Tech companies with big distributed gig worker bases will help expand stablecoins into a $4 trillion business. Along the way, they will help bring millions of investors into the crypto economy. That’s according to Matt Hougan, chief investment officer of crypto asset manager Bitwise, who pointed to a pair of pilot programs by DoorDash and Meta to pay gig workers and content creators in stablecoins. “On a relative basis, these are not a big deal,” Hougan said in a blog post. “Both are pilot projects and the dollar amounts are small. But they’ve answered a question I’ve had about stablecoins for a long time. They’ve also increased my confidence that…
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Walmart May Soon Enter the Metaverse
The retail giant wants in
Trademarks Walmart filed several trademarks on December 30 that would allow them to sell virtual goods, currency, and NFTs to customers. Trademark serial number 97197301 states at one point “PROVIDING A VIRTUAL CURRENCY FOR USE BY MEMBERS OF AN ONLINE COMMUNITY VIA A GLOBAL COMPUTER NETWORK; FINANCIAL EXCHANGE OF VIRTUAL CURRENCY, IN THE FIELD OF NON-FUNGIBLE TOKENS (NFTS)”. The text itself goes on a lot longer, and there are several other additional trademarks to read too. Walmart intends to create its own digital currency and NFTs, but it’s going to go a lot deeper than that. Looking at the trademarks shows that there is a lot of thought and care…
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Will the Metaverse Live Up to the Hype?
Virtual land, concerts, and avatars being sold for thousands of dollars
In the last month, certain GameFi coins have taken off in price, hitting new all time highs and trading volumes. Decentraland (MANA) is the most prominent example. With a peak price of $4.69, the coin currently trades at $3.19, which is significant considering it traded at less than $1 in late October. Other gaming coins, The Sandbox (SAND) and Axie Infinity (AXS) have seen similar patterns of growth in the past few months. A big influence on the price of these coins was Facebook’s recent announcement of the changing of their company name to Meta. Mark Zuckerberg made an extensive video explaining what the Metaverse is and how it can…
