Stories we’re watching...

Anchoring your digital yacht… next to your virtual mansion. From virtual Gucci bags to digital plots of land, people have been pouring money into metaverse possessions. A meta-yacht sold for a record $650K last week, while a virtual developer bought a property from gaming company Atari for $4.3M. The market for real estate in digital worlds like Decentraland and Sandbox is growing: Some developers have even built and rented out digital malls. But experts warn the digital real-estate market is far riskier than actual real estate given crypto’s volatility.

No coal in the stocking… As if gas prices weren’t enough, coal prices have hit a 10-year high. That could make it hard for some to warm their homes this winter. While natural gas has replaced coal as the US’s main source of energy, demand for coal has held steady this year. As the world moves away from fossil fuels, nuclear energy — which provides 20% of the US’s juice — is gaining traction. A Bill Gates-backed startup, Commonwealth Fusion, just raised $1.8B. And the EU might allow certain nuclear investments to be labeled as “green.”