ALSO: Sam Reynolds writes that Taiwan-based technology conglomerate HTC is looking to take its virtual headset business public as part of a quest to help cultivate the metaverse. But is the company going in the wrong direction? Author: Sam Reynolds, James Rubin

The price of Ethereum is down nearly 65% since last year’s Miami Art Week. But this year’s global cultural phenomena saw an uptick in events, attendees and conversations around Web3 technologies and their roadmap to mass adoption. Author: Cam Thompson

Magazines are powerful when they spark dialogue about what’s happening now and could happen in the future. That’s Consensus all over, so we’re renaming Layer 2 after CoinDesk’s annual event. Author: Ben Schiller

Bitcoin trades at a significant discount to its 200-day average as popular macro trades of 2002 unwind, leading to risk revival in traditional markets. Author: Omkar Godbole

Author: Sam Reynolds, James Rubin