In your nightly crypto news wrap-up, we bring you the top crypto stories. Celsius network officially files for Chapter 11 bankruptcy, Polygon teams up with Disney and is Binance burning tokens?!?
What We Discuss:
0:15 Celsius News Clip
0:56 Celcius Goes Bankrupt
2:21 Polygon and Disney Team-Up
3:40 Burn Binance Burn
📓Crypto 101: https://youtu.be/AaNfHskwLdg
🏘️Housing Crisis: https://youtu.be/a51Oi34c6Jc
🌐Internet Is Rotting Away: https://youtu.be/_rB6vjvYjNE
💻Cyber Warfare: https://youtu.be/gubDnq8jJxI
🌍World Economic Forum: https://youtu.be/ZOOtPB1pYtE
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The term “Metaverse” first surfaced in Neal Stephenson’s seminal 1992 novel, Snow Crash. It describes a world where people wear virtual reality goggles and leave the “real” world behind. The concept has evolved since then, from a fictional concept to a mainstream technology, from augmented reality to cryptocurrency. The concept gained popularity in recent years, with the release of the novel Ready Player One, which became a popular movie. In 2014, Facebook acquired the virtual reality platform and hardware company Oculus.
The idea behind a metaverse is still nebulous, but some aspects have been identified. In addition to the standard virtual reality experience, Metaverse will offer new types of entertainment. People can interact with AI avatars and build relationships with them. Another aspect of the Metaverse will be play to earn. Users will have the opportunity to sell items in the virtual world for cryptocurrency. Ultimately, this system could even make it possible to port game assets across metaverses.
The Metaverse has become an important part of the gaming industry and has received funding from both large and small companies. This growth has been aided by the recent pandemic. Many companies have invested in cryptocurrencies, including the popular play-to-earn platform Perion. Robby Yung, CEO of Animoca Brands, which owns the popular game Fortnite, is a leading investor in the project. Roblox, a 3D virtual reality platform, has also developed a vision for the Metaverse that includes millions of 3D experiences.