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Hype around the rising metaverse is still soaring, following Facebook’s corporate rebrand to Meta, and Ethereum-based metaverse projects are reaping the benefits.

In early August, Ethereum developers updated the blockchain with EIP-1559, an Ethereum Improvement Proposal that instituted a base fee, not for miners who validate network transactions, but for the network to take out of circulation. The change was designed to slow the token's growth rate and boost its price while also alleviating some of the worst elements of network congestion by increasing block sizes to include more transactions.

Hilton hotel heiress Paris Hilton joined a $20 million funding round in the Swiss nonprofit NFT project Origyn Foundation. 

By Daniel Van Boom   Whether you wanted to or not, you've probably seen a Bored Ape Yacht Club NFT. That's especially true if you're on Twitter, where owners of Bored Ape Yacht Club NFTs show them off as profile photos. Owners include Steph Curry, Post Malone and, most recently, Jimmy Fallon.  See that ape above with the striped T-shirt? That's Fallon's. One of the most successful collections in the nonfungible token space, BAYC launched in April and consists of 10,000 Bored Apes. Right now the cheapest you can buy one for is 49 ether -- $208,000. They often sell for much more.  Like everything else to do with NFTs, the Bored Ape Yacht Club is contentious. Ape owners inspire jealousy among those...

A slew of major developments in finance and popular culture indicate that 2021 officially kicked off the mass adoption of cryptocurrencies.