In your nightly crypto news wrap-up, we bring you the top crypto stories. As adoption continues to rise, crypto goes hard in the paint locking down NBA sponsorships, Investment powerhouse Fidelity looks to double down on crypto employees and Cardano’s stacked summer roadmap plays a role in recent bullish price action!
What We Discuss:
0:21 NBA’s Crypto Adoption
1:37 Frankie Candles Market Watch
2:54 Fidelity in Crypto
4:10 Cardano Boom
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What is the Metaverse?
The Metaverse is a virtual place where you can visit and explore virtually anywhere. This technology combines the benefits of VR and AR to provide you with a first-person experience. The first thing you should do when you are thinking about using the Metaverse is learn about it and what it has to offer. If you’re unfamiliar with the concept, we’ll give you a brief overview of the concept. It’s important to be aware of potential dangers and ways to protect yourself and your finances.
To avoid this danger, the Metaverse needs to be decentralized and interoperable. This will enable users to create, monetize, and share ideas. It’s unclear where it’s headed, but its presence has helped make it a cultural phenomenon. Animoca Brands CEO Robby Yung, who also owns The Sandbox and is a major investor in NBA Top Shot creator Dapper Labs, is the current CEO.
Decentraland is a popular metaverse that offers a play-to-earn model where users compete for crypto tokens. It also partnered with a cultural icon, the Bored Ape Yacht Club, to develop a blockchain game. It has signed 139 metaverse venture deals with ten of the world’s leading investment firms. The Decentraland community is a popular example, and several large firms have begun marketing on the platform.
Another example of a corporation trying to control the Metaverse is Facebook. The corporation is attempting to expand its production capabilities by creating a digital environment for employees to interact. Another big tech company, Microsoft, has also been developing its own version of the Metaverse, allowing people to create avatars and collaborate in a holographic 3D environment. Holoportation is a concept that allows users to access this digital environment using a VR headset.