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Shark Tank’s Kevin O’Leary Highlights Cryptocurrencies and Metaverse Platforms He’s Exploring

2 min read

Canada entrepreneur and shark Kevin O’Leary recently gave an interview to Kitco News in which he talked about technologies, cryptocurrencies, the metaverse and other related subjects.

During the conversation, the shark listed some metaverse-focused cryptocurrencies and platforms he is exploring, always looking for diversification.

For O’Leary, Ethereum (ETH), Polygon (MATIC), Hedera (HBAR) and Helium (HNT) are the main platforms for building the metaverse.

“If you’re willing to buy Facebook, Google or Microsoft, that’s all software. And the metaverse is just software. So I’m starting to take positions on some of these big platforms where the metaverse is going to live like in Polygon and HBAR and ETH.”

Metaverse focus

As the entrepreneur pointed out, if people are willing to invest in traditional software – companies like Microsoft – why aren’t they investing in Etherem, Polygon, HBAR and all these different platforms?

“I have a pretty wide selection of these different software platforms, not knowing which ones will be successful, but it’s diversification.”

For O’Leary, the arrival of the metaverse could change the course of product and brand marketing.

“Over the next three to five years things will continue to move online, particularly experimental advertising will be found in the metaverse where it will first manifest in games. So we’re going to see a lot of games happen and esports is a big part of that. I think that’s the direction it’s going.”

Hedera (HBAR) and Helium (HNT)

Among the platforms and tokens cited by O’Leary, Hedera (HBAR) and Helium (HNT) are the least known.

Hedera is an enterprise-level public network focused on the decentralized economy. The network allows individuals and companies to build decentralized applications (DApps).

Furthermore, it is designed to be a more efficient system that eliminates some of the limitations that older blockchain-based platforms face – such as slow performance and instability.

Meanwhile, Helium is a blockchain-based decentralized network focused on Internet of Things (IoT) devices.

Launched in July 2019, the Helium mainnet allows low-power wireless devices to communicate and send data over its network of nodes, which come in the form of Hotspots, which are a combination of a wireless gateway and a mining device. on blockchain.

Users who operate the nodes mine and earn rewards in Helium’s native HNT token.

 

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All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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