Unlocking the Metaverse

Chart of the Day







ICYMI: The price of ETH has spiked 10% in the past 24 hours to reach an all time high of $4.4k, eclipsing its previous record set just two days ago. 



The broader crypto market is seeing signs of recovery today, as BTC has bounced back to the $61k level on a wave of momentum, while large state-level purchases of BTC from El Salvador have also boosted market sentiment. Never ones to be outdone, canine-inspired memecoins have still managed to take center stage, with their top performer, Shiba Inu, recording a whopping $23 billion in transaction volume across top exchanges. SHIB's parabolic rise was also surprisingly matched by an up-and-coming rival, Floki Inu, a cross-chain token that surged more than 200% in a single day. A great time for dog coin connoisseurs indeed.





Talk of the Town







Social media giant Facebook, henceforth known as Meta, has made it clear that they intend to lead the charge into the metaverse. In a keynote address at the company's annual Connect conference, CEO Mark Zuckerberg announced Facebook's official rebranding into Meta, and outlined his vision for a future dominated by the metaverse. To elucidate, a metaverse refers to a future iteration of the Internet, where multiple virtual spaces will amalgamate into one larger virtual universe, à la the film Ready Player One. NFTs, another very popular asset in recent times, will also play a huge part in this future, as they constitute an important component of any metaverse. With Zuckerberg and Meta at the helm. fans of the metaverse and NFTs have a lot to be excited about indeed.