Xarabek
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
    • DeFi
  • Learn
    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Best Crypto Exchange Affiliate Programs in 2023

    Best Crypto Exchange Affiliate Programs in 2023

    What does Crypto Index fund Means and How to Invest?

    What does Crypto Index fund Means and How to Invest?

    Who Will Reach $1 First In 2023?

    Who Will Reach $1 First In 2023?

    5 Best New BSC Cryptocurrencies To Invest In 2023

    5 Best New BSC Cryptocurrencies To Invest In 2023

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

  • Analysis
    Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K

    Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K

    Ethereum Price Key Indicators Point Firming Case For Recovery Above $1,250

    Ethereum Price Holds Ground And Sees Fresh Rally, Bulls Are Not Done Yet

    Bitcoin Price Consolidates In Key Range, What Could Trigger Next Move

    Bitcoin Price Holds Key Support But The Bulls Seem To Be Losing Steam

    Ethereum Price Offers Trade Opportunities After Recent Bullish Breakout

    Ethereum Price Another Rejection Signals Risk of Bearish Reaction

    Polygon (MATIC) Surges Nearly 10% As zkEVM Network Update Draws Near

    Polygon (MATIC) Surges Nearly 10% As zkEVM Network Update Draws Near

    Rallies 10%, Polygon Bulls Aim Big

    Rallies 10%, Polygon Bulls Aim Big

    XRP Whales Accumulate Massive Tokens

    XRP Whales Accumulate Massive Tokens

    Solana Rally Could Gather Pace above $30

    Solana Rally Could Gather Pace above $30

    BNB Price Rebounds Toward $250 But Risk of Drop To $200 Still Exists

    Ethereum Price Drops 6% and Signals Risk of Trend Change Below This Support

  • Play2Earn
    Eve Online Coming to the Blockchain?

    Eve Online Coming to the Blockchain?

    Pre-Register for WAGMI Defense – Play to Earn

    Pre-Register for WAGMI Defense – Play to Earn

    Pre-register for Early Access to StarGarden

    Pre-register for Early Access to StarGarden

    Prepare for Mobox 2.0 – Play to Earn

    Prepare for Mobox 2.0 – Play to Earn

    Hunters On-Chain Final Genesis Hunter T1 Mint

    Hunters On-Chain Final Genesis Hunter T1 Mint

    Mint a Free Character NFT for Tearing Spaces

    Mint a Free Character NFT for Tearing Spaces

    Blast Royale Free Mint March 27th

    Blast Royale Free Mint March 27th

    Yuga Labs Announces Second Trip to the Otherside

    Yuga Labs Announces Second Trip to the Otherside

    Voxie Tactics Adds Training Mode

    Voxie Tactics Adds Training Mode

  • Investment
    • subscription packages
  • Strategy
  • Market Cap
  • Tutorial
  • Shop
No Result
View All Result
Xarabek
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
    • DeFi
  • Learn
    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Best Crypto Exchange Affiliate Programs in 2023

    Best Crypto Exchange Affiliate Programs in 2023

    What does Crypto Index fund Means and How to Invest?

    What does Crypto Index fund Means and How to Invest?

    Who Will Reach $1 First In 2023?

    Who Will Reach $1 First In 2023?

    5 Best New BSC Cryptocurrencies To Invest In 2023

    5 Best New BSC Cryptocurrencies To Invest In 2023

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

  • Analysis
    Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K

    Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K

    Ethereum Price Key Indicators Point Firming Case For Recovery Above $1,250

    Ethereum Price Holds Ground And Sees Fresh Rally, Bulls Are Not Done Yet

    Bitcoin Price Consolidates In Key Range, What Could Trigger Next Move

    Bitcoin Price Holds Key Support But The Bulls Seem To Be Losing Steam

    Ethereum Price Offers Trade Opportunities After Recent Bullish Breakout

    Ethereum Price Another Rejection Signals Risk of Bearish Reaction

    Polygon (MATIC) Surges Nearly 10% As zkEVM Network Update Draws Near

    Polygon (MATIC) Surges Nearly 10% As zkEVM Network Update Draws Near

    Rallies 10%, Polygon Bulls Aim Big

    Rallies 10%, Polygon Bulls Aim Big

    XRP Whales Accumulate Massive Tokens

    XRP Whales Accumulate Massive Tokens

    Solana Rally Could Gather Pace above $30

    Solana Rally Could Gather Pace above $30

    BNB Price Rebounds Toward $250 But Risk of Drop To $200 Still Exists

    Ethereum Price Drops 6% and Signals Risk of Trend Change Below This Support

  • Play2Earn
    Eve Online Coming to the Blockchain?

    Eve Online Coming to the Blockchain?

