The nascent market of metaverses is unlikely to have a monopoly company in the foreseeable future, Kraken CEO, Jesse Powell, said during the Crypto Goes Mainstream event.
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The Kraken CEO said there will likely be multiverse, citing such big videogames such as "World of Warcraft" and "Diablo" as independent metaverses:
"And I think it is the same for Facebook another kind of proprietary platforms where I think they will support these blockchain assets and some representation them in their world, and they will all have different rules. And I do not think anyone is going to have a monopoly on this."
Powell also said the exchange is working on something that "is going to be pretty awesome," answering the question about the non-fungible tokens-related initiatives. While he did not elaborate, he said Kraken might roll out a new product toward the end of this year or early next year.
Earlier in October, the social network giant Facebook changed its corporate name to Meta as part of a major rebrand. The rebranded social network will give its users tools to share "immersive experiences" with other people.
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