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Facebook Changes Its Name to Metaverse

Last week, the industry was notified of the upcoming name change of Metaverse. This move is consistent with Facebook CEO Mark Zuckerberg’s statements in the past few months about the project’s pivot to a more recognizable brand. The industry has also received a push from the new name. Axie Infinity shards (AXS) are up 11% in the past 24 hours, and other gaming-related coins are also gaining in value.

The metaverse is a virtual space that allows users to interact with each other. It can be used for immersive games, like Fortnite, or for virtual concerts. Ariana Grande has held concerts in a virtual venue created specifically for the game. Some predict the metaverse could have five billion users by 2030. The technology is certainly exciting, but there are a number of risks involved.

Metaverse’s technology relies heavily on blockchain technology to secure data and digital assets and incentivize users to interact with each other and conduct commerce. The Internet of Things (IoE) technology is another important feature of the metaverse. It allows people to connect with each other in ways that were previously impossible. Additionally, 3D technology enables more immersive experience and enhances the user experience. With these technological advancements, the metaverse could be the next great leap in modern technology.

As a developer, you can mint virtual goods using the Enjin platform. Once you’ve done this, you can sell or trade them with other users. The ENJ token is the metaverse currency and can be traded and sold in the same way as real currency. ENJ is also a platform wallet, which allows users to access items on the site without having to download them.

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