Shark Tank’s Kevin O’Leary Exploring Ethereum (ETH), Polygon (MATIC) and These Two Altcoins As Metaverse Bets

Must read

How the Metaverse could impact the lives of kids

The Metaverse is a virtual environment where people can carry out various tasks. The term “metaverse” was a term originally coined...

6 Questions for Dominik Schiener of the Iota Foundation

We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to...

Ethereum in danger of 25% crash as ETH price forms classic bearish technical pattern

Ethereum's native token Ether (ETH) looks ready to undergo a breakdown move in May as it forms a convincing "bear pennant" structure.ETH price to...

Welcome to Mars: I own everything, have total privacy and life has never been better

This is a parody of the article published by the World Economic Forum titled “Welcome to 2030. I Own Nothing, Have No Privacy And...

Shark Tank investor Kevin O’Leary says he is investing in metaverse altcoins as the nascent crypto sector takes off.

In a new interview on Kitco News, the celebrity investor says he considers Ethereum (ETH), Polygon (MATIC), Hedera (HBAR) and Helium (HNT) to be the software that the metaverse will be built on.

“If you’re willing to buy a Facebook, a Google or Microsoft, that’s all software. And the metaverse is just software, so I’m starting to take positions in some of these big platforms where the metaverse is going to live like in Polygon and HBAR and Ethereum.

Bitcoin itself is just software. It’s not a coin, so I keep telling people if you’re willing to invest in traditional software as service companies like Microsoft, why aren’t you investing in Ethereum? Why aren’t you investing in Polygon and HBAR and Helium and all of these different platforms?

I’ve got a pretty wide selection of these different software platforms not knowing which ones will be successful but it’s diversification.”

O’Leary comments that the metaverse could change the course of marketing products and brands.

“If you believe in the next three to five years when things continue to move online, particularly experiential advertising, you’re going to find that in the metaverse, where it’s going to manifest itself in gaming first and so we’re going to see a lot of gaming happen and esports is a big part of that. I think this is the direction it’s going in…

There are two directions of the metaverse: unruled, uncurated metaverse where if you’re a big brand, let’s say, Procter & Gamble, you can find yourself set up in the metaverse right beside a porn shop. That’s not going to happen in Facebook where they’re going to curate the metaverse. That may have more value long term because if I’m putting up a brand that I’m trying to protect, that means something to me, I don’t want to put it up beside a liquor store or porn shop or whatever else is on the metaverse that’s unregulated.”

I

Check Price Action

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Check Latest News Headlines


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Mia Stendal

More articles

Latest article

How the Metaverse could impact the lives of kids

The Metaverse is a virtual environment where people can carry out various tasks. The term “metaverse” was a term originally coined...

6 Questions for Dominik Schiener of the Iota Foundation

We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to...

Ethereum in danger of 25% crash as ETH price forms classic bearish technical pattern

Ethereum's native token Ether (ETH) looks ready to undergo a breakdown move in May as it forms a convincing "bear pennant" structure.ETH price to...

Welcome to Mars: I own everything, have total privacy and life has never been better

This is a parody of the article published by the World Economic Forum titled “Welcome to 2030. I Own Nothing, Have No Privacy And...

Binance CEO CZ to support Terra community but expects more transparency

Pointing out the potential issues with forking Terra, CZ said that “Minting, forking, don’t create value.” 23086 Total views 60...