We’ve never seen a fall from grace quite like LUNA, whose price now sits below a fraction of a penny. In this video, I take a look at the Terra LUNA crash and TerraUSD’s downfall. I’ll break down what led to the Terra crash and who could be behind it. I’ll explain the rise of Terra founder Do Kwon and how Terra and its UST stablecoin were built. Then I’ll get into the gritty details of the collapse of everything in Terra’s ecosystem. Stay tuned for the latest Terra LUNA theories and the hard evidence.
What We Discuss:
0:00 Intro
0:28 Origins of Luna
2:54 Reign of Terra
5:05 Beginning of the End
7:10 The Fall
8:24 The Culprits
SOURCES:
https://www.terra.money/intro-to-terra
https://mirrorprotocol.app/#/trade
https://www.anchorprotocol.com/
https://www.coingecko.com/en/coins/terra-luna
https://twitter.com/0xfoobar/status/1524979611385401348
https://twitter.com/Gemini/status/1524428615844339718
https://www.coindesk.com/tech/2022/05/11/usts-do-kwon-was-behind-earlier-failed-stablecoin-ex-terra-colleagues-say/
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#LUNA #Crypto #Terra #UST
Metaverse of Crypto and NFT
The Metaverse is a new kind of virtual space in which people can interact with other people and technology. Aside from using social media platforms to promote brands, Metaverse offers new opportunities for businesses and entrepreneurs to do business in virtual space. The platform allows users to create virtual businesses and engage customers. To take advantage of the opportunities, businesses and individuals should be equipped with advanced digital technologies, including VR headsets, high-speed Internet connections, and a thorough understanding of technology.
The Metaverse could be controlled by centralized actors. The developer of Horizon Worlds, Facebook, is accused of controlling the metaverse. The company did not respond to an Insider request for comment. While a new metaverse could be organic, crypto and NFT supporters worry that big-tech companies will eventually dominate it. A new metaverse could be a centralized app store. In addition, states are concerned that Meta will make it a platform for developers and users to build games.
To build a strong ecosystem and increase adoption, the Metaverse needs to have a play-to-earn model and a good game. The Metaverse’s ecosystem will need to be supported by various types of virtual goods and services, which are currently offered by a number of blockchain-based applications. However, one example of a metaverse is Axie Infinity. This virtual world is built on the Ethereum blockchain and features non-fungible tokens called Axies. Axies can breed up to seven times and can even be sold.
