The ETH merge with the massive reduction in new supply may just be the groundwork that Ethereum needs to eventually pass BItcoin. What do you think? Is Ethereum going to be the number 1 coin in the future?
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Three Ways to Make Money in the Metaverse
The metaverse is a virtual world in which people can interact with AI avatars and create new content. There are many ways to make money in the metaverse. There are various types of games, including Sandbox, Illuvium, and Decentraland. Each one features a robust social network and decentralized economy. Here are three examples of how people can make money in the metaverse. Tokens will be used to make purchases in these games.
The Metaverse is a decentralized virtual world where users can own virtual land and earn money. Blockchain-based apps like Decentraland let users buy virtual land and play games to earn money. Other popular metaverses include Axie Infinity and SecondLive. Axies, which are non-fungible tokens, are a common currency in the metaverse. Axies can be built from over 500 body parts, and offspring can be sold on the gaming platform.
Facebook’s CEO Mark Zuckerberg has mentioned the concept on a recent earnings call. He even described Facebook as a “metaverse company.” While the term is a bit overused at this point, the company is investing in virtual reality and has already renamed itself Meta Platforms. Whether or not this concept becomes the next big thing, it is worth considering. And if it works as expected, Facebook could be the first company to capitalize on it.
Facebook is preparing to enter the Metaverse space by supporting the development of non-fungible tokens. Non-fungible tokens are a type of currency that has thrived on the Ethereum protocol. With Facebook’s investment in Oculus, the metaverse unit is now in a hiring frenzy. The company has already announced $ 150 million in new projects in order to further develop the concept. In addition to the endowment fund, Facebook also announced a $10 billion investment.
