Highlights
00:07 — Cryptocurrency regulations are very relevant to the Metaverse.
00:22 — U.S. President, Joe Biden is set to sign a crypto order, bringing in new regulations. The pressure from various authorities to do this comes on the back of the recent conflict between Ukraine and Russia. There are fears that certain entities may use crypto to avoid some of the sanctions that have been rolled out.
00:46 — Although there haven’t been many details released yet, it seems that there will be tight cryptocurrency regulations. In addition to the regulations, we’re in the midst of ‘the crypto winter,’ where the value of cryptocurrencies seems to continually be dropping.
01:08 — How is this relevant to the Metaverse? It brings into focus that cryptocurrencies are incredibly volatile on both financial and regulatory levels.
01:21 — At this point, it’s cryptocurrencies that will be used to fund the trading and power services within the Metaverse.
01:48 — So, how can we secure cryptocurrencies? What happens if another war or event forces the value of currencies to plummet? Are there options that enable strong security for this?
02:24 — What will we do with cryptocurrencies in the Metaverse? How will we establish a system where cryptocurrencies are safe to use and they aren’t subject to this kind of volatility that we repeatedly see?
Want to compete in the Metaverse? Subscribe to the My Metaverse Minute Channel:
