Everyone -.
17 Nov 2022, 05:12
Everyone -
Given the development of the crypto market in recent months as well as the incident of FTX which effectively freeze the funding market for moon-shot and long-term horizon projects like metaverse. OpenWorld decided to change its direction to DeFi market and build a financial derivative decentralized exchange from now on.
This is a significant shift from the project direction and core products, we understand, but we think this give us a much better chance to bring the project and the community to success than going after a really long-term horizon with the metaverse.
Make no mistake, we still believe in the metaverse. We think it is a good idea. However when the market is this bad around investors sentiment as well as consumers confidence, we think the road ahead for us if we pursuit metaverse will be extremely rocky.
(continue)