How high does the Bitcoin price have to go before we see the volatility reduced and we see it behave as a more risk-off, somewhat stable asset that grows gradually over time? A quarter of a million dollars? All the way to seven figures? It’s definitely a lot higher than we are now!
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What is the Metaverse?
The Metaverse is a virtual world where people can interact with one another on many levels. Founded by Mark Zuckerberg, the metaverse is intended to bridge the physical and digital worlds. It will enable people to interact with each other in ways that aren’t currently possible. For example, the Metaverse will allow people to interact with their friends, as well as other people in the virtual world.
A small version of the Metaverse has already appeared in video games, like the popular Fortnite game. The game has more than 350 million active players and even hosted Travis Scott’s concert for about 12 million gamers. As the goal is to create an online social community, the Metaverse may eventually be made accessible via VR headsets, which are mostly used for gaming.
While this concept is still in its infancy, it has a lot of promise. Blockchain-based apps give users the chance to own virtual land, play games and earn money. SecondLive and Axie Infinity are two of the most popular metaverses, both based on the Ethereum blockchain. Axies are non-fungible tokens that can be used in virtual worlds. These virtual tokens can be traded or invested in. Ultimately, this virtual world will require a secure and reliable blockchain, backed by cryptocurrency.
The metaverse is a virtual space where users inhabit their own space and interact with other people using a virtual avatar. In the virtual space, people can talk, act and move around freely. They can also own virtual property and sell it, as well as exchange it for non-fungible tokens.