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Cardano Price Prediction 2022 – 2025 – Business 2 Community

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The crypto markets have been in a downtrend in 2022 with the Ukraine-Russia crisis, news of Biden signing an executive order on crypto regulation, recession fears, and being correlated to a correction in the S&P 500.
There’s new bullish news for Cardano investors though – its developers announced three major upgrades will be rolled out in 2022, one implemented so far – we’ll list those in this guide and our ADA price predictions.


Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.


Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Cardano Price PredictionCardano Price Prediction
Cardano price today – via Tradingview
In a post on Iohk.io, the marketing and communications director Tim Harrison wrote:
‘Following the deployment of smart contract capabilities with the Alonzo update, Cardano is now focused on performance optimization and scalability. We’re now starting to see a diverse range of decentralized applications (DApps) and exchanges (DEXs) launch, with many more to come over the months ahead. 2022 is the year when Cardano starts evolving into a platform to provide sustainable finance (RealFi) for real people.’
The research and development (R&D) firm that created and own Cardano, Input Output, posted a Twitter thread with news of core network improvements as part of an ongoing scaling plan:
As a part of #Cardano’s ongoing scaling plan across three major releases in 2022, we yesterday delivered the first of these, upgrading the core network and introducing some powerful improvements and enhancements 1/n
— Input Output (@InputOutputHK) March 1, 2022

Further upgrades set to take place in 2022 include:
The Cardano price began trading at just under $0.02 when it became available to the public in Oct 2017, on Bittrex exchange and later Cryptopia which was hacked and liquidated, now defunct – underscoring the importance of choosing well regulated crypto exchanges if you invest in Cardano or any crypto asset.
Realising the 40x return on investment (4000% ROI) made since then as an early investor wouldn’t have been possible if your ADA had been held a scam site or low security platform.
Cardano Price History ChartCardano Price History Chart
Cardano price today and from 2017 – present
During the 2017 crypto bull run that saw retail investor FOMO (fear of missing out) push the Bitcoin price to $20k, ADA spiked to over $1 within three months of launch. During the 2018 bear market it then fully retraced the whole move, back to $0.02.
One of the ‘OG’ altcoins, that bull run and reversal encapsulates the volatility of cryptocurrency and shows it is ‘time in the market, not timing the market‘ that makes the difference for an investing strategy, alongside dollar cost averaging (DCA) to get a better average entry – don’t go ‘all in’ at one price point.
The ADA coin price went on to make new all-time highs in 2021 but many Cardano investors would have capitulated and sold their ‘bags’ during the multi-year bear market between those two bull cycles. Some new additions to the Cardano community will have bought the top at $3 and now be wondering if Cardano will go up in 2022 or if they should sell now.
In the past 12 months the Cardano price is down a little under 30%, but from its peak has corrected 75%.
Cardano price chart 2022Cardano price chart 2022
Cardano price history 2021 – 2022
If it does retrace to the $0.3 support level – where it opened for trading on Binance when it was first listed there – it will have repeated past price history and fully retraced a bull cycle.
If it then repeats its past bullish performance – in a fractal pattern – and the top of the next bull run for Cardano is again 3x higher the previous one, that would put Cardano at $10.
Josh Enomoto, a former senior business analyst for Sony Electronics who has worked with Fortune 500 companies, wrote in Nasdaq.com that it’s not ‘out of reach‘ for Cardano to break the ‘double-digit threshold‘.
He made that case back in May 2021, and even speculated on an ADA price of $22 by the end of 2022, and potentially $100 by the end of 2027. Altcoins do trend very strongly in both directions, up or down. We’ll analyze that Cardano forecast below and make our own Cardano price predictions.
You can also get Cardano price predictions today at eToro, an FCA regulated crypto platform and social trading network where professional traders share their insights and investors have the option to copytrade them or their portfolio allocation.


Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
For the Nasdaq analyst’s Cardano forecast of $10 in 2022 to play out at this point, it would likely require the current red monthly candle on the Cardano price chart to close green, leaving only a wick and short deviation below support – a ‘fake out’ to the downside before reclaiming $1.
That would be achievable if Bitcoin were to move up to $48,000 (25% higher) over the next month or two – achievable if a ceasefire in Ukraine is reached after talks between world leaders.
Alternatively the Cardano upgrades could increase investor confidence in ADA enough for it to decouple from Bitcoin and move up on its own. However it happens, ADA would need to get back above $1 as soon as possible and rally to test the $1.50 – $2 level – that’s possible based on the chart even as part of a short squeeze and putting in a lower high before further downside – shorts rarely get a free ride all the way down.
Update – shortly after this post Bitcoin pumped 12% back to $42,500 (Cardano hitting $0.85), after it emerged Biden’s call for crypto regulation wouldn’t be too excessive, although it did then retrace to $39,000. The current crypto market conditions are choppy.
Then Cardano would need to go on a 5 – 6x bull run the remainder of the year sparked by news of all its upgrades being successfully implemented and the optimizations being noticeable, and target $10. That kind of price expansion has happened before in Cardano’s price history.
Reaching $22 by the end of 2022 seems very unlikely however – an almost 30 fold increase in its market capitalization ($27 billion) to reach that price would actually see Cardano flip Bitcoin – slightly overtaking its marketcap ($734 billion). Prominent crypto trader @Pentosh1 did predict Bitcoin’s market cap will be flipped by another coin by the end of 2022, however that was Ethereum and the ‘flippening‘ narrative.
In the short-term bearish case, it could take until 2023 for Cardano to flip the $1 level back to support, as we marked out on our Cardano crypto price chart. Historically Cardano has been slow to implement fundamental updates on its roadmap, or see the benefits of them.
The Cardano community has also been the target of FUD (fear, uncertainty and doubt) on social media. Founder Charles Hoskinson once commented: ‘You don’t see this in other industries. You don’t see in physics or biology, or cellphone manufacturing, or whatever, pick an industry, the amount of tribalism, hate, and vitriol that our industry has for each other.’
Cardano founderCardano founder
Charles Hoskinson featured on the eToro blog
Investor Place has warned in a market insight a recession may also be coming, which would not bode well for the financial markets especially more ‘risk on’ assets like altcoins. In bear markets coin prices still don’t move up in response to positive news updates.
In the most bearish case, Cardano could enter another multi-year bear market in a sideways trading range under $1, if it needs more time to accumulate before the next cycle. The advantage of that is that the longer the accumulation, the more explosive the upward move.
On our Cardano price prediction chart, we marked out the previous support level at $1, which was retested five times by monthly candles in 2021. It could take a similar period of time to flip that as support again, before going up to test the $2 level.
Closing a monthly candle above $2 would be strong signal of bullish continuation as it would only be the third monthly candle in Cardano’s price history to close there, and we’d favour bulls over the bears for a retest of the ATH by the end of 2023, if it manages to break $2 in 2023.
The next Bitcoin halving is projected to take place in March 2024, and the 2021 crypto bull run took place shortly after the 2020 Bitcoin halving. That saw Bitcoin move past its previous top of $20k to $69k, and the total crypto market cap go from $1 trillion to $3 trillion.
Assuming Cardano holds its relative value vs Bitcoin on the ADA / BTC pair – now 0.00002 – then if the Bitcoin price one day hits $500,000k as some investors predict, that would put the ADA coin price at $10.
That’s based on Cardano not underperforming or outperforming Bitcoin from this point in time onwards, only holding stable in relation to it – 0.00002 ADA / BTC is an important historical confluence level, being support in 2018, resistance in 2019 and 2020, then support again in 2021.
Cardano vs BitcoinCardano vs Bitcoin
ADA / BTC price chart
Our thesis is that Bitcoin is Gold 2.0, that it will disrupt Gold as a store of value. If it does that, it has to have a market cap of $9 trillion, so we think it could price one day at $500,000 per Bitcoin.” – the Winklevoss twins, speaking to Business Insider in 2020.
Tyler and Cameron Winkelvoss, founders of Gemini exchange, became billionaires through investing in Bitcoin after – allegedly – Mark Zuckerberg stole the idea for Facebook from them at Harvard. The social media giant has since rebranded to Meta, and metaverse crypto projects have entered the markets.
Alternatively, ADA / BTC could retest its previous ATH of just under $0.0009 while Bitcoin was at just over $100k – that would also place the ADA coin price at $10. Therefore in the long term, $10 does seems achievable for Cardano.
Many decentralized finance projects continue to be built on the Cardano blockchain, and Layer-2 (L2) DeFi coins run those Cardano DeFi projects. More than 20 million tokens have been produced on Cardano, many of which are NFTs (non-fungible tokens).
Cardano has lower gas fees than Ethereum so is a growing part of the NFT market. It has at points been hailed as an ‘Ethereum killer’ that could flip ETH in marketcap one day – it would do that at a price of $10, assuming the Ethereum price remained stable.
Cardano announced a partnership with esports and gaming platform Rival to develop NFT marketplaces and platforms, giving a boost to the NFT space.


Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
The most optimistic bullish Cardano price prediction would have it flipping ETH as some predict, and then flipping BTC if Bitcoin dominance and market share drops as DeFi, NFTs and the Metaverse take over the crypto space.
Alternatively both ETH and ADA could flip BTC. There is already a Metaverse – a virtual world – built on Cardano, called Pavia, although the project is in its early stages of development, and several of the best Metaverse coins run on Ethereum.
Cardano with a $1 trillion market cap would for example put it at a price of $30, and if Cardano overtakes the marketcap of Gold (today $13 trillion) as the Winklevoss brothers predicted for Bitcoin – that would mean an ADA coin price of approximately $400.
Cardano has had an almost $100 billion marketcap in the past, at its ATH, noted at the time by Investor’s Business Daily. A return to that historical valuation would result in an ADA coin price of $3 again. At that time it was the third largest cryptocurrency – currently that position is held by stablecoin Tether (USDT) with an $80 billion marketcap.
In the most bearish case, developments to ETH 2.0 could improve gas fees and transaction speeds of Ethereum, removing some of the use case of Cardano. Other altcoins and Layer-1 (L1) crypto projects can also compete with ADA to be an ‘Ethereum killer’, for example Solana.
Cardano vs EthereumCardano vs Ethereum
Cardano vs Ethereum – a Cardano price prediction may depend on ETH’s upgrades
Also all altcoin projects can potentially be abandoned by developers. Unlike Bitcoin, whose creator Satoshi Nakamoto is a mystery, altcoins have routinely died and never recovered, when their developers moved onto other projects – e.g. Litecoin has been in a bear market versus BTC for four years since founder Charlie Lee left and famously sold his coins at around the $400 level.
Cardano is still 4000% higher than its initial trading price – some altcoins have dropped 90% and then another 90% on top of that, it’s not unheard of in crypto. That kind of price crash would put Cardano back at $0.02, although it is unlikely to happen given the range of crypto projects running on Cardano.
It would need a black swan event affecting the entire crypto markets, and even those can be temporary – after the March 2020 ‘Covid crash’ where BTC dumped to $4000, crypto rallied to new highs within months.
One point of view is that the lower a crypto asset goes, the higher it can then go – as longs are liquidated and more of the asset can be held by ‘diamond hands’ holders that buy the dip to low prices and will never sell. The pandemic crypto crash may have been the catalyst allowing it to reach new highs.
Founded in 2014 by Charles Hoskinson and Jeremy Wood, Cardano is an open source, decentralized, third-generation proof-of-stake blockchain project intended to be more efficient, scalable and environmentally-friendly than proof-of-work (PoW) networks like Ethereum.
That’s a mouthful, but its basic aim and mission statement is to provide financial services – including peer-to-peer (P2P) payments using its native cryptocurrency ADA, smart contracts and Dapps – to an unbanked population of the globe, which it has termed ‘RealFi’.
Smart contracts give anyone access to banking using a public, decentralized ledger, removing middlemen, bankers and brokers like Western Union or Paypal – Paypal stocks crashed 25% in their worst-ever trading day in February 2022, losing $50 billion in valuation.
So Cardano is a central part of decentralized finance, gaining ground on traditional financial institutions and within DeFi itself. Ethereum at one point had an almost 100% dominance and market share within DeFi, which has since lowered to 70% due to Cardano, Solana and Polkadot picking up momentum.
In an IOHK blog Cardano announced their partnership with the Ethiopian Ministry for Education to ‘create a national attainment recording system to verify grades, monitor school performance and boost nationwide education‘.
Cardano PartnersCardano Partners
They are also now collaborating with World Mobile in Tanzania to ‘connect the unconnected‘ and enable access to essential online services through blockchain.’
Cardano is also associated with the World Economic Forum (WEF) and involved in creating a digital ID system. That has met with some controversy – CIGIOnline.org reported on Cardano’s blockchain-based digital identity pilot involving five million Ethiopian students.
The non-profit Cardano Foundation has also announced strategic partnerships with global land restoration and tree planting verification companies (e.g.Veritree), using blockchain tech to provide immutable, transparent reports of reforestation efforts – with a lower carbon footprint than other blockchains.
Alongside climate change and sustainable development concerns, ADALend is Cardano’s decentralized lending protocol governed by DAO (decentralized autonomous organizations), another important business application of DeFi.
ADALendADALend
With decentralized crypto loans, loan approval is instant without credit checks, not over-collateralized, and the whole process is automatic and streamlined with trustless custody and lower interest rates.
In the short-term crypto prices can fluctuate between support and resistance levels regardless of what’s happening behind the scenes. Swing traders simply look at price action (PA), apply technical analysis (TA) and ‘trade the chart’.
Whales can also manipulate token prices to find liquidity – areas where other traders are stopped out, compelled to panic sell, or liquidated – a liquidation cascade of long positions allows them to fill large orders, then price moves up again once selling pressure is absorbed.
Long-term investors should be more concerned with fundamental analysis (FA) such as an increase in addresses on the network and total value locked (TVL) signalling greater mass adoption of a crypto project.
According to IntoTheBlock data a Cardano price prediction piece on Capital.com, 112.5 new addresses were created on the Cardano network in early 2022, an increase of 167% which generally precedes price volatility.
CEO of the Cardano Foundation Frederik Gregaard stated in mid 2021 that the Cardano blockchain project aims to onboard as many as 50 banks and 10 Fortune 500 companies over the next years up to 2026.
Gregaard made a formal presentation uploaded on public Cardano social media channels including this Youtube video, discussing how he wanted to enable banking institutions to use its utility token.
FCA, ASIC and CySEC regulated crypto platform eToro makes it possible to buy, sell and trade Cardano, and has educational material for beginners learning to trade and invest.
As a social trading platform all users have a Facebook style wall and news feed they can post their thoughts on the market too, so you can bounce Cardano price predictions off other users on the platform.
Professional investors and traders can join the popular investor program and receive payment for allowing others to copytrade them. If you’re just getting started with crypto investing you can copy the buys and sells of these pro traders – the top 50 copied traders had an annual ROI of 30.4% in 2021.
Where to invest in CardanoWhere to invest in Cardano
‘What is Cardano’ guide on eToro
You can also diversify your portfolio by investing in Bitcoin or using a Smart Portfolio of altcoins, part of which could be Cardano alongside other L1 protocols like ETH, SOL, or DOT.
eToro also supports Cardano staking (alongside ETH and TRX) – holders of ADA on the platform receive automatic staking rewards based on a daily snapshot of the holdings in their balance. So when you buy Cardano and secure it in their free wallet you generate a crypto passive income.
Read more on our crypto staking platform comparison page and our how to buy Cardano guide. eToro also support stocks trading so while there are no ‘Cardano stocks’ or ‘Cardano stock price’ per se you can invest in crypto related stocks like Coinbase stocks ($COIN) – Coinbase exchange had an IPO in 2021 and became a publicly traded company.



