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A lot of people are saying ETH is due for a dump after the move to POS, but not only do I believe this to be untrue, I believe there is solid passive income to be made. In this video I give you the truth on Ethereum staking nodes, how they work, and what they mean for Ethereum and the crypto landscape as a whole.
0:28 ETH Staking
1:23 Safe Staking
4:07 Dump Incoming?
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Facebook Wants to Integrate the Metaverse Into Its Facebook Game
The Metaverse is a virtual world where people can play and earn money without the need to leave their homes. According to estimates, there will be 5 billion users by 2030. While the potential of the metaverse is very promising, it is not without risk. Some of the drawbacks include a lack of regulatory oversight, money laundering, and counterfeit NFTs, as well as the high volatility of most cryptocurrencies. Despite this, there is a lot of money being invested in the metaverse by big companies. These companies are able to spend a lot of money on research, and they have the budget and data privacy to develop a system that is secure.
Facebook is hoping to take advantage of this opportunity by integrating a metaverse. The social media giant already owns virtual reality headset maker Oculus and recently signaled a major hiring drive for its metaverse unit. The company plans to use NFTs as a means to create unique digital tokens and make them transparent in the blockchain. The metadata of a token will indicate who owns it.
The Metaverse is still in its early stages. However, entrepreneurs are launching services, creating content, and doing things that can be useful to the metaworld. The key to a successful metaverse is being able to monetize these services. For example, online cinemas can issue tokens for movie viewing rights. Other applications for tokens are event tickets, memberships, and passes to a closed club or event.