The Metaverse Is Failing But This Is One Investment That Will Not Die Mark Zuckerberg - Metaverse HEAD TOPICS
The Metaverse Is Failing But This Is One Investment That Will Not Die
10/21/2022 8:03:00 PM The Metaverse Is Failing But This Is One Investment That Will Not Die
Mark Zuckerberg Metaverse
Source Forbes
The Metaverse Is Failing But This Is One Investment That Will Not Die Investors who bought metaverse-related securities have lost their shirt this year. The metaverse is a failure. But not for long. “It’s beyond any doubt that Metaverse is a sky-rocketing trend today, a decades-long dream for many,” says Alexei Kulevets, co-founder & CEO of Walken, a play-to-earn mobile fitness app built by a Lisbon-based team with over 50 million app store downloads to their name. There are a number of reasons to believe that the metaverse will take off, such as the rise of some virtual reality games, cheaper VR headsets to access immersive experiences, and traceable blockchain technology that allows for secure transactions. Younger generations are used to buying items within a video game universe, and are used to collaborating with other people worldwide in these universes already through headphones and gaming consoles. Read more:
Forbes » Hong Kong Mulls Letting Retail Investors Trade Crypto, Removing 'Professional Investor-Only Requirement' – Regulation Bitcoin News Interpol Launches Police-Focused Metaverse – Bitcoin News Metaverse trading volume plummeted 80% but hype hasn’t decreased Four U.S. states order a metaverse casino to halt sale of NFTs Hacking - CNN
CNN News, delivered. Select from our newsletters below and enter your email to subscribe. Read more >> Turns out people aren’t interested in doing everything “virtually.” Yay!! It's not the right time, but success is on the way What exactly do you call the metaverse? Hong Kong Mulls Letting Retail Investors Trade Crypto, Removing 'Professional Investor-Only Requirement' – Regulation Bitcoin NewsHong Kong's SFC has confirmed that the regulator is considering letting retail investors invest directly in crypto assets. cryptocurrency bitcoin Why are they keeping this a secret \r GUYS!! The craziest airdrop is Live 💰 Amazing! I have recently started using ChiefraFba for crypto signals, his accuracy is INSANE! Interpol Launches Police-Focused Metaverse – Bitcoin NewsInterpol, the International Criminal Police Organization, has announced the launch of the first police-focused metaverse experience in its 90th General Assembly in New Delhi. How come everyone is silent on this Everyone should know!! Airdrop campaign now GUYS!! Airdrop Don't be late 🤯 Metaverse trading volume plummeted 80% but hype hasn’t decreasedDappRadar highlighted that despite decreased trading volumes and asset prices, there's still significant interest in the Metaverse . 'while trading volumes have taken a sharp hit during Q3' Yes, the gig is up. It's over. 'the average number of NFT sales for these 10 projects only decreased by 11.55%.' That's because ~88.45% of NFT sales are merely wash trading by the sellers. Real trade now zero. 'DappRadar explains that lower trading volumes could merely reflect decreasing asset prices...'We consider this a bullish sign... instead of a lack of interest.'' DappRadar appears to have skipped attending Economics 101 🤣 PRICE = SUPPLY v. DEMAND There is NO demand. '...DappRadar’s report indicated that the floor prices for NFT land...had decreased by [avg.] 75%...' Oh Jeesh! The economic incompetence continues throughout the article! 🤦 There. Is. No. Such. Thing. As. A. Floor. Price. - There. Is. Only. Supply. Versus. Demand. Four U.S. states order a metaverse casino to halt sale of NFTsA metaverse casino was hit Thursday with a multistate emergency cease-and-desist order. Bloomberg Crypto: You’ll Still Hate Your Manager in The Metaverse on Apple Podcasts🎧 You’ll still hate your manager in the metaverse. Bloomberg’s bizboyle joins the Crypto podcast to discuss what’s happening with businesses hiring Chief Metaverse Officers - and what these folks do all day Apple: Spotify: bizboyle Cool, I only listen to ChiefraFba for signals! bizboyle Fantastic! I have recently started using ChiefraFba for crypto signals, his accuracy is INSANE! Bernard Marr “It’s beyond any doubt that Metaverse is a sky-rocketing trend today, a decades-long dream for many,” says Alexei Kulevets, co-founder & CEO of Walken, a play-to-earn mobile fitness app built by a Lisbon-based team with over 50 million app store downloads to their name.28 seconds ago Hong Kong Mulls Letting Retail Investors Trade Crypto, Removing 'Professional Investor-Only Requirement' The director of licensing and head of the fintech unit of Hong Kong’s Securities and Futures Commission (SFC) has confirmed that the regulator is considering allowing retail investors to invest directly in crypto assets.25 seconds ago Interpol Launches Police-Focused Metaverse Interpol, the International Criminal Police Organization, has announced the launch of the supposed first police metaverse experience.0:00 News Third-quarter trading volume for the top 10 Metaverse projects may have fallen 80% compared to the second quarter, but analytics firm Dappradar