Welcome to this week’s Digital Bytes. This week we have analysis on the following topics:
Crypto infrastructure maturing, but what are the institutions really focused on? - global financial institutions have built the infrastructure to buy, sell and store cryptocurrencies. However, given that cryptos are relatively small in terms of adoption and market capitalisation, is there a hidden agenda as we see the financial services sector digitally transforming its products and services?
How to invest in the metaverse - aside from its promising market spectrum, large companies and professional VC and PE firms are increasingly pouring capital into the metaverse. This year Microsoft made its biggest ever acquisition of $70billion, acquiring Activision Blizzard as a move into securing a major spot in the metaverse. Meta (Facebook’s new name) has invested $10billion to acquire and develop its hardware and software offerings with a strong focus on virtual reality (VR) capabilities within the metaverse. So, with VC and PE investors allocating capital to the metaverse, maybe you ought to find out more about the metaverse and see if you ought to buy into it as well….
How blockchain is set to impact manufacturers - the size of the blockchain technology market is predicted to grow in value by 87% p.a. and be worth over $1.59trillion by 2030. There already exist a number of manufacturers using blockchains so as to improve efficiency in supply chains, help reduce fraud and give greater transparency. Blockchains are providing the ability to track and trace goods from their raw materials to the final distributor/retailer in almost real-time, so engendering higher levels of confidence and trust - two key attributes in highly complex international multi-jurisdictional supply chains.
Why diplomats and governments need to pay attention to crypto - how many of us check any email recipients’ physical addresses before hitting the send button? Whether they are in Mogadishu or Mexico City or Miami, as long as the recipients are connected to the internet, they’ll receive your message. Now imagine that same frictionless protocol applied to value - not just currency, but assets and information. Just as the internet up-ended government control over communication and information, blockchain technology will revolutionise ownership.
New non-fungible Tokens Course Offer:
Having been continually asked for our thoughts on NFTs, we have decided to create a series of short videos and roll them into a course so as to help people have a better understanding about these tokens
Click here to access it. As a subscriber to Digital Bytes, you can save 20% on our new NFT course. Normally $39.98 but using the discount code DBYTES20 you can get it for $31.98
Jonny Fry / James Tylee of Digital Bytes by Team Blockchain on Cyber.FM featuring Zed Tarar an MBA candidate at the London Business School