We break down the biggest crypto scandal to hit the market since Mt.Gox was hacked back in 2014. Last week FTX which is one of the largest crypto exchanges in the world was found to run in to liquidity problems which meant customers would not be able to withdraw the funds they deposited. This was due to mismanagement of the customer funds to prop up their investment arm in Alameda Research which took a huge hit. Now FTX has completely collapsed which positions Binance and Coinbase in a league of their own as far as crypto exchanges go. How will this impact the crypto market and it’s potential to recover.
The crypto markets are starting to show some signs of positive momentum, what can be causing this shift in sentiment? When comparing this stage of the bear market to the 2018 cycle, there are some clear distinguishable differences, mainly in the amount of construction present in the market. Now there are multiple Layer 1, Layer2, and even Layer 3 blockchains on the way. NFTs can potentially blow up again with Reddit NFTs that just launched. All of this together paints a much more bullish picture than before. When shifting to the metaverse, we are witnessing the start of the content censorship debate that we predicted would happen several years ago. Now that Decentraland has a community governing the DAO, what will the they decide is the best route to regulate content that is too sexualized and potentially damaging.
On episode 130 we do a deep dive on what it takes to build the infrastructure that will enable the multi-trillion dollar metaverse. We determine whether the frontier of a 3D internet will onboard billions of people who don’t have economic opportunities locally. What are the technologies needed to bring the potential of the metaverse into fruition? Other elements of crypto such as DeFil need to also to mature so other sectors in crypto can leverage and sustain a userbase of a mass population. We go through some examples of major web2 companies getting into the metaverse and what form they will take.
Everyone asks what is the metaverse and especially after Facebook’s Meta unveiled tons of technology for the metaverses future, people need to know what it is. We break down what we think the true definition and expectations of the metaverse should be. What needs to happen for this vision of the metaverse to become reality. Are the existing open web3 metaverses building their virtual worlds the right way? Or is there a fundamental misunderstanding of how to create the value mechanics that will lead to a multi-trillion dollar metaverse economy. To end it off, we introduced Hyperfy as the spotlight Verse of the week. The team building Hyperfy are implementing a lot of useful features like “apps” that allow asset creators to incorporate customizable code for the owners to manipulate. How big can Hyperfy get? We discuss this and more…
According to all the traditional Bitcoin models we have shown in the past, Bitcoin is as low as it gets within the accumulation zone. Can the price still go lower despite this fact given the macroeconomic situation showing all signals of more downside for the stock market? Also, there are several new layer 1 blockchains emerging looking to challenge Ethereum as the go-to development platform to build web3 apps. The biggest most recent one is Aptos which is made up of ex-meta employees who were working together on the Libra project. Is this silicon Valley big entrance to the web3 space and what will the impact of this new chain have on the entire web3 ecosystem? What are the most important factors to consider for producing good blockchain-based services and products for the masses to consume?
We discuss the increased tension in the macro economic situation and how this will all impact the web3 market. More economic indicators for a full blown recession and possibly a depression are coming into the picture. Also, talks of nuclear war from Russia are causing wide spread panic. How are we to react to these existential threats to secure the future and hedge against these worst case scenarios. Also, looking at the NFT market shows a massive decline in NFT trading volume in comparison to 8 months ago. What caused this drop off and what will reinvigorate the market to bring it back.