Today we will be discussing the release of the PCE report for the latest inflation data and how it could impact the direction of BTC over the coming weeks. Next we’ll look at Miami and the high profile partners for a new NFT project for the city, and last we’ll talk bout Yuga Labs slapping a 5% royalty on Meebits secondary sales starting immediately.

Around the Blockchain is your favorite Cryptocurrency show discussing Bitcoin, Ethereum, Cardano, and the top altcoins. Our four crypto experts RiceTVx, The Crypto Factor, Crypto Keeper, & Tom Crown. Tune in for their insightful crypto analysis.

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Crypto Blood:
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Tom Crown:
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Intro music by Gregario Franco. Song – Nacht
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The Metaverse – Facebook’s Virtual World

In recent weeks, the term “Metaverse” has become a hot topic. Not only did Facebook rename its social network to Meta, but also Instagram and WhatsApp. Facebook founder Mark Zuckerberg recently announced plans to create a digital world for humans using VR and AR technologies. It is hoped that people will be able to do everything from work to communicating and relaxing within the virtual world. Many in Silicon Valley believe that the metaverse is the next great leap for modern technology.

The metaverse’s success depends on incentivization and crypto-asset protocols. Facebook has already implemented a version of its social network, and users can post images and videos on the platform. In fact, the frequency of posting is enough to reveal personal information, including email addresses. Because of the importance of incentivization, implementation of play-to-earn mechanisms will be critical for the Metaverse to become a global phenomenon.

In addition to socialization, the metaverse can be used for business purposes. For example, players can purchase a Burberry shirt on one platform, take their avatar in a new drip, and invite others to hang out with them. Because the metaverse can be accessed by a VR headset, it may be possible to sell a person’s virtual assets to others in exchange for cryptocurrency. The metaverse may even be able to support virtual work.

The Pandemic has also helped Metaverse gain cultural adoption. The company Zoom, which hosts the Metaverse, has been hosting the virtual world since 2012. Robby Yung, CEO of Animoca Brands, is a co-founder of a popular video game, The Sandbox. He is a major shareholder in Dapper Labs, creator of NBA Top Shot, as well as other companies that are making games. The company is backed by multiple billion-dollar investors.

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