🖼️ A Louvre in the Metaverse?

NFT is the word of the year for Collins Dictionary, India brings confusion over crypto clampdown, El Salvador plans a “Bitcoin City”... [View in Browser]( [Gif Ledger Bites]( 26/11/2021 NFT is the word of the year for Collins Dictionary, India brings confusion over crypto clampdown, El Salvador plans a “Bitcoin City”...Your weekly Biiiiiites brought to you by Milan from Ledger. Were those Biiiiiites sent to you by a friend ? [Subscribe here]( 📙 A New Educational Partnership We just announced our partnership with Crypterns, an online platform dedicated to talent sourcing & crypto-education. The education platform, [Crypterns University]( will provide its members with access to [Ledger Academy]( vast library of crypto-education resources, including new and exclusive content on the fundamentals of crypto, blockchain, NFTs, DeFi and so much more. [Infos I should already know about] [Hack]( [MoonPay]( Crypto assets can be managed on your Ledger Live! [Go check now →]( [Infos I should already know about] [The Bank of England airs its opinion about CBDCs.]( “We are starting to see programmable money being used in the crypto world,” said BoE governor Andrew Bailey. Another BoE Governor, Sir Jon Cunliffe, said to have modeled “a prudent assumption, which is that basically 20% of deposits based in the banking system could move out of the banking system and into central bank digital money.” [A platform wants to bring “the Louvre of the Metaverse” to its 500 million users]( The image editing company Pixlr plans to create a decentralized art museum named [Pixlr Genesis]( with the goal to rival the likes of the Louvre, MOMA and the National Gallery… in the virtual world. That’s what we call ambition. [El Salvador plans a Bitcoin City.]( “If you want Bitcoin to spread over the world, we should build some Alexandrias,” said Bukele, El Salvador’s President. The city will be funded by Bitcoin bonds and powered by geothermal energy stemming from one of the country’s many volcanoes. How will the experiment go? [Collins dictionary crowns NFT as word of the year.]( The use of the term increased… 11,000% in 2021. “It’s unusual for an abbreviation to experience such a meteoric rise in usage, but the data we have from the Collins Corpus reflects the remarkable ascendancy of the NFT in 2021,” observed Collins Learning managing director Alex Beecroft. [India sows confusion over crypto clampdown.]( Prime Minister Narendra Modi’s government plans to enforce a bill to prohibit “all private cryptocurrencies.” But the reality seems blurred, as the bill also says it would allow for “certain exceptions to promote the underlying technology of cryptocurrency and its uses.” [Niantic raises $300M for a “real-world Metaverse.”]( John Hanke, founder and CEO of the AR platform behind Pokemon Go, said that “unlike a sci-fi metaverse, a real-world metaverse will use technology to improve our experience of the world as we’ve known it for thousands of years.” The company is now valued at $9 billion. Wanna share our Biiiiiites with a friend ? [Send →]( [Insight of the week] NFTs: the killer-app for the fashion industry? As if everything valuable deserved a digital twin [BTC Illustration] In a recent research note, Morgan Stanley forecasted that NFTs could represent a €50 billion revenue opportunity for the luxury market by 2030, accounting for 10% of the total market. Are these digital instruments the next killer-app for the fashion industry? The shifting world of fashion For many specialists, fashion brands are bound to have NFTs divisions at the core of their businesses sooner than what we might even expect. [Exclusible]( an NFT platform for luxury brands, recently witnessed the NFT craze with an “Alpha NFT” collection [that reached]( 570 ETH in 48 hours. “The goal is to allow our early backers (...) to have the ability to engage directly with brands and other luxury collectors,” says Pierre Guigourese, COO at Exclusible. Benoit Pagotto, Head of RTFKT Studios, [saw the enthusiasm]( when he worked with teenage digital artist Fewocious and sold 620 virtual sneakers for $3.1 million in... less than 7 minutes. “We completely changed the game of how we can think of releasing a fashion item or releasing a drop of sneakers,” he explained. Famous brands like Dolce & Gabbana, Givenchy and Gucci are joining the game. The luxury industry, it seems, is in the early days of a massive tech revolution. But… wait a moment: why should you spend your hard-earned money on things you’ll never wear? Dressing up the Metaverse The Metaverse is changing our very perceptions of what’s real and valuable, and these blurred lines are the main reason why we could one day spend our money on virtual goods. Ian Rogers, ex-CDO at LVMH and current CXO at Ledger, explains this [as follows]( “We have one consciousness, right? I can read Twitter and get pissed off. I don’t get digital pissed off. We need to let go of this notion of, oh, that’s digital... This is physical.” This fashion revolution is deeply influenced by the gaming field (and its envisioned future) with our avatars representing part of our personalities. For Marjorie Hernandez and Karinna Nobbs, co-founders of a digital fashion start-up, “as we start transitioning more and more into the virtual world, we will start consuming digital sneakers, digital makeup, digital jewellery…” In the near future, dressing our avatars could become something socially important… and common. This may sound crazy, but who said the future had to be reasonable? [I wanna know more] [Watch our show:]( Down the Rabbit Hole. You’ll visit Arnhem Bitcoin City, learn about Beeple’s origin story and deep dive into Benoit Pagotto’s Fashion Digital Studio! Digital Fashion: what is it all about? [Read]( our Ledger academy article on this very topic. And [watch our School of Block]( episode on RTFKT’s Clone X: a Metaverse fashion stepping stone. [Inside Ledger] Join the Ledger x Finimize event on December 2nd to hear groundbreaking crypto ideas. [Register here]( it’s free. Our Web3 conference of the year, Ledger Op3n, is coming on December 9th and 10th. Check our line-up and agenda right [here]( Bitrefill joins our growing family of partners available in [Ledger Live]( allowing you to easily convert your BTC and ETH into vouchers, gift cards and mobile refills. Xmas is near, so [click here]( to start the Bitrefill experience. [Images of the week] We hope you seized the joke! If not, [it’s right here.]( [Image of the week] Source: [@economist]( How did you like our newsletter this week? [😍I buy!]( [😐I hodl!]( [😭I sell!]( [unsubscribe]( [Ledger]( Follow us on: [Ledger YouTube]( [Ledger Twitter]( [Ledger Instagram]( [Ledger Facebook]( [Ledger TikTok]( & listen to our podcast [here](. This email was sent to you because you signed up at Ledger.com or purchased a Ledger product. We respect your right to privacy. Read our [Privacy Policy]( and [Cookie Policy](. © Ledger SAS 2020. All rights reserved. Ledger brands are registered trademarks of Ledger SAS. Ledger SAS, 1 rue du Mail, 75002 Paris