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Blockchain metaverse startups: Unparalleled investment potential

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Neal Stephenson, a popular sci-fi writer coined the phrase “metaverse” in his first best-selling and breakthrough 1992 novel, Snow Crash. Now that concept is becoming a reality, and what’s more, you can invest in the metaverses. In Ready Player One, The OASIS is another example of an advanced virtual reality. Numerous other sci-fi authors, such as Ian M Banks, have created and used similar concepts within their novels.

Back in September, Facebook CEO Mark Zuckerberg was clearly interested in advancing the metaverse. In a recent earnings call, Facebook made it clear that they want to unify communities, creators and eCommerce in the metaverse with Zuckerberg saying:

“Our overarching goal across all of these initiatives is to help bring the metaverse to life.”

And just last week Facebook rebranded to Meta and announced its plans to develop the “Metaverse.”

How big could metaverses become?

Already there are numerous household names making serious money in this space such as Roblox and Fortnite. These are complete virtual reality worlds where users exist through avatars. Slightly less well-known examples of virtual realities include Decentraland, Upland and Sandbox, as well as Victoria VR which is another platform that will launch soon.

From an investment perspective, we can confidently say that this explosion in virtual reality and metaverses is comparable to the dot-com boom of the late 1990s. What we are witnessing now is the next phase of the internet being created, with metaverses potentially set to overtake and replace the web as it currently exists.

Already some of the companies in this space such as Fortnite could sustain growth until they are comfortably sitting alongside Facebook, Google, Amazon and other tech giants. Epic Games, the creators of Fortnite, recently raised $1 billion with Sony pouring $200 million into that funding round. Facebook is putting a lot of resources and money behind a new workplace and proto-metaverse VR platform known as Horizon.

Brands are also betting big on virtual reality. Some brands are already selling direct to avatars (D2A), or Gucci selling a virtual bag that costs more than a real one. Nike sells virtual Jordan’s in Fortnite and Coca-Cola started selling virtual wearables in Decentraland.

Bloomberg has estimated that the size of the metaverse market is worth $800 billion. Even though this is in its formative stage, savvy crypto investors can contribute to the growth of metaverses and trade in the tokens of high-growth startups.

Hence the bet that many smart investors are making, that this boom in virtual reality is going to accelerate further. That one day — potentially in the next five years — there’s going to be a virtual reality platform that rivals the major social networks.

How can you invest in metaverses?

Cryptocurrencies are already a part of these virtual realities, with various platforms accepting crypto as a payment option for virtual goods including VR-based real estate. Gamers within Decentraland and The Sandbox can create virtual businesses such as casinos and theme parks, then monetize them.

When it comes to crypto investors benefiting from this trend, some of the hard work has already been done. Matthew Ball, futurist and founder of Roundhill Investments, alongside Jacob Navok, CEO of Genvid Technologies, have recently registered this Metaverse ETF.

Metaverse ETF is an exchange-traded fund (ETF) that operates similar to a stock market, except for crypto-based investments in Metaverse companies. It’s a collection of investments in a range of companies — known as an index — giving investors access to a broad segment of the metaverse market.

At present, the Metaverse ETF has a median market capitalization of $74 billion, with investments spread across 41 companies (holdings) in eight countries. This includes investments in infrastructure companies such as Cloudflare and Nvidia, gaming engines including Unity and Roblox, and pioneers of metaverse content from Tencent, Sea and Snap.

As this index is sold through the New York Stock Exchange (NYSE), it only includes public companies, not private ones. This means crypto and other investors need to look elsewhere to get slightly closer to the action if you are looking to invest at an earlier stage.

For early-stage investments, the best options are going to be in the crypto space. Gaming, hardware and content creation companies are going to be launching initial coin offering (ICO) and initial DEX offering (IDO) token sales, meaning that investors can get on board long before these companies go public.

When we consider the total addressable size of this market — and include the core growth segments such as creators, hardware, advertising and eCommerce — it could be worth more than $1 trillion. When we also consider how essential the internet as it currently is to everyday life, that’s what the Metaverse could become in a lot less time. As an investment opportunity, metaverse companies, especially ones at the ICO and IDO stage are unparalleled in their upward potential, provided that you pick wisely, of course.

We are witnessing and playing a part of something exciting. The internet and the way we experience reality will never be the same again with numerous upsides from the accelerated expansion of metaverses and virtual realities.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

The views, thoughts and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Johnny Lyu is the CEO of KuCoin, a cryptocurrency exchange launched in 2017. Before joining KuCoin, he had accumulated abundant experience in the e-commerce, auto and luxury industries.