Cons




Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Blockchain technology does not appear to be going away and Cardano has stood the test of time. First presented at Crypto 2017 an international cryptology conference, it is the first blockchain to use a provably secure, proof of stake algorithm academically peer-reviewed by leading cryptographers.
Cardano is one of the most-well established cryptos and potentially a good investment for the long-term based on their business partnerships and ADA’s real-world decentralized applications.
For investors preferring to get in early on a crypto project new in 2022, Lucky Block is a low cap coin with a similar decentralization theme, focusing on the global lottery market. This is our recommended best crypto to invest in.
Lucky Block is a blockchain-enabled crypto-lottery platform, on the Binance Smart Chain. Its native coin is LBLOCK, currently ranked #3128 on Coinmarketcap – its market capitalization has room to grow, already making presale investors a 40x return on investment (ROI) since launching on decentralized exchange Pancakeswap on Jan 26th, 2022.
Lucky Block best cryptoLucky Block best crypto
Its whitepaper lays out how LBLOCK token holders and owners of its NFTs can earn passive income in the form of partial jackpot prizepool redistributions – the larger the holdings, the higher the yield.
Lucky Block’s Telegram group grew to 41,000 members after the London, UK based company was featured in TheExpress as a potential rival to the EuroMillions and National Lottery.
To buy LBLOCK follow these steps:


