Wanna know what’s next for a project? Just follow any founder on Twitter and you’ll probably find a breadcrumb trail of hints leading to upcoming project announcements. For example, Charles Hoskinson recently tweeted about something special coming to Cardano coming next month, and if you’ve been paying attention to Binance CEOs’ Twitter account, you will have seen Hints pointing to hos support for Elon Musk‘sTwitter takeover. As it turns out, Binance not only supports it, The company now has an equity stake. Its goal is to work with Twitter and it’s new company structure to bring social media and web three together for more blockchain adoption. In fact, in yesterday’s Twitter post, CZ said that as he was being asked his opinion about the takeover, an intern at his company was wiring over 500 million dollars. I won’t need to go over the details of the Twitter takeover . I know you’ve seen it on the news everywhere: Elon finalized the twitter deal, fired its CEO in other top execs, and doge coin holders put back on their space suits for what they believe could be their next flight to the moon. Rumours are swirling about decentralization and the use of cryptocurrency with Twitter, and many wonder what all this could mean for new use cases and the future of blockchain adoption.
0:16 – Binance Bankrolls
1:20 – Market Watch
3:20 – Bitcoin Paper Hands
4:22 – Big Time Warnings
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The Metaverse and Facebook
The Metaverse is an online space where people can interact with one another using NFTs. Moreover, it allows for transparent transactions on the blockchain. The metadata of each token indicates the ownership information. Entrepreneurs are expected to create useful content and services that can be used by the Metaverse community. However, the Metaverse will not be without its problems.
First of all, the Metaverse is an online space where users can create avatars and interact with other users. They can play games, hang out, and browse the web. This “new internet” will have color, texture, and dimension. The creation of such a system has been a priority for Google for years.
The metaverse’s economy relies on decentralized financial technologies like blockchains to secure data and digital assets. Blockchain technology also incentivizes users to trade and commerce. This technology enables the creation of Dapps and NFTs, a vital component of the metaverse economy. This decentralized economy has the potential to change the way we live and work.
Microsoft has also announced plans to develop its own metaverse. Its Teams platform will let users visit virtual spaces starting in 2022. While the company isn’t sure where it’ll end up, it believes that the technology will erase the barrier between developed and developing economies. However, this vision is not completely realistic.