Check out “Catching Up to Crypto” here: https://t.co/ZbuRYyjl6R
In this video I discuss the Ethereum Merge as not just the biggest event in ETH history, but outside of the creation of Bitcoin, this will be the biggest event in crypto history.
The Metaverse – Facebook’s Next App Store?
The Metaverse is an emerging virtual world, built with blockchain technology. It allows users to own their own land, play games, and earn money. Some popular metaverses include SecondLive, Axie Infinity, and Decentraland. The Ethereum blockchain is the foundation of these virtual worlds. Axies are non-fungible tokens that users can acquire through various activities. They have over 500 body parts, can breed with other Axies, and can sell off their offspring in a marketplace.
Despite the limitations of blockchain-based metaverse systems, many of them are working toward allowing users to interact in a virtual world. Some of these systems use VR or AR technologies to make it possible for users to interact with virtual objects and properties. However, investors must do their homework to determine which metaverses are most likely to succeed.
Several technologies are needed to build a metaverse. Virtual reality is essential, as is augmented reality. AI enhances avatar creation. Besides this, the technology allows for security and multi-lingual services. Meanwhile, digital content is important. In the long run, the Metaverse may also become the next app store.
Facebook is already investing in the Metaverse. It has renamed its social network as Meta and is looking to use this technology to create a digital space where people can work, communicate, and relax. The goal is to create a new virtual economy, which will support hundreds of billions in digital commerce. And Facebook is not alone in this endeavor.