Back in March, the Financial Action Task Force published an updated version of its draft guidelines for cryptos with significant implications for the DeFi space. The document likely signals the growing intent among regulators to implement Know Your Customer compliance protocols for DeFi platforms.
Fashion giants may be the next globally recognized brands to enter the expanding NFT metaverse.
According to Vogue Business, several premium fashion houses are moving closer to releasing their own nonfungible tokens.
The move follows the emerging trend of creating digital twins of products and services in the lifestyle and entertainment markets, such as art pieces, music, pop culture merchandise, among others.