 Welcome to gelasa news to get top stories and crypto and bring on a bite-sized pieces today. Just the thumbnail suggests Facebook changed its entire name To meta as in the metaverse so they're going heavily into the metaverse and how that's going to affect you as a cryptocurrency investor So we're gonna take a look at what is going on there We're gonna take a look at the different categories that potentially be a game changer They're gonna have my friend Ian come in and give us some of like to call Ian's insight So let's just jump right in because this is uh one of the crazy days that We've we're all been living for so first up. Let's take a look what's going on into the crypto market itself And uh, not a bad day. I mean we've got we're almost at 2.6 trillion It's been fluctuating Admittedly, but we're still around that same base price bitcoin price around 61k We've got some uh, some certain tokens that are up shiba inu being one of them And of course that's been just crushing it lately if there ends up six percent finance coin eight percent three and so on and so forth And yeah dogecoin making up 27 percent in the last 24 hours Ah, excuse me. Shiba inu was only up for the last uh hour, but it's dropped 15 percent But man, what a run 143 percent. So congratulations shiba inu holders But overall markets looking pretty darn good as it stands Also, we take a look at the etf the pro shares is pretty much hovering right where it was Before as far as where we are at started around uh 40 42 and went sideways dropped some bit And now I've kind of recovered a little bit. So and also the uh, valkyrie Futures etf is around the same one. Although it's been at decline initially came up and then just trading sideways So not too much going on there. The big news in my humble opinion is uh, what is going on with facebook and So I know some people just loved they either love facebook or the hate box But usually on this channel everybody hates facebook. That's just how it is. But this is an interesting story and I think it has uh massive repercussions Throughout the crypto and digital assets face. I'll explain a second. So this just broke a couple hours ago Maybe three or four hours ago What we got here is facebook completely changes name to meta when I read this first. I'm like, that's cute That's a nice little way to do things. Maybe they're just uh doing it as like like a transient thing Just to kind, you know in some kind of like honor or to like, you know to generate interest But this is the new change. So facebook on thursday announced that will change its company name to meta The rebranding also comes out of the company has dealt with a barrage of news reports over the past month Stemming from whistleblower francis haugenstrove Internal documents, but this is the big thing So again, I thought it was just just a small piece that we're going to change And maybe just go right back to facebook because you know, that's just how they they do things, right? Just a nice marketing ploy but no The company will also change its stock ticker from fb To mvrs as in the metaverse That is going to affect december 1st And that is no small feat to change your ticker for a publicly traded company The company's stock price was up on more than 3 on thursday and this is from uh, the zuck Mark zuckerberg. He says our hope is that within the next decade the metaverse will reach a billion people Say it again A billion people we've only got around 6.6 billion people on the planet. So it's pretty good pretty good to reach Host hundreds of billions of dollars of digital commerce and support jobs from millions of creators and developers boy I sure hope so and now we can take a look at just how things have changed over the last couple of years Thanks to the coronavirus Everybody's a lot of more people are working from home They're working distance wise so the metaverse could be just a big one just for commerce itself So that is the first part in the second part I found interesting and remind me about an article I read in ap news and it talks about this was from october 24th Uh, it says what the metaverse is and how it will work I just like to you know, take a look at what's going on here And the whole part was just you know, what the metaverse is I can explain it Essentially if you ever seen that the movie ready player one where everybody's in this, uh, this virtual reality world They interact with people and they can have uh different clothes and they can buy things That's pretty much the metaverse. It's a it's a 3d world that you interact with Uh with your virtual reality headsets if you have a good or good one That's essentially a there's massive ramifications moving forward But what it says here is zuckerberg is going big on what he says as the next generation of the internet Because it thinks it's going to be a big part of the digital economy the digital economy What we've been talking about on this channel and a lot of different channels for quite a long time The digital economy and it's a lot easier and now I understand why Why facebook was so keen on getting into cryptocurrency because I know there's There needs to be some kind of universal payment system that they can use throughout the entire globe Because the u.s. dollar just can't cut it and if they have something like what they had Libra and then it was uh, re-end of whatever it is and that's I don't know how well that's going But now we can see that uh, products that are in the metaverse products that are in our digital assets NFTs products that have to do with payment systems that are going to be used globally These are going to be big and uh, I think facebook kind of saw the running on the wall and then also uh, you know former employee, but This is what was interesting and zuckerberg says this there's