In this video, we will discuss the price of Bitcoin, Ethereum, and the top altcoins. We’ll take a look at the cryptocurrency markets and the latest crypto news.
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Will Facebook Support NFTs?
When you talk about the Metaverse, most people will think of the game “Snoop Dog’s Block Party”. However, in the real world, it is much more complex than that. The Metaverse is a multi-user, decentralized virtual world where you can build and interact with other players. This game makes use of the BLOK currency and a collaborative area between users. In addition, you can earn coins by using the games you build on the Metaverse.
Zuckerberg, Facebook’s CEO, believes that Metaverse will be the mobile Internet of the future, allowing people to build and share digital worlds. Mark Zuckerberg teased that Facebook would eventually support NFTs and recently announced that it would invest $10 billion into Metaverse this year. Other prominent figures in the crypto space have expressed similar views, including Raoul Pal, a former hedge fund manager and outspoken crypto enthusiast. But the rebranding of the company is far from final.
Facebook’s announcement about the Metaverse has put a lot of blockchain-based games on a growth path. The social network has been banned from Steam by Valve, and the rebrand has led to a rise in the Axie Infinity token’s price. This is a clear indication that Facebook wants to shift its focus away from social networking to virtual reality and augmented reality. In fact, this change in direction is already being felt, and the token is already up 200% in value.