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Ethereum Drifts Sideways And Struggles Below $1,300

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Ethereum Drifts Sideways And Struggles Below $1,300

Dec 05, 2022 at 16:48 // Price

Ethereum (ETH) price has continued to bounce between the moving average lines. The uptrend has been blocked by the high at $1,300.

Ethereum price long term analysis: bearish


The price of the cryptocurrency has already tested this level three times, but has not yet been able to break through it. The price of Ether is moving sideways below the barrier. The largest altcoin is trading in the overbought zone of the market 


The overbought condition of Ether has made it difficult for the price to move higher. However, in a strongly trending market, the upward movement will resume. If the bulls can break through resistance, Ether will rally above the 50-day simple moving average (SMA). However, as long as the moving average lines are intact, Ether will move within a certain range.

Ethereum indicator analysis 


In the 14th period, Ethereum has risen to the value of 42 in the Relative Strength Index. Ether is in a bearish trend zone and could fall further. The price bars on the daily chart are between the moving average lines, indicating a likely range-bound move for the cryptocurrency. The largest altcoin has reached the overbought zone of the market. It is above the stochastic value of 80 on the daily chart.


ETHUSD(Weekly Chart ) - December 5.22.jpg


Technical indicators 


Key resistance levels – $2,000 and $2,500



Key support levels – $1,500 and $1,000


What is the next direction for Ethereum?


Currently, Ethereum is drifting sideways between the moving average lines. Ether has been trapped in a range since November 30. It is predicted that the trend will continue for a few more days. The altcoin will move when the moving average lines are broken.


ETHUSD(Daily Chart) - December 5.22.jpg


Disclaimer. This analysis and forecast are the personal opinions of the author and are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol. Readers should do their research before investing in funds.


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This Western PubG Game Mode Is So ADDICTING! – CryptoStache

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This Western PubG Game Mode Is So ADDICTING! - CryptoStache

I jump into disguise and head out on a mission to play GRIT!

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In GRIT’s Wild West, the fastest draw isn’t always enough to make sure you’re the one riding off into the sunset. Meet other players on the dusty plains or at high noon on the streets of a frontier boomtown. Run and gun, or hijack the last train out of town – but remember, sometimes there’s no running from the coming calamity.

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Warren Buffett Explains His Hate for Bitcoin

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Warren Buffett Explains His Hate for Bitcoin

Bitcoin has had its worst year to date, and Warren Buffett – the billionaire investor and CEO behind real estate giant Berkshire Hathaway – is laughing in all our faces right about now.

Warren Buffett Really Hates Bitcoin

Buffett has never supported bitcoin. In fact, he’s said some rather negative things about it. Discussing crypto assets in 2018, he said:

They will come to a very bad ending.

He also made it clear that he had no intention of owning any form of crypto, stating in early 2022:

If you… owned all of the bitcoin in the world and you offered it to me for $25, I wouldn’t take it.

In the long run, Buffett doesn’t see much value to BTC and claims it’s not a productive asset. In the year 2020, he stated that cryptocurrencies do not have any real value in that they don’t lead to any serious returns. He mentioned:

They don’t reproduce, they can’t mail you a check, they can’t do anything, and what you hope is that somebody else comes along and pays you more money for them later on, but then that person’s got the problem.

He also said he doesn’t see crypto as money given many companies are not accepting it as a method of payment. Buffett added to his 2020 words with:

I don’t have any bitcoin. I don’t own any cryptocurrency. I never will.

The idea of bitcoin not serving as money first came from him in 2014. In an interview, he stated:

It does not meet the test of a currency. It is not a durable means of exchange. It’s not a store of value. A check is a way of transmitting money, too. Are checks worth a whole lot of money just because they can transmit money?

While it may be safe to assume Buffett knows a lot about money and investing, it would be wrong to think he knows everything, and perhaps bitcoin is simply an asset he’s not understanding. This has been suggested by analysts in the past, though to be fair, Buffett has largely been successful because he has stuck to investing in things he knows and comprehends. He mentioned:

I get in enough trouble with things I think I know something about. Why in the world should I take a long or short position in something I don’t know anything about?

A Long List of Insults

He says that one of the reasons investors get into trouble most of the time is because they like to gamble and take too many unnecessary risks. He commented:

If you don’t understand it, you get much more excited than if you understand it. You can have anything you want to imagine if you just look at something and say, ‘That’s magic.’

Tags: bitcoin, crypto, Warren Buffett


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