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In tonight’s crypto news wrap-up, Deezy of @NFT Alpha takes a look at the current happenings in the crypto world, including VeChain’s foray into NFTs, Elon teasing Doge’s role in Twitter, and Ripple receiving help from an unexpected ally.
0:00 Intro
0:14 VeChain NFTs
1:22 Frankie Candles
2:24 Doge Pumps Higher
3:40 XRP Gets an Ally
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The Metaverse and Cryptocurrency
The Metaverse is a virtual world where you can engage with other people, interact with objects, and explore new avenues of exploration. In a recent company call, Facebook CEO Mark Zuckerberg referenced the Metaverse as the “next big thing.” Rather than just calling Facebook a “social media company,” he called it a “metaverse company.” Similarly, the Metaverse has grown in popularity in recent years, thanks to virtual reality, augmented reality, and cryptocurrency.
In the workplace, more people are turning to digital and virtual spaces to communicate. The Metaverse gives people the ability to interact with others in real-time without having to travel to the office. For instance, managers can read body language in the virtual world, and employees can communicate and collaborate without having to leave their desks. This allows managers to solve workplace problems such as goldbrick and time theft.
In the metaverse, you can own virtual land and play games to earn money. Some popular metaverses are Decentraland, Axie Infinity, and SecondLive. Decentraland is a blockchain-based metaverse. Axies, which are non-fungible tokens, can be used to purchase services like psychological services. You can also use them as a means of interacting with other avatars or playing virtual world games.
Blockchain technology is supporting the metaverse economy. It helps to secure data and digital assets, and it helps incentivize users to trade and commerce. The Internet of Everything also helps with the connectivity. Moreover, 3D innovations have created realistic user interfaces, making virtual worlds much more immersive for users. Blockchain technology is a key aspect of the metaverse economy, as it makes it possible to create Dapps and NFTs.
