McKinsey: total investment in 2022 in the metaverse 👉 120.000 M$ 💪
Order Flow Technical Analysis: BTC, ETH and XRP, Nasdaq: What if this is not a bear market, but a Phoenix moment? and more...
While we fight with the dalliances of climate change, we advance impassively in our adventure of diving into the world 3.0... (how epic this sentence has become ❗😲).
And every day we discover new things... if a little while ago we brought you a very juicy report on the metaverse, today we are back on the road, this time by the hand of McKinsey & Company. And what do they say? 👀👇
The value of the metaverse could reach $5 trillion by 2030 due to the potential benefits that more and more companies from all sectors see from this universe in the future, according to a new report from international consultancy McKinsey & Company.
According to the report 'Value Creation in the Metaverse', e-commerce will be the leading source of revenue in the metaverse, accounting for approximately 50% of the total value by 2030 ($2.6 trillion) ahead of e-learning ($270 billion), advertising ($206 billion), and gaming ($125 billion).
In addition, the report shows that 95% of business leaders expect the metaverse to have a positive impact on their industries within 5-10 years, and 31% expect the metaverse to radically change the way they understand and conduct business.
The research, which is based on a survey of more than 3,400 consumers, executives and subject matter experts in several countries, was conducted to analyse the potential of the metaverse as a new discipline where the physical and digital worlds converge, as well as its main prospects for the future.
The total investment in the first months of 2022 has exceeded 120 billion dollars, leaving behind the 57 billion that were allocated to this alternative reality throughout last year, a figure that, according to McKinsey, would indicate that this new convergence between the physical and digital world has become "one of the big bets for the future" due to the technological boom and the change of habits on the part of consumers towards increasingly digital aspects.
Boss... shall we open a token delegation in the Metaverse? We could make the news interactive ;-).
Well, let's get down to business... Today we bring you in Forty Two (42) the "Technical Analysis of Order Flow: BTC, ETH and XRP", by ZenTradingLab. We also tell you that IDO is dead - long life to ILO (I got my tongue stuck 👅). We talk about the rise of the sovereign/multiple dApps chain thesis and an interesting Nasdaq question: What if this wasn't a bear market, but a Phoenix moment, among other things.
Tokener, enjoy, relax, have a good dinner, go to bed early (it's still Thursday tomorrow), read, share and... 👇👇
The IDO is Dead — Long Live the ILO
There are 12 launchpads that we could find
Collectively they have launched around 760 projects and raised (erased?) $195 million.
We randomly sampled 100 projects from 5 top launchpads. 75% of them are down from IDO price, even though many of them once were at huge multiples from IDO price.
Read more 👉 Medium
Order Flow Technical Analysis
BTC, ETH and XRP
This week we will analyse 3 projects: Firstly, the standard BTC. Secondly, the main layer 1 blockchain with smart contracts, Ethereum (ETH); and finally the most popular centralised blockchain: Ripple (XRP).
Last week BTC was reacting to minor timeframe demand zones. We were expecting a break of the 22,800 USD supply zone but it is reacting with a bearish pattern shown by liquidity taken from the resistance.
If the demand zone doesn't react and the $21,000 supply zone doesn't break, we will probably head to the $14,000 demand zone.
Keep reading 👇👇
The Rise of the Sovereign/Multi dApp-Chain Thesis
At DYDX we embrace radical changes in technology that have the potential to dramatically improve the protocol” — Antonio Juliano, Founder of dYdX
dYdX are Ethereum OGs. The news of them leaving StarkWare ( An Eth L2) raised many questions and concerns regarding the future of Ethereum and its layer 2’s. A flagship DeFi product, such as dYdX, choosing to leave Ethereum, in favor of a sovereign blockchain is a key moment in crypto history that may have ramifications for years to come. The implications of this decision may begin the trend of Ethereum losing its status as the gold standard of smart contract platforms, which may lead to a decrease in dominance, usage, and increase in sovereign blockchains which will lead to the rise of the multi-dApp chain world.
Read more ✔ Medium
What if this Wasn’t a Bear Market, but a Phoenix Moment?
The world is burning, the markets are dropping and crypto is on life support - is the end near, or are we on the verge of a new beginning? To move forward and build a better system than the one before, it’s important to step back and understand the root causes of the current debacle.
We could blame the current crisis on the pandemic, Russia’s invasion and the ensuing inflationary shock caused by supply chains and the labor market breakdown. But what if this isn’t just a typical downturn? What if these events are merely exposing how fragile our global systems really are, and what if this process is just the beginning of a larger unraveling? Failing to dive deeper is a missed opportunity for humanity to leapfrog into a new economic paradigm, one created from solution-oriented, long-term focused, profitable endeavors.
More 👉 Nasdaq
Meta launches Meta Pay, its digital wallet
Meta Pay is a rebranding of the old Facebook Pay service and will continue to serve the same functions as Facebook Pay in the past, but will be developed as a universal way to pay for goods and services using digital identities in the metaverse.
With this launch, which is more than just a rebranding, Meta will attempt to solve the problem of valuable transactions and interactions in the metaverse and will continue to support the suite of payments it currently handles, but with a new focus on digital identity and proof of ownership.
Mark Zuckerberg, CEO of Meta, stated that Meta Pay will be a solution to two problems in the metaverse: accessibility to digital goods and proof of ownership and stated that "in the future, there will be all kinds of digital items that can be created or purchased: digital clothing, art, videos, music, experiences, virtual events and more. Proof of ownership will be important, especially if you want to bring some of these items to different services.
More 📌 Cripto247
NFT is more than a bubble: It’s changing the Internet
NFTs are exploding in popularity in the cryptocurrency market, with sales of more than 2.5 billion U.S. dollars as of July 2021, up from 13.7 million U.S. dollars in the first half of 2020.
Much talk has been going on about an “NFT bubble” and there is speculation that the tens of billions of sales and investments may plummet to a shocking zero. But this doesn’t change the fact that NFTs have the potential to stimulate the growth of a new economy, and profoundly define and change the norms of the Internet.
Follow ▶ Medium
Futuristic Use-Cases of NFTs That Can Revolutionize The Web 3.0 Era
By the beginning of 2021, demand for cryptocurrency surged and the market cap of the whole industry rose to $2 Trillion. After that, a digital asset class was created alongside, known as NFT (Non-Fungible Tokens), which recorded a $3.4B transaction volume on Ethereum in August.
They have proven to be a powerful technology that enables users to create a digital identity without any central authority. Like cryptocurrency, they also rely on Blockchain Technology. While there are many cryptocurrencies such as Ethereum, Bitcoin, and NFT is a unique entities.
More 📌 Medium
TIME Partners With The Sandbox to Build TIME Square in the Metaverse
TIME Magazine has continued its foray into the cryptocurrency and NFT world by partnering with blockchain-based gaming company The Sandbox to build TIME Square in the metaverse.
Building a Virtual Times Square
According to the official announcement, the initiative was inspired by the “virtual spirit and energy” of the real-life Times Square neighborhood in New York City.
Times Square is an iconic cultural center, commercial intersection, tourist destination, and neighborhood in Midtown Manhattan, New York, United States. The area is famous for its vast, illuminated advertising billboards and is considered the “heart of New York” and “the Crossroads of the World.”
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