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Today I update you on our ongoing portfolio series, showing you why I’m high on tokens like Algorand and low on exchange tokens like BNB.
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All of our videos are strictly personal opinions. Please make sure to do your own research. Never take one person’s opinion for financial guidance. There are multiple strategies and not all strategies fit all people. Our videos ARE NOT financial advice. Digital Assets are highly volatile and carry a considerable amount of risk. Only use exchanges for trading digital assets. Never keep your entire portfolio on an exchange.
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The concept of the Metaverse is getting a lot of media attention. Essentially, it is a virtual world that is made up of real people and digital avatars. It is a place where people can meet, learn, and interact with others.
The Metaverse is a futuristic world that is set to be the next phase of the web. According to Zuckerberg, it is the ‘next chapter’ of the internet. This new virtual world will allow people to work and play, and will bring social, economic, and educational opportunities to people all over the world.
While Facebook is not the only tech company that is developing a metaverse, it is one of the leading ones. Earlier this week, Facebook announced that it will be investing $10 billion into the metaverse this year.
The concept of the Metaverse has been around for years. In 1992, cyberpunk novelist Neal Stephenson wrote about a place where people could interact with each other in a shared digital space.
Today’s metaverse is mostly populated by virtual game platforms, such as Roblox. Users create avatars and purchase new weapons and tools. They can also interact with other players and exchange tokens for virtual property. These tokens can then be sold or traded for real-world currencies, such as fiat currency.
NFTs (Non-Fungible Tokens) are also a big part of the metaverse. Using these tokens, users can interact with other avatars, access information, and even pay for services.
There are some concerns about using cryptos for this purpose. Cryptos tend to be unstable and may crash due to sneezes or other problems.