Bitcoin’s Road to Recovery (Edward Snowden BULLISH On Crypto)

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Facebook’s Metaverse Could Be the Next Big Thing

A metaverse is an alternate reality that is always available. It’s filled with avatars and NFTs that are used in games and virtual worlds. Metaverses also contain cryptography, which facilitates digital economies and the virtual representation of legitimate ownership. Today, the metaverse looks a lot like Roblox, Fortnite, and other videogames. Some of them may even require VR goggles to access.

A recent announcement from Microsoft has the company working on building its own metaverse. This new service will allow Teams users to visit virtual spaces as early as 2022. It could be made of a mixture of hardware and software, such as data centers and blockchain technology. It could also be used to create collaborative experiences for people working remotely.

The company has already raised over $810 million in funding over the past two years. Its investors include Winkelvoss Capital, Soros Fund Management, and Sequoia China. And this month, it added another $150 million from Temasek and Boyu Capital. This means the company is now valued at $5 billion.

The Metaverse could help entrepreneurs in the creation of non-fungible tokens. This is because non-fungible tokens are unique and traceable on the blockchain. In addition to this, the new technology can also create more convenient trading systems. For example, Facebook’s Metaverse could make it easier for users to buy and sell limited-edition digital objects.

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