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This is how the metaverse and DeFi will change our lives - FTX founder Sam Bankman-Fried

Kitco News

The rise of the metaverse has prompted cryptocurrency companies to provide services that would integrate blockchain technology with virtual reality.

Sam Bankman-Fried, founder and CEO of FTX, one of the largest crypto exchanges in the world, discusses the next evolution of DeFi applications with David Lin, anchor for Kitco News.

Bankman-Fried said that FTX has several ways to collaborate with the tech giants on delivering a usable metaverse.

“One obvious thing is back-ending for them for crypto services, for crypto investing and trading. Also, for NFTs, we have an NFT portal that a lot of places are looking to add, from video game studios to ticketing and much more,” Bankman-Fried said.

For more information on how blockchain can be integrated with esports, watch the video above.

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