Investment

What is metaverse and why NFTs are key to its massive explosion

Larry Cheng, managing partner at Volition Capital, argued that there is “a bit of a gold rush mentality to NFTs as the fiber and the texture of the metaverse” as he described the space, which is garnering increased interest from traditional companies, including Walmart.

Blackstone buying majority stake in Spanx

Blackstone Inc. is buying a majority stake in Spanx Inc., becoming the first outsider to put money into a company that revolutionized women’s shapewear.

Robinhood crypto wallets confirmed

Robinhood announced Wednesday that a select number of its customers will begin testing crypto wallets for the retail trading platform starting next month.