The crypto market is doing OK for now but with the FTX contagion spreading and actually taking effect, there is going to be a lot of pain moving forward. Also, what did Mr. Wonderful say?
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Ledger/StoneBook giveaway:
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⏰ *”Not your keys, not your crypto” repeated AD NAUSEAUM over 2 years.
0:00 – Market Recap | Topics Overview
2:04 –
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***NOT FINANCIAL, LEGAL, OR TAX ADVICE! This channel is for entertainment purposes only and is just my opinion as I am not an expert or a financial planner. Please perform your own research.
Facebook, Microsoft, and the Metaverse
The Metaverse is a virtual world where users can interact with one another and purchase items. This virtual world can be filled with content or can be empty and left unused. In the future, the Metaverse will be filled with entrepreneurs and content creators, who will create and provide services to their target users. The key to making money in this virtual world is to monetize these services effectively. For example, online cinemas could issue tokens for movie viewing rights. Other uses for tokens include events, club passes, and even tickets to another planet.
The Metaverse is growing in popularity with its blockchain-based apps. Axie Infinity, Decentraland, and SecondLive are three popular metaverses. They are built on the Ethereum blockchain. Axies, which are non-fungible tokens, are a component of the game. They are able to breed with other Axies and can breed up to seven times. Their offspring can then be sold on the game’s platform.
Currently, Facebook is throwing big money at the Metaverse and Microsoft is muscling into the virtual world market. The dominant player can snag the early network effects and become a giant. Facebook’s investment in the Metaverse might worry its investors.
