Skip to main content

Jesse Powell of Kraken on the Metaverse and its impact on various domains.

Metaverse has become a focal point in the tech industry nowadays with plenty of huge investments already pouring in. Technology giants like Facebook, Microsoft, and Tencent are already in the race to lay claims on the uncharted space of metaverse.

Jesse Powell, CEO Kraken On Metaverse, Crypto, NFT and gaming

Jesse Powell, CEO Kraken On Metaverse, Crypto, NFT and gaming

The immense attention it has got also resulted in a spectacular rise in its mainstream consciousness. Moreover, metaverse realization will also impact cryptocurrencies, NFTs, and gaming.

Jesse Powell, CEO of Kraken, shared his thoughts on the metaverse and liked the idea already in place in several games World of Warcraft, Second Life, and Runescape.

Talking to Yahoo Finance on the subject, Powell said, “People grew up playing these games and I think that this new stage of the metaverse where you have these goods, these virtual tokens, or these clothing or whatever it is [that] you can take between these different platforms, I think is what people are really excited about now.”

As for metaverse’s presence, he said that the idea is already in place in various versions especially in games. He added, “I mean, you could even look at Fortnite as a metaverseRoblox (RBLX), Minecraft,

Second Life as sort of one of the very first iterations of this. And these are all successful to different degrees and for different purposes and different niche audiences, so I think people are making it out to be something more than it is.”

On NFT’s, Powell talked about its tremendous and meteoric success and attributed it to its quick mainstream adoption of projects like NBA Top Shot and Crypto Punks. Moreover, he also added that the younger generation is behind NFT’s huge popularity because it understands the values of digital stores, and products like avatars, virtual fashion products, etc.

Jesse Powell, CEO Kraken On Metaverse, Crypto, NFT and gaming

Jesse Powell, CEO Kraken On Metaverse, Crypto, NFT and gaming

“I don’t think there’ll be any single metaverse,” Powell said. “And I think it’s the same for Facebook, another kind of proprietary platform where I think they’ll support these blockchain assets and some representation of them in their world, and they’ll all have different rules.

And I don’t think anyone’s going to have a monopoly on this.” Powell further added.

Reinout te Brake

In a career spanning across 20+ years, Reinout te Brake has raised over 100+ Million Euros in Fundraising for a diversity of companies and has worked with several venture capitals firms. Helping gaming companies expand their brand reach, get the right story telling and make an impact on a global scale. Reinout te Brake has had the honor to counsel some of the major gaming companies operating on a global scale. For the last 12 years, he has devoted his major focus towards the niche of gaming consultancy to provide his insight and expertise to help gaming companies reach outstanding financial and business results.