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Today we will be discussing the recent partnership between a16z and Equifax, is this the future of KYC? Next we’ll look what institutionally backed coins our experts are keeping an eye on and last we’ll talk about revenge trading, is it a thing?!
Around the Blockchain is your favorite Cryptocurrency show discussing Bitcoin, Ethereum, Cardano, and the top altcoins. Our four crypto experts WendyO, Altcoin Daily, Taco, & Cowboys of Crypto. Tune in for their insightful crypto analysis.
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What is the Metaverse?
Metaverse is a virtual reality world where you can create your own space and interact with others using an online avatar. You can move, speak and act freely within this space, and can even own and sell virtual property. In addition to buying and selling property, you can also use the platform to trade non-fungible tokens. For example, you can sell your properties to other players and receive payments from them. It’s a completely new way to socialize and interact.
Many brands have created in-house cryptocurrency marketplaces and NFTs to encourage usage. The currency can take the form of trading cards, in-game collectibles, or virtual lands. Some metaverse projects are even using blockchain technologies to implement the concept. One such project is called “The Sandbox.” It combines a virtual world with game-making without a central authority. As a result, gamers can build their own currencies while participating in different games.
Another rapidly-growing metaverse project is RFOX. This project has ambitious goals for the future of immersive technologies. It aims to be the worldwide leader in immersive technology. In addition to retail and entertainment, RFOX focuses on rewards and community experiences. This game uses a native metaverse coin called GALA as its currency. The currency is also used as a medium of exchange for players and a central hub. The platform’s ecosystem includes gaming, e-commerce, finance, and non-fungible tokens.
Some of the biggest players in the metaverse are video game companies, such as Roblox and Epic Games. The metaverse’s popularity has led to several major investments and partnerships from video game companies.