ProShares Files For A Metaverse ETF – Is The Metaverse Going Mainstream?

Many savvy investors still don’t fully understand what the Metaverse really means, but its impact on the crypto world and NFTs is undeniable. Now ProShares has filed for a Metaverse ETF, new games are throwing their hats into the “play-to-earn” arena, and Facebook’s re-brand to “Meta” is still fresh. What does it all mean for investors?

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Show Highlights

ProShares Files for Metaverse ETF: “ProShares, which launched the first US-listed bitcoin ETF in October, has filed with the SEC to list a metaverse-themed ETF that would track the performance of the Solactive Metaverse Theme Index.” (Blockworks)

What Is the Metaverse, Exactly?: “Mentally replace the phrase “the metaverse” in a sentence with “cyberspace.” Ninety percent of the time, the meaning won’t substantially change.” (Wired)

People in the Philippines are earning cryptocurrency during the pandemic by playing a video game: “What matters is having money so we can eat, avoid debts and get through every day. It [Axie Infinity] sustained our daily needs, paid our bills, and debts,” said a mother of three in the documentary. “I was thankful to Axie because somehow it helped us.” (CNBC)

Thetan Arena Battles Axie Infinity in ‘Play-to-Earn’: “Thetan Arena, a new video game fueled by cryptocurrency, claims to have quickly amassed over twice as many users as Axie Infinity, the digital-asset darling that leapt to a dominant market position earlier this year in the “play-to-earn” sector.” (Coindesk) Also: Axie Infinity price risks further fall as active users drop 70% from peak (FXStreet)

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Cryptogic is THE show for crypto investors who are focused on long term results. Follow Scott Hawksworth and Andy Hagans as they explore the investable world of blockchain technology, NFTs, Bitcoin, Ethererum, and other cryptocurrencies.

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