In tonight’s nightly crypto news wrap-up, I take a look at the current happenings in the crypto landscape, including Ray Dalio’s Cash is Trash campaign, South Korea freezing the Luna Foundation Guard’s assets, and crypto taking center stage at the World Economic Forum.
Timestamps:
0:00 Intro
0:18 Cash is Trash
1:29 South Korea and Luna
2:23 Frankie
3:30 World Economic Forum
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Facebook, Animoca, and Other Companies Are Exploring the Metaverse
The concept of a persistent virtual world, or Metaverse, has become increasingly popular in recent years. Mark Zuckerberg, the co-founder of Facebook, has praised the concept of a metaverse as a future technology. This new virtual environment will enable multidimensional interactions between people from both the physical and digital worlds. As the concept of a metaverse continues to gain momentum, many large companies have announced plans to create Metaverse-related projects.
Animoca Brands, which started off as an Animoca subsidiary, pivoted to the blockchain after being acquired by a private equity firm. The company has since attracted the attention of rapper Snoop Dog, who built a home on Sandbox’s virtual land. Other neighbors were inspired to buy online plots for $450,000 in Sand in-game tokens. The Crazy Kings mobile game franchise, which enables players to compete for crypto tokens, has received a lot of attention from investors. Ten of the top investment firms have signed deals with the company.
While the earliest explorers of the metaverse were mainly scholars, the more mainstream public has become familiar with the concept, and more popular firms are staking their money in the project. Some of these companies have even announced plans to enter the metaverse. As a result, the technology is already being used in the lives of millions of people around the world. In addition to private investors, big name corporations, like Microsoft, NVIDIA, and Epic Games, have announced plans to explore the metaverse.
