Today we will be discussing Ray Dalio’s latest release of the inaugural edition of his new Country Power Score Index and his outlook for the future of the global economy. Next we’ll look at the ECB’s newly published Financial Stability review and how it could affect crypto regulation going forward, and last we’ll talk about FTX jumping into the Stonk market and actively shopping for a brokage.
Around the Blockchain is your favorite Cryptocurrency show discussing Bitcoin, Ethereum, Cardano, and the top altcoins. Our four crypto experts include Joe Parys, That Martini Guy, Rice TVx, & Ben Armstrong. Tune in for their insightful crypto analysis!
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What is the Metaverse?
You’ve probably heard the terms virtual world and Metaverse thrown around a lot. While many people are still unsure of what each word means, the truth is, they’ve all encountered them at one time or another. Here are some facts about the new virtual reality world:
The first video game to incorporate metaverse technology was Fortnite. The popular game has around 350 million players. In one metaverse, Travis Scott played a virtual concert in front of 12 million gamers. As technology improves, companies will want to incorporate metaverse technology into their products. It is possible that users will access the metaverse using a VR headset, currently used for gaming, or a mobile device. This would open up many new opportunities for both organizations and consumers.
Blockchain-based apps will help users own virtual land and earn money by playing games. Metaverses include Decentraland, Axie Infinity, and SecondLive. Axies, or non-fungible tokens, are a core component of the games. The platform allows users to breed up to seven times, with the offspring sold on the gaming platform. It will also soon be possible to sell those offspring. The concept of metaverse games is gaining traction in mainstream entertainment, despite some challenges.
The concept of the metaverse has gained momentum as mainstream technology advances. Facebook, for example, rebranded itself as Meta last year. Many other big companies, such as Google and Amazon, are making plans to develop their own Metaverses. While we can’t predict what the future holds, it is certain to be exciting and disruptive. This digital world is likely to create trillions of dollars in value. It may even become the gateway to the majority of digital experiences. It could also be the next great labor platform.