Home Crypto Bitcoin The Rise of Metaverse Fuels DeFi, Crypto, and Blockchain

The Rise of Metaverse Fuels DeFi, Crypto, and Blockchain

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The Metaverse Explained

Metaverse, a digital place where people work, play, and socialize, could soon be upon us with Facebook (now called Meta) leading the way. But like any breakthrough industry, there is rarely one party that rises to meet the future. One company, Wolf3D raised $1.3 million for Ready Player Me, a cross-game avatar platform for the Metaverse. At the same time, MetaLaunch (ASVA) gained $3.2 million in seed funding and private investment. And that’s not all. According to Crunchbase, many venture capitalists will spend billions more to make the metaverse the new reality. This new iteration of the internet could create enormous opportunities for DeFi companies like WonderFi Technologies (NEO:WNDR) (OTCPK:WONDF), DeFi Technologies Inc. (NEO:DEFI) (OTCPK:DEFTF), Voyager Digital (TSX:VOYG) (OTCQX:VYGVF), Coinbase Global (NASDAQ:COIN), and Hive Blockchain Technologies Ltd. (NASDAQ:HVBT) (TSXV:HIVE), given that Metaverse tokens (MANA, GALA, etc.), the new digital currencies will be mainly transacted by DeFi infrastructure.

DeFi technology company WonderFi Technologies (NEO:WNDR) (OTC:WONDF) just made a huge step toward democratizing finance through easy and secure access to DeFi and crypto after signing a definitive agreement to acquire First Ledger Corp., the parent company of Bitbuy, Canada’s first approved crypto marketplace with over $4.4 billion transacted.

Founded in 2016, Bitbuy is a leading cryptocurrency platform founded in 2016 that has had over 350,000 users, more than $4.4 billion in transactions on the platform, and a revenue of more than $32.0 million in the year ended September 30, 2021. The platform became the first approved crypto marketplace in Canada in November 2021. The Deloitte Technology Fast 50™ program ranked the platform 9th.

This acquisition brings WonderFi closer to its goal of democratizing decentralized finance by providing easy and secure access to DeFi and crypto. This acquisition also brings new revenue streams to WonderFi as an approved crypto marketplace and an OTC trading platform for retail and institutional clients.

Through the acquisition, WonderFi will also gain Bitbuy’s users and more than $440 million assets from Bitbuy, in addition to owning the license and operating rights of Canada’s first crypto marketplace. Current Bitbuy users will have access to the WonderFi ecosystem and functionalities as well.

WonderFi will also expand its team by retaining Bitbuy’s employees upon closing the acquisition, which is expected sometime in Q1 2022.

Speaking of the partnership, investor and strategic advisor to WonderFi, Kevin O’Leary said, “This is a combination of two management teams with excellent executional skills that now have the bandwidth, assets, and licenses to provide an institutional-grade compliant crypto platform to investors interested in exposure to centralized and decentralized financial services.”

In addition, WonderFi Technologies (NEO:WNDR) (OTC:WONDF) announced on November 24, 2021 the listing of tokenized shares on FTX, a leading global cryptocurrency exchange founded by Sam Bankman-Fried, a well-respected entrepreneur named on the Forbes 30 Under 30. This is crucial because not only does FTX listing provide global access to WonderFi’s stock, it also provides FTX’s millions of users with the opportunity to invest in WonderFi through BTC, ETH, and other cryptocurrencies without a bank account.

For more information about WonderFi Technologies (NEO:WNDR) (OTC:WONDF), click here.

The Knightsbridge DAO

The Knightsbridge DAO is the first-of-its-kind, a DAO with a Broker, Exchange, Chain, Consultancy, Service Provider, NFT Hub and an extensive and growing portfolio of Tech, DeFi and real world assets.

The Knightsbridge DAO (Decentralized Autonomous Organization) as an organization represented by rules encoded as a transparent computer program, controlled by the organization members, and not influenced by a central government.

As the rules are embedded into the code, no managers are needed, thus removing any bureaucracy or hierarchy hurdles.

Taking the very best technology from a cross-section of industries to deliver the next step change in decentralization for financial services.

  • KNIGHTS is the Token controlling The Knightsbridge DAO
  • The Knightsbridge DAO taking Digitization on the road to mass adoption.
  • Creating a bridge that connects the Metaverse and the various Chains and Markets.
  • Available Q1 2022 on Exchanges
  • Buy 1 Knights and you will receive a free NFT at launch, buy 100 and your Knight will be a member of the court, buy 1000 and you will be at the Round Table.

