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Facebook to Support NFTs in the Future
The Metaverse is a virtual world where users inhabit their own space and interact with others through online avatars. This allows the users to freely move, speak, and act without interference. It also allows the users to purchase and sell non-fungible tokens and virtual properties. These can be used to purchase virtual goods and services in the real world, such as tickets to events and other closed clubs. But before these services can become real, the metaverse will need to have a reliable blockchain.
Facebook CEO Mark Zuckerberg has said that the Metaverse could be the mobile internet of the future, which allows people to create their own digital worlds. He also teased that Facebook would support NFTs in the future. Earlier this week, Facebook announced it would invest $10 billion in the Metaverse in the coming year. Other prominent figures in the crypto world have expressed similar views, such as Raoul Pal, a hedge fund manager and cryptocurrency enthusiast.
Andreessen Horowitz is a major venture capital fund in the United States, where it invests in early stage deals. Some of its investments include Facebook, Lyft, Coinbase, and Facebook. Among other projects, the fund is currently investing in Metaverse projects such as Dapper Labs, Open Sea, and Roblox. This fund also invested in Dapper Labs, which is the maker of a popular mobile game in the metaverse.