CRYPTO NEWS TODAY: Latest BITCOIN News, ETHEREUM News, DEFI News
Bitcoin (BTC) is now showing signs of vigor, after weeks of being smothered in crimson, and drilling past the $21,000 level, to the delight of some crypto investors.
As of this writing, the most sought after crypto asset is trading at $22,200, up 13% in the last seven days, data from Coingecko show, Friday.
BTC reclaimed the $20,000 threshold on Wednesday, seven days after going below it. The cryptocurrency is trading at less than 70 percent of its all-time high near $69,000, but is currently far above its mid-June selloff low of $18,000.
Friday, the market capitalization of all cryptocurrencies increased by about 2 percent over the previous day. On the same day, the global crypto market was valued at $919 billion.
How the Metaverse Will Be Used in the Future
The term “metaverse” was first used in 1992 by Neal Stephenson in his science fiction novel Snow Crash. The author imagined lifelike avatars inhabiting 3D structures and virtual reality scenarios. Since then, the concept has become a hot topic among crypto and blockchain enthusiasts. The term is now being used for a variety of applications, including gaming and content creation. Here are some ways the metaverse will be used in the future.
The metaverse will have an economy that will revolve around selling and trading virtual items and experiences. The concept of play-to-earn will become the most important aspect of metaverse gaming. Among other things, gamers will be able to engage in profitable activities such as selling virtual goods or services to other users for cryptocurrency. One example is the concept of portable game assets. According to Zuckerberg, this feature will be coming to Instagram within the next few months.
One of the major tech companies with a stake in the metaverse is Boeing. The company is creating a digital environment for employees to collaborate. Microsoft has taken this idea one step further. Its Mesh for Microsoft Teams feature allows users to create avatars and collaborate in a 3D holographic environment. In addition to these new technologies, it will also be possible for users to access this digital environment with a VR headset. So far, Facebook is one of the biggest companies in the world and has invested millions of dollars in research and development.
