Bitcoin is approaching record highs, with major companies like Walmart and Amazon exploring stablecoins and Robinhood tokenizing shares. NFTs are reviving in popularity, and even crypto-driven network states are emerging. In contrast, the metaverse, once hailed as the next digital frontier and heavily promoted during 2020 and 2021, has not joined the current crypto rally. Decentraland, a previously popular platform, featured various branded events, illustrating the metaverse's past potential as a digital social space.
Decentraland was among the breakout stars of the metaverse, a bustling virtual city with casinos, concerts, branded events from Dolce & Gabbana to Nestlé, and even a JPMorgan lounge.
Bitcoin is near record highs, Walmart and Amazon are reportedly exploring stablecoins, Robinhood is tokenizing shares of public and private companies, and NFTs are stirring back to life.
Back in 2020 and 2021, the metaverse was the tech industry's favorite toy-an immersive digital frontier where we'd work, play, and shop.
JPMorgan called it a $1 trillion opportunity that would "likely infiltrate every sector."
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