Cryptoassets are a highly volatile unregulated investment product.
Given its potential to democratize finance and realise a new world of decentralised applications, Cardano price predictions in the double and triple digits are not out of the question. Those high price targets may take time to play out however as Cardano is already a top 10 crypto by market cap.
By Coinmarketcap.com rankings, ADA is the 8th largest crypto. While writing this post the Cardano market capitalization increased $1.5 billion to reach $28.5 billion, and the Cardano (ADA) price moved up to $0.85.
Alongside Ripple (XRP) it is one of two cheap cryptos to buy under $1 in price, although the total supply and circulating supply are important metrics to understanding token prices and making Cardano price predictions – ADA has a total supply of 45 billion coins, of which 33.6 billion are currently in circulation.
Coins with high supply are harder to pump in price – the law of supply and demand. BTC has a higher price now partly due to its max supply of 21 million coins. On the other hand ADA would only need to reach $10 – $25 per coin to have a higher market share of the total crypto space than ETH and BTC respectively.
An alternative altcoin that may see price discovery sooner given its low marketcap, is Lucky Block. Recently featured on Nasdaq.comYahoo Finance and other media the project aims to create a worldwide decentralized crypto lottery with fairer and more transparent gaming odds for players, a ‘lottery owned by the people, for the people‘ that also provides a passive income stream for holders of its token LBLOCK.
Update – at the March 16th FOMC meeting the Fed announced they would raise interest rates by six basis points, and both stocks and crypto including altcoins rallied in response to the news. Investors may now be more prepared to buy risk on assets.
lucky block logolucky block logo


Cryptoassets are a highly volatile unregulated investment product.
If the next crypto bull run does take place after the next Bitcoin halving and Bitcoin reaches valuations of e.g. $500k and the total crypto market cap around $10-11 trillion to match Gold, that would put the ADA coin price at $10. Alternatively ADA could reclaim the #3 spot on Coinmarketcap (which it has held before) needing to overtake LUNA, XRP, USDC, BNB and USDT to achieve that again.
When it hit $2 in August 2021, Cardano had a $64 billion market cap according to Decrypt, and overtook Tether (USDT) and Binance Coin (BNB) to be the third largest cryptocurrency by market cap. Then when it hit $3.10 in September 2021, it had an almost $100 billion market cap according to Investor’s Business Daily, remaining #3 on Coinmarketcap only behind BTC and ETH.
When it first launched for trading in Q4 2017, just under $0.02 was its initial price, although the project was in development from since 2014. Bitcoin itself began trading at around $0.0008 in 2010.
If the ADA/BTC ratio also increases over the next bull run for crypto due to Cardano’s fundamental upgrades and increasing user adoption among institutions, the most optimistic long-term Cardano price forecast could be anywhere from $20 – $400. Whether that is a realistic Cardano price prediction may also depend on whether Ethereum outperforms Cardano in the future.
At the time of writing in March 2022, there are about 33.6 billion ADA in the circulating supply, out of a maximum supply capped at 45 billion, meaning 11.4 billion ADA are left. That is lower of a remaining percentage than for example XRP which has a 100 billion max supply and 48 billion in circulation.
Based on its roadmap, strategic partnerships, global business applications and loyal online community, Cardano has shown itself to be a good investment in the long-term, being around in the cryptocurrency industry longer than most crypto projects and even many crypto exchanges. From a technical analysis standpoint, a 75% retrace from ATH has historically been a positive expectation entry point, so now could be a good time to buy – only invest what you can afford to lose or ‘sit on your hands’ and hodl (hold onto) if a Cardano bear market does arise.
  This article was written for Business 2 Community by Michael Abetz.
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Lamina1 Presents Inaugural “Open Metaverse Conference” Connecting the Worlds of Blockchain and the Metaverse for a Next-Gen Internet – Business Wire

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Featuring a keynote from co-founder and futurist Neal Stephenson, the first-of-its-kind event aims to empower creators and coders to build the Open Metaverse together
LOS ANGELES–(BUSINESS WIRE)–Lamina1, a Layer 1 blockchain optimized for the Open Metaverse, today announced its role as founding sponsor of the Open Metaverse Conference, a first-of-its-kind industry event bringing together the worlds of the Metaverse and Web3 to build a more open and immersive Internet. The two-day conference will take place from February 8-9, 2023 in Los Angeles, California, and will gather experts and builders spanning Metaverse experiences, Web3, and entertainment.

