Is it possible to tell the future of crypto by looking at the past? In today’s video, I take a look at the cycles of Bitcoin and The Halving to find out if Bitcoin has gone as low as possible, or if it can go even lower.
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0:45 Halving Recap
1:31 Beginning of the Bull Run
2:29 Hitting the Bottom
3:32 Predicting 2022
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The Future of Gaming is in the Metaverse
While there are many different games on the Metaverse, Sandbox is one company that is making a splash with its own blockchain-based games. The company, founded by Snoop Dog, has grown to be one of the largest players in the space. After its acquisition, Sandbox pivoted to the blockchain. After Snoop Dog jumped ship, other big names like rapper Drake and other celebrities began purchasing online plots for $450,000 in Sand in-game tokens. Another popular mobile game franchise, Crazy Kings, introduced a play-to-earn model that allows gamers to compete for crypto tokens. In the past nine quarters, 10 of the top investment firms have inked 24 metaverse deals with this game developer.
Entrepreneurs will be the driving force of the Metaverse. They will create content, provide services, and perform other useful activities. But how can they monetize their efforts? By distributing non-fungible tokens to the players, entrepreneurs can create more valuable experiences for the players and profit from their work. For instance, online cinemas could issue tokens to allow users to watch movies for a set period of time. Or, a crypto game developer could create a unique currency that enables users to access virtual planets, virtual spaces, and events without actually visiting the planet.
The Metaverse has an ambitious goal. Its goal is to eliminate all barriers between the developed and developing worlds. For example, the game will help erase barriers between the developed and developing economies. This would inevitably lead to massive onboarding of billions of people onto the blockchain. But Whitewolf isn’t certain where it’s headed. It’s hard to say where it’s headed, but he’s optimistic. With its upcoming launch, a good play-to-earn model and a game-to-play model will help drive adoption.