Microsoft+Ta-dum=?

Good morning! Welcome to The Daily Moon. Another day, another Elon Musk tweet… Nah, not today. Today, the chief regulator of India’s central bank says crypto will cause the next financial crisis. Do Kwon and SBF have given the entire sector a bad name. Tch.

The markets recovered. Bitcoin was at $16,850 and Ethereum was ~$1,215. Nasdaq rose in early trade. And back home, Sensex and Nifty fell on weak global cues. 

Microsoft Is Silently Building The Metaverse

News broke that Microsoft was eyeing Netflix as its latest acquisition target. No numbers have been floated but a safe assumption is that it will be north of $130 billion (Netflix’s market cap). Microsoft, which has a market cap in excess of $1 trillion, has been acquiring businesses like a drunk teenager with a credit card. But unlike Elon Musk, these acquisitions seem to be building up to something. 

The tea leaves

Before we list all of Microsoft’s acquisitions, let’s take a look at its partnerships. Last year, it collabed with Meta to bring teams and workspace to VR. The idea, at the time, was to introduce Meta’s workspace customers to Teams. Now, in July, Netflix and Microsoft teamed up to bring an ad-supported model to the streaming company. Now that partnership seems to have yielded an acquisition offer. 

It’s all in the plan

Remember we spoke about Microsoft’s shopping. Let’s look at those in context to Netflix and Microsoft’s determination to truly build the metaverse. 

1. It acquired Minecraft, one of the most popular games in the world, especially with tweens. 

2. It acquired a voice recognition AI. 

3. It has made an offer for Activision Blizzard. 

All of this comes together with Microsoft’s money-spinner Xbox. A super popular game+voice AI+large gaming company+streaming giant (with tons of IP)= metaverse for Millennials and GenZ. Now, add in the business use case with Teams and Office and you have a company looking to redefine FAANG. 

Why now?

The markets are at their lowest ebb. Netflix is bleeding, it has needed to lay off people and cut production spends. There is no better time to buy an asset. The shareholders of both companies will be cheering this on. 

More Tech, More Dream

While we’re on the subject of Microsoft and its metaverse plans, there’s a little red flag. While the dreams to build a vast interconnected universe, with popular games, films, and work are not unfounded, the reality is still a few years away. 

Upgrade the tech

The dream can get closer to reality if telecom networks move to 6G. A generation away from where we are. To misquote Kevin Costner, “build it and they will come to build some more”. The speed of innovation will hasten up once internet speed increases, which will resolve throughput, download speed, and rendering issues.

What next?

It is not that just the networks will magically transform the experience. Some other components in the base layer will also need to innovate. Smaller semiconductors that provide more functionality, microelectromechanical systems that enable tiny sensors, and compact, long-lasting batteries, for example. 

ADA Has Green Shoots

The bulls have gathered around Cardano. After a week of heavy selling, ADA believers have bought the token at a discount. ADA closely follows BTC, so when the crypto king rallied, Cardano did too. 

Where’s it headed?

ADA is at the $0.25 level. BTC shrugged off the $16,730 level and crossed $16,800. So there’s hope that ADA will move higher when BTC does. The network’s active addresses are also on the rise, which means that investors are suddenly interested in ADA. 

Developers congregate

Another factor to rejoice about is Cardano’s development activity. The blockchain outperformed other crypto networks in project additions. More developers have chosen Cardano to build. 

Meanwhile, Cardano co-founder Charles Hoskinson continued his Twitter rants.

Celsius Has Suitors

Remember when Celsius could do no right? The bankrupt crypto lender hasn’t magically transformed, no, but it has found bidders for its many assets. As many as 30 potential bidders. 

NDAs have been signed

A company presentation shows Celsius contacted 125 parties since September to auction its assets. Of these, 30 potential bidders have executed non-disclosure agreements. The auction date is now set for January 10.

Still not enough to pay debt

As of November 25, the company held crypto valued at about $2.6 billion. But even that, combined with all of its non-crypto assets, is not enough for Celsius to pay back all its debt. It is still $1.2 billion short. Smh.

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