Today we will be discussing Bitcoin clinging to support as the DXY begins to show signs of exhaustion, will crypto markets seize the moment? Next we’ll look at call for a split in Ethereum as censorship debates take center stage and last we’ll talk about Reddit’s NFT rollout creating over 3 million new wallets for avatars on the platform.
Around the Blockchain is your favorite Cryptocurrency show discussing Bitcoin, Ethereum, Cardano, and the top altcoins. Our four crypto experts WendyO, Caleb Franzen, CryptoFace, & Ben Armstrong. Tune in for their insightful crypto analysis.
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What is the Metaverse?
The Metaverse is a new concept in virtual reality. It will involve a single shared virtual world, where users will have avatars and can hang out, play games, or browse the web. This new concept is being considered as the “new internet.” However, it’s not yet clear how the technology will work. One of the key characteristics of the Metaverse is that it will have dimension, color, and texture. The concept also includes the potential for virtual reality headsets that allow users to access the new virtual world through their VR headset.
The idea behind the Metaverse has gained a lot of traction in the technology world. Mark Zuckerberg, the founder of Facebook, described it as the “next chapter of the Internet.” It offers users new spaces and opportunities for communication. For instance, users will be able to meet up with others, shop for products and services, or learn about new ideas. The Metaverse has the potential to bring the whole world to their fingertips and make it easier than ever to connect with others.
The concept of a Metaverse has been attracting significant investment from large companies. Microsoft, NVIDIA, and Epic Games have announced plans to explore it. Even VISA bought the first NFT to explore the Metaverse. In the meantime, popular brands such as Coca-Cola and Gucci have entered the metaverse. The former collaborated with online game platform Roblox, which offers users the ability to design their own virtual accessories. Coca-Cola has also sold digital tokens in a bid to tap into the Metaverse.