Today we will be discussing the expected incoming volatility for Bitcoin as $2.2 Billion in BTC options are set to expire on Friday, what should we expect from the markets!? Next we’ll talk about Chainlink showing some surprising performance during the bear market, and last we’ll look at the recent MetaMask adoption of NFT custodial features for institutional clients!
Around the Blockchain is your favorite Cryptocurrency show discussing Bitcoin, Ethereum, Cardano, and the top altcoins. Our four crypto experts Matty B, Tim Warren, Altcoin Daily, & Brad Varnell. Tune in for their insightful crypto analysis.
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What is the Metaverse?
The Metaverse is a digital environment where players can interact with other players in a multiplayer manner. The technology behind Metaverse is a blockchain-based virtual world. It runs on the Ethereum blockchain, which offers top-notch security. However, it also comes with high gas fees. Users can build virtual worlds using the powerful tools provided by the editor.
This technology supports the metaverse economy by incentivizing users to trade and commerce in the virtual environment. Internet of Things (IoT) and 3D innovation enable the creation of more realistic and immersive interfaces for the game. In addition, blockchain technology helps in the creation of NFTs, Dapps, and blockchain-based digital assets.
According to Mark Shmulik, a Bernstein internet analyst, the metaverse is set to be the biggest trend in the next few years. Its potential uses include commerce, communication, and entertainment. But the technology is still in its infancy. As a result, there is an ongoing battle between centralized big tech and decentralized blockchain-based virtual worlds.
Despite the hype surrounding the technology, many still have their reservations about it. For example, while the Metaverse can be an attractive investment vehicle, it is still unclear where it will go. Whitewolf is unsure whether the metaverse will eventually eliminate the economic barriers between developed and developing nations, or whether it will be a real-world scenario where billions of people will join the digital ecosystem.