#1 Bitcoin Retirement Plan (Shocking Bitcoin 401k News)

This is your nightly crypto news wrap up! Tonight: Mutual fund powerhouse Fidelity breaks the ice on allowing the use of Bitcoin in retirement plans. Decentralized foreign exchange platform Vertex uses Terra’s stablecoins to expand beyond USD pegged stablecoins and Elon Musk’s $44 billion dollar twitter buy has the internet in a frenzy over “free speech.”

What We Discuss
0:00 Intro
0:26 Fidelity
2:33 Frankie Candles
3:32 Vertex
4:32 Elon Buys Twitter

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Facebook to Support NFTs in the Future

While it isn’t clear exactly what the Metaverse is yet, Mark Zuckerberg has proposed it as a concept for the future of virtual worlds. People will be able to interact with different worlds on a multidimensional level, including the physical world. Facebook has a research and development team that is working on this new concept. A good example of this kind of virtual world is an online real estate website. It will be possible for people to see properties in the real world, such as properties in the United States, in a virtual environment.

According to Zuckerberg, Metaverse could replace the mobile internet and be used as a means to create new digital worlds. He teased that Facebook would support NFTs in the future. Facebook announced earlier this week that it will invest $10 billion into Metaverse this year. This idea has gained traction among other prominent crypto industry figures, including Raoul Pal, a former hedge fund manager and an outspoken advocate of cryptocurrencies. Despite the naysayers, Zuckerberg’s vision for the Metaverse appears to be sound.

The next big thing in the Metaverse is the growth of entrepreneurship. Founders will need to find ways to monetize their services and do useful things for the community. They can do this by creating non-fungible tokens that allow users to own hour sessions. Online cinemas could issue tokens that allow them to watch movies for a certain period of time. Similarly, the tokens could be used as passes for events or another planet.

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