Think about the fact that CZ only had to take about 15 hours looking at the FTX books before bowing out. He was not going to buy it and take on probably billions in liability!
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The Metaverse – A Virtual 3D Internet Accessible Through Headsets, Desktop Computers and Game Consoles
Described as a “virtual 3D internet,” the Metaverse is a new form of virtual reality that will be accessible through headsets, desktop computers and game consoles. It will allow millions of users to interact in a virtual world.
The Metaverse will be built upon the blockchain and will allow users to create and interact with digital worlds. It will allow entrepreneurs to create content and provide services. Ultimately, it will be a decentralized and secure network.
The metaverse is the next evolution of the internet. It will allow millions of users to create and interact with digital worlds. The Metaverse is still in its infancy and will take years to become fully functional.
The Metaverse is currently populated by NFTs (non-fungible tokens). These tokens serve as representations of asset ownership within the Metaverse. They are used for trading, passing events and other functions. Some NFTs may become more valuable than others.
Some crypto die-hards worry about the future of the Metaverse. Some worry that tech giants will dominate the metaverse. Others worry that the metaverse will be rife with scams.
There are several companies working on metaverse platforms. One of the most prominent is Decentraland. Another is Roblox. These companies have already built a community and are looking to expand their networks.
In addition, several other larger firms have already started marketing their services on Decentraland. The company is also a major shareholder in the NBA Top Shot creator Dapper Labs.