In todays Friday wrap up Deezy goes over the latest news in NFT world, including Johnny Depp involvement in NFTs, Budweiser joining racing, and return of lost Ape Named Fred to his rightful owner
What We Discuss:
0:00 Intro
0:15 Johnny Depp.eth
0:57 Zed Run Racing + Budweiser
1:34 Fred Returned!
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Mark Zuckerberg Bets Big on the Metaverse
Mark Zuckerberg is betting big on the Metaverse, a decentralized platform where users can create, share, and monetize content. While the tech giant’s investment in the project is impressive, he’s also keeping an eye on the cryptocurrency sector, especially the blockchain space. Mark Zuckerberg believes that cryptocurrencies remain in danger and is looking for ways to monetize them. But what are the benefits of Metaverse? How can companies benefit from it?
Facebook’s Mark Zuckerberg mentioned the concept on a recent conference call, calling it the “next big thing” in the world of virtual reality. He also renamed Facebook as “Meta Platforms,” which makes sense given the company’s recent investment in virtual reality. While Zuckerberg has only recently started using the term in public, the concept is not new. After all, the social media giant has been investing heavily in virtual reality, so he’s probably aware of the benefits.
Tokens in the metaverse will be used to verify ownership in a constant fashion. NFT will allow creators of virtual goods to create unique tokens while maintaining transparency in blockchain transactions. Metaverse tokens will also have metadata that indicates their owners. This way, consumers will be able to identify who owns a certain asset. As the metaverse grows, so will entrepreneurs and businesses that use it. The key to metaverse success is figuring out how to monetize.
As a form of social interaction, the metaverse will be very social. Unlike the standard VR experience, the metaverse will let gamers form relationships with other users and engage in profitable activities. A common model will be play to earn, and gamers will be able to sell their virtual items for cryptocurrency. As the technology matures, the concept of a metaverse may be expanded to include an interoperable and portable architecture. It is also expected that the Metaverse will allow users to create avatars, and have a persistent ownership of these assets.
