Crypto exchange has been plagued with insider trading allegations and now CEO Brian Armstrong is doing something about it. Also, DE-fi leads the pack…in money lost in hacks (by a lot). Also, it’s not what you MAKE, it’s how much you KEEP.
0:00 – Market Recap | Topics Overview
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What is the Metaverse? Facebook CEO Mark Zuckerberg and Others Are Concerned About the Future of Technology
The metaverse is a virtual environment that enables people to create, interact, and trade goods and services. It will be accessible through game consoles, desktop computers, virtual reality headsets, and wristbands. It will allow millions of people to work, play, and communicate with each other. But what exactly is the metaverse? What will it require to start a business in it? You’ll need a VR headset, a high-speed Internet connection, and some basic knowledge of technology.
The Metaverse is a single virtual reality that will include avatars and allow users to play games, hang out, and browse the internet. It is a “new internet” with color, texture, and dimension. It’s unclear how long this new world will last, but the current idea is to create a single virtual world that connects people from all over the world. The Metaverse is likely to be built on a blockchain. Zuckerberg and other tech behemoths are concerned about the future of the technology and its effects on society.
The fear of a centralized actor taking over the Metaverse is common among those who believe in a decentralized virtual world. The company has yet to respond to Insider’s request for comment. However, some prominent figures have shared similar opinions. Former hedge fund manager and crypto enthusiast Raoul Pal has said that a metaverse based on social tokens will become popular. Raoul Pal is a fan of multiple cryptocurrencies, including Ethereum.