Co-founded by Neal Stephenson, renowned futurist and science fiction author who originally coined the term “Metaverse,” and cryptocurrency pioneer Peter Vessenes, founder of the first VC-backed Bitcoin company, Lamina1 will provide the infrastructure to empower rapid expansion of the Open Metaverse. As the founding sponsor of the Open Metaverse Conference, Lamina1 will provide a forum for critical conversations around identity, privacy and interoperability, while exploring how audience engagement, creative storytelling, and the technicalities of blockchain can work hand-in-hand to make the vision of the Open Metaverse a reality.
The Open Metaverse Conference will feature keynotes from renowned technologists and storytellers who are pioneering visions for the next era of the Internet. Attendees will hear from Lamina1 co-founders Neal Stephenson and Peter Vessenes, as well as Philip Rosedale, founder of virtual world Second Life (Linden Lab) and co-founder of virtual platform High Fidelity, John Gaeta, Oscar-winning VFX pioneer (The Matrix) and CCO of character persona company Inworld AI, Cathy Hackl, Metaverse and Web3 strategist and founder of design consultancy Journey, and other industry crossover leaders to be announced. Keynote sessions will be complemented by diverse speakers and side events spanning games, art, entertainment, and commerce. To connect these key areas of culture with the technology that enables them, the Open Metaverse Conference will also facilitate technological deep dives for attendees from leaders in Web3, immersive computing, and technology standards groups. Presenting partners include the Metaverse Standards Forum, the Open Metaverse Interoperability Group, and the Open Metaverse Alliance for Web3 (OMA3), all organizations fostering interoperability.
“We are at a moment in time when developers, creatives, and producers can finally design the seamless and persistent experiences we’ve dreamed about,” said Jamil Moledina, Vice President of Games Partnerships and Media at Lamina1. “The Open Metaverse Conference will serve as the big tent for everyone who’s thinking about creating never-before-possible experiences that allow creators and consumers to enter unique virtual worlds on a level playing field.”
“OMA3 is pleased to collaborate with Lamina1 and the Open Metaverse Conference in promoting interoperability,” said Robby Yung, CEO of Animoca Brands. “OMA3 looks forward to developing talk tracks to encourage the creation of a more open and immersive internet.”
The conference will encourage interdisciplinary dialogue through debates, pitch sessions, roundtable discussions, and networking opportunities to help drive new ideas and connections.
“We felt a real sense of urgency to facilitate discussion with our colleagues and creators across the spectrum,” said Rebecca Barkin, President of Lamina1. “We know that the Open Metaverse will be built collaboratively and with a set of shared values, and we’re happy to provide this forum to address the needs of the community and to solve big problems together.”
For more information on the Open Metaverse Conference, visit www.openmetaverseconf.com.
About Open Metaverse Conference 
The Open Metaverse Conference (OMC) is an industry-first event presented by Lamina1 focused on bringing together the Metaverse and blockchain technology. The conference gathers key stakeholders spanning developers, creatives, producers, product owners, and executives to ask and address big questions around the development of a truly Open Metaverse that leverages open-source, collaborative principles and blockchain decentralization.
About Lamina1 
Lamina1 is a Layer1 blockchain optimized for the Open Metaverse. The brainchild of legendary futurist Neal Stephenson (who first conceptualized the term “Metaverse” in his 1992 best-selling novel Snow Crash) and Peter Vessenes, a foundational leader in the crypto space from the early days of Bitcoin – Lamina1 is on a mission to deliver the blockchain technology, interoperating tools, and decentralized services that will establish it as the preferred destination for creators building a more immersive Internet. It is the first provably carbon-negative blockchain in the world.
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Facebook Founder, Zuckerberg Drops Out Of 10 Richest Men After Losing Half Of Fortunes – SaharaReporters.com

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According to Forbes, the Facebook founder has lost more than half his fortune—a staggering $76.8 billion—since September 2021, dropping him from No. 3 on The Forbes 400 list of the U.S.’ wealthiest people to No. 11. Worth $57.7 billion on this year’s list.
 
