Metaverse games can be huge. Which crypto stocks can benefit from it?

Crypto assets will experience highs and lows in 2021. For this industry, which is still in its infancy, 2022 could see more storms.

There will be several major investments in crypto assets in 2022.Includes a 'super app' for blockchain-based meta-universe games and digital assets for trading and lending.

Many policies will be introduced as the government's goal is to increase tax revenue on cryptocurrencies, set "stable returns" for businesses such as banks, and create rules for advertised tokens.

“Digital assets will change in 2021 and 2022 could see another storm for the industry, which is still in its infancy,” BTIG analyst Mark Palmer said in a statement on Tuesday.

A big improvement is that the blockchain game can start to change quickly in the 'meta-world'. This means that people can use their avatars to play, chat and socialize in the world of virtual reality. Blockchain technology allows the gaming world to be interactive and interactive. This means that users can trade digital assets like tokens and NFTs in the virtual world.

Facebook, parent company, Meta Platforms (FB), aims to create a meta-global framework that includes e-commerce content and business models. However, decentralized platforms designed at the top of the blockchain have become increasingly popular, and more companies are developing software that allows users to switch digital assets from blockchain-based platforms.

Palmer cites ArcadeNetwork as an example. ArcadeNetwork claims to be "the world's first distribution platform to deliver legacy across interfaces."

Based on the Polygon blockchain, Arcade is developing software that makes it possible to "move through the game assets of multiple meta-world games". The goal is to connect blockchains such as Ethereum, Binance Smart Chain and Polygon using a "relay bridge" and a local symbol called Arc to trade and trade in game tokens or other digital assets. .

The Metaverse games have been completed on platforms such as Decentraland and Sandbox. Another major platform called Star Atlas could also be released next year.

“We think the potential of this meta-site is fantastic,” said Palmer.

Palmer tried to identify a game like this.Galaxy Digital Holdings (GLXY.CA)Store. It is a cryptocurrency and bitcoin investment company owned by billionaire Michael Novogratz. The company has two major investment portfolios in interactive games and NFTs, and has acquired the cryptocurrency holding company BitGo. Galaxy is currently listed on the Toronto Stock Exchange and has applied for listing on the United States Stock Exchange, with approval expected in the first quarter of 2022.

Palmer will grow up faster.Voyager Digital Crypto Brokerage (VOYG.CA)As the other beneficiary, the company's commodities were also traded on the Toronto Stock Exchange.

the same time,Global Coinbase (COIN)The NFT software industry is growing and may become a "super app" for digital commerce, hosting and mortgage lending. While the vast majority of Coinbase's income now comes from the value of crypto-markets that rely on tokens like Bitcoin and Ethereum, its long-term goal is to diversify its income.

“I think the NFT market that Coinbase Global is preparing is only part of our current gap,” Palmer said.

A big mystery is how regulators will tackle the new cryptocurrency market. The Treasury Department of Joe Biden's administration has made it clear that investors in fixed income coins (the tokens designed to control the value of money) should be governed like silver banks. Under the leadership of Chairman Gary Gensler, the Securities and Exchange Commission seeks to regulate certain cryptocurrencies as security.

A major regulatory test by the United States Securities and Exchange Commission (SEC) is currently underway. The court decides whether to rule on Ripple Labs (the publisher of the Ripple token). The United States Securities and Exchange Commission (SEC) filed a complaint in December 2020 alleging that Ripple raised $ 1.3 billion using the unregistered XRP security token. Ripple Lab denied this claim, arguing that Ripple was profitable and not a contractual investment in law and therefore fell outside the jurisdiction of the United States Securities and Exchange Commission.

Statements could be made next year that the United States Securities and Exchange Commission (SEC) prosecute more token advisers, and if the lawsuit goes away, the United States Securities and Exchange Commission (SEC) could still be ready to deny it. While some cryptocurrencies can be a safe haven asset, Congress' decision remains an issue. Democrats and Republicans have different views on the economy, so the bill is unlikely to pass without further approval.

yetTraders should expect the legal status and legality of cryptocurrencies to be a major issue in the years to come..