Gary Gensler cares about lining his own pockets and uses the SEC to do so!
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How Big Tech Companies Are Embracing the Metaverse

Several leading tech companies and brands are embracing the Metaverse, including Roblox, Nvidia, Intel, and Epic Games. These companies are looking to create virtual environments that increase social connectivity and provide virtual learning. They are also looking to use the technology to improve business operations.

One of the biggest fears for crypto fans is that big-tech companies will take control of the Metaverse and turn it into their own personal playground. Some fear that a major tech company will create a virtual world where users will be unable to interact with their real-world friends and family. Others worry that the technology will exacerbate wealth disparity.

These concerns have prompted several tech companies to create in-house marketplaces for cryptocurrencies. The Sandbox project, which combines a virtual world with gaming, is a notable example. It is also backed by 1980s gaming superstar Atari, who is invested in the project.

Another example of a centralized metaverse is Facebook’s own. The social networking site recently signaled a hiring push for a new Metaverse unit. However, it may depart from the open Metaverse models that are popular today.

Facebook could still snag its share of the market with a centralized, community-driven Metaverse. In addition to boosting social connectivity and promoting virtual learning, the technology could also be used to create a currency for users. This currency could be used for multiple apps, including purchases of goods, events, and services.

Facebook’s investment could also dovetail with Novi’s crypto wallet. In this case, a Metaverse unit would be able to facilitate the sale of limited edition digital objects.