Under “Project Garuda” Indonesia is pushing further its plans for central bank digital currency (CBDC) – Digital Rupiah -starting with transactions among local banks. Last week, the central bank of Indonesia launched the design for Digital Rupiah.

The Oxford University Press team chose 'metaverse’ to come in as a runner-up to ‘Goblin mode’ for the word of the year in 2022.

A recent attempt by the&nbsp;European Commission’s foreign aid department to get young people excited about the EU with a virtual party in the <a href="https://zycrypto.com/metaverse-market-size-to-grow-by-107-06-billion-by-2027-asia-pacific-region-to-lead-report/">metaverse</a> backfired after only five attendees showed up.

Software development company Aave Companies today announced the acquisition of Sonar, a San Francisco-based metaverse developer where players can build worlds and interact with user-created spaces using non-fungible tokens (<a href="https://decrypt.co/resources/non-fungible-tokens-nfts-explained-guide-learn-blockchain" target="_blank">NFTs</a>).

The European Union’s (EU’s) foreign aid department is understood to have dished out nearly $408,000 (€387,000) on a metaverse and hosted a party on Nov. 29 to celebrate, but only six people reportedly turned up. Devex reporter Vince Chadwick tweeted a video on Nov. 29 showing his metaverse avatar attending the “gala” and said “after initial bemused chats with the roughly five other humans who showed up, I am alone.” (Cointelegraph)

According to local media, Nikkei Asia, Hong Kong-based blockchain gaming developer and venture capitalist Animoca Brands, is planning to launch a $2 billion fund to support promising Metaverse projects in the coming&nbsp;months.

Meta Platforms Inc.&nbsp;is urging policymakers to hold off on creating new rules governing the metaverse.&nbsp;

Fiat, an automotive brand property of one of the top ten car manufacturers in the world, Stellantis, has launched its first virtual metaverse store. The company will allow customers to try the experience they will have inside and outside one of its models, the New 500 La Prima by Bocelli, through a virtual simulation of the model.

Daesung Private Equity, a Korean venture capital firm, has announced the launch of a metaverse fund of 110 billion won ($83.5 million). The fund, which will have the participation of the Korean state represented by Korea Venture Investment Corporation’s Korea Fund of Funds, aims to put investments into virtual reality (VR) and digital twins-related businesses.

The World Economic Forum (WEF) denied it invited Shiba Inu to work with it on global metaverse policy following claims that it had from the meme coin's development team last week. While there was an exploratory call with the organizers of Shiba Inu, it did not extend them an invitation, the WEF told The Block.