Austin Arnold says investors holding the following Metaverse, NFT, and DeFi assets will be excited by the recent news. In Update On YouTube, Arnold revealed that fashion giant Gucci bought virtual land in The Sandbox (SAND) – Metaverse working on Ethereum.

According to Arnold, Gucci’s blockchain business plan for virtual fashion is great news for both Ethereum and The Sandbox.

“This is a huge step forward for the current fashion business in the Metaverse… Gucci doesn’t want to be left behind, they want to be at the forefront of this new fashion sector. Good for The Sandbox and Ethereum.”

SAND 4 hour price chart | Source: Trade View

The next news Arnold delivers is that the DeFi Algorand (ALGO) blockchain just welcomed their new CEO – Staci Warden. She worked at JPMorgan and Nasdaq.

“This is huge business for the Algorand Foundation. She has extensive experience in the traditional finance world and is currently CEO of Algorand…

Many veterans are moving from traditional finance to blockchain, especially Algorand. Pretty cool to hold ALGO.”

ALGO 4-hour price chart | Source: Trade View

The Altcoin Daily host also drew viewers’ attention to Snoop Dogg’s recent partnership with Gala (GALA). The world-famous Californian rapper will release an exclusive “NFT LP” on the Gala blockchain.

“If you hold GALA, you’re going to love this news… Everyone on the Gala blockchain will have access first. Great for the Gala Games.”

GALA 4 hour price chart | Source: Trade View

On the NFT sector, Arnold reports that auction site NFT Ethernity (ERN) has raised $20 million for NFT and game development at their new studio.

“Etherity just raised a massive amount of money and opened a new studio to bring more IPs (intellectual property) to drop NFT through Etherity. Don’t miss Etherity!”

ERN 4-hour price chart | Source: Trade View

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