Bitcoin and crypto obituaries have been a commonplace ever since the advent of the industry, and 2022 has been no exception. The total cryptocurrency market cap has now fallen by over $2 trillion since the highs of 2021.

The shenanigans continued this year without abating, and this has led many to lose faith in the industry.

The significant price declines have harmed many, and a lot of investors have managed to lose their entire portfolios by trusting irresponsible or fraudulent counter parties such as FTX and Celsius.

Nevertheless, Bitcoin and crypto have always bounced back stronger than ever, and a new report from Grayscale indicates that the metaverse could be a huge catalyst for the next cycle – with a prediction that the metaverse could soon become a multi-trillion dollar industry.

The metaverse to be a trillion-dollar industry

Despite the market downturn, sentiment for the for the future of the metaverse has continued to be strong, with many taking the view that the metaverse will offer huge opportunities in the future.

Grayscale recently issued a report in which they stated that they expect the metaverse to soon grow to a $1 trillion industry, as much of our lives become more digitalised and the significance of the physical world becomes diminished with technology.

Build planets with robots in the RobotEra metaverse

Each metaverse appeals to a slightly different audience: Decentraland capitalises on its USP of being the “OG” metaverse, and this has meant that they’ve managed to onboard huge institutional support – there is even a Grayscale fund so that institutions can buy their native token, MANA.

Other metaverse, such as the Sandbox, have more of a focus on user interface and graphics.

The RobotEra metaverse takes the best from what has been learned about previous metaverses, and builds on it with cutting edge technology supported by robots and artificial intelligence.

Those who participate in the RobotEra metaverse can assume the role of a robot, and build their own cities and planets to their hearts’ content.

TARO is also a governance token for the DAO

In addition to being the native currency of the metaverse, and being used to reward players for their gameplay, TARO is also a governance token for the RobotEra DAO.

The team is intent on ensuring the longevity of the project by decentralising the governance and operations of the metaverse.

This means that anyone can choose to participate in the future direction of the project by voting with their tokens, and can make their voices heard.

By decentralising the governance of the project, the team is able more effectively leverage the hive mind of their community to adapt and grow as efficiently as possible.

The TARO presale has now raised $592k

Over the course of the last few weeks, the TARO presale has been developing on a strong footing, and is now closing in on the $600k milestone.

Investors have been flocking to the presale in the hopes of participating in this project at the earliest possible stages – those who participate earlier in the presale are able to acquire tokens for a discount.

Currently, the TARO token is being sold for $0.02, but given that the presale is being conducted in stages, this amount will rise later on – once this stage is complete, the token price will rise to $0.025.

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