    Pre-Register for WAGMI Defense – Play to Earn

    Pre-Register for WAGMI Defense – Play to Earn

    Pre-register for Early Access to StarGarden

    Pre-register for Early Access to StarGarden

    Prepare for Mobox 2.0 – Play to Earn

    Prepare for Mobox 2.0 – Play to Earn

    Hunters On-Chain Final Genesis Hunter T1 Mint

    Hunters On-Chain Final Genesis Hunter T1 Mint

    Mint a Free Character NFT for Tearing Spaces

    Mint a Free Character NFT for Tearing Spaces

    Blast Royale Free Mint March 27th

    Blast Royale Free Mint March 27th

    Yuga Labs Announces Second Trip to the Otherside

    Yuga Labs Announces Second Trip to the Otherside

    Voxie Tactics Adds Training Mode

    Voxie Tactics Adds Training Mode

  • Investment
    • subscription packages
  • Strategy
  • Market Cap
  • Tutorial
  • Shop
No Result
View All Result
Xarabek
No Result
View All Result

CEO of Phemex Jack Tao shows interest in Metaverse

2021-10-23
in NFT
0
CEO of Phemex Jack Tao shows interest in Metaverse
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

The Singapore-based cryptocurrency and derivatives buying and selling platform Phemex participated in The World Blockchain Summit in Dubai, which was held on October 13 and 14 in Dubai, UAE. The summit invited greater than 500 specialists from totally different authorities and enterprise sectors to:

  • Be a part of forces with top-tier corporations coping with blockchain and crypto 
  • Community with people who share the identical opinions, mindset, and investing tradition 
  • Keep knowledgeable in regards to the fashionable trade developments and improve their very own abilities.

Jack Tao, the co-founder and CEO of Phemex, joined the occasion as a speaker. The unique founding crew of Phemex consisted of  a number of veteran Wall Road execs. Regardless of following the normal monetary system, Tao caught on shortly that it unfairly advantages the privileged in our society. He ended up investing in a number of crypto exchanges early on however felt that the world wanted a platform that was extra skilled, user-friendly, safe, and had higher customer support. Consequently, he and his colleagues left Wall Road and launched Phemex in 2019. Now it’s ranked among the many world’s high 10 largest crypto exchanges in derivatives buying and selling in keeping with CoinMarketCap.

Tao emphasised that their goal at Phemex is to turn out to be synonymous with a clear and extremely skilled crypto trading platform that cultivates person belief by managing dangers and giving individuals the appropriate buying and selling instruments.

Jack Tao’s outlook on Metaverse

As a speaker on the World Blockchain Summit, Tao additionally shared his ideas on the trending topic inside crypto circles i.e. Metaverse. Though Metaverse is underneath growth, this subject has attracted immense consideration and assist. The topic has gained salience amongst trade insiders and specialists due to its untapped potential. Tao feels the identical means about Metaverse and its rising functionality. He mentioned that the Metaverse has come a good distance and retains getting fashionable because of the rise of crypto. “Metaverse presents a brand new means through which we work together with the digital world, one that’s much more immersive and disruptive than our web at the moment second. Nobody is aware of precisely what it can appear to be, however that’s by design as a result of Metaverse is meant to be constructed by every of its individuals, not by any central authority.”

A big driver of this fashionable pattern is non-fungible tokens (NFT), that are creating waves throughout the crypto group by way of new initiatives and communities.

Increasingly persons are adopting the NFT idea as of late. Tao mentioned, “the 12 months 2021 noticed the journey of the NFT market that rose, fell, solely to stand up once more. It serves as a sign that NFTs will not be short-term for the crypto trade. The expansion in NFT publicity proves that digital collectibles will not be solely meant for crypto whales.

Jack Tao of Phemex thinks that in the long run, the digital world will present a number of alternatives within the close to future. “Expertise conglomerates that function exterior of the crypto world like Epic Video games and Fb are additionally considerably investing in digital actuality, cloud gaming, and different elements of the Metaverse.” 

Phemex becoming a member of Metaverse

Although Phemex is strictly a crypto exchange and never an NFT platform, the corporate intends to seize alternatives throughout the Metaverse. In March, the Phemex crew organized an NFT themed occasion and invited its personal customers. The occasion produced a community-made NFT that compiled all individuals’ QR codes for his or her Ethereum deposit address on Phemex. 1000’s of individuals who joined additionally acquired funds after the NFT was listed and offered. Phemex helps coin listings associated to the metaverse akin to:

  • AXS: the first governance token for Axie Infinity, which is a extremely fashionable GameFi mission.
  • MANA: Decentraland’s native token utilizing which customers should buy, personal, and alter NFT-based digital actual property.

Itemizing the above-mentioned cash on the Phemex platform is a telling signal of their confidence within the upcoming GameFi model. This crypto alternate fastidiously investigates each single crypto mission earlier than itemizing them on the platform with a view to defend prospects from low-tier protocols. Phemex goes the additional mile to seek out out whether or not a selected crypto mission would revenue from megatrends akin to Metaverse or not.

