Bitcoin is seeing impressive growth on nearly all fronts as we enter the final weeks of Q3 2021. We suggest investors look past the crash in prices last week, which we believe was a result of soft spot volumes and liquidations of overextended leveraged longs, and examine the on-chain data, which points to continued growth in the Bitcoin network. We areThe Metaverse is a digital world powered by Web 3.0 technologies, such as the blockchain. It is an ever-evolving virtual world in which we work, interact, and spend our leisure time in. This concept has appeared repeatedly in sci-fi novels and films: players donning a headset to enter a virtual reality (VR) world, teleporting between realities, or appearing via hologram. While the concept can still seem farfetched today, there is no question we are spending more and more of our lives either looking at the screens of our computer, television, tablet, and smartphones. Our acceptance, and need, to use such technologies makes the Metaverse inevitable. With so much of our lives digital today (emails, texts, video calls, social media, etc.), the logical next step is to digitize more components, such as our personas (avatars), items (tokenized assets, non-fungible tokens (NFTs)), and interactions (workplace, meetings).

Neil Stevens first coined the term Metaverse in his 1992, VR-inspired sci-fi novel Snow Crash. In the book, humans are portrayed as avatars which interact with each other and AI-generated software agents in a virtual space, as a metaphor for the real world.

Subscribe to our newsletter to see the rest of this content.

About the Author

Martin Gaspar Headshot
Martin Gaspar
Research Analyst

Martin is a research analyst at CrossTower. Martin has several years of experience in conducting fundamental research and cryptocurrency analysis. Prior to joining CrossTower, Martin was a fixed income research analyst at Wells Fargo Securities, where he helped support traders, salespeople, and buy-side clients through his actionable investment recommendations. He has a passion for crypto and has followed the space extensively since 2012. Martin holds a BA from Colorado College, where he graduated with Distinction in Economics.