BITCOIN Crash 101: Keep Your Intentions!

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Investing in the Metaverse – Mark Zuckerberg and Animoca Brands

One of the first investors in the Metaverse is Animoca Brands, whose CEO and founder, Yat Siu, has over 200 investments to his credit. Siu struggled through the dotcom era as a mobile game maker and faced regulatory pressures when he traded cryptocurrencies. Now, he is bolting into the metaverse by investing in the foundational technologies of cryptocurrencies. One of those technologies is non-fungible tokens, which store value and authenticate ownership on a digital ledger. Last year, trading volume on non-fungible tokens was over $25 billion, making them a hot commodity.

Although the metaverse is already an emerging technology, there are many uncertainties associated with it. The current state of the technology is not mature enough to support all the features that are currently planned. This technology might take several years to become mature, so investors should wait for it to mature. Mark Zuckerberg has emphasized that the metaverse is a long-term project, and it may take several years before it becomes an economic reality.

Another concern is cybercrime. While cybercrime is inevitable in a digital environment, metaverse developers must take steps to ensure the safety and security of users. There have been reports of sexual assaults on metaverse users, so it is crucial for developers to keep a close eye on it.

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