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Panic appeared to set in on crypto markets overnight on May 11th as Blockchain protocol Terra failed to steady its bleeding crypto assets, with LUNA crashing another 90%+ for the day, now trading below $2.
As a result of the massive Terra/LUNA sell-off, Bitcoin price skyrocketed to a dubious new all time high of $140,000 in $UST as a result, while the king cryptocurrency is currently holding on to $30,000 support.
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Show Notes / News Resources:
✔ Bitcoin Technical Analysis: https://bit.ly/3N8r9Nm
✔ Michael Saylor Update On Market Slump: https://bit.ly/3FBhdt2
✔ Terra UST Depegging: https://bit.ly/3KY4RfG
✔ Crypto Carnage Far From Over: https://bit.ly/3FBgTKS
🔴 DISCLAIMER: This is NOT financial advice. This is an entertainment and opinion-based show. I am not a financial adviser. I am not responsible for any investment decisions that you choose to make. Always do your own research and never invest what you cannot afford to lose.
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How the Metaverse Will Impact Your Business
The Metaverse is a world where humans can interact with other people through the use of augmented reality and virtual reality. This emerging technology has many benefits for companies in various industries. In addition to attracting new users, the technology is also beneficial for the security of information. States are increasingly trying to gain control over the virtual world. The emergence of this virtual world has caused a wide range of issues ranging from data privacy to money laundering. Here’s a look at how it will impact your business.
A metaverse will be a concept collection of open settings, open worlds, and interoperable assets. One such asset could be collectible NFT assets that can be turned into a 3D avatar for social interactions. The concept is already attracting the attention of tech companies, including Facebook, which recently announced a $50 million investment in research. As the name suggests, Facebook has invested in this emerging technology and plans to hire 10,000 people in Europe over the next five years.
The technology behind the Metaverse is already being used in various forms of entertainment and business. The company behind it, Zoom, has been hosting the platform since 2012 and has been a major shareholder in other companies such as CryptoKitties and NBA Top Shot creator Dapper Labs. As such, it is likely that the Metaverse will be widely adopted by the general public and eventually influence how people interact with one another. However, before we start building a Metaverse, we must understand what will drive its adoption by different sectors of society.