also a lot of startups that could be potential competitors because remember People think oh the metaverse is just going to be owned by one huge company Well, I mean in some certain sci-fi books like ready player one If there's a dominant company that's owning a big large portion of it But there's a lot of different players out there and especially right now. It's very early The big thing to remember is this video game companies Are also taking a leading role epic games roblox name the ones that you have Consumer brands are getting in on two italian fashion house gucci collaborate in june with roblox To sell a collection of digital only accessories coca-cola and clinic SL digital tokens pitches a stepping stone of the metaverse And then of course it goes into could this be another way to steal your data? Of course it is it's facebook That's what they're going to do but the thing that I was thinking about myself was okay All these things are coming up these things are going to happen and we know they're going to happen And even facebook is like kind of coming to forefront of this is what is uh, it's actually going to be and there's a reason why why facebook Acquires different companies or takes root in different things like they didn't just sit around let let instagram grow too big They acquired instagram they didn't sit around and go you know what we need some type of messaging platform Or people can communicate we're going to acquire whatsapp and then you know just down the road They just acquire all these different companies So they they want to stay relevant and on top of everything now. They're saying the next big forefront Which is going to replace the mobile Uh universe that we have because everything was just you know online the browsers Then it became mobile and the next step is the metaverse. So how can we? As uh as cryptocurrency enthusiasts get ahead of this So this is only investment opinion not investment advice. This is how I see things so if you go to coin gecko And uh, if you click on categories you can categorize it to a bunch of different things So for this one the thing I would look at is the gaming sector because just like they talked about with uh with uh roblox and uh infinity The other ones that uh, what did I have it was um Now epic games and stuff like that So if there's a way to transact within these games Or if there's the way to take some type of weapons or to take wardrobe or anything like that like we can talk about forever Well, now that facebook is doing these things. Maybe they're like, maybe we should get on this a little bit more So I mean they're already there, but even to accelerate these things. So this is what I would definitely look at I mean actually you've been any sure Engine coin. I got a bunch of that stuff sandbox on a little bit wax be able to Trade these nfts and shoots in it and t nfts all around alluvium velocity yield games You have a game. I don't know anything about that one star link heard a little bit 92 27 also That's a that's an easy to play and of course look at the metaverse And then I think again just because facebook is there they're not going to own everything Take a look at decentral land the sandbox yield game yield god games ufo game again star link again Decentral games bosson protocol that's for e-commerce and things like that. So again, look I don't know exactly what's going to happen, but I can tell you this This move from facebook wasn't taken lightly to just go let's just go into the metaverse This could be potentially the way that things will go and these are the products to potentially look into the feature Because I'm not really the expert in this sector. I'm going to bring in a friend of mine Ian Bolina from token metrics. He's going to talk to us about what he sees and what he hears Especially about what happens with the metaverse and things to actually Do a deep dive and look into so let's jump into the interview. All right So, yeah, this is pretty big news like we just we're talking about I mean look facebook changed their name to metaverse Not only that they're changing their ticker name to mvrs so Like I was talking about I brought in my friend Ian Ian Bolina from token metrics because he's Him and his team I should say the ones that do like the real deep dives consistently. So Ian, thanks for coming on man. I appreciate it Pleasure to be on. Thank you for having me. Yeah, so first of all, let's just get out of the way. What do you think? Good move bad move or just just crazy A great move on their part because one the metaverse is this new trend of crypto and blockchain and beyond ar And two the facebook brand has taken a huge hit So in a ways they're basically pushing the reset button and starting all over I'm trying to bring in people who are in the whole metaverse Dow nft space and crypto into the to basically accept them as a company Yeah, that's crazy. And then you said some so there's a couple things I wanted to ask you first of all What do you think would be like? Some pretty good plays to get into and second of all, what do you think would be? Um is the next big thing because you had actually told me about something that's going to be bigger than nft So let's start with number one. What's a good play for people to get into? Dows so I think dows next straight dows. Yeah dows in the next one to two years Could be the same kind could have the same catalyst as nft's this year This year has basically been nft season. The year prior was defy season. I think next year could be dows season No kidding. So, okay. So let me let me jump back here. So let's take a look at coin gecko. What kind of dows are we talking about? Uh, so for example recently this week a 16z crypto fund announced investing and buying Tokens and friends with benefits now, which is