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Is Facebook Playing in the Game?

A metaverse is a virtual world where people can interact with the real world and the digital world. These can be in a wide variety of forms, including videogames. Often, cryptography is involved in the process.

The most well-known metaverses include Decentraland and SecondLive. Both use NFTs, a technology that facilitates the creation of unique tokens for use in specific metaverse environments.

Facebook has made a $10 billion investment into the Metaverse. Zuckerberg says that the Metaverse is “the next evolution of social media.” In addition, Facebook will develop a new type of play-to-earn economy to monetize its presence in the Metaverse.

Several other firms are also looking into the Metaverse. One example is Microsoft, which will bring immersive versions of Windows and Office to Quest VR. Another firm, Animoca Brands, owns The Sandbox, a virtual platform for creating and monetizing games.

The Sandbox has already built a community of gamers, with over $144 million in transaction volume. Players can use Sorare cards to purchase NFTs using a debit or credit card.

In a recent company call, Facebook CEO Mark Zuckerberg mentioned that the company would create a new virtual space. It will be built on a combination of blockchain technology and “NFT assets” created on public blockchain platforms.

The Metaverse has potential to change how we work. By combining physical and digital worlds, the Metaverse promises to provide an augmented reality experience.

Several major tech companies have invested billions into the Metaverse. Some are playing in the game, while others are trying to control the Metaverse.

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