UTILITY

The KNIGHTS token facilitates operations within the Ecosystem, and allows its users to benefit through many use cases:

  • Memberships / Subscriptions
  • Participatory in Environment Growth, Rewards DIRECT to your Wallet
  • Events (Virtual & In-Person)
  • NFT Entitlement
  • In-platform investments
  • NFTs:
    • Key Future Events:
    • – EARLY ACCESS will be released in Q-2 of Y 2022.
    • – NFTs will be released regularly on the marketplace months prior to the Early Access release.
    • – NFT Marketplace will be made available for both PC and mobile devices
    • – NFTs will generate passive rewards

METRICS

Knights Total Supply: 5,000,000

  • Decimals: 6
  • Initial SEED Price: 122 USD
  • Initial market cap: $610,000,000
  • Private Sale: 2% DRIP 12 months
  • Presale: 5%, $122, DRIP 9 months
  • Strategic Sale (Invite only): 1%, $250, Locked 12 months
  • Public Sale: 1%, $Market

Crowns

  • Total Supply: 1,000,000,000
  • Decimals: 6
  • Initial SEED Price: .122 USD
  • Initial market cap: $122,000,000
  • Private Sale: 2% DRIP 12 months
  • Presale: 5%, $.122, DRIP 9 months
  • Strategic Sale (Invite only): 1%, $.250, Locked 12 months
  • Public Sale: 1%, $Market

Our Pre-Sale is now live, DAOs are going to become very hot in Y 2022 even Meme Coins like SHIB are trying to get started. Us Knights have been in the space for a while now and are well established, we are preparing to dominate the DAO market with our services. 

So, join us and if you buy 1 Knights and you will receive a free NFT at launch, buy 100 and your Knight will be a member of the Court, buy 1000 and you will be at the Round Table.

Companies Continue to Vote Big on the Future of Crypto and DeFi

Shortly after DeFi Technologies Inc. (NEO:DEFI) (OTC:DEFTF) received approval to launch a Metaverse and Gaming Index ETP that allows investors to gain direct exposure across multiple metaverse-related and protocol-based projects through one investment, the company was approved to distribute its Top 10 Digital asset and Top 5 DeFi ETPs. Following this approval from the Swedish Financial Authority, DeFi Technologies’ wholly-owned subsidiary, Valour Inc. can distribute its digital assets and DeFi ETPs in the Swedish and EU markets. 

Voyager Digital (TSX:VOYG) (OTCQX:VYGVF), a fast-growing US crypto platform, announced its partnership with The National Women’s Soccer League. This partnership makes Voyager the league’s first-ever cryptocurrency brokerage, providing financial support, crypto education, and rewards directly to players. This creates long-term financial growth opportunities for players even after the end of their competitive playing careers. The company also announced an Automatic Securities Disposition Plan for its executives to permit trades to be executed based on pre-arranged instructions.

Crypto exchange platform Coinbase Global’s (NASDAQ:COIN) President and Chief Operating Officer, Emilie Choi participated in a fireside chat at the Goldman Sachs U.S. Financial Services Conference on December 7, 2021. In the fireside chat, Emilie commented on the growing popularity of crypto applications such as DeFi and NFTs and Coinbase’s position on these developments. Emilie highlighted the need to shift crypt from the financial speculation phase to a utility phase, which is a significant concept in Web 3.0.

Cryptocurrency mining company Hive Blockchain Technologies Ltd. (NASDAQ:HVBT) (TSXV:HIVE) announced the filing of a revised annual information form for the full year ended March 31, 2021. The changes in the annual information form include enhanced disclosure on the company’s crypto custodial services, description and general development, and a statement of executive compensation for the year ended March 31, 2021. The company filed the revised annual information form upon request by the British Columbia Securities Commission.

Companies like WonderFi are positioned to gain big as cryptocurrencies and decentralized finance continue to gain more use cases in the Metaverse.

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Cryptocurrencies, Decentralized processes and the ever widening impact of Blockchain are going to have a major impact on the way things are done, who does them and who makes the money. Where there were once huge barriers to entry, the door is now open. Individuals can now access income from the type of business once reserved for Institutions, Governments and High Net-Worth Individuals. They can through Blockchain, DeFi and P2P protocols became bankers participating in income from trading, brokerage, settlements, fees, mortgages, finance, margin lending and a host of other financial services.