Today we will be discussing the 6,000 Bitcoin sold by miners in just two weeks, will this drive the markets down lower? Next, we’ll talk about Charles Hoskinson clearing the air on rumors of a broken Cardano testnet, and last, we’ll talk about Bored Ape yacht club nearing liquidation levels as NFT floor prices plunge!
Around the Blockchain is your favorite Cryptocurrency show discussing Bitcoin, Ethereum, Cardano, and the top altcoins. Our four crypto experts Sin City Crypto, Johnny Hopper, mineyourbiz, & Taco. Tune in for their insightful crypto analysis.
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How Blockchain Will Impact the Metaverse
The Metaverse is a world of blockchain-based applications in which users can own their own virtual land and play games to earn money. Some popular metaverses include SecondLive, Axie Infinity, and Decentraland. Each of these platforms features a game ecosystem and uses the Ethereum blockchain to power its systems. Players earn Axies (a non-fungible token) through a variety of activities. Axies can be bred with other Axies to produce offspring and sell them on a gaming platform.
The Metaverse promises to offer an augmented reality experience that is more immersive than the real world. However, discussions about this new world often overlook the security of transactions and preservation of information. While discussions on blockchain and virtual reality have dominated the news in recent months, the Metaverse has only recently been mentioned in relation to the impact of the new technology. Here’s how blockchain is going to impact the Metaverse. Once the metaverse becomes widely available to the public, it will need constant confirmation of ownership.
The Metaverse is currently used in online games, although it could be used for other purposes, too. Its augmented reality features allow users to interact with real-world objects in new ways. In addition to games, you can also use the Metaverse to watch concerts, go shopping, and take part in other activities. It is also said to be the ultimate expression of social technology. This technology can also help individuals work more efficiently, as the Metaverse has been used by companies like Facebook to improve their processes.