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Hello dear friends of Leofinance I hope you are all very well. Today I bring you more information about the world of cryptocurrencies and their interactions in the economy. As I see that many have liked that I bring you current information compiled in an uncomplicated way today I bring you this post.

But before I continue, I consider it prudent to remember that what I say in these articles are not investment tips, I do not consider myself an expert in economics or cryptocurrencies, I just research on the internet and bring the most important excerpts from those long hours of reading to you to spread the information and encourage discussion and debate. That said. Let's get to the news.

Dear friends this week has started off very busy in the cryptocurrency arena, and with all this rush to get ready for the metaverse world new coins are appearing, more NFTs and a lot of money changing hands. All of this reached a new milestone today, which should be a wake-up call for everyone when Haim Israel, Chief Global Investment Strategist at Bank Of America expressed in an interview with bloomberg that he definitely believes that the metaverse is a massive investment opportunity, this in the context of a conversation about cryptocurrencies and their relationship with the metaverse.

Other bombshells he dropped are, 'we are going to use Cryptocurrencies as normal currencies' and 'You need the right platforms, it's definitely going to be a huge opportunity for this whole ecosystem' the latter referring to the cryptocurrency ecosystem.

https://www.bloomberg.com/news/articles/2021-09-15/bofa-identifies-tech-moonshots-to-catch-next-apple-amazon

Of course all of this is something that many of us have been speculating for a while now. But the fact that someone of Haim Israel's caliber is saying it is another step towards confirming our speculations, analyzing the race to create assets for the metaverse (something I will talk about a little later) and the amount of money changing hands Haim foresees that the use of cryptocurrencies will even interest traditional payment management companies.

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Of course, friend Haim has his reservations.

The first is that he believes that many cryptocurrencies are too unstable for anyone to seriously invest in them or apply them in his area of the metaverse. So he foresees that many will stick to stablecoins.

Which is totally understandable. Besides there are still doubts whether the metaverse will really become a decentralized ecosystem and giants like Facebook or Apple will not end up dominating it with their millionaire investments, creating their coins and their rules.

Haim Israel's words echo around the world as more and more money is invested in projects associated with the metaverse, Softbank launches with a millionaire investment in South Korean metaverse platforms dedicated to create digital fashion outfits, basically, high-end clothes for the metaverse avatars.

https://www.wsj.com/articles/softbank-bets-on-asian-metaverse-platform-selling-digital-gucci-dior-11638270000?mod=markets_featst_pos1&AID=11557093&PID=6415797&SID=undefined%7C1638312320901m8bd1osw&subid=Business+Insider&cjevent=332ee33b522f11ec83ef00320a82b836&tier_1=affiliate&tier_2=moa&tier_3=Business+Insider&tier_4=3861930&tier_5=https%3A%2F%2Fwww.wsj.com%2Farticles%2Fsoftbank-bets-on-asian-metaverse-platform-selling-digital-gucci-dior-

All this while today also saw a new record sale price for a piece of digital land, this time The republic realm company paid $4.6 million for a piece of digital land on the Sandbox platform reported Wall Street journal https://www.wsj.com/articles/metaverse-real-estate-piles-up-record-sales-in-sandbox-and-other-virtual-realms-11638268380

And Decentraland announces that its metaverse festival will be repeated next year. This year's event had close to 50,000 attendees, featured nearly 80 digital artists and generated 11,204 NFTs. https://markets.businessinsider.com/news/currencies/metaverse-decentraland-festival-happening-again-next-year-nft-sandbox-2021-11

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Conclusions

No doubt dear friends it is good to see the confirmation of our theories, I think it is a very exciting time to be in the world of cryptocurrencies, I just wish I had a better machine to launch me into the metaverse xD but I hope to achieve that with your support, and thus inform you from the first line. In the meantime let's keep an eye on the news.

I close with words from Raj gokal, co-founder of the Solana network. I have never seen so much hype in the media about an unreleased product or product category, ever' this referring to the hype about the metaverse and its associated economy.

What do you guys think about all this my friends, are you not concerned that Facebook and the other Big Techs are still not speaking out about the nature of the economics in their metaverse platforms.

I'll read you in the comments.

Recommended Bibliographic Reference

[1] Metaverse decentraland festival happening again next year nft sandbox

[2] Metaverse real estate piles up record sale in sandbox and other virtual realms

[3]Softbank bets on Asian metaverse platform selling digital gucci dior

[4]Softbank bets on Asian metaverse platform selling digital Gucci dior

[5]<a https://www.bloomberg.com/news/articles/2021-09-15/bofa-identifies-tech-moonshots-to-catch-next-apple-amazon ">Sofa identifies tech moonshots to cath next apple amanzon