Crypto Will Be the Currency of the Metaverse. Coinbase Could Benefit.

Facebook ‘s transition to a “metaverse” company should be broadly positive for tokens that are likely to be used as currencies in new online gaming and e-commerce worlds.

Multiple companies and cryptos could benefit from the metaverse—a broad concept for a new generation of immersive virtual worlds where people will be able to work, play games, conduct e-commerce, and interact socially.

The concept got a big vote of confidence last week, when Facebook (ticker: FB), announced that it would transform into a metaverse company and rename the company as Meta Platforms (while keeping the Facebook name for its core social media platform).

Investors in Meta liked the idea. Shares are up more than 5% since the announcement last Thursday.

Source: https://www.barrons.com/articles/crypto-will-be-the-currency-of-the-metaverse-coinbase-could-benefit-51635782938