Kraken CEO Jesse Powell at the Crypto Goes Mainstream event predicted the creation of multiple metaverses in the future. This was reported by Decrypt.
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“I don’t think there will be one single metaverse”, he said.
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According to Powell, no one will have a monopoly on such development. He described the massively multiplayer online role-playing game World of Warcraft, the NFT-based project Axie Infinity, and Facebook as separate metaverses.
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The Kraken CEO noted that in the future such platforms will enable the transfer of in-game items across competitors. Users will have shared ownership across different metaverses.
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“They will support blockchain assets with a defined representation in their world, and they will have different roles,” he explained.
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Powell added that Kraken will launch its own NFT platform by the end of 2021 or early 2022. He also was surprised by the NFT boom this year.
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“Children who have grown up over the last 20 years are familiar with the idea of a digital store of value, virtual clothing and equipment for a virtual avatar,” the head of Kraken noted.
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According to him, all platforms will compete for users, both those already interested in NFTs and newcomers to the industry.
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In October, Facebook underwent a major rebrand—now the company is called Meta. Mark Zuckerberg called the metaverse ‘the next stage in the evolution of social connections’.
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Professor Hope of the University of Liverpool, Dr. David Reid urged humanity to take the initiative under control and urgently discuss ways to protect users before the technology becomes a reality within the next five to ten years.
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In November, the Hong Kong-based gaming platform The Sandbox raised $93 million to create a metaverse. For the same purpose, blockchain firm Enjin launched a $100 million fund. Investment firm Sfermion raised $100 million to accelerate the creation of a decentralized metaverse.
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