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Interpol Starts Its Own Police Metaverse

The international organization of law enforcement has been in the crypto news for its part in trying to track down Do Kwon, co-founder of the Terra network.

Updated Oct 21, 2022, 3:28 p.m. Published Oct 21, 2022, 12:06 p.m.
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Interpol – an international organization of law enforcement that has been helping to try find Do Kwon, co-founder of Terraform Labs, the company behind the collapsed Terra blockchain – has launched what it calls the "first global police metaverse, specifically designed for law enforcement worldwide."

The announcement was made Thursday at the 90th Interpol General Assembly in New Delhi.

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Its purpose will range from offering immersive training courses to law enforcement across the globe, to touring the virtual facsimile of the Interpol General Secretariat headquarters in Lyon, France, to interacting with other officers via their avatars.

Interpol is an abbreviation of "international police." The organization has issued a "red notice" for Kwon, who faces a warrant for his arrest in South Korea on charges of fraud.

“For many, the metaverse seems to herald an abstract future, but the issues it raises are those that have always motivated Interpol – supporting our member countries to fight crime and making the world, virtual or not, safer for those who inhabit it,” Interpol Secretary General Jürgen Stock said in a press release.

Interpol also announced it is forming a metaverse expert group, which will represent concerns of law enforcement on the global stage. The World Economic Forum, a partner organization of Interpol's, has warned that "social engineering scams, violent extremism and misinformation could be particular challenges" in the metaverse.

“By identifying these risks from the outset, we can work with stakeholders to shape the necessary governance frameworks and cut off future criminal markets before they are fully formed,” Madan Oberoi, Interpol's executive director of technology and innovation, said in the release.

Read More: Interpol Issues Red Notice for Do Kwon: Report

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Pudgy Penguins: A New Blueprint for Tokenized Culture

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Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.

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Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.

The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.

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El Salvador's central bank buys $50 million of gold as government keeps adding bitcoin

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The bitcoin-friendly nation's central bank now holds over $360 million of the yellow metal, while the government, led by President Nayib Bukele, has bitcoin holdings worth $635 million.

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  • El Salvador's central bank added $50 million of gold to its reserves on Thursday.
  • The country also made its usual purchase of 1 bitcoin, bringing the government’s holdings to 7,547 coins, worth $635 million.