Fidelity Launches Multi-Level Learning Center in Metaverse – Metaverse Bitcoin News

Fidelity Launches Multi-Level Learning Center in Metaverse – Metaverse Bitcoin News
[ad_1]

Fidelity Investments, a major financial services firm with $11.3 trillion in assets under administration, has entered the metaverse with the opening of an eight-story learning center and the launch of a metaverse exchange-traded fund (ETF). The Fidelity Stack features “a multi-level design complete with a lobby, dance floor, and rooftop sky garden for users to explore on foot – or even through teleport.”

Fidelity Enters the Metaverse

Fidelity Investments announced Thursday the grand opening of “The Fidelity Stack,” which the brokerage firm described as its “first immersive metaverse experience aimed at offering a new way to learn investing basics.” Fidelity is one of the largest financial services firms; it currently has $11.3 trillion in assets under administration.

The Fidelity Stack is an eight-story building in the metaverse where visitors can learn about different ways of investing. One whole floor is dedicated to providing information about Fidelity Metaverse ETF (FMET), the firm’s new exchange-traded fund focusing on metaverse investments. Fidelity explained:

The Fidelity Stack, built in Decentraland, features a multi-level design complete with a lobby, dance floor, and rooftop sky garden for users to explore on foot – or even through teleport.

“In the Invest Quest at The Fidelity Stack, users are challenged to traverse the building learning the basics of ETF investing while gathering ‘orbs’ along the way,” the announcement continues.

Decentraland is an Ethereum-based metaverse opened to the public in January 2020. In February, global investment bank JPMorgan chose Decentraland as the metaverse platform to open its lounge.

Fidelity Launches Multi-Level Learning Center in Metaverse
Inside The Fidelity Stack in Decentraland. Source: Decentraland

Kathryn Condon, head of marketing channels and emerging platforms at Fidelity, commented:

The way we engage with each other and with our money is rapidly changing, whether that’s through the rise of blockchain technology or development of a new digital universe. Our foray into the metaverse is designed with this in mind.

Last month, Citi predicted that the metaverse could be a $13 trillion opportunity with five billion users by the year 2030. Global investment banks Goldman Sachs and Morgan Stanley believe that the metaverse is an $8 trillion opportunity.

What do you think about Fidelity entering the metaverse? Let us know in the comments section below.

Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

(function(d, s, id) {
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src=”
fjs.parentNode.insertBefore(js, fjs);
}(document, ‘script’, ‘facebook-jssdk’));

[ad_2]

Source link

Tesla CEO Elon Musk Reveals How He Will Improve Twitter if Bid Succeeds – Featured Bitcoin News

Tesla CEO Elon Musk Reveals How He Will Improve Twitter if Bid Succeeds – Featured Bitcoin News
[ad_1]

Tesla and Spacex CEO Elon Musk has revealed his priorities for improving Twitter if he successfully takes over the social media platform. Among his promises are to eliminate crypto spam bots, ensure free speech, implement edit functionality, and simplify the account verification process.

Elon Musk’s Twitter Improvement Priorities

Elon Musk, the CEO of Tesla and Spacex, has shared how he plans to improve Twitter if his bid to buy the social media giant succeeds.

Musk agreed to a tweet Friday stating that he will focus on solving “real problems.” The tweet specifically mentions making Twitter’s algorithm open source, eliminating scam bots, adhering to free speech, and simplifying the account verification process. The Tesla boss has previously addressed each of these improvements in greater detail.

Crypto Spam Bots Problem

A major problem on Twitter concerns spam bots. Earlier this month, the Tesla boss said that in his opinion, crypto spam bots are the “single most annoying problem on Twitter.”

Musk tweeted Thursday: “If our Twitter bid succeeds, we will defeat the spam bots or die trying!” He added that he will also “authenticate all real humans.”

Edit Functionality, Dogecoin Payment, Free Speech

He also discussed tweet edit functionality in some detail this month, in addition to conducting a poll asking his Twitter followers if they want an edit button. More than 4.4 million votes were counted and 73.6% indicated that they do.

Free speech is another big focus for Musk. He began fielding his Twitter followers in March about having a social media platform with free speech as a priority. “Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy. What should be done?” Musk asked at the time.

In addition, Musk also suggested making dogecoin (DOGE) a payment option for the Twitter blue service. He has been a supporter of the meme cryptocurrency. He believes that dogecoin is the people’s crypto and is best suited for transactions. His electric car company, Tesla, currently accepts DOGE for some merchandise.

The Tesla CEO acquired a 9.2% stake in Twitter Inc. earlier this month. Promising to make “significant improvements” to Twitter, he was going to join the social media giant’s board of directors but later decided not to.

Musk proceeded to offer to buy 100% of Twitter for $54.20 per share in cash, according to his filing with the U.S. Securities and Exchange Commission (SEC). However, Twitter responded by adopting a limited duration shareholder rights plan, often called a “poison pill.” This week, Musk said he has lined up $46.5 billion to fund his offer to buy Twitter and take the company private.

Tags in this story
crypto scam bots, Crypto Scams, crypto spam bots, Doge, dogecoin, Elon Musk, elon musk buys twitter, elon musk twitter, elon musk twitter improvements, elon musk twitter priorities, elon musk twitter takeover, poison pill, spam bots

What do you think about Elon Musk’s plan to improve Twitter? Do you want the Tesla CEO to take over the social media platform? Let us know in the comments section below.

Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

(function(d, s, id) {
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src=”
fjs.parentNode.insertBefore(js, fjs);
}(document, ‘script’, ‘facebook-jssdk’));

[ad_2]

Source link