BREAKDOWN: Big Banks Are Entering the Metaverse
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 16 March 2022
⏱️ 18 minutes
🧾️ Download transcript
Summary
Plus a look at recent news from around the crypto industry.
This episode is sponsored by Nexo.io, Arculus and FTX US.
On today’s episode, NLW looks at recent crypto industry news, including:
- Yuga Labs’ purchase of CryptoPunks and Meebits
- A leak deck about Yuga’s metaverse ambitions
- HSBC becomes the first bank in The Sandbox
- Fundraising from ConsenSys and an ex-Meta team
- The mayors of Miami and New York City say “HODL”
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Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, TX. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.
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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: PM Images/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
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| 0:00.0 | Welcome back to The Breakdown with me, NLW. |
| 0:09.1 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 0:15.0 | The breakdown is sponsored by nexo.io, Arculus, and FtX, and produced and distributed by CoinDesk. |
| 0:22.8 | What's going on, guys? It is Wednesday, March 16th, and today we are doing a little grab bag of |
| 0:29.1 | topics from the crypto space, catching up on some of the things that we've missed with so much |
| 0:34.1 | macro discussion. Before we get into that, however, if you are enjoying the breakdown, please go subscribe to it |
| 0:40.4 | wherever you listen to podcasts. |
| 0:43.0 | Give it a rating, give it a review, or if you want to get deeper into the conversation, |
| 0:47.8 | come join us on the Breakers Discord. |
| 0:50.1 | It's where we talk about the day's show, the day's news, you name it. |
| 0:53.6 | And if you want to join that |
| 0:54.7 | conversation, you can find the link in the show notes or go to bit.orgly slash breakdown pod. |
| 0:59.9 | Finally, a disclosure, as always, in addition to them being a sponsor of the show, I also work with |
| 1:04.9 | FTX. Now, as I mentioned today is going to be a variety of topics, and I will tell you right now that the main |
| 1:12.6 | things going on, the main things that have my attention are happening at the geopolitical |
| 1:17.3 | and macro level. |
| 1:18.7 | I came very close to doing today's show about the Petro Yuan, which is something we'll probably |
| 1:22.7 | cover later this week. |
| 1:24.1 | But frankly, we've had so much of that sort of macro discussion that I felt, A, the need |
| 1:29.0 | to catch up on some of the other stories that have been happening more in the crypto industry |
| 1:32.7 | specifically, and also just the need to take a little break. You know we're going to be talking |
| 1:37.7 | about the Fed and interest rates tomorrow after the FOMC meeting that happens this afternoon. |
... |
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