{
 "@context": "https://schema.org",
 "@type": "Claim",
 "@id": "https://wulfkaal.github.io/claims/5454054-005",
 "identifier": "kaal:claim:5454054-005",
 "text": "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.",
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0009-0008-7840-1847"
 },
 "citation": "Wulf A. Kaal, Liquid Equity Rewards (2025). SSRN: https://ssrn.com/abstract=5454054",
 "isBasedOn": {
  "@type": "ScholarlyArticle",
  "name": "Liquid Equity Rewards",
  "datePublished": "2025",
  "url": "https://ssrn.com/abstract=5454054",
  "sha256": "9f53a865e6f0e5424640779df8f9b50923cd7d05649301dd4cc727144749b6e6",
  "encoding": "https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202025%20-%20Liquid%20Equity%20Rewards.pdf"
 },
 "keywords": [
  "tokenomics",
  "securities-law"
 ],
 "about": [
  "metaverse-pivot",
  "stablecoins",
  "loyalty-programs",
  "web3",
  "silicon-valley"
 ],
 "abstract": "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.",
 "additionalProperty": [
  {
   "@type": "PropertyValue",
   "name": "claim_type",
   "value": "mechanism"
  },
  {
   "@type": "PropertyValue",
   "name": "confidence",
   "value": "argued"
  },
  {
   "@type": "PropertyValue",
   "name": "scope_conditions",
   "value": [
    "firms that had invested in metaverse ventures during 2021 to 2022"
   ]
  },
  {
   "@type": "PropertyValue",
   "name": "is_failure_mode",
   "value": false
  },
  {
   "@type": "PropertyValue",
   "name": "attestations",
   "value": "https://wulfkaal.github.io/colloquium/attestations/360975de7d75ab99400b0c86071b6084d2d8367d960744116fe6eff0cbb26676.json"
  },
  {
   "@type": "PropertyValue",
   "name": "edges",
   "value": []
  }
 ],
 "isPartOf": {
  "@id": "https://wulfkaal.github.io/claims/index.json"
 },
 "dateModified": "2026-07-27",
 "version": "1.0",
 "sha256": "360975de7d75ab99400b0c86071b6084d2d8367d960744116fe6eff0cbb26676",
 "canonicalForm": "https://wulfkaal.github.io/claims/5454054-005.md"
}