You may spotted “.eth” at the end of people’s names on social media to mimic an Ethereum address. But what if you actually want to buy an ETH address for your name or brand? In this video I’ll be showcasing ENS (Ethereum Name Service), outlining what it does, why you might want one, and how you can even make money off of them.
0:15 What is ENS?
1:14 Using ENS
2:06 History of ENS
2:57 Making Money with ENS
3:43 Additional Use Cases
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Facebook’s New Metaverse
Facebook is building a new virtual reality, known as the Metaverse. It’s a social environment where you’ll interact with people using a digital avatar. You’ll be able to hang out, buy and sell digital objects, play games and browse the web.
The concept of a “metaverse” was first mentioned in the 1992 cyberpunk novel Snow Crash. Neal Stephenson described a world that is both fantastic and whimsical.
The metaverse is an alternative universe, where people can live or play. They can create art, learn about new ideas and even amass fortune. This universe is based on virtual reality and augmented reality headsets, so it’s a place where you can interact with other users.
Zuckerberg’s announcement sparked a lot of interest in the idea. But, it’s also a move by a powerful company, and many tech fans are worried about the implications of a big-tech metaverse.
While the concept of a decentralized, shared virtual reality is not entirely new, the technology that powers the Metaverse has only recently been developed. That’s thanks to crypto-asset protocols that have created the infrastructure necessary to build the ecosystem.
In particular, there are two types of tokens that are used in the Metaverse. First are the in-game tokens, which are designed to be used in specific metaverse environments. These can be sold for real world value or traded for other currencies.
The other type of tokens are non-fungible tokens (NFTs), which are collectibles that form the core of a virtual economy for players. NFTs are limited in supply, and their use can be permanent.