Metaverse News

Metaverse Will Be Built On Ethereum And Polygon, Said Shark Tank Investor Kevin O’Leary

In a new interview with Kitco News, Shark Tank investor Kevin O’Leary stated that Ethereum (ETH), Polygon (MATIC), Hedera (HBAR), and Helium (HNT) will be the technologies on which the metaverse will be constructed.

“If you’re willing to buy a Facebook, a Google or Microsoft, that’s all software. And the metaverse is just software, so I’m starting to take positions in some of these big platforms where the metaverse is going to live like in Polygon and HBAR and Ethereum.

Bitcoin itself is just software. It’s not a coin, so I keep telling people if you’re willing to invest in traditional software as service companies like Microsoft, why aren’t you investing in Ethereum? Why aren’t you investing in Polygon and HBAR and Helium and all of these different platforms?

I’ve got a pretty wide selection of these different software platforms not knowing which ones will be successful but it’s diversification.”

O’Leary stated that the metaverse could change the course of marketing products and brands.

“If you believe in the next three to five years when things continue to move online, particularly experiential advertising, you’re going to find that in the metaverse, where it’s going to manifest itself in gaming first and so we’re going to see a lot of gaming happen and esports is a big part of that. I think this is the direction it’s going in…

There are two directions of the metaverse: unruled, uncurated metaverse where if you’re a big brand, let’s say, Procter & Gamble, you can find yourself set up in the metaverse right beside a porn shop. That’s not going to happen in Facebook where they’re going to curate the metaverse. That may have more value long term because if I’m putting up a brand that I’m trying to protect, that means something to me, I don’t want to put it up beside a liquor store or porn shop or whatever else is on the metaverse that’s unregulated.”

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Hazel

CoinCu News

I’ve got a pretty wide selection of these different software platforms not knowing which ones will be successful but it’s diversification.” which ones will be successful but it’s diversification.” which ones

Victor

Recent Posts

Solana memecoins crash while DTX Exchange hits 100,000 TPS on layer-1 blockchain

Discover how DTX Exchange's historic achievement of 100,000 transactions per second on a layer-1 blockchain…

27 minutes ago

Strategic Bitcoin Reserve Expected to Cut 35% of US National Debt by 2049

VanEck suggests the U.S. could reduce its national debt by 35% by 2050 through a…

34 minutes ago

The New Lead of Presidential Crypto Council Appointed by Trump Is Bo Hines

President-elect Donald Trump named Bo Hines as the executive director of the presidential crypto council.

58 minutes ago

Best New Meme Coins with 1000X Potential: BTFD Coin’s Hot BIG50 Discount As Baby Doge Coin, Dogs Takes Gaming to the Next Level

Explore the best new meme coins with 1000X potential. Learn how BTFD Coin leads with…

2 hours ago

BlockDAG Surges Past $170M as BDAG250 Bonus End Countdown Begins – Aave Targets $400 & Solana Shines with Scalability

BlockDAG crosses $170.5M in presale success with BDAG250 bonus and Whitepaper V3 launch! Solana grows…

3 hours ago

Qubetics Presale Price Surge Approaches: The Best Coins to Invest in Right Now While Toncoin, and XRP Gain Traction

Discover why Qubetics, Toncoin, and XRP are the best coins to invest in right now.…

4 hours ago

This website uses cookies.