Around the Blockchain is your favorite Cryptocurrency show discussing Bitcoin, Ethereum, Cardano, and the top altcoins. Our four crypto experts Interpret Crypto, Trading Female, Sin City Crypto, & Ben Armstrong. Tune in for their insightful crypto analysis.

Interpret Crypto:

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Sin City Crypto:
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Ben Armstrong:
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What is the Metaverse?

The term “metaverse” came into existence in the seminal 1992 novel Snow Crash by Neal Stephenson. The novel featured protagonists who were immersed in a virtual reality (VR) space by wearing VR goggles and leaving the “actual” world behind. The Metaverse has evolved and continues to be a subject of discussion, but many creators and users view it as an unfulfilled “aspiration.”

The Metaverse is a game environment in which people interact with AI avatars, form social bonds, and earn currency. Users can also interact with each other in the virtual world and meet new people. Some metaverse game environments include Sandbox, Illuvium, and Decentraland. These virtual worlds have robust social networks and decentralized economies. The metaverse is designed to foster these aspects, and can be both fun and profitable for both gamers and developers.

While there isn’t a huge number of commercial opportunities within the Metaverse, its advantages are clear. First, it uses a VR platform that billions of users use. Second, it offers a platform for developers to create virtual worlds. A centralized actor can claim to own the metaverse, so a centralized actor can take over and dominate it. A centralized actor could dominate the metaverse and end up creating an app store.

Decentraland is one of the most popular metaverses available today. Its virtual land is regulated by Axies, and users can earn Axies by breeding, competing, or participating in tournaments. In addition, users can stake these NFTs to earn prizes. In fact, the Decentraland metaverse is one of the most popular in the market and several larger firms have started marketing their services using the platform. These metaverses are a great way to promote a business in an online environment without a central governance.

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