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Connect with Me & the BitSquad!
Join Me on Twitter ➡️ https://twitter.com/Bitboy_Crypto
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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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What’s Happening in the Metaverse?
Metaverse is a new digital space where people can work, play and connect online. It’s the next step in the internet’s evolution, and it may have a big impact on your life.
Crypto, nft, game, facebook, zuckerberg
One of the most important things that’s happening with the metaverse is that it’s moving toward ownership. Users can create and own their own virtual objects, experiences or even a piece of real estate based on the blockchain technology that powers cryptocurrencies like bitcoin. This means they can move their communities and digital goods from one metaverse platform to another – if they want to, say, take their Facebook group with them or transfer their crypto tokens from Decentraland to Sandbox.
Non-fungible tokens (NFTs) are also a key part of the metaverse. NFTs are secure digital assets that can represent a piece of art, a song or even a piece of virtual real estate. They can be sold or exchanged for other NFTs in the metaverse, but only if their real-world value climbs enough to justify a sale.
Users can use NFTs to pay for services in the metaverse. For example, a psychologist might issue NFTs to give you an hour of therapy. An online cinema will sell tokens to let you watch a movie.
The metaverse is a digital world independent of the physical realm that people can explore and interact in, supported by its own digital economy. But it’s not without its challenges.
