones. They were then routed through Tornado Cash Mixer, a move to obscure the ownership and traceability of the funds. The perpetrator then exchanged the assets for 3,249 ETH and deposited them on Tornado.
Ronin and Axie Infinity co-founder Jeff “Jihoz” Zirlin has claimed that two of his wallets have been hacked and about $9.7 million worth of Ethereum stolen.
The funds from the compromised wallets from Ronin Bridge v2 were initially split and moved to three different ones. They were then routed through Tornado Cash Mixer, a move to obscure the ownership and traceability of the funds. The perpetrator then exchanged the assets for 3,249 ETH and deposited them on Tornado.
Bitcoin Trades at Narrow Discount on BinanceUS
Bitcoin (BTC) was priced at a slight discount on BinanceUS early Friday after the exchange said it would become a crypto-only platform starting June 13.
At 08:25 UTC, the bitcoin-U.S. dollar pair on BinanceUS traded at least $130 below prices on Coinbase and other major exchanges, according to data tracked by the charting platform TradingView.
"BTC now trades at a slight discount on BinanceUS," said Clara Medalie, a director at Paris-based crypto data provider Kaiko. "News of a possible halt in USD withdrawals has caused an uptick in BTC selling as traders quickly try to get their assets off the exchange,"
BinanceUS tweeted late Thursday that it would no longer accept dollar deposits and warned that its banking partners are preparing to pause fiat withdrawal channels as of June 13. The exchange urged clients to reclaim their dollars using bank transfers before then, and said it would begin delisting the dollar-denominated pairs starting next week.
The decision comes days after the U.S. Securities Exchange and Commission (SEC) asked a federal court to freeze BinanceUS' assets, while suing its global entity Binance and rival exchange Coinbase for violating the federal securities law.
The SEC's action saw market makers remove liquidity from BinanceUS' order books. The resulting worsening of the market depth saw bitcoin trade at a premium of more than $1,000 on the exchange at one point.
Bitcoin (BTC) was priced at a slight discount on BinanceUS early Friday after the exchange said it would become a crypto-only platform starting June 13.
At 08:25 UTC, the bitcoin-U.S. dollar pair on BinanceUS traded at least $130 below prices on Coinbase and other major exchanges, according to data tracked by the charting platform TradingView.
"BTC now trades at a slight discount on BinanceUS," said Clara Medalie, a director at Paris-based crypto data provider Kaiko. "News of a possible halt in USD withdrawals has caused an uptick in BTC selling as traders quickly try to get their assets off the exchange,"
BinanceUS tweeted late Thursday that it would no longer accept dollar deposits and warned that its banking partners are preparing to pause fiat withdrawal channels as of June 13. The exchange urged clients to reclaim their dollars using bank transfers before then, and said it would begin delisting the dollar-denominated pairs starting next week.
The decision comes days after the U.S. Securities Exchange and Commission (SEC) asked a federal court to freeze BinanceUS' assets, while suing its global entity Binance and rival exchange Coinbase for violating the federal securities law.
The SEC's action saw market makers remove liquidity from BinanceUS' order books. The resulting worsening of the market depth saw bitcoin trade at a premium of more than $1,000 on the exchange at one point.
BlackRock Bitcoin ETF Smashes Daily Inflow Record, Ranks 2nd In United States
BlackRock’s Bitcoin (BTC) ETF has cracked a new daily inflow record, helping push Bitcoin’s above $60,000 for the first time since November 2021.
The iShares Bitcoin Trust (IBIT) absorbed another $520 million on Tuesday, bringing the fund’s total flows since launch above $6.5 billion.
Furthermore, thanks to Bitcoin’s rising price during that period, the value of the firm’s Bitcoin stash has appreciated to over $8 billion.
BlackRock’s Bitcoin (BTC) ETF has cracked a new daily inflow record, helping push Bitcoin’s above $60,000 for the first time since November 2021.
The iShares Bitcoin Trust (IBIT) absorbed another $520 million on Tuesday, bringing the fund’s total flows since launch above $6.5 billion.
Furthermore, thanks to Bitcoin’s rising price during that period, the value of the firm’s Bitcoin stash has appreciated to over $8 billion.
FTX issues warning on authorized bids and asset sales
As the bankrupt FTX exchange prepares to settle obligations to creditors affected by its 2022 collapse, it has cautioned the public about its sole authorized investment manager.
In addition, FTX explained that if the FTX Debtors sell locked digital assets, the terms and conditions governing the schedule for unlocking the holdings would still stand.
The bankrupt exchange has actively worked on restructuring and repaying its creditors in recent months.
