If a recession comes (likely) will a stock market collapse be GOOD for Bitcoin & crypto? 2 sides of the coin here. Plus, the POWER CURVE!
0:00 – Market Recap | Topics Overview
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Mark Zuckerberg and the Metaverse
What is the Metaverse? It is a virtual world that will allow users and players to interact with each other, maintaining their identity and payment history. The technology is being developed by Unity Software, which also makes the graphics engines for games. This company is an example of a technology that is both innovative and cutting-edge, providing a powerful real-time 3D software development platform as well as advanced technologies for businesses. Its services range from Fortnite to virtual workspaces.
Mark Zuckerberg, Facebook’s CEO, believes that the grand metaverse will be here by the end of the decade. Although centralized actors are unlikely to dominate the metaverse, the foundations are in place to host such a virtual gathering. In fact, 12.3 million players tuned in to the Fortnite Travis Scott concert last month. But even with these foundational elements, the infrastructure still needs to be refined to support such a massive event.
Sandbox has been a leading VC in the metaverse space, with 24 deals closing over the last nine quarters. Sandbox has a history of acquiring gaming companies, and its founder has also partnered with the likes of NBA Top Shot creator Dapper Labs to produce the game. Its recent acquisitions of The Sandbox and CryptoKitties have helped it become one of the leading players in the space. The Metaverse has also drawn a number of popular brands, including Gucci and Coca-Cola.