This episode is sponsored by Nexo.io, NEAR and FTX US.

On this “Long Reads Sunday,” NLW reads a thread from Punk6529, “On Why The Metaverse Needs Crypto.”

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Weiquan Lin/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.