Digital assets have grown explosively, reaching a market cap of $3 trillion last November from $14 billion just five years before that. They’ve since pulled back and are around $2 trillion in market cap now.
Starbucks is already into the digital assets business as it accepts payments via a variety of modes including cryptocurrencies.
Metaverse is a virtual world focused on social connections. Major global ETFs have already invested in companies that focus on metaverse technology.
Binance said it will use the funds to invest in its spot trading platform and toward the development of new products and services
