In this video, we will discuss the price of Bitcoin, Ethereum, and the top altcoins. We’ll take a look at the cryptocurrency markets and the latest crypto news.
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All of our videos are strictly personal opinions. Please make sure to do your own research. Never take one person’s opinion for financial guidance. There are multiple strategies and not all strategies fit all people. Our videos ARE NOT financial advice. Digital Assets are highly volatile and carry a considerable amount of risk. Only use exchanges for trading digital assets. Never keep your entire portfolio on an exchange.
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Facebook, Microsoft, Animoca, and Decentraland Are All Investing in the Metaverse
Basically, a Metaverse is a virtual world that allows you to interact with other people, virtual artwork, and virtual properties. This multidimensional world has the potential to change how we work.
Many companies are interested in the Metaverse. Some have even announced plans to invest money in it. One of the most prominent is Facebook, which will invest $10 billion in the platform this year.
In addition to Facebook, Microsoft has also made investments in the Metaverse. It will launch an immersive version of its Xbox Game Pass, Office, and Windows in its Quest VR platform.
Another player in the metaverse space is Animoca Brands. The company is a tech unicorn, with a valuation of $5 billion and over 600 employees. In the first nine months of 2021, the company had generated $530 million in revenue. It has also partnered with Winkelvoss Capital, Sequoia China, Soros Fund Management, and other firms.
The company is also an investor in The Sandbox. The Sandbox is one of the largest VC players in the Metaverse space, having completed 24 VC deals in the past nine quarters.
The Sandbox, a subsidiary of Animoca Brands, has been popularized by rapper Snoop Dogg. It uses a real time 3D creative engine, and offers immersive material for crypto users.
Another player in the metaverse space that has potential to grow is Decentraland. The company has already built a community, and several major firms have begun marketing on the platform.
