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Roblox and Zcash lead recent developments in metaverse and crypto sectors
The metaverse and cryptocurrency sectors are seeing significant technical and regulatory developments. Roblox has implemented new security updates to protect its digital economy, including a massive purge of automated bot accounts and the removal of plagiarized 3D objects from its Marketplace. Additionally, the platform has lowered the player threshold for its developer program from 500 to 250 to support creators.
In the cryptocurrency market, Zcash (ZEC) is experiencing growth driven by institutional interest. Grayscale has submitted a fifth amendment to the SEC regarding its proposed Zcash ETF, detailing plans for the product to trade on NYSE Arca with Coinbase Custody Trust Company serving as custodian. Market research suggests the metaverse gaming sector could grow from $23.8 billion in 2025 to $227 billion by 2035.
Entities
Coinbase Custody Trust Company · Grayscale · Roblox · SEC · Zcash