# Defi Update 5

By [Defi update](https://paragraph.com/@bidur.eth) · 2021-11-02

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New updates:

1.  #microsoft take on #metaverse have [powerpoint and word](https://www.bloomberg.com/news/articles/2021-11-02/microsoft-s-own-metaverse-is-coming-and-it-will-have-powerpoint).
    
2.  [**The Sandbox raises $93M to expand its NFT metaverse**](https://cointelegraph.com/news/the-sandbox-raises-93m-to-expand-its-nft-metaverse) **:** SoftBank Vision Fund 2 led the $93 million Series B round, marking the fund’s first investment into crypto assets. Softbank entering into NFT metaverse is huge news.
    
3.  US Treasury releases long-awaited [report on stablecoin risk](https://www.theblockcrypto.com/post/122890/us-treasury-releases-long-awaited-report-on-stablecoin-risk-features-request-for-new-laws), features request for new laws.
    
    Thank you and have a nice day.

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*Originally published on [Defi update](https://paragraph.com/@bidur.eth/defi-update-5)*