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In tonight’s crypto news wrap up, @ajwritescrypto gives you the rundown on the current happenings in crypto, including the Bitcoin Lightning Network developing new financial products, SushiSwap splitting apart, Amazon adopting Venmo, and Meta facing substantial losses.
0:26 Lightning in a Bitcoin
1:19 Frankie Candles
2:56 Sushi Split
3:40 Pals for Paying
4:30 Meta Mistakes?
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The Metaverse – A Virtual World For Games
The Metaverse is a virtual world where users can create, own, and play games. It is a decentralized, game-based ecosystem where revenue earned by the platform is distributed to its creators. This is an ideal environment for creators to share their ideas and gain a larger community. Several blockchain projects have emerged for this purpose.
The potential of a metaverse is huge. Its applications range from virtual stadiums to music festivals. It could also revolutionize online learning and government services. While the concept of a metaverse is still nebulous, many tech companies are placing their bets on the idea. Microsoft recently announced plans to build its own metaverse. Those who have a Microsoft Teams account will be able to visit virtual spaces in the metaverse as early as 2022.
Other companies have jumped into the metaverse, too. Microsoft, NVIDIA, and Epic Games have all made plans to explore it. In fact, VISA has purchased the first NFT (Network Function Token) for $150,000. Various other popular brands are also getting into the metaverse. For example, Gucci collaborated with online gaming platform Roblox to sell digital accessories in the form of NFTs. Coca-Cola has also sold digital tokens to enter the metaverse.
Another large company that is heavily invested in the Metaverse is Boeing, which plans to use it to expand its production capabilities and to create a digital environment where employees can collaborate. Microsoft has also invested in the Metaverse, and its Mesh for Microsoft Teams program allows people to create avatars and collaborate in a 3D holographic environment. The company is also exploring holoportation, in which users can access a digital environment through a VR headset.