Not Financial Advice Episode 2: Is Cash still king or is time to deploy that cash? What indicators we use to go in heavier or pull back asset allocation PLUS the big Q: How will A.I. change crypto (and the world in general). PLUS, a quick discussion on current news – Amazon chooses Avalanche to built on and NEXO raided by police for money laundering.
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0:00 – Market Recap | Topics Overview
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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.
What is the Metaverse?
The metaverse is a digital world that is built through a combination of software and hardware. It includes everything from social media to digital currency. A metaverse also allows users to create virtual avatars that can interact with others.
Some of the biggest names in the gaming industry are working to develop the metaverse. These include Epic Games, which recently acquired $1 billion in funding for its metaverse project. In addition, video game companies like Roblox have outlined their vision for the metaverse.
In addition to the gaming industry, other industries are interested in building a metaverse. Companies like Coca-Cola and Gucci have collaborated with online game platform Roblox. They have sold digital tokens that act as stepping stones into the metaverse.
One of the biggest concerns about the crypto space is that the metaverse could become like an app store. This would result in a massive onboarding of billions onto the blockchain.
As it stands today, the metaverse is primarily made up of game platforms like Roblox. There are also some NFTs, or non-fungible tokens, which are being used to facilitate transactions in the virtual world.
Metaverse cryptos are relatively new and have a small user base. However, they have the potential to be more popular in the future.
One of the most promising metaverses is Decentraland. This platform is already gaining popularity with several larger firms launching marketing campaigns.
Another popular metaverse is Axie Infinity. Players gain access to in-game tokens by engaging in matches and breeding Axies. They can then sell them for real-world value.