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Tony Herrera looks through his NFTs at his office in Whittier, Calif.

Tony Herrera looks through his NFTs at his office in Whittier, Calif.

Photographer: Allison Zaucha/Bloomberg

Even in the Metaverse, Not All Identities Are Created Equal

Price differences based on race and gender are emerging among the CryptoPunk NFTs. What do the disparities mean?

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The complexities of the real world are starting to bleed into the Metaverse — the virtual arena where identity functions as both a reflection on and determinant of social capital.

Differences in prices for digital avatars based on race, gender and skin color are emerging among a popular collection of NFTs known as CryptoPunks, belying the utopian and egalitarian ideals touted by the closely connected world of crypto, decentralized finance, blockchain and non-fungible tokens.