Evolution is key for a business to remain competitive at the highest level for a long time. As a result, companies are always looking for the hottest trends to help increase their market share, and one of the main topics companies are discussing is the metaverse.

Over the past couple of weeks, investor confidence has been dropping in both the crypto and stock markets. Moreover, with the current economic climate, many investors have begun offloading most of their investments as there are rising concerns about a potential recession, leading to a crypto bear market.

Last week, luxury fashion house Gucci announced they would start accepting digital assets, cryptocurrencies, as a means of payment.

NFTs have become increasingly popular over the past couple of months, and because of their rising popularity, more people have begun selling these digital items on blockchains. This is how you can begin minting and selling NFTs too.

The Internal Revenue Service (IRS) has decided to begin taxing cryptocurrency profits as many did not report having crypto assets, leading to them understating their income and the amount of taxes paid.

Before the rise of cryptocurrency, the only way to purchase items was through cash, or cash equivalents, such as debit cards and credit cards. However, over the past couple of years, the rise in popularity of different cryptos has caused them to become slowly integrated into our daily lives.

Rap legend Nas announced that he has partnered with Royal, a song ownership platform, and has executed an NFT drop. In the drop, consumers have the opportunity to purchase NFTs that will allow them to receive varying levels of streaming royalty rights.

The Brooklyn Nets announced both during their game against the New Orleans Pelicans and on social media their expansion into the Metaverse. This virtual reality platform will have over 100 high-resolution cameras around the players on the court, giving fans an augmented reality experience of the game through a virtual reality headset.

Over the past couple of years, the hype around cryptocurrency has increased rapidly. Cryptocurrency is being viewed as the future of finance with the potential of revolutionizing the world’s daily operations.

As the holiday season approaches, many people are struggling to find the perfect present for their loved ones. If you're looking for a non-traditional gift, consider gifting crypto or NFTs. Here's how gifting digital assets make for a unique present.

Nike is expanding into the Metaverse by acquiring RTFKT Studios. RTFKT specializes in producing items with a mix of culture and gaming elements in the digital world. This makes Nike one of the first apparel companies to expand into the Metaverse.