Today we will be discussing the unprecedented data suggesting markets are set up for a MASSIVE correction, will Bitcoin hold the line? Next we’ll talk about a recent Stanford proposal for reversible Ethereum, and last we’ll look at leaked audio from Celsius executives discussing an I.O.U. cryptocurrency!
Around the Blockchain is your favorite Cryptocurrency show discussing Bitcoin, Ethereum, Cardano, and the top altcoins. Our four crypto experts Johnny Hopper, Magic Internet Money, Sin City Crypto, & Ben Armstrong. Tune in for their insightful crypto analysis.
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Facebook Moves Into the Metaverse
Facebook is making a major move into the metaverse, which will be an extension of its popular social media platform. It is aiming to create a world that feels like a blend of online social media experiences and the real world, and one that can be expanded into three dimensions. The company hopes that this new virtual world will spur hundreds of billions of dollars in digital commerce and create millions of jobs for creators. The Facebook CEO recently announced that his company is investing in metaverse technology.
Metaverses are virtual worlds, allowing avatars to interact with each other. They are generally accessible through virtual reality headsets and require cryptography for security. Cryptography helps build networks without a central authority and is a good choice for the metaverse. Some metaverses are already built using blockchain technology, which uses non-fungible tokens to store ownership rights permanently.
As the Metaverse is being built, its developers must consider how to encourage community participation. A community-built Metaverse requires incentives and rewards. The implementation of play-to-earn incentives will be critical to its global success. For example, Facebook has made it clear that it believes that Metaverse will be the next evolution of social media, a world that is accessible to anyone, and that everyone can participate in.
In addition to creating social media, the metaverse will allow people to meet and interact with other people in new ways. This new world will also give businesses a new marketplace and allow them to reach out to new customers. With this new world, people will be able to interact with different types of content and products in a more realistic way than they could on their own.