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The metaverse is a $1 trillion opportunity, crypto giant Grayscale says as virtual land sales grow | Currency News | Financial and business news

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Facebook metaverse entertainment meta
Facebook metaverse entertainment meta
Facebook, now called Meta, created some images to show what the metaverse might look like.

  • Crypto giant Grayscale said the metaverse represents a $1 trillion annual revenue opportunity.
  • It’s because pieces of virtual land have been sold in metaverse projects for over $2 million.
  • Grayscale said the metaverse represents a major opportunity for the crypto world, accelerating investment.

The metaverse has the potential to become a $1 trillion annual revenue opportunity in the worlds of advertising, digital events, e-commerce and hardware, according to a new report from crypto giant Grayscale.

Grayscale’s report, released Wednesday night, comes amid a wave of interest in the metaverse after Facebook went official. changed her name to Meta because it focuses on the virtual immersive world that he believes is the future of the internet.

This week saw early indications of the potential size of the metaverse economy, with virtual land parcels in crypto-based metaverses Decentraland and Axie Infinity selling for more than $2 million.

The metaverse refers to a series of online 3D virtual environments, in which people can play games, build things, socialize, work and even trade and earn crypto assets.

The most well-known individual metaverses right now are in gaming, with Fortnite and Roblox gaining huge popularity in recent years. Grayscale estimated that revenue from virtual game worlds could grow to $400 billion by 2025, from about $180 billion in 2020.

Still, Grayscale, which manages the world’s largest cryptocurrency fund, said the metaverse is still “in its infancy.” It says that Facebook plans to Spend $10 Billion this year on the metaverse is a sign of the potential of the market.

“The market opportunity to bring the Metaverse to life could be worth more than $1 trillion in annual sales,” the report said, though it did not specify a time frame.

The report’s authors, Grayscale’s head of research David Grider and research analyst Matt Maximo, argued that the metaverse represents a huge opportunity for crypto firms.

Read more: The metaverse will not revolutionize the office. But it could create new ways to make money.

Many current metaverse projects, such as virtual reality or games, are run by so-called Web2 companies, which are centralized and profitable. Facebook, which launched the virtual reality space Horizon Worlds, is one example.

But increasingly, metaverse projects are being created on or heavily connected to crypto technology, giving users greater control and earning money to use in the real world. This is known as the Web3 metaverse.

Grayscale listed the monetization opportunities for consumers within the Web3 metaverse. These include art galleries that launch NFTs, games and casinos where players win crypto, digital billboards and music venues where DJs and artists hold concerts.

In the third quarter, total fundraising via Web3 and NFT reached $1.8 billion, out of total crypto fundraising of $8.2 billion, Grayscale said. It added that investment “has recently begun to accelerate”.

Grayscale’s report focused on Decentraland. In that metaverse, people log in to play games, earn the native cryptocurrency mana, buy NFTs, including virtual land and collectibles, and vote on the governance of the economy.

The crypto investment company recently established a Decentraland trust that invests solely in mana. The cryptocurrency is up about 550% in the past 30 days, according to coinecko.

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Need a Microsoft 365 Family subscription? Get a $50 Amazon Gift Card for just an extra $6

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XDA Developers

If you’ve been waiting for the right time to renew your Microsoft 365 subscription, this might be it. Amazon has a Cyber ​​Monday deal for an annual subscription to Microsoft 365 Family, which means you can get a $50 Amazon gift card with it for just $6. That means you get 12 months of Microsoft 365 for your family, plus a $50 Amazon gift card for just $106, instead of $150.

    Microsoft 365 Family 12 Month Subscription + $50 Amazon Gift Card ($44 off)
    Microsoft 365 gives you access to Microsoft’s Office apps, Microsoft Editor and Family Safety. You also get a $50 Amazon gift card for just $6 more.

Microsoft 365 Family includes all the standard Microsoft Office apps — Word, PowerPoint, Excel, and Outlook — for up to 5 users, plus 1 TB of OneDrive storage for each of those users (5 TB in total). It also includes recent additions such as premium Microsoft Editor features, including clarity, brevity, and other advanced suggestions. Plus, you get access to Family Safety features, including location tracking for your family members, screen time control, and parental controls for kids.

As mentioned above, the family plan works for up to five users and lasts for a whole year. Being a part of Microsoft 365 also means you get new features and updates every month at no extra cost, unlike Office’s perpetual licenses that are only updated every three years and require you to purchase a new license. Buying this subscription will also activate auto-renewal, so you’ll need to opt out if you don’t want to continue using it after the first year.

Plus, you get a $50 Amazon gift card to spend on anything you want, and you pay just $6 for it. That basically gives you an extra $44 to spend on just about anything you want on Amazon, which is a really nice deal.

Stop by our Cyber ​​Monday PC Deals hub to check out some of the best deals on PCs, accessories, and more — you might even be able to use that Amazon gift card on some of them. If you’re more interested in smartphones, we also have a list of Cyber ​​Monday deals focused on that.

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Orlando Pirates vs LPRC Oilers: LIVE SCORES

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Orlando Pirates vs LPRC Oilers: LIVE SCORES

Orlando Pirates are in action tonight in their CAF Confederation Cup final play-off round first game against LRPC Oilers.

READ | EX-KAIZER CHIEFS STRIKER REPLACES JOEL MASUTHA AT PRETORIA CALLIES

The meeting is scheduled for kick-off at the Kanyon Doe Sports Complex in Liberia for 18:00.

