In your nightly crypto news wrap-up, we bring you the top crypto stories. The Fed Rocks the Boat. Blackrock muscles in to Defi and NFTs ask the market…what the Funko?
What We Discuss:
0:22 Fed Hikes Interest Rates
1:03 Market Watch
2:48 BlackRock Makes Moves
3:25 Funko DC NFTs
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Buying Real Estate in the Facebook Metaverse
Metaverse is a decentralized virtual world that is fueled by cryptocurrency. It enables users to own and trade virtual goods in the same way they would in real life. It also allows users to earn and spend money on in-game goods and services, such as virtual lands and trading cards. It uses ENJ tokens to track the value of these goods.
While the Metaverse promises a number of benefits, the real promise of the platform lies in its users. Users could create their own virtual worlds, turn digital assets into play-to-earn games, invest in non-fungible tokens, and trade them to other users in the Metaverse. To ensure the success of the Metaverse, it is essential to implement a reliable and secure blockchain for the exchange of metaverse data.
The metaverse also promises to be highly social. Users will be able to meet and interact with other users by using an avatar, allowing them to freely move, speak, and act. In the future, users will be able to own and sell virtual properties, enabling them to exchange them with non-fungible tokens.
The rebranding of Facebook as Meta has also boosted the value of metaverse tokens. Many people have been thinking about buying digital property as an investment in the future. Zuckerberg has spoken about the upcoming name change for months. Although the concept of owning real estate in the metaverse is not for the typical investor, it may turn out to be profitable for those looking to build a portfolio of crypto assets.