As the bankrupt FTX exchange prepares to settle obligations to creditors affected by its 2022 collapse, it has cautioned the public about its sole authorized investment manager.
In addition, FTX explained that if the FTX Debtors sell locked digital assets, the terms and conditions governing the schedule for unlocking the holdings would still stand.
The bankrupt exchange has actively worked on restructuring and repaying its creditors in recent months.
Arkham claims to identify Tesla and SpaceX’s Bitcoin addresses holding nearly 20,000 BTC
Blockchain analytics platform Arkham Intelligence claims to have identified the Bitcoin addresses for Tesla and SpaceX — holding a combined 19,794 , worth more than $1.3 billion at current prices. “Arkham has identified the BTC holdings of Tesla and SpaceX.
We are the first to publicly identify these holdings on chain,” the firm posted on X. Arkham believes Tesla currently holds 11,509 BTC across 68 addresses, worth $770.7 million, and SpaceX 8,285 BTC among 28 addresses, worth $554.9 million.
Blockchain analytics platform Arkham Intelligence claims to have identified the Bitcoin addresses for Tesla and SpaceX — holding a combined 19,794 , worth more than $1.3 billion at current prices. “Arkham has identified the BTC holdings of Tesla and SpaceX.
We are the first to publicly identify these holdings on chain,” the firm posted on X. Arkham believes Tesla currently holds 11,509 BTC across 68 addresses, worth $770.7 million, and SpaceX 8,285 BTC among 28 addresses, worth $554.9 million.
Non-Fungible DAO to Airdrop Ordinals $NFTs on Magic Eden
Bitcoin Ordinals traders on the Magic Eden platform are in for a treat as the Non-Fungible DAO recently announced an airdrop of its new Ordinals ‘$NFT’ token is in the works.
Non-Fungible DAO’s X post indicates that this initiative is aimed at celebrating the community utilizing MSigner — a tool engineered by Magic Eden that aids in the process of signing Partially Signed Bitcoin Transactions (PSBTs) for managing Ordinals.
Bitcoin Ordinals traders on the Magic Eden platform are in for a treat as the Non-Fungible DAO recently announced an airdrop of its new Ordinals ‘$NFT’ token is in the works.
Non-Fungible DAO’s X post indicates that this initiative is aimed at celebrating the community utilizing MSigner — a tool engineered by Magic Eden that aids in the process of signing Partially Signed Bitcoin Transactions (PSBTs) for managing Ordinals.
PancakeSwap (CAKE) Launches V4 with $3M CAKE Airdrop to Enhance DeFi Ecosystem
PancakeSwap, a decentralized exchange at the forefront of the DeFi sector, has announced the launch of PancakeSwap V4 along with an enticing $3 million CAKE token airdrop.
This move is set to invigorate the platform's community engagement and bolster its position within the DeFi ecosystem.
The airdrop campaign is aimed at both existing users and new participants, promoting the exploration of the platform's enhancements.
PancakeSwap, a decentralized exchange at the forefront of the DeFi sector, has announced the launch of PancakeSwap V4 along with an enticing $3 million CAKE token airdrop.
This move is set to invigorate the platform's community engagement and bolster its position within the DeFi ecosystem.
The airdrop campaign is aimed at both existing users and new participants, promoting the exploration of the platform's enhancements.
Metaverse to help tackle global warming: Study
A recent study suggests that the metaverse, a virtual 3D environment where the physical and digital worlds merge, has the potential to contribute to the reduction of global surface temperatures by up to 0.02 degrees Celsius by the end of the century.
Published in the journal Energy & Environmental Science, the study highlights the metaverse's ability to lower greenhouse gas emissions, decrease atmospheric carbon dioxide concentration.
The study emphasizes the potential benefits of metaverse-based remote working, distance learning, and virtual tourism in improving air quality.
By reducing transportation and commercial energy usage, the metaverse can also contribute to transforming energy distribution, with a greater energy supply directed towards the residential sector.
A recent study suggests that the metaverse, a virtual 3D environment where the physical and digital worlds merge, has the potential to contribute to the reduction of global surface temperatures by up to 0.02 degrees Celsius by the end of the century.
Published in the journal Energy & Environmental Science, the study highlights the metaverse's ability to lower greenhouse gas emissions, decrease atmospheric carbon dioxide concentration.
The study emphasizes the potential benefits of metaverse-based remote working, distance learning, and virtual tourism in improving air quality.
By reducing transportation and commercial energy usage, the metaverse can also contribute to transforming energy distribution, with a greater energy supply directed towards the residential sector.