In tonight’s crypto news wrap-up, Deezy takes a look at the current happenings in the crypto landscape, including Solana’s new smart phone, Anonymous targeting Do Kwon, and Three Arrows Capital owing some big time money.
0:17 Smart Solana
2:46 Anonymous Terra-fies
4:47 Three Arrows Down
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Is Facebook Already a Threat to Crypto?
Many crypto enthusiasts are concerned that the rise of Facebook and its Metaverse will harm the virtual world. While Facebook has faced criticism over privacy and security issues, fake news and hate speech, the company has said that it will develop the metaverse responsibly and in collaboration with external firms. However, critics are skeptical of these promises, and some have argued that Facebook is already a threat to the metaverse. In this article, we’ll explore the upcoming developments of the metaverse.
For starters, Meta is building a metaverse that will be accessible to the public through its Teams app. The company says that people will be able to visit virtual worlds by 2022. The virtual world will be a mix of blockchain technology, data centers, and software. For example, a real estate website could use Meta to enable interaction between users. However, the Metaverse could also be a place to meet AI avatars and find new friends.
Facebook, which recently renamed its social network Meta, is not the only tech company investing in the technology. Instagram and WhatsApp have also recently made their own plans to create a virtual environment using AR and VR technologies. People will be able to communicate with their friends, work, and relax in this virtual space. Facebook recently announced a $50 million investment in research and plans to hire 10,000 people in Europe within five years. But what are the limitations of Metaverse?