In your nightly crypto news wrap up, we bring you the top crypto stories. Stocks were in the red again today, with the Dow Jones having its biggest single-day drop since 2020; FTX is testing stock trading functionality on its platform; and the SEC targets unregistered crypto exchanges, while the Commodity Futures Trading Commission focuses on fraud and manipulation in crypto.
What We Discuss:
0:00 Intro
0:25 Dow Jones
1:35 FTX
2:21 SEC
3:15 Commodity Futures Trading Commission
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What is the Metaverse and Why is it Important to the Digital World?
We’re all familiar with the concept of virtual reality. But what is the Metaverse? And what does it mean for the digital world? Well, the Metaverse is a platform where people create digital identities and interact with each other. It is a kind of online community, and its development is fueled by the emergence of new technologies such as virtual reality. It also uses artificial intelligence to create avatars and NPCs – digital humans. In addition to this, it offers security and multi-language services.
According to Goldman Sachs, the metaverse will be powered by crypto technology, allowing users to own and move assets securely across platforms. While Facebook has made much of the hype about this phenomenon, it’s not the only company embracing the metaverse concept. Other companies, including Microsoft, are also embracing it, and there are already games available in the non-crypto version of the metaverse. Mark Zuckerberg released a video last October that outlined his vision for the future of the internet. Although he didn’t mention the term “decentralized,” he acknowledged that he’s “working on it.”
This type of technology is expected to revolutionize the way people interact with each other. By creating a 3D virtual world, it will be possible for users to engage in social interactions with each other in a more real-life way. Businesses will also benefit from the metaverse by creating new opportunities to expand their markets. Businesses can use the metaverse to showcase their products and content and enhance their customers’ purchasing decisions. However, this concept isn’t just suited for companies, but for individuals, too.
