kaal:claim:5454054-005
The collapse of the metaverse boom forced Silicon Valley firms with metaverse exposure to pivot toward stablecoins and crypto-based rewards, replacing speculative virtual worlds with regulated, utility-centric fintech rails.
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Following the 2021–2022 metaverse boom and bust in 2023, those Silicon Valley firms that had a presence in attempts to create the metaverse had to pivot. That pivot for many of those firms involved a move toward stablecoins and crypto-based rewards.
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