What Is the Metaverse? An Animated Explanation
CoinDesk’s Christine Lee explains what the metaverse concept entails, going back to its roots in the 1992 sci-fi novel "Snow Crash" and what it means in the current tech and gaming ecosystems. Watch Christine’s animated avatar speak on Facebook's metaverse venture, potential sources of revenue for creators in virtual spaces and the role of NFTs.
Silvergate to Continue Working With Regulators Ahead of Stablecoin Pilot Launch
The lender recently bought Meta’s stablecoin tech and assets.
First Mover Asia: Bitcoin Is Flat in Muted Trading; Ether Declines
The largest cryptocurrency by market capitalization declined before recovering ground later in the day.
The Sandbox Co-Founder Says Meta Acquisition Rumor Is 'Totally Fake'
Responding to swirling speculations Meta (formerly Facebook) is acquiring The Sandbox, co-founder and COO of the metaverse startup Sebastien Borget says "it's totally fake," adding, "I hope it will never be happening." Plus, his thoughts on what Meta is getting wrong about its metaverse plans and the wider race among tech giants to dominate metaverse technology.
First Mover Asia: Crypto Prices Plunge Late After Weak Meta Earnings
Bitcoin and ether fell sharply after the company formerly known as Facebook said its virtual/augmented reality division lost $10 billion in 2021.
Meta Reports Loss of $10.2B on Augmented/Virtual Reality Operations in 2021
The company formerly known as Facebook also reported 2021 revenue of $2.3 billion from the newly broken out division.
Where Is Diem Creator David Marcus Headed Next?
David Marcus, co-founder of the Diem project (formerly Libra) originally launched from Meta (formerly Facebook), tweeted Tuesday, predicting that bitcoin will be the No. 1 asset in the next 20 years, while the No. 2 asset is yet to be determined. This comes as Silvergate Bank confirmed Monday Diem is shutting down.
Silvergate's Acquisition of Diem's Assets Positive for Stablecoin Launch, Analysts Say
The crypto-focused bank plans to launch a stablecoin by the end of the year.
