Binance will Kryptobörsen und Unternehmen in Zusammenarbeit mit der dortigen Regierung dabei helfen, in Dubai zugelassen zu werden.
Best Coins to buy if you want exposure in the relatively undervalued virtual real estate sector
Metaverse-related blockchain projects have been gathering steam in recent months. Investors too are growing confident that crypto and related assets will be crucial in the metaverse. As such, there are positioning themselves to take advantage of this next growth opportunity. Here is why:
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First, analysts have termed the metaverse one of the most important growth opportunities for crypto and blockchain technology
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Virtual real estate purchases are heating up, with one on Sandbox selling for $4.3 million
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The world of virtual real estate remains relatively undervalued despite growth potential
With these facts in mind, it is clear that this industry has a lot of upsides. Here are two blockchain projects to invest in if indeed you want some exposure in virtual real estate and the metaverse.
Axie Infinity (AXS) – NFT based blockchain game
AXS is the native token of the Axie Infinity, a blockchain-based NFT game powered by Ethereum. The platform has nearly 2 million active daily users. Players simply raise and fight NFT pets called Axies. The Axies can be bought and sold through the NFT marketplace.
Data source: Tradingview.com
AXS has seen a surge in ownership this year of nearly 420%. The coin has also seen explosive growth as the popularity of NFT- based gaming rises. We expect this trend to continue, and with a lot of interest in the metaverse, AXS could be hugely valuable.
Decentraland (MANA) – Virtual reality platform on Ethereum
Decentraland (MANA) is also an Ethereum based virtual world where people can buy and develop virtual real estate. As of now, there are about 90 000 plots inside the virtual world where users can host events on their land.
Just recently, a single plot of land on Decentraland sold for $2.43 million. We expect interest and investment in virtual real estate to surge in the near term, and as such, Decentraland (MANA) could be in for a positive ride.
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Bitcoin klettert auf 49.000 US-Dollar: Überraschender Schub durch Erdogan-Maßnahmen für türkische Lira
Ironischerweise hat der türkische Präsident im September Krypto den „Krieg“ erklärt. Nun hat er Zuwächse über Nacht gesorgt.
Adidas Originals: Platz zwei der meistverkauften NFT-Kollektionen auf OpenSea
Adidas Originals, gmoney, Bored Ape Yacht Club und PUNKS Comic haben im Rahmen eines gemeinsamen NFT-Projektes innerhalb von 72 Stunden 43 Millionen US-Dollar eingespielt.
FTX CEO says crypto doesn’t need oversight that ‘gums’ the industry
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FTX chief executive officer, 29-year old Sam Bankman-Fried says that the US would do well as one of the major crypto markets if authorities aimed at regulatory clarity.
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He also commented on the existing regulatory environment, noting that crypto doesn’t need oversight that ‘gums’ up the industry.
FTX CEO Sam Bankman-Fried says markets regulation by the Commodity Futures Trading Commission (CFTC) and asset issuance regulation by the US Securities and Exchange Commission (SEC) already “makes a ton of sense.”
But there are lots of “nasty points” within the regulatory framework and that is something that needs to be worked on, he added.
Bankman-Fried, one of the several crypto exchange executives to recently testify before Congress, said this during an interview on CNBC’s “Mad Money” show on Monday.
Asked whether it would be better to have just the CFTC regulate the crypto industry, the FTX chief offered:
“I think it will make a ton of sense for some combination of the CFTC and the SEC to regulate the crypto industry.”
But at its core, the FTX boss noted, markets regulation by the commodities watchdog and asset issuance regulation by the securities agency is okay. He says this approach makes a lot of sense and is clearer to the crypto industry.
Crypto doesn’t need oversight that ends up ‚gumming‘ sector
According to Bankman-Fried, while the regulators already work within given frameworks, there are lots of aspects of regulation that need a lot more clarity to make sense when applied to the crypto ecosystem.
He also believes that proper regulation is what will bring cryptocurrencies to the mainstream and help the industry achieve global adoption, with consumer protection a key component.
“Let’s make sure that the regulatory oversight that needs to be there is there and oversight that doesn’t make sense isn’t gumming the industry,” he noted.
Regarding the last part of the above observation, Bankman-Fried says the solution lies in the removal of regulatory uncertainty; especially the back and forth regarding what is a security and what’s not. He also wants to see clarity for the stablecoin market.
There has been a lot of action (and talk) around crypto regulation, with some countries looking to ban aspects of the industry as part of a regulatory crackdown as did China earlier in the year.
In the US, the Federal Reserve and the SEC have indicated that they would not ban crypto, but regulatory oversight is high on the administration’s agenda. This week a Bank of International Settlements said 2022 is likely to see a global crypto regulation framework.
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