FTX legal and compliance team has quit. Binance is leaving FTX to fail!, no deal!
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Facebook, Microsoft, and Others Are Getting Into the Metaverse
The Metaverse is a virtual world where you play games and socialize with other people. While it is a bit like the Internet, Meta is based on blockchain technology, which means that it’s decentralized and can be controlled by anyone. The Metaverse has a lot of potential to change the way we work, live, and play. It’s a place where you can build a community, and monetize your time.
The Metaverse will be accessible on desktop computers, mobile phones, and game consoles. It will allow millions of people to interact in a shared environment. Businesses can use this technology to expose their products and services to new customers and expand their markets. There are already several companies operating in this virtual space, including Epic Games. It recently announced that it will raise $1 billion in April 2021 in order to create a platform for the Metaverse.
Microsoft, Epic Games, and NVIDIA all recently announced plans to explore the Metaverse. The first NFT was purchased for $150,000 by VISA, and many other companies are getting into the game. Popular brands such as Gucci and Coca-Cola are also jumping into the metaverse. They’ve collaborated with popular game platforms such as Roblox to sell digital accessories in the form of NFTs.
Facebook’s move into the metaverse may also be a sign of the company’s intention to pursue monetization. Facebook already has a presence in virtual reality and owns the virtual reality headset maker Oculus. And Facebook recently signaled a major hiring push for its metaverse unit.
