The entire crypto market was humbled with the collapse of a top 10 project LUNA. What can we learn from this and where are we going? Here’s the GOLDEN RULES of crypto investing.
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***NOT FINANCIAL, LEGAL, OR TAX ADVICE! This channel is for entertainment purposes only and is just my opinion as I am not an expert or a financial planner. Please perform your own research.
The Metaverse – The Future of Virtual Worlds
While implementation of the Metaverse may still be years or months away, many companies are gearing up for it. The first real-life metaverse was Second Life, the popular online massively multiplayer game that allowed players to live another life within a virtual world. The game was a precursor to the metaverse and was developed by San Francisco-based Linden Lab. It offered gamers virtual worlds and a virtual economy, but critics are worried that the technology could worsen social issues.
The Metaverse may also create a new currency, a market for goods and services and a whole new economy. This will require new technologies, such as digital twins, to develop the technology for this emerging marketplace. However, the Metaverse may raise questions about privacy, security, diversity, ethics, and other aspects of ethical behavior. In the near-term, these issues will be resolved as the technology continues to evolve. In the meantime, it’s important to note that the future of the virtual world is very different than what we know now.
The entrepreneur will drive the Metaverse’s growth. Businesses will create content, provide services, and do useful things for the metaworld. As a result, these businesses will need to be able to monetize their offerings. They may issue non-fungible tokens to enable users to own hour sessions for a certain duration. In the long run, these tokens could become the equivalent of a real-world pass for an event or a planet.
