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The market is full of discussions on the topic of "meta universe", and it can be said to be talked about.

In addition to large technology stocks such as Meta (formerly known as Facebook) and Microsoft, which hold high the banner, Nvidia (NASDAQ:NVDA) has also been sought after by market investors. Its stock price has more than doubled this year, and it soared 23% in October. After that, it rose by 16.56% this month and 12.04% overnight. As of Thursday, the US stock market closed at US$298.01 per share, with a market value of US$745 billion. The stock has also become the seventh largest component of the S&P 500 Index. Shares, surpassing Buffett’s Berkshire Hathaway.

(NVDA weekly chart from Yingwei Financial Investing.com) (NVDA weekly chart from Yingwei Financial Investing.com)
So, what is the relationship between Metaverse and Nvidia?

In fact, the CloudXR system launched by Nvidia is the key technology for the realization of the meta-universe concept.

Nvidia launched the CloudXR system as early as 2019. The purpose is to solve the inconvenience of previous VR devices using connection lines and the weak experience of independent VR. The 2.0 version launched by Huida can make the system even more popular with the popularization of 5G networks. When using a stand-alone device, both excellent image quality (resolution 3024x1680) and low latency (less than 20 milliseconds) are taken into consideration.

Moreover, with the support of cloud computing and mixed reality (XR) devices using Nvidia’s RTX graphics technology, users can enjoy a high-quality picture experience through 5G. In addition to Facebook’s Oculus devices, Microsoft, Google, and Amazon’s AWS and HTC's VIVE platform are all adopting this technology.

Wells Fargo recently pointed out that there will be considerable opportunities for the company in the context of the "meta universe" concept. Analyst Aaron Rakers wrote in the report that in the next five years, "Meta Universe" is expected to bring more than 10 billion U.S. dollars of opportunities to Nvidia. In the long run, with "digital assets" and "digital twins" The concept of "digital twins)" is more mature, and market opportunities may be greater.

And some media even bluntly said that if you don't have a GPU from Nvidia, you can't render any graphics of the long-awaited virtual Second Life. "This is the underlying logic of the meta universe."

Mario Stefanidis, vice president of research at Roundhill, said that companies like Nvidia are using their GPU capabilities to provide services to data centers around the world and provide support for high-intensity, high-running computing tasks. The company's technology will be the key to "Meta Universe". "Nvidia's CEO Jensen Huang predicts that GPU performance will double every two years, and these upgrades will promote significant growth of the meta-universe backbone."

In fact, Metaverse is only a small part of Invic’s long-term growth trend. With its technical strength, the company has developed in AI algorithms, data centers, cloud computing, and autonomous driving for many years. The company’s long-term efforts in these fields have, It is the key factor in the rise of its market value.

Nvidia's cloud GPU can directly and quickly process data visualization, which also allows cloud service providers such as AWS, Google, and IBM to give their customers more high-value-added services.

Nvidia's launch of DGX workstations is conducive to enterprise customers that can use AI artificial intelligence supercomputers without the need for comprehensive equipment upgrades, and use GPUs and related equipment to accelerate the efficiency of machine learning.

In addition, NVIDIA introduced AI supercomputers into robots and drones, strengthened the use of edge computing, and provided high-performance computing GPUs to meet the visual needs of industries such as construction, energy, and financial modeling. In the automotive field, NVIDIA also provides the DRIVE AGX platform to process a large amount of sensor data, and can smoothly train models and simulate road conditions.

The company's position in the GPU market is unbreakable. In the first quarter of this year, the company's GPU shipments accounted for 81% of the market, while AMD's market accounted for 19% during the same period, while Intel has not yet entered the market.

Investors' recent pursuit of Nvidia can be described as crazy.

According to data from Vanda Research, after the rise in U.S. stocks in October, the stock prices of high-end semiconductor companies such as Nvidia have soared, and investors are worried about "missing opportunities."

In an interview with the media, Josh Brown, CEO of investment agency Brown, even said that Nvidia's stock price will stand at $1 trillion. The aforementioned Wells Fargo analyst Aaron Rakers even raised Nvidia's target price from $245 to $320, which is more than 30% higher than the all-time high set on Thursday.

And the US stock fund Roundhill Ball Metaverse ETF (NYSE:META), which was just established this year, also holds a substantial share of Nvidia, accounting for the highest share of all shares, reaching 9.2%. The fund is 209 million US dollars in size.

Netflix's hit play "Squid Game" gave birth to a new type of cryptocurrency-squid coin. According to CoinMarketCap's quotation, Squidcoin soared more than 230,000% in the past week to 2,861.80 U.S. dollars, then collapsed, and fell back to nearly zero on Monday morning Eastern Time.

Although the rapid price increase may attract more traders to buy squid coins, CoinMarketCap warned on its website that some people seem to be unable to sell squid coins after buying them.

CoinMarketCap warned:

"We have received multiple reports that users cannot sell this token on Pancakeswap."

Pancakeswap is a popular decentralized cryptocurrency exchange.

Bobby Ong, the co-founder of CoinGecko, told Insider website:

"This scam has completed its cycle, so the price has fallen sharply. The removal of the website and social media accounts is a very obvious sign, and it further shows that this is a scam."

CoinMarketCap reports that Squidcoin has caused many investors to lose a lot of money. A Squid Coin holder told CoinMarketCap:

"The price is increasing exponentially at an abnormal level. When I stared at the computer screen, Squidcoin gave up all the previous gains within a few minutes, and I couldn't withdraw all of my funds."

The holders of Squid Coin also said that they were attracted by the news media concerned about Squid Coin, and this additional marketing made them feel that the project is real. Some investors described how their $57 investment soared to $14,000 and their frustration that they could not sell their tokens.

Generally speaking, before investing, cryptocurrency investors need to carefully review a project’s website to see if the founder’s information is authentic.

The CEO of the "Squid Game" website is David Kanny. He is described as an alumnus of the University of California Irvine, has five years of work experience at Netflix, but does not have a LinkedIn profile. Searching for other nominated executives: Mabel Jah, Kevin Sam, Christian Abbigail, Daniel Jolia, and Lawrence Dan also found blank Google results.

"Squid Game" describes characters who are willing to risk their lives for a better financial future. But for those who bet money on fired coins, in the blink of an eye, they have lost any hope of improving their financial situation.

Antoni Trenchev, the co-founder of the cryptocurrency lender Nexo, stated in an email on Sunday:

"Betting on the right cryptocurrency can bring jaw-dropping wealth. The problem is that things that go up linearly tend to fall in a similar way. Some cryptocurrency investors don’t care about losses, they are trying to free ride, but once When the sell-off starts, there will be a knock-on effect, so it is wise to only accept losses that you can afford."

The income of some digital assets is indeed jaw-dropping. According to CoinGecko's offer, Dogecoin was considered a joke when it appeared in 2013, but its price has soared by 10,000% in the past year. The stock price of Shiba Inu, which was just born last year, soared by more than 90 million%; in October alone, it soared by 800%.

The boom and bust of Squidcoin reveals the other side of the crypto frenzy: demand may suddenly dry up, or worse, developers may abandon a project and abscond with funds. This is a kind of "pull the carpet" ( rug pull) scam.
The so-called "pull the carpet" refers to the withdrawal of support by cryptocurrency developers, abandoning a project without warning, and taking away investors' funds. This is a typical exit scam in the DeFi field. It is unclear whether the situation of Squid Coin is like