Meta chief executive officer, Mark Zuckerberg has lost his spot in the list as one of the 10 richest people in America.
According to Forbes, the Facebook founder has lost more than half his fortune—a staggering $76.8 billion—since September 2021, dropping him from No. 3 on The Forbes 400 list of the U.S.’ wealthiest people to No. 11. Worth $57.7 billion on this year’s list.
Zuck trails Walmart heir Jim Walton, former New York City mayor Michael Bloomberg and other tech moguls such as ex-Microsoft CEO Steve Ballmer and Google founders Sergey Brin and Larry Page. No one in America has lost as much money over the past year as Zuckerberg.
He has the cratering stock price of Meta (formerly Facebook) to thank for his exit from the top 10. Shares have plunged 57% since last year’s Forbes 400, which used stock prices from September 3, 2021. Tech stocks are generally in a slump with the market downturn, but Meta’s fall outpaces both the Nasdaq (-9.8%) and the S&P 500 (-13.5%), as well as Microsoft’s 14% decline, Google-parent Alphabet‘s 25% drop and Amazon’s 27% dive.
Investors are spooked by a privacy policy update from Apple last year that made it harder for tech companies to track users across apps, impacting Meta’s ad sales. Meta reported its first-ever quarterly revenue decline in July–a 1% drop, to $28.8 billion.
“Facebook makes most of its money from advertising, and now it just doesn’t have that data anymore,” says Mark Zgutowicz, an analyst at research and investment banking firm Benchmark.
“All those data signals went away, which basically means that advertisers are having trouble telling whether a campaign was successful or not.”
Compounding the problem for Meta, TikTok is luring away advertisers, along with lucrative Gen Z and millennial users. In February, Meta announced its first-ever quarterly loss of daily active users. A recent internal report showed that Meta’s TikTok clone, Instagram Reels, is struggling to compete, according to Wall Street Journal report.
Under normal circumstances, a slight dip in revenue might be manageable, but Meta is also investing heavily in virtual reality and the metaverse, which is dragging down operating profit. In 2021, the company’s metaverse division, Meta Reality Labs, lost $10 billion. While the metaverse is all Zuckerberg wants to talk about, investors are less enthusiastic so far. “It’s a long tail investment and, for now, it’s kind of a cash suck,” Zgutowicz says.
Zuckerberg first became a billionaire in 2008, just four years after founding Facebook. At 23, he was the youngest self-made billionaire at the time, debuting at No. 321 on The Forbes 400, worth $1.5 billion. By 2011, Zuckerberg’s net worth had increased nearly 12 fold to $17.5 billion.
This year isn’t the first time Zuckerberg’s net worth has taken a dive. After Facebook’s famously disappointing IPO in 2012, Zuckerberg fell from No. 14 to No. 36 on The Forbes 400. But it didn’t last long. The following year, Zuckerberg bounced back and, up until now, his fortune has continued to climb. Despite the litany of controversies and scandals plaguing the company, Facebook’s ad machine had reliably churned out enough money to impress investors, sending Zuckerberg’s net worth soaring to $134.5 billion last year, his highest net worth ever.
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Disney CEO Bob Chapek plotting a metaverse for Disney+ that will recreate their parks online – Daily Mail

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By Alex Oliveira For Dailymail.Com
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Disney is plotting a metaverse that would let people experience the most magical place on earth without ever setting foot in the theme park.
CEO Bob Chapek said the media giant’s metaverse would exist on its streaming platform, Disney+, and allow ‘the 90 percent of people that will never ever be able to get to a Disney park,’ to experience it in virtual reality.
‘We call it next-gen storytelling’ Chapek said in an interview with Deadline, noting that he didn’t like use the phrase metaverse ‘because it has a lot of hair on it.’
But regardless of whatever Chapek prefers to call the planned platform, many have responded by calling the move out of touch with Disney’s fanbase, and argued that if the parks stopped hiking prices more people would be able to visit.  
The move comes as Chapek – who took the helm at Disney in 2020 – struggles to make a name for himself in the shadow of his innovative predecessor, Bob Iger, and keep afloat amid controversies ranging from the park’s rising prices, to Disney’s stance on Florida’s Don’t Say Gay bill. 
Just last week, Chapek broke a months-long silence on an apology he issued in an attempt to quell Disney staff who were outraged by his failure to speak out against the controversial bill last spring, saying he chose to remain mum on the matter because he didn’t want to get Disney caught in a ‘political subterfuge.’ 
Disney CEO Bob Chapek said the media giant’s metaverse would exist on its streaming platform, Disney+, and allow people to experience park rides in virtual reality
Disney’s metaverse move comes as Chapek – who took the helm at Disney in 2020 – struggles to make a name for himself in the shadow of his innovative predecessor, Bob Iger
Chapek characterized the Disney metaverse as a way to experience the theme parks for the multitudes of people who are unable to actually make the trip in person.
‘We wish every person would have the opportunity to come to our parks, but we realize that’s not a reality for some people,’ he told Deadline, ‘we have before us an opportunity to turn what was a movie-service platform to an experiential platform and give them the ability to ride Haunted Mansion from a virtual standpoint.’
He said metaverse users would have an experience beyond what regular parkgoers have, and be able to step out of the ride-cars to explore sets and interact with characters. 
‘Maybe we’ll give them the opportunity what every single person in the park wants to do, and unfortunately too many of them do it, just to get off the attraction. See how it works, see how those ghost dancers move,’ he said. 

