Brutal Crypto Market Consolidation (MORE Exchanges Taking Punches)

In tonight’s crypto news wrap-up, I take a look at the current happenings in the crypto landscape, including KucCoin’s fight against FUD, Nexo possibly becoming Vauld’s unlikely hero, and the UK leading a well-thought charge towards crypto regulation.

0:00 Intro
0:15 Insolvency Solved (yellow)
1:42 Frankie (brown)
2:45 Nexo’s Big Buy (green)
3:46 Hope Across the Pond (pink)

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Coinbase and NFT Are Getting Into the Metaverse Game

What is the Metaverse? In its simplest terms, it’s a decentralized virtual world where you can trade, own and store assets. There are already a number of apps in the Metaverse. Facebook, for example, has rebranded as Meta. Microsoft is reportedly getting into the game as well. Facebook CEO Mark Zuckerberg recently released a lengthy video where he laid out the big ideas of the future of social media and the internet, but he failed to mention the decentralized aspect of the metaverse.

The Metaverse is already offering a whole new level of entertainment. It lets you make friends with other users and engage in conversations with them, and you can even sell items to other users for cryptocurrency. The metaverse is already introducing additional content centers, such as planets for meditation and self-actualization. However, it hasn’t yet released a set of rules for maintaining persistent ownership. While these concepts are exciting, they remain untested.

A popular decentralized Metaverse game is The Sandbox, which allows people to create their own virtual worlds. It is so popular that Adidas recently bought land on The Sandbox and is developing its own Adi-verse metaverse. Coinbase and influential NFT brands are also involved. You can build your own demo games for free on the site. It’s worth checking out. It’s definitely worth the time to invest in Metaverse games.

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