CRYPTOVERSE-After bitcoin ‘winter’, investors hunt risk in virtual worlds

Published by
Reuters UK

By Medha Singh and Lisa Pauline Mattackal (Reuters) – As bitcoin drifts towards mainstream maturity in 2022, daring crypto investors are eyeing up new sources of explosive action: “altcoins” that power online games and worlds. But, be warned, the foothills of the unformed metaverse are no place for the faint-hearted. Bitcoin, which like the rest of the market had been largely sinking since late 2021, has risen about 16% over the past two weeks to push above $41,000, prompting many market players to declare an end to the “crypto winter”. Yet newer and smaller coins linked to virtual platforms h…

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