The Bitbuy Brief: Will Zuckerberg Lead the Metaverse?

Issue #168: Will Zuckerberg Focus on leading the Metaverse?

January 20th, 2022

Weekly Market Recap

On the week, Bitcoin price is down 2.5%.

We’re keeping an eye for a break from a current support level of $50K CAD and a resistance level of $55K CAD.

Most coins followed Bitcoin except for $ADA which saw an 8% increase in price.

As always, if you’re looking to trade the latest market moves, click here to access your account.

Crypto in The News

Mark Cuban says 80% of his investments that aren’t on ‘Shark Tank’ are crypto-related – CNBC

The top crypto trends in Canada: 62% of Canadians want to be paid in crypto – Capterra

Top cryptocurrencies to watch in 2022 – The Seattle Times

OpenSea surpasses $3.5B in monthly Ether trading volume setting new ATH – Cointelegraph

NFT scams: How to avoid falling victim – CoinDesk

FTX launches $2B venture fund – Blockworks

Microsoft’s Activision plan shows gaming will be at the heart of the metaverse – The Guardian

7 NFT projects the world is talking about right now – Prestige

Should Zuckerberg lead us into The Metaverse?

Image source: Anthony Quintano

Crypto industry leaders are split on whether they believe Mark Zuckerberg should lead Facebook into the metaverse.

In a recent interview with Cointelegraph, Hodl Assets COO, Jenny Ta said Zuckerberg needs to resign if Meta is to succeed.

According to Ta, due to the constant regulatory scrutiny, the CEO has received over Facebook’s data mining, privacy, and content policies, it would be better if he stepped down to provide Meta with a clean slate.

She compared Zuckerberg with what Bill Gates faced in the early 2000’s.

“Bill Gates, when he was still the CEO of Microsoft, he was a monopolist. So, the government went after him hardcore. Lawsuits after lawsuits until one day, he said, ‘Forget this. In order for me to save the company, I need to step down.’ And guess what? It worked.”

Animoca Brands co-founder, Yat Siu holds an opposing view, saying Zuckerberg is a “force of nature” and the only one who can drive the company forward.

“This is the irony. I think that it needs Mark Zuckerberg actually for Meta to fulfill that vision because it is a founder-led organization, right? You know, say what you will about all the things that Mark may have inadvertently done. He is brilliant. He is one of the smartest people in the world. He’s going to drive the organization in a mission-led way.”

That being said, Siu hopes that Meta reconsiders its current centralized business model if it wants to truly create an “open” and successful metaverse.

A Metaverse for the Masses

When it comes to mainstream adoption, Ta compared the current state of the metaverse to the initial adoption of text messaging. According to her, “The 5% of the world who really knows what the metaverse is, are [like] the ones who were [first] using text messages 20 years ago.”

Siu thinks that “mass adoption” is coming soon. “It’s reached that point where every interaction becomes exponential in focus because it’s no longer one person talking to one person that introduces another person. It’s 1,000 people talking to 1,000 people that are creating a few thousand people that are coming to the space,” he said. “We’re now going to have to be talking about how we go from tens of millions to hundreds of millions.”

12 Crypto Buzzwords You Should Know in 2022

Image source: Rodnae Productions

The past year has been eventful in the crypto-verse. Bitcoin hit a new all-time high, El Salvador recognized cryptocurrency as a legal tender, and countless new coins were made available on the market. The world is changing, and crypto is to blame. With more and more people taking their shot at cryptocurrency, everyday language has had to adapt, and the use of crypto buzzwords is at an ATH (or all-time high). Read the full article for the list of popular words you should know in 2022.

Read The Full Article Here

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