Today we will be discussing recent data showing Bitcoin miners holding $149 Billion in Bitcoin are at risk of capitulation, what will all time high hash rates mean during the bear market! Next we’ll look at Mutant Ape and Bored Ape volumes spiking after the recent SEC probe announcement, and last we’ll talk about Microsoft teaming up with Meta to deliver VR workplace tech!
Around the Blockchain is your favorite Cryptocurrency show discussing Bitcoin, Ethereum, Cardano, and the top altcoins. Our four crypto experts Nerd Grl, Kelly Kellam, Johnny Hopper, & Vanessa Lopez. Tune in for their insightful crypto analysis.
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Facebook’s New Metaverse
The Metaverse is a blockchain-based virtual world where users can own their own land. Users can then use that land to play games or earn money. Some popular metaverses include Decentraland, Axie Infinity, and SecondLive. All three are built on the Ethereum blockchain. Users can create virtual characters using a custom editor. They can also breed their Axies with others, and offspring can be sold on a gaming platform.
Entrepreneurs will drive the future of the metaverse. These entrepreneurs will provide services, create content, and do useful things for the metaworld. They will have to find ways to monetize those services and create value for the community. Some examples of such services include virtual property, such as a virtual cinema. Users can also use virtual tokens as a means to buy or sell virtual property.
Facebook’s announcement about the metaverse has fueled public interest in this technology. It could allow people to interact anywhere they want, create art, and amass wealth. However, the real promise of the metaverse lies in its users. The ability to turn digital assets into in-game assets, play-to-earn games, and even invest in non-fungible tokens would open a world of possibilities. A secure, dependable metaverse blockchain backed by cryptocurrency is essential to achieving this goal.
Neal Stephenson first coined the term “metaverse” in 1992, in his cyberpunk novel Snow Crash. It describes a virtual world where people can buy land, build buildings, and use avatars. Users can also interact with friends and take part in events and purchase goods using cryptocurrency. As the technology continues to develop, the idea of ownership will become more complex.