basically a social community now Of people in the space who are trying to build something greater for the crypto community And it's really tokenizing culture and Community And I think that's something that's going to be huge because we've seen dows grow with defy projects, but not people are launching dows just for Anything right so from buying nft's from doing events from collaborating together And if this can be a way to get ownership and be a part of that I think that's that's a huge long term in that sense. For example, there was a dow that purchased A bunch of crypto punks at a very cheap price, right? I think that purchased over 100 crypto punks right now and now so I believe at that time to get into that dow it cost about Uh 300 ether and now it cost about 3000 ether to get in So this is so expensive that you have to pay basically more than 10 million dollars to get in So, okay, so i'm gonna bring up so i'm on coingecko.com in the categories to the dowmaker ecosystem So here's what we here's what they have This is interesting, uh orion protocol dowmaker Horde fear this this can't be everything that's for sure No, so so so that's not it But some dows to keep to keep to keep an eye on and to just see how other new dows model them Pledge a doubt. They basically do the dows that invest in crypto assets from buying nfts To buying crypto assets to community dows, right? And for people who want to get alpha who want to get insights at a deep level With people who are very well known in the space You have to basically buy access to these communities and these communities are tokenizing themselves That makes sense like we always talk about so So ian, how do we get into those types of communities? Is it all based on invite only you have to go through the discord or how does that work? So for example, let's take a ether rocks, right? Very very expensive They're basically nfts that were just rocks But the reason why people were spending millions of dollars to buy them was because they're only 100 in the world And by owning this nft you'd become part of a group part of a community So they had private discord groups private telegram groups Private twitter groups and one person posted on twitter that just by joining this group He's got so many insights that he's made 1.5 million dollars in the last one year From the tips and investment advice being shared in these groups This is yeah, this is the new financial elite Really, so it was what's going on because before it was all it was all closed It was you had to know somebody to know somebody now You can know somebody but you have to be in the forefront and really be an innovator. It sounds like yeah So you can achieve that by one getting in early in these communities Or two bang in late by buying nfts Or three these communities will now progress towards dowse because they now have to have a governor's model Right. So for instance a new dow just launched where people are pulling the funds together to buy a basketball team sometime in the future So Projects like this are just fascinating because this could actually happen That is interesting which brings me to my to my last two points. First of all great insights Ian always always great to have you on so with this one I will just say if you guys are interested in insights like this This is Ian's insight and him and his team have built a pretty good information hub called toka metrics And you can sign up Ian anything you want to go through as far as what's what to look over here Yes, yes, so this is the new and improved token matrix version two we launched recently So the main thing to look at is a tm grade. That's our machine learning our ai going through and rating Over 6,000 crypto assets based on different metrics such as quantitative data points We have trading signals that tell you whether or not we're bullish or bearish So for example our our ai has been very bullish on shib And also on so so solana shiba inu eluvium So for anybody out there who's a who's a trader? I want to find these new Products early on and no one to get in and also want to take profits. This is a good platform for you Perfect and then on top of the other things that you were just talking about as far as insights and then Lastly before I forget. You got a book out. You found the time to write with all right the book finally Yes, investing guide. Yeah, so this because we launched this book last month It's a great book for anybody who wants to learn crypto. We talk about defi nfts And just really getting involved in the space and we go through our entire research process on how to evaluate crypto assets How to find good investments how to filter out the noise And this is a book actually our research team has been using internally for a while and now We've made this available to the public Perfect. All right, my man. Well, that's it like I know you're a busy guy I just wanted to get your thoughts on this because this was kind of beyond me So I appreciate it. But any last words of wisdom before we take off Yeah, I mean crypto is the future. Uh, go slow. I think long term We're here with you Rob's here with you and thank you for everything Yeah, man. Thanks. Okay. Let's jump back. All right. So I hope that helps I want to thank you again. That was pretty pretty great stuff You can find the link to toka metrics in the description below. I'll also Put on the very part for the comments. So it'll be pinned at the very top And that's it for today. So interesting day. We'll see how it all works out If you like today's video go and give it a thumbs up that helps tremendously I'll also consider subscribing. I mean a lot of things are happening super fast around here So definitely want to be up to date and that's it for today. Thanks so much. I appreciate it. See you on the next one