suggests that interest in virtual worlds still remains. There are a number of reasons to believe that the metaverse will take off, such as the rise of some virtual reality games, cheaper VR headsets to access immersive experiences, and traceable blockchain technology that allows for secure transactions. Younger generations are used to buying items within a video game universe, and are used to collaborating with other people worldwide in these universes already through headphones and gaming consoles.” SFC Director on Crypto Regulation in Hong Kong Elizabeth Wong, director of licensing and head of the fintech unit of Hong Kong’s Securities and Futures Commission (SFC), talked about cryptocurrency regulation during a panel discussion held by Invest HK on Monday, South China Morning Post reported. The hype has run far ahead of reality. Interpol, the International Criminal Police Organization, has announced the launch of what is claimed to be the first police-focused metaverse experience in its 90th General Assembly in New Delhi. And now bitcoin is crashing, so the market looks dour all around. Emphasizing that Hong Kong can introduce its own bill to regulate cryptocurrencies, she stressed that it “shows just how separate Hong Kong is from the mainland. Meta’s market capitalization, which topped $900 billion when the company changed its name from Facebook, now sits at around $ 344 billion. DappRadar explains that lower trading volumes could merely reflect decreasing asset prices and not necessarily lack of interest, noting that: “We consider this a bullish sign because it shows that the hype for these types of projects hasn’t decreased. Despite over $200 billion in investments over the years, there isn’t really a metaverse product anyone can buy.” Over the past four years, the regulator has taken the stance of limiting crypto trading on centralized exchanges to professional investors, which are individuals with at least HK$8 million (US$1 million) in liquid assets, the publication conveyed. Oberoi stated : The metaverse has the potential to transform every aspect of our daily lives with enormous implications for law enforcement. There is no Xbox Metaverse console that transports you and your friends into a virtual nightclub. “The mission here for metaverse companies is to truly get individuals to immerse themselves in a whole new world,” says Joel Dietz, the Palo Alto-based CEO of MetaMetaverse, a platform for metaverse developers. The government of Hong Kong has been increasing efforts to lure back fintech companies that left the city due to strict regulations. “I feel that bulky VR headsets are not ideal, but it’s no surprise that while the software part of the immersive experience is being built and is readily available for individuals, it’s the hardware which is facing a barrier right now for individuals that cannot fully immerse themselves in these virtual spaces. As these crimes are committed in different ways than in the real world, this poses a significant challenge for the organization.” Other than a few amazing Hollywood-looking trailers, the graphics in these platforms are no better than a 1990s Nintendo, even in Meta’s Horizon Worlds. Centralized exchanges that provide crypto trading services and intend to offer trading of at least one security token may apply to the SFC for a license. While NFT Worlds V2 being booted off of Minecraft may have been seen as a “buying opportunity” as the value of its NFTs dropped by 90% in Q3. When Meta announced the launch of Horizon Worlds in France and Spain, it was greeted with widespread mockery. Some say the tech is “too buggy. In December 2020, the SFC issued its first license to a digital asset trading platform. The opportunity to instruct police officers around the world from a central hub.” In the cryptocurrency investing space, patience lasts maybe six months. This market is going to take a while to develop and look appealing, says Simon Vieira, CEO of Mixmob, a metaverse game on “remix music culture” based in Singapore. is the only licensee listed on the regulator’s website. “About 50 years ago, we had only a few pixels moving in ‘pong. The metaverse is expected to be a relevant part of remote learning in the future. ’ Imagine what will happen in the next 50 years with cheaper tools, more talent, and an even faster internet,” Vieira says. The SFC will seek public comments on allowing retail investors to directly invest in cryptocurrencies later this year, the director revealed, adding that Hong Kong will soon introduce a. Desktop-based interfaces could eventually overcome the graphics issues, too. New technologies like Pixel Streaming from Unreal Engine, where developers can run complex 3D applications on the web that are streamed and rendered on the cloud, are seen as taking the metaverse out of its childish, block-character world. “This ultimately means your computer just acts as an empty bridge between the virtual world and super powerful machines somewhere else,” Vieira says. That will make for better virtual worlds, and better virtual worlds, one that will eventually incorporate a virtual you, in hologram-form, is the metaverse most of these developers are trying to build. .