In this video, we will discuss the price of Bitcoin, Ethereum, and the top altcoins. We’ll take a look at the cryptocurrency markets and the latest crypto news.
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Facebook Invests $10 Billion Into Metaverse
Metaverse is an online virtual world that connects users. It is a new form of social media that allows users to create and share their own digital worlds. Facebook CEO Mark Zuckerberg said he believes the Metaverse will be the next big thing after the mobile internet. He has already teased that Facebook will eventually support NFTs, or “next-generation technologies,” such as blockchains. The company recently announced that it would invest $10 billion into Metaverse this year. Several prominent figures in the crypto industry have also expressed similar views. These include Raoul Pal, a former hedge fund manager and prominent crypto enthusiast.
Facebook has already made plans to integrate NFTs and a Novi crypto wallet into the Metaverse. This move will differentiate it from existing open source metaverses. Facebook is also working on a stablecoin called Diem. Last month, US lawmakers pushed back on the Diem project. It is hard to say what the future holds for Metaverse, but the company is putting a lot of money into it to ensure it becomes a success.
Metaverse investors include Andreessen Horowitz, an American venture capital firm. The firm has invested in many well-known startups. Its portfolio includes Airbnb, Lyft, and Coinbase. The fund also invests in Roblox, Dapper Labs, and Open Sea.
