Wharton School Launches Metaverse Course, and Cathie Wood's Ark accepts huge loss on Coinbase sale

Wharton Business School has launched a six-week-long metaverse certification program. In other news Cathie Woods' ARK Investment has dumped over 1.4 million Coinbase shares. Bitcoin up 10 per cent and Ethereum 15 per cent.

Wharton Business School, Pennsylvania, US, became the world’s first Ivy league school to launch a program based on metaverse and other emerging technology, including virtual reality, blockchain and others. It is a six-week-long online certification course, titled ‘Business in the Metaverse Economy’. Wharton says it aims to educate students about metaverse business practices through this program.
Professor Kevin Werbach, academic director, Wharton Business School, said in a press release, “The metaverse is a significant and broad phenomenon that is still poorly understood. We hope to equip business leaders, consultants, and entrepreneurs with an understanding of the impending opportunities the metaverse brings, as well as the practical knowledge to build solutions of value.”

In other news, three funds of Cathie Wood-headed ARK Investment Management have sold over 1.4 million shares of Coinbase (NASDAQ: COIN). Incidentally, ARK investment had bought about $246 million worth of Coinbase shares on its trading launch day a year ago, reported Coindesk.
Shares of Coinbase opened for trading in New York at $342 on April 16, 2021, and as of July 27, 2022, it is trading at $58.83, as per NASDAQ data.
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