Winklevoss and Zuckerberg argue about the Metaverse
The crypto company Gemini received $ 400 million from the pair Winklevoss-Brothers in the current capital increase. Investors included the Morgan Creek Capital and Parafi Capital funds. The Gemini board of directors has now also been expanded to include a third member: Sachin Jaitly complements Cameron and Taylor Winklevoss. More members and partners are to follow in the future.
In addition, the New York parent company Gemini Space Station, LLC. a valuation of $ 7.1 billion. The brothers want to use the proceeds from the financing to develop a metaverse that, unlike Facebook’s plans, does not provide for large tech companies to retain their supremacy in the digital space. Cameron Winklevoss explains Forbes: “At the moment there are two parallel paths in terms of technology. There’s a centralized way like Facebook or Fortnite that’s just a step away from being a metaverse, and that’s perfectly fine. But there is another way, the decentralized metaverse, and that is the metaverse, where we believe there is more choice, independence and opportunity, and there are technologies that protect the rights and dignity of individuals. ”
As Forbes writes, those interested in the Metaverse are currently seeing two developments in space. On the one hand there are companies like Facebook or Fortnite. These will continue to try to ensure that the shareholders of the big big tech giants will profit from the billions of people, as they are already doing. On the flip side are dozens of blockchain startups who have a different vision of the metaverse, as Forbes writes: “Instead of the ad-supported model that has proven so lucrative for social media companies (and fruitful for misinformation and political influence is), most metaverse will require tiny amounts of cryptocurrency, similar to the ‘gas’ used to power other decentralized applications. While revenue models are sure to multiply, the greater the demand for these tokens, the higher the price, increasing the value of the same currency that users now own and bringing the wealth to users rather than shareholders. “
With Gemini, Winklevoss are among the investors in these very same start-ups. The Winklevoss Capital Fund was part of the investor group that supports these startups. For example, in September you invested in a $ 200 million support for the decentralized social networks (DeSo) blockchain. In November, Winklevoss Capital Fund was among the investors who gave $ 93 million to The Sandbox (SAND). Part of this deal was the purchase of a virtual property. Tyler hopes that this will enable people to immerse themselves in the company’s three-dimensional website in the future: “Instead of setting up stationary bank branches in the Metaspace, we will build a Gemini experience in various metaverses, in which you can enter and trade in Gemini.”
The competition for the Metaverse has begun, and even if the brothers succeed this time in attracting more participants to their own platform before Zuckerberg, other Metaverse projects are still waiting, such as Microsoft’s 2.5 billion dollar and the $ 731 billion from Nvidia.
Author of the article is Marlene Müller.
