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Today we will be discussing the incoming Fed Rate hike and what it means for Bitcoin, will macro needs overtake the Fed 2023 goals? Next we’ll talk about the competitive landscape of Layer 1 blockchains, who is the next king of the hill?
Around the Blockchain is your favorite Cryptocurrency show discussing Bitcoin, Ethereum, Cardano, and the top altcoins. Our four crypto experts Gareth Soloway, Sin City Crypto, RiceTVx, & Ben Armstrong. Tune in for their insightful crypto analysis.
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What is Metaverse?
Metaverse is an online game that lets users own their own land in a blockchain-based environment. In these virtual worlds, users can play games to earn money and can build their own kingdoms. There are currently several popular metaverses, including SecondLive and Decentraland, which are all built on the Ethereum blockchain. In these virtual worlds, players use non-fungible tokens known as ‘Axies’ to pay for the game’s resources. These virtual coins can be used to trade with other users and breed with other Axies. Axies can breed up to seven times, and offspring can be sold on the game’s marketplace.
While it may seem complicated at first, the concept is actually fairly simple. A user can create a free account. Users can purchase NFT cards using bank transfers, debit or credit cards, or Apple or Android Pay. In addition, players can sell digital goods to other users for ENJ, which is an in-game currency.
As with any digital environment, there are risks and benefits. For example, there is a potential danger of cyber-crime. While metaverse technology is still in its early stages, cybercriminals will inevitably try to take advantage of the growing popularity of these virtual worlds. Consequently, developers must take care to protect the security of their users.
The metaverse is an online world where users interact with other users using a virtual avatar. They can freely move around, talk, and act, and they can own virtual property. Users can also buy and sell goods and services and exchange them for non-fungible tokens.