Bitcoin Bears are WRONG! (Exclusive Insight on Cardano Stablecoin)

Today we will be discussing recent movements from major institutional investors buying up almost $1 billion in Bitcoin and ETH in the last two weeks! Next we’ll look at what powers the Cardano Powered stable coin Djed, and last we’ll talk about recent partnerships announced for fashion giant Hugo Boss and Imaginary ones for NFT’s and Metaverse projects.

Around the Blockchain is your favorite Cryptocurrency show discussing Bitcoin, Ethereum, Cardano, and the top altcoins. Our four crypto experts WendyO, Tim Warren, Brad Varnell, & AJ Pleasanton. Tune in for their insightful crypto analysis.


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What is the Metaverse?

The metaverse is a digital environment that’s powered by augmented and virtual reality. Currently, several industries are looking into using this new technology. Even some cryptocurrency projects are integrating the concept. The idea of a metaverse is as exciting as it sounds, but there are some concerns to keep in mind.

First of all, the metaverse will require constant confirmation of ownership. Currently, the most popular metaverses are Decentraland, SecondLive, and Axie Infinity. These virtual worlds allow users to own property, sell it, and develop it. Then, the users can play and earn from it.

In addition to enhancing user experiences, the metaverse has a number of other advantages. Blockchain technology is essential for this virtual economy, as it secures digital assets and encourages commerce and trading. Internet of Things technology facilitates the connection of different devices, while 3D innovation creates a more realistic interface and a more immersive gaming experience. The blockchain technology also facilitates the creation of Dapps and NFTs, which are key components of the metaverse economy.

Despite its many benefits, the metaverse is still a few years away from being fully operational. However, some of the platforms that have gotten the ball rolling have already made their mark in the web 3.0 ecosystem. For the most part, however, these platforms have focused on gaming and virtual reality.

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