1. Britcoin -
"The Bank of England reports that around 95 per cent of the funds that people hold to make payments are now held as bank deposits rather than cash. This, combined with the increasing interest in digital assets like cryptocurrencies, means that surely now is as good a time as any to be thinking about the digital pound, and whether the UK will introduce a central bank digital currency (CBDC) in the near future." As countries start to look at digitisation of assets, the application of technology in these spheres, the UK looks likely to follow this route despite the UK being ahead in fintech in many ways. Just goes to show how funding and government backing can point industry in a specific direction. How likely is a ‘Britcoin’?
2. The Trillion Dollar Opportunity of the Metaverse -
Great report from Greyscale on the Metaverse. The report hypothesizes that opportunity will arise from the intersection of trends in gaming and lifestyle and looks at blockchain’s potential to provide infrastructure for digital worlds. People are spending more and more time online, and they concurrently spend money to build social status within these new paradigms. And the largest opportunity will be in games - going from $180bn in 2020 to $400bn in 2025.A must read! The Metaverse