READ | ORLANDO PIRATES CHASE CAF CONFEDERATION CUP GLORY IN LIBERIA

The Buccaneers secured their spot in the final round of play-offs after beating Congolese side Diables Noirs 1-0.

LRPC Oilers vs Orlando Pirates: LIVE SCORES

Starting position

Orlando Pirates

Mpontshane, Nyauza, Mngonyama, Mabaso, Mako, Motshwari, Makaringe, Hotto, Mabasa, Mntambo, Dzvukamanja

Subs: Sandilands, Shandu, Maela, Sam, Monare, Makgaka, Mhango

Shape guide

“Both sides have had a mix of results in recent weeks, but based on their most recent appearances, Orlando Pirates should go into the game with some confidence.” – The official Pirates site report.

“In their last assignment, the Soweto Giants were dominant on the road, beating Stellenbosch FC 3-0 to claim their biggest margin of the season. The result also ended a two-game winless run that saw the Buccaneers endure a loss and a draw, both away from home. The Oilers, on the other hand, have had a harder time since they kicked off their domestic league campaign with a convincing 3-0 win over newly promoted Sandi FC.

WATCH: PITSO MOSIMANE DOING THE FAMOUS JOMO SONO CELEBRATION

“Since then they have played three games without winning, drawn twice and lost once. The Liberians are in the Confed Cup after falling from the Champions League, courtesy of a 4-0 aggregate defeat to Raja Casablanca. Orlando Pirates reached the Playoff Round after beating Diables Noirs of Congo in their draw in the second qualifying round.

READ NOW: Kaizer Chiefs, Orlando Pirates & Co Are Banned From Participating In CAF Club Competitions!

Orlando Pirates vs LRPC Oilers: kick-off time

The action at the Kanyon Doe Sports Complex starts at 18:00. The match will NOT be broadcast live in South Africa. It also remains to be seen whether a live stream will be provided by the Buccaneers’ social media team.

This website will give you live coverage this afternoon of the Orlando Pirates showdown against LRPC Oilers. You can follow Liberia’s live scores here.

READ | SHOCKER! SUPERFAN DUMPS ORLANDO PIRATES FOR MAMKHIZE’S ROYAL AM

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Restaurant X opens in Port Washington

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Restaurant X opens in Port Washington

The letter X can stand for many things. For Port Washington’s Restaurant X, which quietly opened its doors in late October, it symbolizes an entire philosophy aimed at bending the rules of what it means to both eat and run a restaurant.

“We have a small menu that’s always changing, and there’s not a lot of rigidity, hence the ‘X’,” said Gabriel Moroianu, a partner. “It’s unobtrusive – anything goes.”

For the first few weeks of Restaurant X’s existence, there wasn’t even a sign over the door—just a row of misted-up windows on Main Street, beyond which diners would find a plush, gray-on-gray dining room. Each banquet comes with a sealed gray envelope, and inside it a multi-course tasting menu that changes every two weeks. Charged with that constant reinvention is Chef Tomo Kabayashi, Chef de cuisine Cesar Aguilar and a rotating roster of visiting chefs (Chef Xs) which will start in January.

“We saw Chef Tomo as our culinary anchor for this project,” says Moroianu. “Chefs Tomo and Cesar have carte blanche with creativity, to put their best foot forward and use their brains to create something unique.”

Originally from the Japanese prefecture of Yamaguchi, Kobayashi is a familiar face on the local gastronomic circuit, including a stint as head chef of Toku Modern Asian in Manhasset.

Kobayashi and Aguilar have known each other for years, and it was in Toku where most of the partners met; next to Moroianu they are Buck Canon, Calvin Lau and Juan De La Cruz. (Robert S. Heicklen, a real estate agent, is also a partner). Together, they used their collective experience to reverse engineer restaurant life and create an adventurous, ever-changing place where stress and toxicity are minimized.

“We’ve worked in chaos for so many years, so we wanted to create calm,” says Canon, a former chef who doubles as a bartender, serving custom-made mixed drinks behind the dramatic, illuminated marble bar.

Each two-week era is themed, and diners are encouraged to keep their menus closed so they’ll be surprised by every twist on the nine-course tasting, which costs $160 per person, or $215 with wine pairing. There is a parallel vegetarian menu for $120 per person, $175 with wine pairing.

Restaurant X’s opening menu was French-Asian themed. The small plates feature Berkshire pork “char siu porchetta” in a plum-mustard-ginger glaze; a fillet of madai (Japanese sea bream) dramatically served in clear parchment (en papillote) cut open by a server and topped with tomato shiso fondue; and a charred wagyu beef cheek with a clear yuzu koshou gravy. The vegetarian menu featured dishes such as roasted maitake mushrooms with potato galette, shiso butter and truffle puree.

Pastry chef Joemi Reyes, once the pastry chef of Jericho’s One North, makes layered, silent show-stopping desserts such as coconut panna cotta with azuki bean gelée and spiced mango candy, accented with dianthus blossoms.

Moroianu, a sommelier, creates the wine pairings for each menu. “Pairing wine with each course brings out nuance,” he said.

A shorter four-course tasting menu is available at the bar, for $80, and already seems to be attracting a following; many of the chef’s tasting dishes are available as small a la carte plates, from $10 to $24.

In December, Restaurant X will debut a wild-game themed menu; in January, they welcome their first guest chef: Christian Delouvrier, the once-Michelin-starred chef of the late, great Lespinasse in New York City.

Restaurant X is open Tuesday through Friday for lunch and dinner and Saturday and Sunday for brunch and dinner at 170 Main St., Port Washington, 516-918-9446. restaurantxli.com

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