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1. Forecasting the future of stores: Omnichannel customers shop 1.7x more than single-channel shoppers. They also spend more. The in-store customer, going forward, will be someone who is hitting all the different channels and touchpoints that a brand or retailer has. – Read More on McKinsey

2. The metaverse may bring new cyber risks: As users leave trails of data around the metaverse, one major problem in the real world may also cross into the virtual reality world — the invasion of user privacy by tech companies. – Read More on CNBC

3. People Are Paying Millions for Land in the Metaverse: Decentraland currently has 800,000 users, up from just 40,000 at the beginning of 2021. It’s a safe bet that the growth rate will continue to rise, at least for a while. – Read More on CNET

4. RELATED READ: Virtual Real Estate in the Metaverse is Booming. Virtual property does not provide physical shelter, but there are still some parallels. In shopping for virtual real estate, you could buy a piece of land to build on – or you could choose an already-built virtual house that you like. You could make it your own with various digital objects, and invite visitors, and visit others’ virtual homes, too. – Read More on TFL

5. Alibaba’s Russia Venture Puts Chinese E-Commerce Giant in Awkward Spot: Russia proved to be a rare bright spot for AliExpress, which accounts for only a small part of Alibaba’s revenue but is crucial to efforts to expand overseas. The value of goods sold on the Russian joint venture’s platform jumped 46% last year. – Read More on the WSJ