In tonight’s crypto news wrap-up, I take a look at the current happenings in the crypto landscape, including Elon Musk backing out of his big Twitter buy, Bitcoin plummeting below $20K, and another episode in the never-ending sage between Ripple Labs and the SEC.
0:21 Bird and the Billionaire
4:10 Bears Break Bitcoin
4:58 The Case That Never Ends
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🏘️Housing Crisis: https://youtu.be/a51Oi34c6Jc
🌐Internet Is Rotting Away: https://youtu.be/_rB6vjvYjNE
💻Cyber Warfare: https://youtu.be/gubDnq8jJxI
🌍World Economic Forum: https://youtu.be/ZOOtPB1pYtE
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The Metaverse – Facebook’s Virtual World
If you’re familiar with Facebook, you might have heard of the “metaverse,” but you might not have been aware that the social network has invested billions in research into this virtual world. Mark Zuckerberg recently rebranded Facebook as “Meta Platforms,” the “meta” version of its social network. However, the idea isn’t new – Facebook, for example, has already invested heavily in virtual reality and has rebranded as a metaverse company.
The metaverse concept has gained a significant following thanks to the virality of the pandemic. Since its inception, many tech giants have entered the fray. Microsoft, NVIDIA, Epic Games, and the Animoca Brands have all announced their intentions to invest in metaverse research and development. Even VISA, which recently bought the first NFT for $150,000, has expressed interest. Roblox, the maker of the popular video game “CryptoKitties,” has also stated its intentions to create a metaverse ecosystem.
Virtual worlds are a popular means to spend time, entertain ourselves, or even earn money. Several metaverse games are launching in the near future, and gamers can enjoy the benefits of gaming while meeting new people. Some of the games in the metaverse include Decentraland, Sandbox, and Illuvium. Each of these games is rich with social networks and decentralized economies. For more information on the metaverse, visit the website below.
The Metaverse is a virtual space that has evolved over time. It was coined by author Neal Stephenson in 1992, and it has grown in scope and popularity since then. Although Stephenson’s book was widely read and adapted into a movie, the metaverse remains difficult to define, and many creators and users view it as a sort of unfulfilled “aspiration.”