Microsoft Makes Metaverse Move With Activision Buy, Intel Into Bitcoin Mining

Microsoft took all the front pages of business newspapers today with its planned acquisition of game maker Activision Blizzard. With the move, the Bill Gates founded company clearly ventures into the metaverse and thus also into the cryptosphere.

Meanwhile, over in the chipsector, Intel seems keen on copying Nvidia’s move, one year after the former released a processor for Ethereum mining, Intel is set to release one for Bitcoin mining.

Over in the markets, the crypto coins followed tech stocks further down as it is risk off now that the Fed seems ready to raise interest rates. Bitcoin is trading around $41k.

Microsoft enters Metaverse

Microsoft admitted that their planned purchase of gaming giant Acitivision would provide:

Building blocks for the metaverse. Gaming is the most dynamic and exciting category in entertainment across all platforms today, and will play a key role in the development of metaverse platforms.

CEO Satya Nadella admitted.

When Facebook rebranded to Meta last year, Microsoft admitted it would soon make a similar move. It remains to be seen which metaverse coins could benefit and whether regulators will allow Microsoft to buy the gaming company.

Last week already, gamers grumbled at the introduction of NFT’s in their favorite games. It will be interesting to see which road Microsoft will take when it comes to combining crypto, the metaverse and NFT introductions in its combined games.

Bitcoin mining for Intel

One year after Nvidia created a processor for DIY Ethereum mining, Intel is copying the development of its rival and making inroads into the cryptosphere. Although it is not official just yet, Intel is set to release a low voltage processor which can be used for Bitcoin mining.

The chip, which should be presented next month, is an “ultra-low-voltage energy-efficient bitcoin-mining ASIC.”

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