Bitcoin Shrugs Off Inflation Numbers – Celsius Gets Robbed

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In your nightly crypto news wrap-up, we bring you the top crypto stories. Celsius tries to pass the blame for their failures, Uniswap is dubbed a Unicorn and inflation data sends stocks falling but Bitcoin just shrugs.

What We Discuss:
0:00 Intro
0:26 Celsius Gets Robbed!
1:12 Market Watch
3:27 Bitcoin Laughs At Wallstreet Pain
4:08 Uniswap = Unicorn

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Facebook, Microsoft, and the Metaverse

The Metaverse is the next generation of social media. Facebook is throwing money at the project and Microsoft is muscling in on the virtual world. The key to a community-built Metaverse is incentivization. By making money from crypto-assets, Facebook can create the infrastructure to support a living Metaverse. But Facebook’s $10 billion investment in Metaverse isn’t a good sign for investors in the social network.

The Metaverse is a virtual world where you interact with others as an avatar. These worlds are accessed through a virtual-reality headset. In order for metaverses to work, they need to be “decentralized”. Blockchain technology is the answer, enabling networks without a central controlling entity. It also allows for permanent storage of ownership rights.

Blockchain technology has been used in several metaverse projects. Axie Infinity, for example, has more than quarter million daily players. Players own AXS tokens, which are used to gain rewards in the game. Players can also use their tokens to buy in-game items, such as rare resources and virtual lands.

The Metaverse is an emerging virtual space with many uses. It has the potential to change the way we work and play. Several companies, including Facebook and Twitter, are exploring this new world. However, it is unlikely that any one company will be able to dominate it.

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