El Salvador has passed landmark crypto legislation providing the legal framework for a Bitcoin-backed bond — known as the “Volcano Bond” — that will be used to pay down sovereign debt and fund the construction of its proposed “Bitcoin City”.
The bill passed on Jan. 11 with 62 votes for and 16 against, and is set to become law after it is ratified by President Bukele.
The BTC bill passed on Jan. 11 with 62 votes for and 16 against, and is set to become law after it is ratified by President Nayib Bukele.
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TimeStamps: (Check back soon)
Show Notes / News Resources:
✔ Bitcoin Technical Analysis: https://bit.ly/3wgSfeR
✔ US CPI Numbers Clock in at 6.5%: https://bit.ly/3QxMcM2
✔ DCG owes creditors over $3B: https://bit.ly/3GCZ7YE
✔ SBF’s Lawyers Say $5B in Assets Now Recovered: https://bit.ly/3GtCEgk
✔ Morgan Creek CEO Predicts Bitcoin Outruns Gold in 2023: https://bit.ly/3CKn278
✔ El Salvador passes landmark Bitcoin bill: https://bit.ly/3W81OXP
🔴 DISCLAIMER: This is NOT financial advice. This is an entertainment and opinion-based show. I am not a financial adviser. I am not responsible for any investment decisions that you choose to make. Always do your own research and never invest what you cannot afford to lose.
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Investing in the Metaverse
The Metaverse is a virtual world where users are able to interact regardless of time, place or devices. Users can meet and interact with others through avatars. They can also own virtual property and invest in non-fungible tokens (NFTs).
There are several ways to invest in the metaverse. Many of the larger tech companies are already involved. Nvidia, Intel, Boeing, SAP and Microsoft are all involved. These companies will shape the design of the Metaverse.
For example, Roblox is a game creation platform where people create their own avatars. Players can build a virtual universe and play different games, buy new tools and weapons, and customize their appearances.
Some gaming platforms like Playstation VR and Oculus Quest use virtual reality technology to provide users with an immersive experience. Likewise, VR technology has been used for many industries to provide employees with a more immersive experience.
Other companies are developing tools that allow users to create virtual environments. One example is The Sandbox, which has backing from gaming brands such as Atari and Gucci.
Another example is RFOX, which is a platform that focuses on rewards and entertainment. RFOX’s ecosystem includes gaming, e-commerce, retail, and finance. It is the center of the community experiences.
Crypto technology allows users to move assets across platforms securely. Using cryptos, users can trade virtual goods according to a contract.
If you’re interested in investing in the metaverse, it’s important to understand the risks. Metaverse cryptos are relatively new and have a small user base. However, some of these cryptos have potential to increase in value.