In this video, we will discuss the price of Bitcoin, Ethereum, and the top altcoins. We’ll take a look at the cryptocurrency markets and the latest crypto news.
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The Metaverse – Facebook, Google, and Crypto Kids Want to Rule the Metaverse
In recent weeks, Mark Zuckerburg has announced his plans for a new virtual world called the metaverse. This shared virtual space will allow people to communicate, work and even relax. It will be accessible through mobile devices, desktop computers, game consoles and virtual reality headsets. In addition to its physical space, the metaverse will have a digital currency, marketplace, social media and language processing systems. Those who wish to join may do so by signing up to the company’s terms and conditions.
A number of companies have joined the effort to develop and host the Metaverse. Companies such as Zoom and Animoca Brands, which created games like Fortnite and NBA Top Shot, have made investments in the metaverse. Many video game companies are also putting their own spin on the virtual world. In 2017, Robby Yung, CEO of Animoca Brands, which owns the popular gaming website The Sandbox, invested $1 billion in the company. Roblox, another company that has invested in metaverse projects, outlined a vision for millions of users and the virtual world’s potential.
As more companies invest in the Metaverse, a battle between companies and the community will ensue. While corporations like Facebook and Google are seeking to dominate this new virtual world, crypto kids are hoping to build a community-owned and operated metaverse. Unfortunately, the history of the internet suggests that the companies will win, but the blockchain technology may change that. While Facebook and Google still have a stake in the Metaverse, the success of the decentralized autonomous organization depends on the type of commercial partnerships, platform creations, and gaming preferences.