Today we will be discussing the US Federal Reserve reverse repo nearing all-time highs of $2.3 Trillion dollars and what this might mean for the crypto markets. Next, we’ll talk about the recent statement from Circle USDC CEO Jeremy Allaire on his call for better user privacy and last, we’ll talk about the ETC cooperative urging the drop of the Ethereum Fork plan.
Around the Blockchain is your favorite Cryptocurrency show discussing Bitcoin, Ethereum, Cardano, and the top altcoins. Our four crypto experts Mac, Brad Varnell, Piano Matty B, & Crypto Lifer. Tune in for their insightful crypto analysis.
Mac:
https://www.youtube.com/channel/UCFeFVytEkT8kaqPCJZGFswg
https://twitter.com/MacNCheeasy
Brad Varnell:
https://www.youtube.com/channel/UCPdfKWg8SQ0EeJhg364fjQg
https://twitter.com/cryptobradv
Piano Matty B:
https://www.youtube.com/c/PianoMattyB
https://twitter.com/pianomattyb
Crypto Lifer:
https://www.youtube.com/c/CryptoLifer?app=desktop
https://twitter.com/CryptoLifer33/
Intro music by Gregario Franco. Song – Nacht
[https://gregoriofranco.bandcamp.com/](https://gregoriofranco.bandcamp.com/ “”)
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All of our videos are strictly personal opinions. Please make sure to do your own research. Never take one person’s opinion for financial guidance. There are multiple strategies and not all strategies fit all people. Our videos ARE NOT financial advice.
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Animoca Brands and the Metaverse
Animoca Brands is one such startup that has recently bolted into the metaverse. Founded by renowned Chinese businessman Yat Siu, Animoca Brands has already made over 200 investments, including some in the blockchain technology. While the company had some trouble with regulatory pressure and financial problems when it first tried to deal in cryptocurrencies, the company has overcome these issues to forge a new path in the metaverse. Yat Siu is also investing in foundational technologies, including the use of non-fungible tokens, or NFTs. Tokens are a digital way to authenticate ownership and store value in a digital ledger, and last year their trading volume soared to over $25 billion.
The metaverse will be driven by entrepreneurs. They will create content and services that people will find useful and will pay for. The challenge here is to monetize these services in a way that makes them appealing to consumers. These services will most likely be made available via a virtual currency, such as cryptocurrency. One way to monetize these services is to create non-fungible tokens for things like ownership of hour sessions. Online cinemas can issue tokens to people for a particular number of movies in a given time period. The tokens may also be used as passes for events or for a planet in the metaverse.
A metaverse can be built on a number of technologies, including virtual reality and augmented reality. Virtual reality helps users build their avatars, while augmented reality improves digital content and builds digital humans as NPCs. AI can also enhance security and offer multi-language services. In the future, the metaverse may function like a hybrid of hardware and software. It may also be built on blockchain technology. So, it is worth considering whether the metaverse is truly useful in helping people find their purpose in life.
