In your nightly crypto news wrap-up, we bring you the top crypto stories. Coinbase’s stock skyrocketed as the world learned about their partnership with BlackRock, Starbucks makes a splash in Web3 and global Polygon utilization escalates as it inches closer to one dollar on the charts.
What We Discuss:
0:19 Story of the Year
1:29 Caffeinated Crypto
2:40 Matic’s Massive Move
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3 Concepts For a Successful Metaverse
The Metaverse is a virtual universe in which humans can interact with AI avatars and share their experiences with other users. It will revolutionize social media and create new levels of digital sociability, opening up new markets for businesses. Metaverse will also provide consumers with a new way to interact with products, services and content, enhancing their purchasing decisions. But before creating a virtual world, the first step is to define the Metaverse. Here are three concepts for a successful Metaverse.
Among the companies involved in the Metaverse are Microsoft, NVIDIA and Epic Games. The tech giant also invested in the project, purchasing the first NFT for $150,000. Many popular brands are also getting involved, including Gucci and Coca-Cola. Gucci has partnered with the online game-creation platform Roblox to sell NFTs and other digital accessories, and Coca-Cola has released a metaverse-themed app.
Microsoft recently announced plans to create its own metaverse for Teams users. This project will allow Teams users to experience virtual spaces as early as 2022. While virtual reality requires a special device and software, augmented reality is a more practical solution. Blockchain technology can help create a more embodied metaverse. It will be easier to create a virtual world than to develop a traditional one, but Facebook’s metaverse promises to offer more than just video games.
As the technology evolves, so will the possibilities. Investing in metaverse tokens can be a great way to experience the benefits of virtual reality. Platforms like Decentraland and Cryptovoxels are perfect for testing out this new technology. It is best to conduct thorough research before investing in metaverse projects. Make sure you know what you’re getting into, how it works, and which metaverses are most likely to survive.