Phemex’s participation within the occasion ensures its assist and contribution to the Metaverse. In line with Jack Tao, “it’s a necessary doorway for newbies who take their first step into the thrilling world of crypto”

Disclaimer
The offered content material might embrace the private opinion of
the creator and is topic to market situation.
Do your market analysis earlier than investing in cryptocurrencies.
The creator or the publication doesn’t maintain any duty
to your private monetary loss.

Source link

You might also like

Gaming Giant Sony Files Patent to Enable NFT Transferability Across Games and Consoles

U.S. IRS Considers Taxing NFTs Like Other Collectibles

Meta Discontinues NFTs on Facebook and Instagram Less Than a Year After Launch – Here’s the Latest

Tags: CEOInterestJackMetaversePhemexShowsTao
Share30Tweet19

Recommended For You

Gaming Giant Sony Files Patent to Enable NFT Transferability Across Games and Consoles

2023-03-29
0
Gaming Giant Sony Files Patent to Enable NFT Transferability Across Games and Consoles

Supply: AdobeStock / VLRSLeisure and gaming big Sony has filed for a patent to make non-fungible tokens (NFTs) transferable and usable between varied video games, gadgets, and consoles.The...

Read more

U.S. IRS Considers Taxing NFTs Like Other Collectibles

2023-03-21
0
U.S. IRS Considers Taxing NFTs Like Other Collectibles

NFT Information: The Treasury Division and the Inside Income Service made an announcement on Tuesday that they're contemplating taxing digital collectibles reminiscent of NFTs and are requesting suggestions...

Read more

Meta Discontinues NFTs on Facebook and Instagram Less Than a Year After Launch – Here’s the Latest

2023-03-28
0
Meta Discontinues NFTs on Facebook and Instagram Less Than a Year After Launch – Here’s the Latest

Supply: AdobeStock / sdecoretSenior representatives of Meta, the mother or father firm of Fb and Instagram, introduced that the corporate will probably be shutting down the flexibility to...

Read more

Meta Shuts Down NFT Project to Focus on FinTech and Content

2023-03-14
0
Meta Shuts Down NFT Project to Focus on FinTech and Content

After engaged on the non-fungible tokens (NFTs) venture for greater than 18 months, Fb father or mother Meta (NASDAQ: META) has introduced its shutdown. Stephane Kasriel, who’s main...

Read more

OpenSea Sees Explosive Demand for ‘Vitalik’ NFT Collection Tied to Ethereum Co-Founder – Here’s What You Need to Know

2023-03-27
0
OpenSea Sees Explosive Demand for ‘Vitalik’ NFT Collection Tied to Ethereum Co-Founder – Here’s What You Need to Know

Supply: Adobe/Proxima StudioSince its affiliation with Ethereum co-founder Vitalik Buterin was revealed, the "Gitcoin Presents" NFT assortment has surged to the highest spot on OpenSea.Created by Metalabel in...

Read more
Next Post
What these signs indicate about Fantom crossing the $2-mark

What these signs indicate about Fantom crossing the $2-mark

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

NFT 2040 Offers Battle Royale with Bored Apes

NFT 2040 Offers Battle Royale with Bored Apes

2021-10-26
This is causing users to choose Solana over Ethereum

This is causing users to choose Solana over Ethereum

2021-11-30
Shiba Inu Developer Confirms Shibarium Beta Launch, SHIB And BONE To Rally?

Shiba Inu Ecosystem Tokens SHIB And BONE Chase BONK Hype

2023-01-05

Browse by Category

  • Altcoins
  • Analysis
  • Bitcoin
  • Crypto
  • DeFi
  • Education
  • Ethereum
  • Investment
  • Learn About Crypto
  • NC
  • NFT
  • Play2Earn
  • Strategy
  • Uncategorized

ABOUT US

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Investment, Market, and more.

Referall

https://bit.ly/2Y2f9sP

CATEGORIES

  • Altcoins
  • Analysis
  • Bitcoin
  • Crypto
  • DeFi
  • Education
  • Ethereum
  • Investment
  • Learn About Crypto
  • NC
  • NFT
  • Play2Earn
  • Strategy
  • Uncategorized

NEWSLETTER

  • Contact
  • Terms & Conditions
  • Privacy Policy

© 2021 Xarabek - All rights reserved

No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
    • DeFi
  • Learn
  • Analysis
  • Play2Earn
  • Investment
    • subscription packages
  • Strategy
  • Market Cap
  • Tutorial
  • Shop

© 2021 Xarabek - All rights reserved

  • RelevantRelevant(REL)$0.825.35%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • B20B20(B20)$0.4507925.62%
  • BitballBitball(BTB)$0.0019770.37%
  • CornichonCornichon(CORN)$0.073096-0.86%
  • MoonToolsMoonTools(MOONS)$13.810.00%
  • StacyStacy(STACY)$0.0007100.00%
  • Lunch MoneyLunch Money(LMY)$0.0004180.00%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003679-6.88%