The US and Europe give their two cents on how to commit to sanctions without causing a surge in oil prices; the European Central Bank is following the FED’s lead and plans to raise rates to combat inflation; and Ethereum dev coordinator Tim Beiko says the test merge from Ethereum’s longest-running testnet to the ETH2 Beacon chain was…smooth like butter.
What we discuss:
0:36 Russian Oil-Garchy
1:35 Market Watch with Frankie Candles
3:02 ECB Rates Rise
4:33 Dawn of ETH 2.0
5:18 Closing Thoughts
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The Future of Cryptocurrency and the Metaverse
The Metaverse is a connected, interoperable virtual reality space that will enable people to interact with one another in the real world and interact with their avatars. This technology will allow people to interact with the digital world around them, bringing the concept of virtual reality gaming to new heights. Currently, VR games are only available in separate applications. As these applications become more advanced, they will eventually connect together to provide one seamless experience.
The development of this platform will be facilitated by a digital identity. Digital identities will enable representation in different interconnected experiences. NFTs enable digital ownership. Blockchain technology will encourage individuals to create their own Metaverse, but centralized actors may still muscle in. In this scenario, the Metaverse war could be between ecosystems, instead of between companies. This is a concern for crypto enthusiasts who are worried that big tech companies are going to control the virtual world and make it similar to an app store.
The Metaverse will require permissionless identity and high-speed exchange. Data will need to be stored and served for billions of people, so people in the metaverse will want to trade and sell their digital items. This is where cryptocurrency comes in. The cryptocurrency will allow these people to connect to each other in the virtual world. This can be used for all kinds of transactions, including payment and entertainment. The future of the Internet depends on it, and cryptocurrency will play a key role in this.