Yesterday may have been a sea of red but one token jumped 4 thousand percent. A major stablecoin tumbled as Binance lifted the curtain on its reserve; and FTX may be dead but crypto is for the living–because NFT traders just got some good news.
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0:00 Intro
0:20 Sun Shines in the Dark (Justin Wong)
1:23 Market Watch w/ Frankie Candles
2:56 Firmly Tethered
3:57 The Binance Reserves
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Facebook’s New Metaverse
In the Metaverse, users own virtual land, play games and earn money. There are several popular metaverses, including Decentraland, Axie Infinity, SecondLive and the OneWorld network. These platforms are built on the Ethereum blockchain. Users can purchase Axies, which are non-fungible tokens. Each Axie can be bred multiple times with multiple mates, and offspring can be sold on the Metaverse’s marketplace.
The Metaverse is still in development, but it already has some major features. For example, users can create avatars with a high degree of realism and make them interact with other users. They can also play games and surf the web. It is thought that the Metaverse is the “new internet.” The Metaverse will be more immersive than the current Internet, with color, texture and dimension. It is unclear who will control the Metaverse, but it is likely to be built on a blockchain.
The Metaverse is a network of shared virtual worlds. A user can interact with their friends and play games within the Metaverse. It also incorporates aspects of virtual reality and augmented reality. Though the concept of a single, universal metaverse is still speculative, companies such as Facebook, Google, and Microsoft have begun building their own Metaverse-like experiences.
Facebook’s new metaverse will be a mix of the social experiences of traditional online social networks. It will be a hybrid reality that can be expanded to three dimensions and projected into the real world. Facebook says that this technology will drive a new virtual economy worth hundreds of billions of dollars and millions of jobs for creators.
