EL Salvador just paid off it’s 800 million dollar loan that the IMF stated would bankrupt them AND NOBODY COVERS IT! Plus, banks start distancing themselves from crypto users and here’s why…
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0:00 – Market Recap | Topics Overview
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The Metaverse is a virtual world that allows people to interact as cartoon avatars. It’s a shared virtual space that is built using the technology of blockchain.
The Metaverse can be used for social, creative, and economic purposes. Using crypto, users can buy items and other services, and they can also use their coins for payments. They’ll be able to visit virtual offices, whiteboards, and other interactive features.
In October 2021, Mark Zuckerberg announced a plan to bring the Metaverse to life. He explained how the Metaverse will change the way we work and live.
Facebook has invested $10 billion in the metaverse. This investment could give the company an advantage. However, it’s not clear how it will work.
Facebook is working on the metaverse in two different ways. One of the ways is through the Horizon Worlds app. Currently, the only way to access the app is through VR. As a result, it has been criticized for poor user experience. Some critics believe that the company may need to do more to make the app compatible with other devices.
Another method is through NFTs. These are the pieces of software that allow you to create objects and items that have value. Users can then use these as passes to events and clubs, or as a pass to another planet.
These items are similar to Fortnite skins. They can be bought with debit and credit cards, or with Apple Pay.