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In tonight’s crypto news wrap up, AJ takes a look at the current happenings in the crypto landscape, including the British Pound getting pounded, the blocking of a pivotal crypto bill, and finding love in the metaverse.
0:00 Intro
0:37 Bitcoin – Pound
1:35 Frankie Candles
3:08 Newsome Says NO
4:36 Finding Love in the Metaverse
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Facebook’s Metaverse – A Virtual World With AR and VR
Facebook founder Mark Zuckerberg recently announced plans to create a virtual world called the Metaverse. Using AR and VR technology, Metaverse will allow users to interact with their physical and digital worlds. In this new world, people will be able to meet and interact with other users and conduct business. The concept of this virtual world has already gained a great deal of attention from the media and the public.
Some crypto enthusiasts are worried that this would lead to the creation of a centralized virtual world that is easily dominated by the tech giant. Meta has not responded to Insider’s request for comment. However, crypto enthusiasts are concerned that a big-tech company will take over the metaverse and make it as popular as social media.
Facebook has also been heavily involved in Metaverse development. This is an interesting development, as it means that Facebook has a great deal of a stake in the technology. Many industries, including the entertainment industry, have expressed interest in the technology. And some cryptocurrency projects are already incorporating it. So, if you’re interested in using the Metaverse, you should start using cryptocurrency.
While the Metaverse has yet to be fully developed, the technology that powers it has already been created. Blockchain technology has allowed the creation of Metaverse infrastructure. The biggest challenge for the future of this technology is incentivization. It is crucial for a community-built Metaverse. The use of crypto-asset protocols like Ethereum has made it possible for people to participate.
