In your nightly crypto news wrap-up, we bring you the top crypto stories. Bitcoin flashes a signal for massive volatility, XRP’s price action put the SeptemBEAR to rest and Opensea executives start some drama.
What We Discuss:
0:21 MASSIVE Bitcoin Move Coming Soon
2:21 Market Watch
3:46 XRP DEFEATS SeptemBear
4:55 Opensea Overboard!
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Facebook Launches Metaverse With Blockchain and NFT
Metaverse is the name for a virtual space that combines the physical and digital worlds. In this alternate universe, users can join virtual gatherings, create art, and amass fortunes. To access the metaverse, users will need cryptocurrency. Blockchain and NFT will be important components of the metaverse.
Facebook has announced that it will launch a metaverse to support non-fungible tokens that have been thriving on the Ethereum protocol. The Facebook metaverse will make it easier to sell virtual limited-edition products and experiences. The company is already a major player in the virtual reality headset market, and has recently signaled a large hiring push for its metaverse unit.
Entrepreneurs will be a driving force in the metaverse. They will create content and services for the metaworld, and must be able to monetize those services effectively. For example, a virtual gym may issue virtual gym equipment, while a virtual meeting room might allow people to meet in an entirely different setting.
Users can explore the metaverse using their devices and purchase virtual property. To access the metaverse, they will need to obtain Decentraland MANA, which is the native cryptocurrency of Decentraland. This currency is used for payment of services and goods, and to invest in more property.