The merge to ETH 2.0 is shaping to be a historic moment for not just Ethereum, but the crypto landscape as a whole. In this video, I break down exactly what the merge is, what you can expect from it, and how it could push Ethereum past Bitcoin to become the dominant crypto coin.
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Timecodes:
0:00 Intro
1:49 What is the Merge?
4:21 Roadmap Update
6:00 Gas and Sharding
7:01 ETH to the Moon?
8:37 New King of Crypto
#bitcoin #ethereum #crypto #news #nft #economy #money #blockchain #invest #inflation
Animoca Brands Invests in Metaverse Tokens After Facebook Rebranding
The metaverse is an emerging market where virtual goods are exchanged for real ones. Animoca Brands is one such example. The company began as a mobile game developer and struggled through the dotcom bubble, which led to financial troubles and regulatory pressures from dealing with cryptocurrencies. It now focuses on internal product development and foundational technologies related to cryptocurrencies. Animoca is investing in non-fungible tokens, a form of digital currency that stores value and authenticates ownership. The market for these digital assets has exploded to over $25 billion in trading volume last year.
The Facebook rebranding has impacted the value of Metaverse tokens. After the announcement, many Metaverse related crypto projects have risen dramatically. Following the announcement, crypto investors have rushed to buy into the Metaverse. The rebranding reflects the company’s vision of the future of business. The company is also investing $150 million in education and new tools for creators. Facebook launched its digital wallet Novi in some areas of the U.S. last month, though the company has deferred the rollout of its own digital currency, Diem. However, the move has been delayed due to concerns from U.S. regulators.
The social network has received criticism for issues such as fake news, privacy, and security. The company has promised to manage the metaverse responsibly. The company has emphasized its emphasis on privacy and open collaboration with external firms. However, some members of the crypto community remain sceptical about Facebook’s intentions. Yat Siu, CEO of the company Dapper Labs, has called Facebook an “unreliable threat” to the metaverse.