But many responded to the news by saying if Disney would just stop raising its prices, more of those 90 percent of people who cannot visit the parks would be able to.
‘Damn Disney. Just say it direct like that,’ wrote tech critic Juan Carlos Bagnell on Twitter, ‘90% of the HUMAN POPULATION is too poor to visit our parks, but hopefully some are less-poor-enough to own VR goggles and ride our rides in a metaverse clone…’
Commenters on the Deadline interview were equally unimpressed, with one saying ‘The reason 90% of people may not be able to experience the parks is because you keep hiking the cost of GOING to the parks beyond what most people can actually afford, Bob.’
‘Costs are up at the parks. Moral appears to be down. Iger had imagination and could adapt,’ said another.

Disney park prices have skyrocketed since Chapek was fully given charge at Disney in 2022. At California parks, ticket prices jumped 6 percent to $164 for single-park passes, while the price of getting into more than one park over the course of a day rose 9 percent to $319.
At the Florida parks the price to get into the park after 2pm rose to $169, while before 2pm fans were asked to fork over $194. Those prices could also rise based on an increased demand on any day.
‘If you’re the kind of person that budgets or saves for vacations, Disney Parks aren’t for you any longer,’ wrote a fed-up customer on Reddit, ‘That’s a Premium Physical Experience, and there’s plenty of national and international wealthy families to afford going indefinitely.’
And in August, as inflation scorched the US economy, Chapek warned those prices could continue to rise.
‘It’s all up to the consumer,’ he said, according to The New York Post, ‘If consumer demand keeps up, we’ll act accordingly.’
Disney’s metaverse would allow people to experience park rides like the Haunted Mansion without ever setting foot in Disney World
Chapek noted the virtual reality experience could go beyond simply sitting in the car and experiencing the ride the way park-goers do, but would allow people to step off of the tracks and explore the ride sets up close
Chapek has hardly been the happiest CEO on Earth since he took the reins at Disney.
After beginning his tenure in February, 2020, he was thrust immediately into the chaos of navigating Disney through the perils of the pandemic, which saw the media company’s primary revenue streams – theme park revenue and movie theater tickets – vanish like a pair of glass slippers at midnight.
To help steady the ship, Iger – much to Chapek’s ire, reportedly – was kept on in a leadership position through 2021.
But as soon as Chapek was given full control in 2022 his price hikes had customers raising eyebrows about whether he was up to the same scratch as the visionary Iger.
Those doubts were doubled-down on by Disney staff after Chapek decided to remain quiet on Florida’s Don’t Say Gay bill, a law which barred schools from discussing sexuality or gender with children between kindergarten and third grade.
Many Disney employees viewed the law as homophobic and an affront to the inclusive values of Disney, and publicly voiced their outrage that Chapek did not speak out against it.
Chapek said the metaverse would also work in conjunction with real-world visits to Disney theme parks
Disney is plotting a metaverse that would let people experience the most magical place on earth without ever setting foot in the theme park
He later apologized to staff, publicly decried the bill, and announced Disney had paused all its political donations within Florida.
Last week, Chapek addressed that apology for the first time since he issued it, saying he had struggled to balance the needs and beliefs of every one of his employees and customers.
‘What we try to do is be everything to everybody,’ Chapek told The Hollywood Reporter in a recent interview, ‘That tends to be very difficult because we’re The Walt Disney Company.’
‘We certainly don’t want to get caught up in any political subterfuge, but at the same time we also realize that we want to represent a brighter tomorrow for families of all types, regardless of how they define themselves,’ he said.

Published by Associated Newspapers Ltd
Part of the Daily Mail, The Mail on Sunday & Metro Media Group

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