FTX reports a over a billion dollars in revenue last year, and is on track for earning another 1.1 billion this year…a staggering projection in the middle of a bear market; Binance COO Patrick Hillman gets a shock when project managers thank him for his help listing on Binance—help he never gave; and Goldman Sachs, JP Morgan and other major banks want a stock market built on blockchain. Looks like old fi is finally digging that new-fangled thing that kids these days are calling blockchain
0:00 Intro
0:35 FTX to the moon
1:42 Frankie’s market watch
2:57 Binance deep fake scam
3:37 Banks going blockchain
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Facebook’s Metaverse Will Be a Game Changer
Mark Zuckerburg, the CEO of Facebook, has announced the creation of the “Metaverse,” a shared virtual space that allows users to interact regardless of time, place, or technology. This virtual world is essentially a digital space where people create virtual selves and maintain them after events take place. The metaverse is growing more complex and includes digital currency, social media, and language processing. It’s a complex and expansive system that can allow users to interact in many ways.
Zuckerberg is predicting the Metaverse to be the mobile internet of the future, and the company has invested $10 billion in the project this year. Some prominent figures in the crypto world, such as Raoul Pal, a former hedge fund manager, have shared similar opinions. The company is also working with developers to improve its Metaverse platform. Its founders believe that the Metaverse will be a game changer and will make the world a better place.
Facebook’s Metaverse will make it easier for people to buy and sell Limited Edition digital objects. In addition, it will make it easier for people to share and resell those objects. This Facebook-developed metaverse will be different from the open source metaverses. It will integrate NFTs, the Novi crypto wallet, and the Diem stablecoin. The proposed stablecoin Diem, a digital currency backed by the US dollar, may also be included in its Metaverse.
