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Morgan Stanley: Luxury NFT Market Could Hit $56B by 2030

According to last week's research note from Morgan Stanley, metaverse gaming and non-fungible tokens (NFTs) could represent a revenue opportunity of $56 billion for the luxury market by 2030. The bank expects the total NFT market to grow to $300 billion by that year. Meanwhile, Mogran Stanley says Facebook stock is the best way to get exposure in Metaverse, adding that it's “all upside and would be another layer-cake of multi-year monetization.” The Hash" squad discusses the outlook for the luxury sector as it increasingly collides with the world of crypto. 

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Morgan Stanley CEO Says Crypto Isn’t a Fad, Though Not Seeing Much Client Demand

James Gorman, CEO of Morgan Stanley, said cryptocurrency isn’t a fad and is not going away. Though, he said his bank isn’t seeing much client demand. In April, the firm confirmed ​it is offering wealth management clients exposure to bitcoin through a pair of external crypto funds.

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NYDIG Raises $100M in Latest Funding Round Led by Insurance Companies

Institutional investment in bitcoin is showing no signs of stopping. NYDIG raised another $100M in funding in the latest round led by insurance giants. Last month, NYDIG raised $200M from Morgan Stanley and George Soros, but what is NYDIG and where is it going? “The Hash” panel discusses.

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Morgan Stanley Approves Bitcoin Exposure for Select Mutual Funds

Morgan Stanley is the latest institution embracing crypto with the approval of bitcoin exposure for a handful of mutual funds. "The Hash" panel discusses the importance of banks gaining exposure to bitcoin and how this will impact the wider crypto ecosystem.

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