Can’t help but feel a little uneasy about the state of the economy. Even GOOGLE is suffering layoffs. Will we see more pain in the near future?
#economy #layoffs #robotics #uncertainty #moneyprinter #future #finance #crypto #chatgpt #shorts #youtubeshorts
Facebook Expanding Its Metaverse With Cryptocurrency
If you are unfamiliar with the term, a metaverse is an augmented reality virtual world. It is often referred to as the next digital frontier.
Currently, the metaverse is largely made up of videogames such as Roblox and Fortnite. It is also populated with non-fungible tokens (NFTs). In addition, it includes avatars and VR headsets.
Several companies are working on metaverses, including Microsoft and Meta. These platforms are building a community and have plans to expand into three dimensions. Some are already accepting cryptocurrencies for payment.
One of the most popular metaverses on the market is Decentraland. It is a collaborative area for crypto users to exchange, create, and share immersive content. It is a real-time 3D creative engine that offers a wide variety of interactive materials.
Other popular metaverses include SecondLive and Axie Infinity. There are also several smaller projects available on popular crypto exchanges. However, some of these are very new and have limited user bases.
Facebook is also making two forays into the metaverse and the crypto world. The company has announced plans to invest $10 billion in its metaverse this year. This will be used to make it easier to display and sell digital objects, and to develop a new virtual economy.
Facebook’s new metaverse may depart from other open source metaverses. However, it will be built on blockchain technology and will integrate NFTs. Eventually, it will support Diem, a stablecoin.
Mark Zuckerberg is a big proponent of the metaverse and believes that it could be the future of mobile internet. He also says that he’s open to allowing interoperability between different metaverses.