<p><span style="font-weight: 400;">A lot has changed since the sluggish days of the crypto bear market in 2019, according to notable Twitter personality “Loomdart.”</span></p> <p><span style="font-weight: 400;">The investor at Egirl Capital — an anonymous group of crypto traders — joined host Frank Chaparro for a discussion about how the market has matured since 2019's doldrums and why he believes it will only continue to mature in the years ahead. In Loomdart's view, cryptocurrencies are no longer as correlated with one other as they once were. However, he also acknowledged that today the recent Metaverse and NFT headlines have temporarily “hijacked” momentum in the $2 trillion market.</span></p> <p><span style="font-weight: 400;">“Ever since this kind of metaverse narrative started and Facebook did the whole 'Meta' brand takeover, there has been this gigantic influx of capital,” he said.</span></p> <p><span style="font-weight: 400;">To be sure, Loomdart is also talking his own book as the founder of MetaDrop, which recently helped Alien-themed shooting game VAIL raise money through an NFT drop. But the anonymous UK-native has data to back up his investment thesis. Over the past month, NFT gaming firm Sandbox raised $93 million, while Solana Ventures, FTX, and Lightspeed Venture Partners has raised $100 million for a blockchain gaming fund.</span></p> <p><span style="font-weight: 400;">Loomdart told Chaparro that this VC interest in the metaverse and NFTs will ultimately feed back into the broader crypto market, thereby making it more dynamic.</span></p> <p><span style="font-weight: 400;">“This isn't 2017, 2018's crypto anymore,” Said Loomdart. “Everything was just one market, but like crypto has evolved so far beyond that.”</span></p> <p><span style="font-weight: 400;">In this episode, Chaparro and Loomdart discuss:</span></p> <ul> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">How Ether's "flippening" of bitcoin could open up a Pandora’s box.</span></li> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Why Loomdart believes crypto prices will likely “slowly go up forever.”</span></li> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">The impact of the macro backdrop on crypto prices.</span></li> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Why the metaverse will only take off if crypto is in the background.</span></li> </ul><br /><span class="copyright"><p>© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.</p> </span>