Business
Metaverse-Related Assets Insulated From Cooling Risk Appetite, For Now
LONDON — Global markets have had a rough start to the year as the prospect of tighter monetary policy prompts investors to dump risky assets — but the fast-moving world of Metaverse investing is running on its own schedule.
Metaverse-related assets, such as currencies that can be used in virtual worlds and NFTs that represent virtual land, suffered only minor setbacks as risk appetite eased in January while trading volumes in the broader digital commodities market increased.
As it turns out, Facebook’s rebranding to Meta Platforms Inc. has driven investment in the Metaverse more than general financial market conditions.
Non-fungible tokens (NFTs) have surged in popularity over the past year and growth shows no signs of slowing, with sales in the biggest market OpenSea hitting a record $5 billion in January despite tech-heavy Nasdaq Grams added to its biggest monthly drop since 2018.
NFTs are a niche crypto asset that uses blockchain to record ownership of digital files such as images and videos. Some enthusiasts see them as an integral part of a major hypothetical version of the internet known as the “metaverse,” in which properties such as virtual lands, clothing and artwork can be owned as cryptoassets.
A handful of enthusiasts have been driving sales growth. According to market tracker NonFungible.com, there were about 400,000 active wallets in the NFT market on the Ethereum blockchain over the past month — one person can have multiple wallets, making transaction volume data unreliable demand indicators.
Metaverse Token
The prospect of a rate hike by the Federal Reserve in late January spooked investors, and Bitcoin fell as inflation data rose — contrary to the theory that the highly volatile cryptocurrency could act as a store of value like gold.
Blockchain-based Metaverse worlds like The Sandbox and Decentraland have their own cryptocurrencies that players can use to buy assets like land or wearables for their avatars.
The popular Metaverse token Decentraland’s MANA and Sandbox’s SAND are volatile, but seem to be driven more by the business sentiment around Metaverse than by central banks.
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Business managers, known for their dynamic and demanding roles, are now adopting innovative activity hacks to improve their lifestyle and well-being. Recognizing the importance of work-life balance and personal wellness, these leaders are implementing a range of activities to foster physical health, mental clarity, and overall satisfaction in their professional and personal lives.
Mindfulness at Work lifestyle
Business managers are incorporating mindfulness practices, such as meditation and deep breathing exercises, into their daily routines to reduce stress and increase focus in high-pressure situations.
Regular Exercise Breaks
Amid tight schedules, managers are embracing short exercise breaks, such as brisk walks or stretching exercises, to stay active throughout the day and boost their energy levels.
Nutrition and Healthy Eating
Prioritizing their well-being, managers are adopting healthier eating habits, including nutritious snacks and well-balanced meals, to sustain their energy during demanding workdays.
Time Management Workshops
Business managers are attending time management workshops to enhance their organizational skills, enabling them to efficiently juggle multiple responsibilities and achieve better work-life integration.
Skill Development Seminars
Recognizing the value of continual growth, managers are attending skill development seminars to stay updated on industry trends and enhance their leadership abilities.
Flexible Work Arrangements
Some forward-thinking companies are offering flexible work arrangements to business managers, providing the freedom to create a more harmonious work-life balance.
Social Engagement
Building a sense of camaraderie, managers are engaging in team-building activities and networking events to foster positive relationships within their professional circles.
Unplugging from Technology: In a digital era, managers are prioritizing personal time by unplugging from technology during non-working hours, allowing for genuine relaxation and recharging.
Pursuing Hobbies and Interests
Managers are rediscovering their passions outside of work, be it painting, gardening, or playing a musical instrument, to unwind and find fulfillment beyond their professional roles.
Encouraging Employee Wellness
Some managers are also promoting wellness initiatives within their teams, encouraging their employees to embrace similar activity hacks and lead healthier lives.
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